The lead plaintiffs in a shareholder class action against bankrupt OCZ Technology Group Inc.’s former brass in California federal court blasted on Thursday an effort by the estate’s liquidation trust to halt consideration of a $7.5 million settlement by asking the Delaware bankruptcy court to enforce Chapter 11’s automatic stay.
A California federal judge voiced skepticism Thursday over Adobe Systems Inc.'s request for enhanced damages in a lawsuit accusing Wowza Media Systems LLC of infringing Flash encryption patents, saying Thursday that he didn't think Wowza executives' hacking of Adobe's software was enough to prove willful infringement.
CurrentC, a mobile payment service backed by the retail industry and poised to compete with Apple Pay, confirmed Wednesday that hackers had obtained the email addresses of merchants and individuals who participated in a trial run of the smartphone app.
The New York bankruptcy judge handling LightSquared Inc.’s knotty Chapter 11 case held Thursday that Harbinger Capital Partners LLC, the debtor’s top equity holder, cannot eliminate a guaranty on $1.7 billion in debt owed to a group of secured lenders.
The American Civil Liberties Union on Wednesday hit back at the federal government’s bid to shield documents in a New York federal suit that may shed light on the controversial National Security Agency bulk telephone data collection program, arguing a recent brief attempted to relitigate issues already decided.
The Federal Circuit on Wednesday consolidated two appeals by Samsung Electronics Co. Ltd. in its $930 million patent-infringement fight with Apple Inc., one disputing a judgment for damages stemming from a jury’s infringement verdict and the other challenging $1.9 million in court costs.
The U.S. Tax Court ruled Thursday that a taxpayer who received over $3 million when his company merged with Google Inc. cannot report all of that money as lower-taxed capital gain income because some of it was deferred compensation and counts as ordinary income.
Coupons.com Inc. won’t have to fork over $6.7 million in royalties to Document Security Systems Inc. now that a New York federal judge granted the company summary judgment Tuesday in a battle over the use of counterfeit coupon detection technology.
French hotel conglomerate Accor SA announced Thursday that it will inject €225 million ($283.6 million) into a plan to bolster its digital services over the next four years by improving customer access to online services and snapping up travel app Wipolo.
Japanese telecom giant SoftBank may offer as much as $10 billion for the wireless assets of Mexico's America Movil, while Arle Capital Partners is thinking about selling Spanish theme park operator Parques Reunidos for upwards of $2.6 billion.
The co-founder of torrent download website Pirate Bay and a 21-year-old accomplice were reportedly convicted by a Danish court Thursday of illegally hacking into the systems of information technology giant Computer Sciences Corp. and stealing thousands of Danish social security numbers.
Spanish road operator Abertis Infraestructuras told regulators Thursday that it wants to spin off its telecommunications business and list it on the Madrid Stock Exchange, believing that the unit is not returning its full potential value to shareholders.
Sony Electronics Inc. and the U.S. Equal Employment Opportunity Commission have settled a suit in Illinois federal court accusing the electronics manufacturer of violating the Americans with Disabilities Act by firing an amputee.
Innocean, Hyundai's in-house advertising agency, tapped banks to manage its IPO, while Malaysian government fund 1MDB is bracing for a $3 billion listing of its power assets amid political scrutiny.
A California federal judge has invalidated three patents on computerized methods of cataloging photos of participants in marathons and other sporting events, finding that they claim nothing more than an abstract idea under the U.S. Supreme Court's Alice Corp. decision.
The judge presiding over GT Advanced Technologies Inc.’s secretive bankruptcy on Thursday endangered a settlement of the contract dispute with Apple Inc. that destroyed GT's business, saying that a key document both companies want sealed should be made public.
The Court of Federal Claims has ordered the federal government and Science Applications International Corp. to engage in discovery to determine whether an evaluator showed bias in steering a U.S. Marine Corps contract to SAIC over InfoReliance Corp.
