Technology

  • September 20, 2017

    Ex-Fiber Optics Boss Accused Of $2M Insider Trading Scheme

    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.

  • September 20, 2017

    Global Cos. Say Internet Of Things Botnets Threaten All

    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.

  • September 20, 2017

    KBC, Motley Rice To Lead Cloud Computing Co. Investor Suit

    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.

  • September 20, 2017

    Court Square Leads $270M Digital Marketing Co. Investment

    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.

  • September 20, 2017

    Toshiba Inks $17.9B Memory Sale To Bain-Led Group

    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. 

  • September 19, 2017

    Fed Circ. Asked To Nix Finjan Cybersecurity Patents

    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.

  • September 19, 2017

    Firm Loses Bid To Block Sanction Of Emails To Uber Drivers

    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.”

  • September 19, 2017

    Feds Want 5 Years For Money-Laundering Korean Scientist

    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.

  • September 19, 2017

    Online Dating Scammer Pleads Guilty To Fraud

    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.

  • September 19, 2017

    Facebook Users Urge 9th Circ. To Revive Privacy Claims

    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.

  • September 19, 2017

    Free Internet Advocates Criticize Sex Trafficking Bill

    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.

  • September 19, 2017

    AOL Seeks 10.3% Share Price Trim In Verizon Merger Suit

    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.

  • September 19, 2017

    Attys Warn Of Shifting Electronic Searches At Borders

    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.

  • September 19, 2017

    2nd Circ. Affirms Tech Co.'s D&O Coverage Loss

    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.

  • September 19, 2017

    Uber Says Mobile Ad Co. Took It For An $83M Ride

    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.

  • September 19, 2017

    Troutman Sanders Nabs Mintz Levin Litigators In Calif.

    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.

  • September 19, 2017

    VC Group Sues Over Delay Of Entrepreneur Immigration Rule

    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.

  • September 19, 2017

    Prosecutors Seek 5-Year Fraud Sentence For Ex-Tech Exec

    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.”

  • September 19, 2017

    KIT Fraud Suspect's Trial Delayed To Review Late Laptop Docs

    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.

  • September 19, 2017

    Mobile Payments Co. Cashes In On $60M In Series C Funding

    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.

Expert Analysis

  • 'Per-Doc' Pricing Can Improve Document Review

    file folder

    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.

  • Balancing Safety And Innovation In Automated Vehicles

    Michael Nelson

    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.

  • 4 Steps To A Successful Outsourcing Contract

    James Meadows

    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.

  • CFIUS Continues To Present Obstacle To Chinese Acquisitions

    Brendan Hanifin

    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.

  • Managing Digital Vendor Risk — The Next Compliance Frontier

    Chris Olson

    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.

  • Fast And Frictionless: Key Legal Issues In POS Loans

    David Bright

    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.

  • Risks And Rules For Data Collection At Retail Properties

    Daniel Ray

    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.

  • Finding Eligible Subject Matter For Business Methods

    Matthew Grady

    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.

  • Large And Small Cyberrisk Solutions For Health Care Cos.

    John Gilligan

    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.

  • Opinion

    Congress Must Do More To Speed Up DOD Cyber Acquisitions

    Daniel Schoeni

    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.