Technology

  • February 24, 2020

    IRS Says Goldman's $50B Facebook Valuation Boosts Tax Suit

    The Internal Revenue Service on Monday highlighted Goldman Sachs’ $50 billion valuation of Facebook in a bench trial Monday over multibillion-dollar adjustments to Facebook’s 2010 taxes, as the company's former chief financial officer testified that Facebook struggled financially at the time.

  • February 24, 2020

    Amazon Says Apple Security-Line Pay Ruling Doesn't Apply

    The California Supreme Court’s ruling that Apple workers are owed pay for time they spend in security lines doesn’t mean Amazon must pay a class of warehouse workers, the company has told the Sixth Circuit, which is hearing appeals from a Kentucky federal case bringing together similar suits from several states.

  • February 24, 2020

    Lyft Loses Fee Bid In Axed Ride-Hailing IP Infringement Suit

    A California federal judge denied Lyft's motion for attorney fees in dismissed litigation accusing it of infringing RideApp Inc.’s ride-sharing patent, ruling Monday that RideApp’s decision to sue was not exceptional even though the Patent Trial and Appeal Board previously determined its patent’s claims were likely invalid as indefinite.

  • February 24, 2020

    Canada's Privacy Watchdogs To Probe Facial Recognition Co.

    Canadian privacy regulators have launched an investigation into facial recognition company Clearview AI, seeking to examine whether the controversial startup has breached local privacy law by building a photo database the company claims can help law enforcement solve crimes.

  • February 24, 2020

    MGM Glossed Over Breach Of 10.6M Guests' Data, Suit Says

    MGM Resorts International failed to implement industry-standard data security measures that could have prevented a data breach last summer that compromised 10.6 million guests' personal information and that the hotel and casino giant tried to downplay, according to a putative class action filed Friday in Nevada federal court. 

  • February 24, 2020

    Cooley, Paul Hastings Guide Cornerstone's $1.4B Saba Buy

    Cooley LLP and Paul Hastings LLP are guiding human resources businesses Cornerstone OnDemand Inc. and Saba Software Inc., respectively, in an agreement announced Monday for Cornerstone to buy Saba for $1.4 billion.

  • February 24, 2020

    Crypto-Focused Bank Looks To Wyoming Charter To Launch

    Avanti Financial Group announced Monday its intention to introduce a Wyoming-based bank to provide services focused on digital assets with support from Bitcoin and blockchain infrastructure company Blockstream.

  • February 24, 2020

    House Dem Plans Bill To Crack Down On False Online Ads

    Online giants could be sued for “demonstrably false” political advertising under legislation that a key House Democrat on antitrust issues said Monday he was poised to file.

  • February 24, 2020

    USPTO Faults Co. For Not Requesting IPR Redo After Arthrex

    North Star Innovations Inc. waived its right to get a rehearing under Arthrex by not asking the Patent Trial and Appeal Board for one after the Federal Circuit’s explosive decision, the U.S. Patent and Trademark Office has told the appeals court.

  • February 24, 2020

    PTAB Axes Mobile Tech Patent Allegedly Infringed By Apple

    The Patent Trial and Appeal Board invalidated nine claims in an Inventergy affiliate's mobile technology patent, finding that Apple had shown it would have been obvious to modify existing technology to arrive at the claimed invention.

  • February 24, 2020

    Real Estate Rumors: CBS, Apple, Centennial Bank

    CBS is reportedly hoping to sell its New York City headquarters for more than $1 billion, Apple is said to be taking 220,000 square feet in Manhattan, and Centennial Bank has reportedly loaned $10.38 million for a Florida self-storage and retail project.

  • February 24, 2020

    Alleged Troll Sues Uber Using Newly Offloaded IBM Patents

    An alleged patent troll has accused Uber of infringing four patents that IBM sold off just before joining an organization aimed at fighting such companies.

  • February 24, 2020

    FCC Eyes Taking Ownership Limit Row To High Court

    A top official at the Federal Communications Commission said Monday the government is giving "serious consideration" to asking the U.S. Supreme Court to step in and resolve the agency's long-running battle with a Third Circuit panel over relaxing local media ownership rules.

