Technology Law360 provides breaking legal news and analysis on the technology industry. Coverage includes litigation, policy developments, and deals involving computer software and hardware manufacturers, major Internet companies, and electronics manufacturers and retailers.
An investor in a bankrupt Illinois information technology company agreed on Thursday to pay the U.S. Securities and Exchange Commission $450,000 after he allegedly aided former top company executives in a fraud scheme to embezzle $4.1 million.
In a partial dissent from a decision handing Google, Apple, AOL and Yahoo a win in a patent infringement suit, a Federal Circuit judge on Friday slammed the U.S. Supreme Court’s 2014 Alice decision, expressing frustration with its definitions of “abstract ideas” and “inventive concepts.”
Facebook Inc. has suspended social media analytics firm Crimson Hexagon from using its platform, it announced Friday, saying it would look into whether the company’s work under contracts with federal agencies and a contract with a firm allegedly tied to the Russian government violate its user data policies.
Boston-based State Street Corp. on Friday said it agreed to buy privately held Charles River Development for $2.6 billion in cash, a deal the bank said will help it provide asset managers and owners with a “global front-to-back platform.”
The National Defense Authorization Act won’t include a U.S. Senate-backed provision that would have barred ZTE Corp. from buying American components, according to a series of public statements issued Friday from a bipartisan group of lawmakers incensed about the turnaround.