The former CEO of a fiber optics company that was bought by Corning Inc. last year was criminally charged and sued by the U.S. Securities and Exchange Commission on Wednesday for allegedly using insider information and secret brokerage accounts to make $2 million.
The world’s largest computer companies have called for a global response to the threats that botnets poise to federal networks and other critical infrastructure, arguing that targets vulnerable to hacking threaten the entire digital ecosystem, the federal agency advising the president on telecommunication policies said.
A New York federal judge gave European investment firm KBC Asset Management NV and its lawyers at Motley Rice LLC the green light on Tuesday to lead a proposed securities fraud class action against cloud computing company Rackspace Hosting Inc.
System1, a Venice, California-based digital marketing company that provides businesses with targeted internet advertising services, has raked in $270 million from a group of investors led by private equity firm Court Square Capital Partners, according to a statement on Wednesday.
Toshiba said Wednesday it will sell its memory business to a consortium led by Boston-based Bain Capital for about 2 trillion yen ($17.9 billion) in an effort to forge a turnaround, a major step in a turbulent sales process steeped in litigation with the Japanese company’s joint venture partner.
Blue Coat Systems Inc. and Palo Alto Networks Inc. asked the Federal Circuit to rethink a Patent Trial and Appeal Board ruling upholding a Finjan Inc. malware detection patent asserted against them, arguing that it had misinterpreted prior art.
The Ninth Circuit denied a request to stop a California federal judge from sending out notice of Lichten & Liss-Riordan PC’s allegedly improper communications with a class of Uber drivers who say they’ve been misclassified as independent contractors, hours after a brief claimed Uber was using confidentiality and sanctions as its “newest litigation tactic.”
Federal prosecutors told a California federal court on Monday that the former head of South Korea’s government-funded earthquake research program who was convicted of laundering bribery proceeds in the United States should be sentenced to nearly five years in prison, pushing back on his bid for a much shorter prison stay.
A man who posed on dating sites as a millionaire to elicit confidential financial information and steal victims' identities has pled guilty to two counts, New York federal prosecutors said Tuesday.
Facebook users told the Ninth Circuit on Monday that a California district court erred in tossing their proposed class action, because they did not consent to the social media giant’s gathering of their browsing data from several health websites.
Internet advocates urged lawmakers to reconsider a controversial anti-sex trafficking bill that would hold tech companies accountable for not doing enough to combat child sex trafficking facilitation on their sites, arguing that it would stifle innovation, in a Senate hearing Tuesday.
AOL Inc. attorneys argued Tuesday for a 10.3 percent lower payment to stockholders who challenged the $50 per share terms of AOL’s sale to Verizon Communications Inc. in 2015, during a final round of arguments in a Delaware Chancery Court stock appraisal case.
Government prosecutors and privacy experts told their colleagues Tuesday that increased searches of electronic devices at the border have left the law lagging behind law enforcement practices, and searches prohibited today may become permissible tomorrow as consumers become more accustomed to divulging sensitive personal information.
The Second Circuit on Tuesday upheld a judgment that Beazley Insurance doesn't have to cover a video surveillance company's settlement with a business partner over lapsed payments, saying an exclusion in Beazley's directors and officers policy bars coverage because the partner's executive was also a director of the insured company.
A mobile advertising company duped Uber Technologies Inc. out of more than $82.5 million by doctoring data to inflate the success of its ad campaign, the ride hailing company alleged Monday in California federal court.
Troutman Sanders LLP has hired two Mintz Levin attorneys who have represented tech and life sciences companies in a range of disputes involving data breaches, intellectual property rights and fiduciary rights for its business litigation practice in San Diego as a part of the firm’s efforts to bolster its presence on the West Coast, Troutman Sanders said Monday.
The National Venture Capital Association filed a lawsuit Tuesday alleging the U.S. Department of Homeland Security and U.S. Citizenship and Immigration Services failed to follow proper procedures when they delayed a rule that would have allowed foreign entrepreneurs to live in the U.S. just a week before it was set to take hold.
The president of a California company that built electric vehicle charging stations should spend four to five years in prison for defrauding local and state governments out of grant funds, prosecutors told an Illinois federal judge on Monday, describing the scheme as “calculated and sustained.”
A New York federal judge Tuesday pushed back the looming fraud trial of now-defunct video technology firm KIT Digital Inc.'s ex-CEO, blaming both sides for the confusion over documents stored on a laptop that was glancingly disclosed to the defense, which in turn never responded to an offer to examine it.
A company touting itself as the world's largest gift card marketplace on Tuesday said it raised $60 million in a Series C funding round thanks to investments from PayPal and venture capital firms Accel, Bessemer Venture Partners and New Enterprise Associates, bringing its total capital to more than $147 million.
Imagine going to a restaurant and ordering your steak medium-rare. The steak arrives burned. You expect the kitchen to bring you another one properly done, right? And you don’t expect to pay for two steaks, do you? Paying a vendor for document review should be no different, says Lisa Prowse, an attorney and vice president at Business Intelligence Associates Inc.
When touting highly automated vehicles, original equipment manufacturers frequently cite the safety benefits. Michael Nelson and Trevor Satnick of Eversheds Sutherland explore how OEMs consider setting their baseline safety metrics for HAVs to determine whether the early adoption of these vehicles is truly as safe a choice as the automotive community claims.
The cause of British Airways' estimated £80 million information technology failure in May 2017 was human error, but human error outsourced. These kinds of disasters bring into sharp relief the exposures that may trip up even the most well-intentioned outsourcing arrangements, say James Meadows and Heather Clauson Haughian of Culhane Meadows PLLC.
Although presidential intervention to block a planned acquisition is relatively rare, President Donald Trump’s executive order last week blocking Canyon from acquiring Lattice was not especially surprising in light of recent precedent, the cautious approach of the Committee on Foreign Investment in the United States, and public statements by the Trump administration regarding China, say attorneys with Ropes & Gray LLP.
Unfortunately, heightened awareness of third-party cyberrisk and the urgency of identifying third-party activity has not fully extended to the consumer-facing digital assets — websites, mobile applications, social media — that form the backbone of modern business-to-consumer communications, says Chris Olson, CEO of The Media Trust.
In order to deliver the fast lending experience that today's consumers want, the strategic partnerships in a point-of-sale loan program must be carefully negotiated and crafted to arrive at an approach that complies with consumer loan regulations and other laws. In addition, these partnerships must allow for critical "behind the scenes" sharing and coordination, says David Bright of Holland & Knight LLP.
Brick-and-mortar retailers and other property-level businesses have increasingly taken advantage of technology in learning about consumer behavior. But security breaches of consumer information have led to government investigations and multimillion-dollar settlements. Businesses should incorporate privacy principles at every stage of the development of data tracking and collection programs, say attorneys with King & Spalding LLP.
Although software and business method patents have recently come under fire, there are valid approaches to successfully preparing and prosecuting these applications in the current environment, say Matthew Grady and Ed Russavage of Wolf Greenfield & Sacks PC.
Following the radical changes brought by advances in internet of things technology, the health care industry must take both immediate micro steps and larger macro steps to protect its patients from cyberrisks, say John Gilligan and Kimberly Metzger of Ice Miller LLP.
The slow pace of cyber acquisitions constitutes a significant vulnerability. Congress has relieved some of the U.S. Department of Defense's regulatory burden in the past two years, but the streamlining efforts do not go nearly far enough to deter our enemies, says Daniel Schoeni, a judge advocate with the U.S. Air Force.