The Securities and Exchange Commission on Friday settled fraudulent conduct charges with a lawyer representing some of the companies that took $13 million from investors by claiming they had access to Facebook Inc. and other social media stock ahead of their initial public offerings.
Facebook Inc. Chief Privacy Officer Erin Egan said Friday that the company is planning to soon roll out new tools that will enable users to better understand how their information is being used by third-party advertisers and outside sites that ask them to link to Facebook.
A Texas appeals court on Thursday ordered mediation for Akin Gump Strauss Hauer & Feld LLP as the firm defends a win over claims that it defrauded a Native American casino and resort developer by taking millions in legal fees while the developer went unpaid.
A Stanford University track and field star who had been the first active Division I-A athlete to sue the NCAA over its handling of concussions dropped her proposed class action in Illinois federal court Friday over concerns about her role as class representative.
The trustee for the producers of the “Girls Gone Wild” video series' Chapter 11 bankruptcy case asked a California federal judge on Thursday to stave off a tenant's attempts to evict the company units from their Los Angeles office, saying it violated the terms of a lease agreement that was likely destroyed by GGW founder Joe Francis.
An $83 million dispute between Google Inc. and the Internal Revenue Commission over a 2002 stock deal with Time Warner Inc.’s America Online probably won’t go to trial until 2015, according to documents filed on Wednesday in U.S. Tax Court.
A magazine subscription company has asked the U.S. Supreme Court to nix a Ninth Circuit decision giving the Federal Trade Commission a second chance to recover $34.4 million that the company allegedly stole from consumers through deceitful magazine sales.
In Law360's latest roundup of new actions at the Trademark Trial and Appeal Board, the French organization that safeguards the name "champagne" pops off three new oppositions, A&E calls out a "Truck Dynasty," and Time Warner Inc. defends a famed quote from "The Wizard of Oz."
Google Inc. was hit with a putative class action Friday in California federal court claiming that its app marketplace exploits children by incentivizing them to spend large amounts of money on free or low-priced games without requiring them to get their parents’ permission for every purchase.
A New York federal judge on Friday ordered the arrest of Michael Jackson’s former concert promoter after he filed at least $1.4 billion in liens against Dentons and Loeb & Loeb LLP attorneys as well as Williams Morris Endeavor Entertainment LLC in defiance of a court order.
Rapper Lil Wayne has reportedly been slapped with a $12 million IRS tax lien, joining a long list of entertainers like actors Lindsay Lohan and Wesley Snipes who've butted heads with the agency. Entertainers often have erratic pay schedules that complicate their IRS filings, but with careful guidance they can avoid missed taxes. Here, experts share four tips for handling these matters.
The Backstreet Boys have requested additional time to resolve a dispute with their former Ponzi-scheming manager's bankruptcy trustee over $3.5 million in legal fees, seeking to push back a scheduled March 24 hearing on the matter.
Two motion picture studios filed a trademark infringement suit Thursday in Texas federal court accusing adult entertainment conglomerate Rick's Cabaret International Inc. of infringing intellectual property rights tied to the 2006 film “Talladega Nights: The Ballad of Ricky Bobby,” with its motor-sports-themed Ricky Bobby restaurant.
A pair of economists told the Second Circuit on Tuesday that the district court overseeing the U.S. Department of Justice's e-books price-fixing case against Apple Inc. ignored key economic evidence in a decision that threatened to thwart the use of common, pro-competitive contract clauses.
Twitter Inc. said in a regulatory filing Thursday that it paid $36 million in a recent deal to acquire over 900 patents from IBM Corp. after being accused of infringement.
The Tenth Circuit on Friday denied Aereo Inc.'s bid to stay a preliminary injunction prohibiting it from retransmitting television broadcasts within the appeals court's jurisdiction until the U.S. Supreme Court weighs in on the legality of its allegedly infringing streaming services.
The city of San Jose, Calif., on Wednesday urged the Ninth Circuit to reassess the validity and scope of Major League Baseball's longstanding exemption from antitrust laws and to undo a lower court's dismissal of a suit challenging the league's refusal to permit the Oakland Athletics to relocate.
A male in-house counsel once told me I had not been "nice" to him when I approached him about a business opportunity and would therefore not get the business. To add insult to injury, one of my male partners told me I should be flattered by the interest paid to me by the in-house counsel, says Paulette Brown, chief diversity officer at Edwards Wildman Palmer LLP.