The Federal Circuit on Tuesday refused to take a second look at its decision to stay VirtualAgility Inc.'s patent case against Salesforce.com Inc. and others during an America Invents Act business method patent review.
A New York federal judge on Wednesday hit Antonelli Terry Stout & Kraus LLP with temporary spending restrictions and accountability measures following a nearly $8 million judgment levied against the law firm in Protostorm LLC’s malpractice suit accusing the firm of botching a patent application.
The Federal Communications Commission last week added its name to the growing number of regulators intent on bringing enforcement actions over allegedly lax data security practices, but attorneys say the agency's efforts are likely to face corporate challenges similar to the ones plaguing the Federal Trade Commission.
To preserve the delicate balance between antitrust enforcement and international comity inherent in the Foreign Trade Antitrust Improvements Act, the Seventh Circuit in Motorola Mobility LLC v. AU Optronics Corporation will need to weigh carefully the views of foreign agencies against the U.S. Department of Justice’s interest in prosecuting foreign cartels that harm U.S. consumers, say attorneys with Mayer Brown LLP.
While many of the changes in the latest European Patent Office guidelines reflect the current practice of the EPO’s boards of appeal, they also suggest that the first-instance departments of the EPO may be moving toward a less rigid and formalistic approach to some issues, say Philip Cupitt and Hazel Ford of Finnegan Henderson Farabow Garrett & Dunner LLP.
The Federal Communications Commission's first major case involving data security introduces a potential overlap with the Federal Trade Commission’s jurisdiction — and the risk of dual, and even conflicting, regulation, say Howard Waltzman and Lei Shen of Mayer Brown LLP.
The delay at the U.S. Patent and Trademark Office continues to be quite long, but fortunately the USPTO offers four options that allow most every patent applicant to significantly advance the pace of patent prosecution. While each of these programs has specific requirements for entry, those requirements are within the control of the applicant, say Rory Pheiffer and Lauren Ingegneri of Nutter McClennen & Fish LLP.
Margrethe Vestager inherits the European Commission's competition portfolio from outgoing Spanish Commissioner Joaquin Almunia, whose tenure, while marked with enforcement victories, will leave a bitter pill in the mouths of a number of companies — and their lawyers, say attorneys with Shearman & Sterling LLP.
No consensus has formed regarding which metrics are best to compare, manage and communicate about mission-critical patent programs. We tested a variety of metrics and selected a new system derived entirely from publicly available raw data for all publicly traded companies, even though the raw IP data may be esoteric, awkward and unappreciated generally by management and investors, says Stephen Glazier of Akerman LLP.
The Federal Communications Commission's massive $10 million fine against wireless carriers TerraCom Inc. and YourTel America Inc. appears to extend the FCC definitively into the enforcement of cybersecurity, a realm in which it has not previously taken a major role, say attorneys with Jones Day.
All of the press declaring the “Double Irish Dutch Sandwich” structure a thing of the past as a result of recent Irish finance proposals seems to be a bit overstated. The only thing that has truly changed is the scope of permissible jurisdictions to which management and control may be moved to achieve the desired tax benefits, say Jeffrey Rubinger and Summer Ayers LePree of Bilzin Sumberg Baena Price & Axelrod LLP.
Given the U.S. Supreme Court’s denial of a writ of certiorari in United States v. Esquenazi, it is important to digest the import of the Eleventh Circuit’s opinion and how it will play out in emerging economies. Companies with operations in these markets are at the mercy of a number of factors that weigh heavily in favor of state-owned entities qualifying as “instrumentalities,” say Jim Dowden and Samad Pardesi of Ropes & Gray LLP.
Courts remain largely skeptical about allowing litigants to serve and notify evasive parties of legal proceedings through their social media accounts. A recent split ruling by the Oklahoma Supreme Court shows the competing considerations, say Steven Richard and Britt Killian of Nixon Peabody LLP.