  • February 24, 2020

    Ex-Chainalysis Counsel To Oversee FinCEN Digital Innovation

    A former Financial Crimes Enforcement Network executive is returning to oversee the agency's engagement with emerging technology and financial innovation as its deputy director and first digital innovation officer, the bureau said.

  • February 24, 2020

    High Court Won't Review Satellite Co.'s $1M Award Fight

    The U.S. Supreme Court on Monday rejected a South Korean communications provider's request to review $1.04 million in arbitral awards in favor of a China-based company over a satellite deal the South Korean government voided.

  • February 24, 2020

    Panasonic, Sanyo Reach $45M Deal To Duck Capacitor Suit

    Panasonic Corp. and its subsidiary Sanyo Electric Co. Ltd. said Friday they have reached a $45 million agreement to resolve antitrust litigation in California federal court accusing the electronics parts manufacturers and several others of conspiring to raise the price of capacitors.

  • February 24, 2020

    Justices Won't Review Apple's $439M Loss, 3 Other IP Cases

    The U.S. Supreme Court turned away four intellectual property cases on Monday, including Apple’s appeal of a $439 million judgment in its dispute with VirnetX and Cisco's bid to overturn a $24 million verdict by invoking the court's Alice decision.

  • February 24, 2020

    High Court Won't Take Fidelity Brokerage Immunity Case

    The U.S. Supreme Court on Monday declined to review a First Circuit decision holding that financial institutions such as Fidelity enjoy absolute immunity under federal law when they report suspicious trades to regulators.

  • February 24, 2020

    CMS, Wilson Sonsini-Led Companies Get SoftBank Backing

    SoftBank’s Vision Fund 2 invested $100 million in CMS-steered data platform Behavox and participated in a $165 million funding round for Wilson Sonsini-guided life sciences company Karius, according to the startups’ Monday announcements.

  • February 24, 2020

    M33 Growth Grabs $260M For 2nd Investment Fund

    M33 Growth has clinched its second fund after raising $260 million from limited partners, with plans to target investments in sectors including software and health care, the Boston-based firm said Monday.

  • February 21, 2020

    Facebook Execs Blame Google For 2010 Struggles In Tax Trial

    Two top Facebook executives testified during a bench trial Friday that the social media giant struggled to compete with Google in 2010, when the IRS claims it undervalued its intangible property by billions, contributing to Facebook's revenue shortfall three years later.

  • February 21, 2020

    Telescope Co. Wants Damages-Socked Rival To Keep Dealing

    A Chinese telescope maker should be required to keep dealing with its rivals on good terms after it was hit with nearly $50 million in damages for conspiring against them to divvy up the U.S. market, one of those competitors told a California federal court.

  • February 21, 2020

    Privacy Framework Faces Uphill Climb To Universal Adoption

    A new government-created privacy framework has the potential to be a valuable tool for companies grappling with growing privacy obligations around the world, but whether it will evolve into a widely accepted gold standard hinges on how regulators and vendors respond to the offering. 

  • February 21, 2020

    Uber Must Face $1B Trade Secrets Suit, Jury Finds

    Uber must face a $1 billion trade secrets lawsuit after a San Francisco jury handed down a verdict Friday finding that an inventor timely brought his claim that the ride-hailing giant and its founder stole his business concept.

  • February 21, 2020

    Record Labels Object To Charter's Consultant In Piracy Case

    Record labels have asked a Colorado federal judge to restrict a lawyer’s involvement in a copyright lawsuit against Charter Communications, saying one of the cable company’s consultants used to be a senior legal executive for EMI Music, one of the labels suing Charter.

Expert Analysis

  • Updating The EU Product Liability Directive For The Digital Era

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    As the European Union considers adapting its product liability law for the era of artificial intelligence and self-driving cars, a shift toward making manufacturers prove that their products are compliant could lead to more litigation and a fear of innovation, rather than more product offerings and real protection for consumers, says Sylvie Gallage-Alwis of Signature Litigation.

  • Courts May Clash With Litigants Over Document Review Tech

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    As courts increasingly accept technology-assisted document review, some are bordering on forcing parties to employ TAR, in which case attorneys may need to step in if their clients prefer other processes, say Donna Fisher and Matthew Hamilton at Pepper Hamilton.