Several people have told me that they had a lot of trepidation when they found out they would be working for a woman. To be effective, you need to be able to eliminate or address the conscious or unconscious bias colleagues may have about having a female boss, says Nancy Mitchell, chairwoman of Greenberg Traurig LLP's New York business reorganization and financial restructuring practice.
In this week's Taxation With Representation, Pennsylvania is the center of the M&A universe thanks to deals advised by Weil Gotshal, Reed Smith and Wachtell Lipton Rosen & Katz.
The recently introduced American Royalties Too Act is an attempt at leveling the playing field between U.S authors and U.S. visual artists, but a resale royalty may not be the solution to ameliorating this disparity, given the complexity of the art market. Perhaps following the global trend for resale royalties is not the most effective method of benefiting artists involved in U.S. art transactions, say Diana Wierbicki and Agatha Kluk of Withers Bergman LLP.
The Delaware Court of Chancery recently rejected a party’s attempt to object to the production of documents located in France on basis of the French Data Protection Act. Given the court’s reputation and influence in corporate litigation, In re Activision Blizzard Inc. Stockholder Litigation does not augur well for foreign parties hoping to resist U.S.-style discovery on basis of their country’s data privacy statute, says Pierre Grosdidier of Haynes and Boone LLP.
Cloud users must know how to use the cloud responsibly to prevent later difficulties with document production. When negotiating a cloud service agreement, users should look for certain services that will prove useful when responding to discovery requests, such as comprehensive search options, instant suspension of the auto-delete function, and preservation of metadata and embedded data, say attorneys with Sidley Austin LLP.
In the year since the U.S. Supreme Court's decision in Comcast Corp. v. Behrend, nearly 200 cases have cited the ruling, but the only consensus reached is that its significance for class actions is unsettled. However, notwithstanding the lower courts’ inconsistent application of Comcast's “rigorous analysis” of damages model evidence, a few guiding principles have emerged, say Erik Snapp and Quinn Shean of Dechert LLP.
On the heels of its recent decision in Daimler AG v. Bauman narrowing general personal jurisdiction, the U.S. Supreme Court's decision last week in Walden v. Fiore clarifies the constitutional limits of specific jurisdiction. Walden encourages courts to err on the side of dismissal when faced with a defendant’s inadvertent or tenuous connection to the forum state — something the courts might otherwise be reluctant to do, say attorneys with Paul Hastings LLP.
I was shocked to find that in the month of February 2014 alone there were over 100 legal opinions issued in the U.S. involving Facebook. While some of these cases were more disturbing than amusing, there were a few gems, including the case of a Florida judge who ruled against a litigant who had denied her friend request, says Dan Nabel of Greenberg Glusker Fields Claman & Machtinger LLP.
In stark contrast to the changing environment for the majority of lawyers today, the evolution for the general counsel is driven less by necessity than by opportunity. Today’s GC may touch every aspect of his or her organization to solve challenges and propel the company forward, keeping the GC far ahead of what is expected of the average lawyer, says James Merklinger, vice president and general counsel of the Association of Corporate Counsel.
Given the breadth of California's anti-strategic lawsuit against public participation statute, the number of complex issues already addressed by California courts, and the sheer number of opinions issued, California is well positioned to lead the way as other states — such as Oregon, Nevada and Texas — attempt to define the scope of their own anti-SLAPP provisions, say Frank Broccolo and Laura Richardson of Sidley Austin LLP.
The recently closed comment period for the proposed Federal Rules of Civil Procedure amendments generated passionate antipodal responses over discovery rules that appear to benefit large corporate litigants at the expense of individual plaintiffs and civil rights groups. The nature and intensity of the response should lead the committee to reconsider the overall fairness of the proposed discovery amendments, says Henry Kelston of Milberg LLP.
The proposed merger of Comcast Corp. and Time Warner Cable Inc. is going to be a conundrum for regulators. A narrow view of the markets involved could lead to a quick seal of approval, but lack of real competition, a national market for influence over norms and expectations, and public pressure may push authorities into finding new ways to measure the merger’s impact — to quantify competition and innovation through factors other than retail price, says Mitch Stoltz, staff attorney at the Electronic Frontier Foundation.