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    Sep. 30, 2026

$17‑Billion Meta Pact Offers Compliance Guidance With Implications Across Industries

Meta’s $17‑billion settlement (Settlement) with 52 state and territorial AGs provides a detailed compliance roadmap for businesses well beyond the social media industry. The Settlement’s provisions underscore how states are extending the scope of protections for minors to include the effects of digital design on teens’ well-being alongside traditional privacy concerns. Its exacting age-identification requirements show enforcers’ increasingly prescriptive approach. The Settlement is already shaping enforcement efforts, as illustrated by Alabama’s deal with TikTok last week, which may foreshadow similar actions against other companies. This article examines the Settlement’s key enforcement and legislative implications and provides a list of action steps that organizations should take now, with recommendations and insights from experts at Arnall Golden Gregory, Holland & Knight and Shumaker. See “How Companies Can Meet Growing Regulatory Scrutiny Around Sharing Children’s Data” (Feb. 11, 2026).

How Boards Can Effectively Govern the Risks of Agentic AI

As companies deploy increasingly autonomous AI agents, boards must ensure that management establishes clear accountability, limits agents’ authority and demonstrates that effective controls remain in place. At the same time, management should translate technical risks into business terms for directors, recommend clear boundaries for agents’ authority, and provide the board with the information necessary to evaluate the effectiveness of those boundaries and controls. This article, drawing on insights offered by experts from Zenity and Agent & Capital at the Cloud Security Alliance’s AI Security Summit 2026, offers practical guidance on what the board should know about the principal risks and best practices associated with agentic AI, how management should frame proposals and communicate with directors, and what questions boards should ask to evaluate security, controls and accountability. See our two-part series on AI agent security: “Companies See Rogue Incidents but Lag on Controls” (Mar. 18, 2026), and “What CISOs and GCs Need to Know to Defend the Enterprise” (Mar. 25, 2026).

Can AI Trading Models Commit Insider Trading?

As fund managers deploy AI tools capable of analyzing nonpublic information at unprecedented scale, they face growing uncertainty about how existing insider trading and material nonpublic information (MNPI) rules apply when AI systems, rather than human analysts, process restricted data. Regulatory risk may arise not only from actual misuse of MNPI but also from inadequate controls over AI systems that could foreseeably allow restricted information to influence trading decisions or recommendations. In this guest article, Skadden partners Daniel Michael and Andrea Griswold examine how the existing securities law framework applies to AI tools that access nonpublic information, identify regulatory risks beyond traditional insider trading claims and offer practical guidance on controls fund managers can implement now. See “Benchmarking Fund Managers’ Adoption and Governance of Generative AI” (Nov. 19, 2025).

Former Texas AG Consumer Protection Chief Joins Kelley Drye

Kelley Drye has welcomed Steven Robinson, former chief of the Consumer Protection and Tax Litigation Divisions at the Texas AG’s Office, as special counsel in its state attorneys general practice. He is based in Austin and associated with the firm’s Houston office. For insights from Kelley Drye, see “Navigating an Increasingly Risky Health Data Landscape: Why the NAI’s Factor Analysis Matters” (Apr. 29, 2026); and “CPPA’s Tractor Supply Decision Offers Lessons As Enforcement Focus Moves From Education to Deterrence” (Oct. 22, 2025).

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