  • Latest IPR Trends Mostly Favor Patent Owners

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    Recent encouraging trends for patent owners in the district courts and U.S. Patent and Trademark Office include a broad application of inter partes review estoppel and the allowance of noninstitution decisions as trial evidence, although some issues remain unresolved, say Kevin Schubert and Brett Cooper at McKool Smith.

  • Del. Uber Ruling Reinforces High Bar To Prove Director Bias

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    The Delaware Supreme Court's recent dismissal of a stockholder action alleging conflicts among Uber's board demonstrates how unlikely it is that independent directors would be held personally liable for fiduciary breaches, say attorneys at Fried Frank.

  • What DHS Report Means For Counterfeits In E-Commerce

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    The protectionist policy initiative the U.S. Department of Homeland Security published following the U.S.-China trade deal should be welcomed by brands, because it shifts the responsibility to e-commerce platforms for policing, monitoring and penalizing intellectual property-counterfeiting activities, says Chloe Lee of Incopro.

  • TikTok Investigation Should Prompt More Data Transparency

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    The U.S. national security investigation into the Chinese-owned TikTok app serves as a reminder that social media platforms need to establish clear privacy notices to explain how users' personal data will be used and stored, particularly in cross-border applications, say Craig Giles and Zahra Deera of Bird & Bird.

  • 5 Complications That Can Derail A Class Action Settlement

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    As courts increase scrutiny of class action settlement agreements, approval hinges on avoiding common mistakes, such as inadequate forms of notice, lack of Article III standing and irrelevant cy pres recipients, say attorneys at Troutman Sanders.

  • Rebuttal

    AI Can't Accurately Predict Case Length And Cost — Yet

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    A recent Law360 guest article argued that artificial intelligence can precisely estimate the length and cost of a new case, but several limitations will likely delay truly accurate predictions for years to come, says Andrew Russell at Shaw Keller.

  • Opinion

    High Court Should Not Abet Google's Efficient IP Infringement

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    ​​​​​​​A U.S. Supreme Court ruling in favor of Google in its copyright infringement battle with Oracle would vindicate the search engine’s ruthless economic calculus, encourage IP abuse and dissuade future victims from bringing challenges, says James Skyles of Skyles Law Group.

  • Boardroom Hot Topics: ESG, Purpose And Stakeholders

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    Public company boards of directors should recognize environmental, social and governance issues as a growing priority for investors, identify the purpose of their corporation, and consider focusing on a broader set of stakeholders, say Valeska Pederson Hintz and James O'Grady at Lowenstein Sandler.

  • Key Trade Secrets Developments Of 2019: Part 2

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    Last year brought significant news in U.S. trade secret law, including the U.S. Department of Justice’s continued enforcement of its China initiative and further development of the inevitable disclosure doctrine under the Defend Trade Secrets Act, say attorneys at Faegre Drinker.

  • Europe's New 'Right To Repair': Key Points For Manufacturers

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    The European Union’s new repairability standards, set to affect many household electronic appliances as soon as April, will be challenging to manufacturers because they are outcome-based, and not just specification-driven — but this may be the new model of environmental product compliance, says Jonathan Cocker of Baker McKenzie.

  • Peloton Suit Shows Sync Licensing Is Next Copyright Horizon

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    A New York federal court's recent decision that the publishers' refusal to license music did not violate antitrust law in Downtown Music Publishing v. Peloton demonstrates that innovators cannot rely on a blanket public performance license and that copyright law is in need of reform, says Sekou Campbell of Culhane Meadows.

  • Airbnb Model Sheds Light On Tech Co. Tax Issues In UK

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    A look at Airbnb's tax structures, which are being investigated by HM Revenue & Customs, provides insight into whether multinational tech companies trade through permanent establishments in the U.K., and should be taxed accordingly, says Zoe Wyatt at Andersen Tax.

  • BIPA May Apply To Clearview AI's Creation Of Biometric Data

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    The resolution of recent cases in which IBM and Clearview AI created facial geometries from photographs they obtained from social media will show the extent to which the Illinois Biometric Information Privacy Act applies to these new technologies and uses of biometric data outside Illinois, say Al Fowerbaugh and Karen Borg of Porter Wright.

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