A New York federal judge on Monday gutted a $47 million suit accusing a cybersecurity investment firm led by John McAfee of cheating investors out of shares, ruling that the only disputed claim still in contention is whether the firm failed to compensate its early backers.
Defense giant General Dynamics on Tuesday upped its cash takeover offer for CSRA to $9.7 billion, including debt, after CACI International unveiled a competing cash-and-stock bid for the federal IT services provider earlier this week.
Chinese education platform Sunny Education Inc. said Tuesday it raked in $250 million in a Series E funding round led by Singapore’s state-run investment firm Temasek Holdings Private Ltd.
The world of legal technology is quickly evolving, with new products coming to market in rapid succession. Here, Law360 takes a look at four recent developments.
A New York federal judge has given Time Inc. and other publishers the right to file an immediate appeal from a controversial copyright ruling last month over embedded tweets, crediting their claims of “tremendous uncertainty.”
Three years after their initial claims were tossed, a putative class of investors accusing BlackBerry Ltd. of inflating the value of its stock by hiding poor performance of its Z10 smartphone saw their suit revived after a New York federal judge halted a dismissal attempt of their newly amended complaint, finding Monday that important information had emerged.
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.
Charter Communications Inc. Monday sought a quick win in its suit over cable television franchise permit payments, telling a Texas federal judge the permits were clearly expired and unenforceable when it paid more than $12 million in royalties on the permits to a Texas family.
An ex-Autonomy Corp. executive who cut a deal with the government to testify against his former boss told a California federal jury Monday that the British company’s ex-chief financial officer approved sales tactics that misled investors about Autonomy’s worth ahead of its $11 billion acquisition by Hewlett-Packard Co.
Following a rebuke from the Federal Circuit, Judge Rodney Gilstrap of the Eastern District of Texas has awarded Newegg Inc. $565,000 in attorneys' fees for the online retailer's victory in a patent suit brought by a nonpracticing entity.
Facebook’s continued insistence Monday that it wasn’t a “data breach” when an analytics firm mined private data on millions of unwitting Americans to create detailed voter profiles won’t get the social network off the hook with federal authorities, ex-regulators say.
A Delaware Chancery judge refused on Monday to toss stockholders' challenge to Oracle Corp.'s $9.3 billion acquisition of NetSuite Inc., finding there are enough potential conflicts between Oracle's directors and its founder Larry Ellison, who also controls NetSuite, that the investors didn’t have to take their legal challenge to the board before suing.
Honeywell International Inc. never promised ongoing technical support to a security surveillance provider for the integration of closed-circuit video monitoring systems into more digitally oriented products, making a $22 million suit against the technology giant baseless, according to a response filed Monday in Pennsylvania federal court.
Akin Gump Strauss Hauer & Feld LLP has agreed to take up the defense of a computer analyst charged with trading on confidential merger information gleaned from a former Bank of America executive pro bono, according to notices filed Friday in New York federal court.
WeWork reportedly leased 55,000 square feet in Hong Kong, Amazon executives are said to be traveling to Chicago later this week to discuss a possible second headquarters in the Windy City, and Citi is said to have loaned $28 million for a recent retail purchase in Orlando.
Maxell asked a Texas federal judge on Friday to sanction Huawei in a patent case over smartphones, alleging that Huawei’s “complete disregard” for its discovery obligations and court orders has “reached new heights.”
A year after President Donald Trump withdrew the U.S. from the Trans-Pacific Partnership, the remaining TPP countries recently signed a revised agreement among themselves, and U.S. exporters may pay a heavy price. Now is the time for industries with the most to lose to push for a U.S. return to the TPP, says Christopher Corr of White & Case LLP.
While the D.C. Circuit's recent decision in ACA International v. Federal Communications Commission did not define the term "autodialer," it clarified what it is not. How the FCC may further clarify the definition remains to be seen, but the ruling should provide clearer guidance to companies seeking to remain compliant with the Telephone Consumer Protection Act, says attorneys with Perkins Coie LLP.
The U.S. Securities and Exchange Commission’s recent action against Credit Karma — the first enforcement action to result from a sweeping investigation that began in 2016 — reinforces comments from various SEC leaders that the agency is concerned about option-granting practices of late-stage private companies. It also demonstrates the SEC’s continued interest in Silicon Valley companies' governance procedures, say Michael Dicke and... (continued)
It is unusual for the Committee on Foreign Investment in the United States to delay the election of a public company’s board of directors based on the potential that those directors may approve a future transaction. But it is not so surprising that CFIUS acted to protect critical U.S. network infrastructure from a foreign buyer, say attorneys with Sheppard Mullin Richter & Hampton LLP.
Three Federal Circuit decisions on subject matter eligibility conflict with U.S. Patent and Trademark Office guidance. A recently filed petition for rehearing en banc, if granted, may afford the full court an opportunity to clarify the role of factual evidence in eligibility determinations, say Daniel Venglarik and Neil Ferrari of Munck Wilson Mandala LLP.
Just last month, a number of legal groups asked the Northern District of California to strike its rule requiring that, before seeking federal court admission, attorneys first be licensed by the state of California. It is irrational to exclude seasoned federal practitioners from general admission due to state bar approval while allowing raw state lawyers who have never been inside a federal courtroom, says attorney EJ Hurst.
When negotiating leases for office space, technology companies should pay particular attention to use and operations issues like permitted use provisions, density limits and building services and amenities, says Daniel Suckerman of Lowenstein Sandler LLP.
Many of the most discussed provisions in the Tax Cuts and Jobs Act have particular significance for the technology industry, affecting companies’ choices about entity classification, where they do business and hold assets, and the manner in which they receive or make investments. Michele Alexander and Ryan Davis of Bracewell LLP discuss the options.
Proposed amendments to the Federal Rules of Civil Procedure Rule 23, which governs class actions, are set to take effect on Dec. 1, 2018, pending approval. The amendments would significantly alter class action litigation procedure from notice to settlement, says Niki Mendoza of Garden City Group LLC.
Last month, U.S. House of Representatives Foreign Affairs Committee Chairman Ed Royce, R-Calif., introduced the Export Control Reform Act of 2018, which could have a significant impact on restricting access to U.S. technology, even within the United States. Companies should be aware that the act would increase compliance complexity and heighten enforcement risk, say attorneys with Kirkland & Ellis LLP.