Venture capital-backed Pure Storage Inc. priced its $425 million initial public offering Wednesday with Cooley LLP's guidance, entering public markets with a $3.1 billion valuation to mark the first technology debut in three months and the second "unicorn" in 2015.
The U.S. Supreme Court this session will decide if consumers can sue for technical violations of privacy laws without alleging an actual injury and whether defendants can hedge off costly statutory claims by making a settlement offer to individual plaintiffs. Here, attorneys discuss four privacy-related cases to keep an eye on this Supreme Court term.
AppDirect Inc. has raised $140 million in a round of fundraising led by JPMorgan Chase & Co.'s private equity branch, the companies said on Wednesday, a capital injection meant to spur further growth and expansion for the cloud software supplier.
The trial of two men accused of insider trading around a $1.2 billion IBM acquisition has a new date now that the U.S. Supreme Court has decided against hearing the government’s appeal of the landmark Newman case, a New York federal judge has ordered.
The European Court of Justice's Tuesday ruling invalidating the safe harbor agreement that enabled data transfers between the U.S. and European Union opens companies on both sides of the Atlantic up to increased scrutiny from EU regulators, who will be pushed harder by consumers to protect data that flows across the regions, attorneys say.
Carnegie Mellon University and Marvell Technology Group Ltd. responded Monday to each other's requests that the Federal Circuit rethink portions of its decision to slice a $1.54 billion trial judgment in their disk drive patent suit to about $278 million, with each side urging the court to reject the other's contentions.
The court-appointed monitor in the Apple e-book price-fixing suit said Tuesday that the tech giant has made considerable improvement in implementing its antitrust compliance program over the past six months, but that the company continued to resist requests for information, in some cases apparently for no good reason.
MedTel24 Inc. has been found in contempt after a Pennsylvania federal judge said the heart monitoring company clearly violated his order in a patent suit and is still using the infringing software.
A patent suit against Google and Samsung by licensing firm Unwired Planet went to trial this week in London, and attorneys say that while nonpracticing entity cases are fairly rare in Europe and face hurdles, overseas venues could become more popular amid a clampdown on such suits in the United States.
A California federal judge on Tuesday refused to dismiss a proposed class action accusing International Business Machines Corp. of stiffing workers on vacation pay when they left the company, saying she can't take IBM's word that the plaintiffs have misstated its vacation policies.
A Wisconsin federal judge ruled Tuesday that if Sorenson Communications Inc. infringed a closed-captioned telephone system patent held by Ultratec Inc., it did not do so willfully, a day after a jury rejected Sorenson's argument that the three claims at issue were obvious.
A company that says a component of this year’s net neutrality ruling gives major Internet providers a free pass challenged the ruling again Monday in the D.C. Circuit, telling the court the Federal Communications Commission should not be allowed to waive enforcement of certain regulations designed to protect competition in telecommunications markets.
A former Bracewell & Giuliani LLP transactional partner specializing in cross-border deals and a former Venable LLP special counsel focusing on compliance issues in private equity are joining the Washington, D.C., office of Duane Morris LLP, the firm announced Tuesday.
Early-stage financial technology company ZestFinance, which helps lenders predict credit risk in order to extend loans to subprime borrowers denied loans by traditional banks, said Tuesday it had raised $150 million from asset manager Fortress Investment Group LLC to expand its platform.
Billionaire investor Len Blavatnik has agreed to pay $656,000 to settle allegations he violated antitrust laws by failing to report voting shares he acquired last year in TangoMe, a California technology startup, federal authorities said on Tuesday.
Arent Fox LLP on Tuesday said that it has bolstered its corporate and securities practice in New York with a new partner who formerly worked for Kaye Scholer LLP and specializes in technology transactions and intellectual property.
Federal securities regulators filed suit in California federal court on Tuesday against the former chief executive of OCZ Technology Group, accusing him of conducting a scheme to artificially inflate the computer hardware maker’s financial results.
The U.S. Department of Veterans Affairs properly adheres to a law advocating contract awards to veteran-owned and service-disabled-veteran-owned small businesses, the government has told the U.S. Supreme Court, refuting a contractor's contention that the agency lacks discretion once participation goals are met.
Semiconductor manufacturer Skyworks Solutions has snapped up California-based chipmaker PMC-Sierra Inc. for $2 billion in cash, the company said Monday.
Tishman Speyer is buzzed to have paid out $25 million to complete its Hudson Yards area assemblage, while Salesforce is reportedly close to inking a massive sublease deal in Manhattan and Simpson Property Group is said to have picked up an $85 million Denver apartment complex.
The successful Daubert motion directed against the use of patent citation analysis by the plaintiff’s damages expert in Finjan v. Blue Coat in a California federal court provides another example of a court’s criticism of errors in application rather than of the methodology itself, say Alan Cox and Nadia Soboleva of NERA Economic Consulting.
Given the times we live in, it is almost inevitable that everyone will, sooner or later, need to consult with legal counsel. With that in mind, I thought it might be interesting to discuss a few things that clients just won't tell their lawyers, says Francis Drelling, general counsel of Specialty Restaurants Corp.
Brian Emfinger of Banner & Witcoff Ltd. reviews the decisions in which courts have found various concepts to be abstract ideas, specifically concepts that fall into the category of “an idea of itself.”
The Ninth Circuit's recent ruling in Rodriguez v. Sony Computer Entertainment America LLC is in line with the trend of courts limiting streaming media companies' liability under the Video Privacy Protection Act — a trend becoming increasingly important to companies’ bottom lines, say Alysa Hutnik and Robyn Mohr of Kelley Drye & Warren LLP.
By whatever name you call it — health information technology, digital health, mobile health, telehealth — there is a lot of private equity and venture capital money flowing to this space. But to help mitigate the risk of your health IT investment becoming a headline, it is imperative that you carefully examine your target’s privacy and security practices, says Erin Whaley of Troutman Sanders LLP.
A response strategy in view of a new guideline suggesting that examiners should not identify a claimed concept as an abstract idea “unless it is similar to at least one concept that the courts have identified as an abstract idea" involves distinguishing pending claims from those in the cases discussing the asserted abstract concepts, and explaining why the reasoning employed by the courts in those cases does not apply, says Brian E... (continued)
The arguments the U.S. District Court for the Northern District of Texas accepted in Shane Galitsky v. Samsung Telecommunications America LLC when denying certification of a class of California smartphone consumers may also be applicable in other consumer class actions attempting to certify a class on the basis of a common defect, says Emily Pincow of Weil Gotshal & Manges LLP.
Vice Chancellor Sam Glasscock, in a stockholder case related to Riverbed Technology's go-private deal, recently expressed serious reservations about the broad releases provided to Riverbed’s directors in exchange for enhanced disclosures. This and other recent rulings highlight the Delaware Chancery Court’s efforts to ensure that meritorious merger challenges are litigated, say attorneys with King & Spalding LLP.
Courts have recognized four categories of abstract ideas that include "an idea 'of itself.'" Some of the concepts previously held to be patent-ineligible abstract ideas are more specific while others are much broader, and one can easily envision an examiner citing to one of these broad concepts to support a rejection under Section 101, particularly with respect to computer- and software-implemented innovations, says Brian Emfinger ... (continued)
New cybersecurity guidance proposed by the National Futures Association is particularly noteworthy for firms that are not currently subject to the cybersecurity rules set forth by the U.S. Securities and Exchange Commission and the Financial Industry Regulatory Authority, say attorneys with Ropes & Gray LLP.