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.
Hospitality giants such Hyatt Hotels Corp., Hilton Worldwide Holdings Inc., Marriott International Inc. and Wyndham Worldwide Corp. were named in a class action Monday, alleging the companies are engaged in an anti-competitive agreement to not advertise against each other via Google and other search engine-generated results.
Chinese video-streaming giant iQiyi Inc. has launched an estimated $2.3 billion initial public offering, leading six companies that set price ranges on Friday and Monday for IPOs estimated to raise nearly $3.1 billion combined and hit the market later this month.
Two law firms are battling it out in New York bankruptcy court to see who will lead a proposed class action against Westinghouse Electric on behalf of workers laid off on short notice, with both firms trading barbs and beating their chests in an attempt to muscle out the competition.
Weil Gotshal & Manges LLP represented Fidelity National Financial Inc. in connection with its $1.2 billion acquisition of Davis Polk & Wardwell LLP-counseled global real estate services company Stewart Information Services Corp., a matter the firms announced on Monday.
A citizens group urged a California appeals court Monday to revive its suit contending Apple, Google, Samsung and Microsoft must warn consumers about the dangers of using smartphones while driving, but found little traction for the proposition that companies are responsible for warning against illegal use of their products.