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Litera to Acquire Legal AI Pioneer Kira Systems, Enhancing its Transaction Management Offering

LawSites

Kira’s CEO, Noah Waisberg , a former corporate lawyer with Weil, Gotshal & Manges in New York, and its CTO, Dr. Alexander Hudek , a computer scientist, founded the company in 2011, originally under the name DiligenceEngine (which I reviewed in 2014 ). Litera has made a dozen notable acquisitions over the past two years.

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Regulatory Risks for Not Disclosing Trading Algorithms – Five Takeaways from the SEC’s $170 Million Settlement with BlueCrest Capital

Debevoise Data Blog

Background On December 8, 2020, the SEC entered into an offer of settlement with BlueCrest for $170 million related to conduct occurring between 2011 and 2015. In 2011, BlueCrest created a proprietary fund, BSMA Limited (“BSMA”), to trade capital invested by BlueCrest Executive Committee members.