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Technology
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March 05, 2024
Voyager Creditors Have Left $19M Of Checks Uncashed
The wind-down administrator for defunct cryptocurrency brokerage Voyager Digital Holdings Inc. has told a New York bankruptcy judge that $19 million worth of checks sent to creditors were still unclaimed, setting an April 20 deadline to cash the checks or lose out on recovery for good.
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March 05, 2024
Technology Group Of The Year: Orrick
Orrick Herrington & Sutcliffe LLP attorneys advised artificial intelligence companies including MosaicML and Casetext on multibillion-dollar sales and venture capital financings while leading Sonos' ongoing patent infringement fight against Google over the last year, cementing their place among Law360's 2023 Technology Practice Groups of the Year.
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March 05, 2024
Carrier Inks $1.4B Fire Biz Deal As Part Of Strategic Exit Plan
Carrier Global Corp. said Tuesday it has struck an agreement to sell its industrial fire business to Sentinel Capital Partners for $1.425 billion, the latest step in the company's strategic plan to sell off certain business units and focus on its core ventilation business.
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March 04, 2024
Corporate Transparency Act Unconstitutional, Ala. Judge Says
An Alabama federal judge has found that the Corporate Transparency Act is unconstitutional, dealing a blow to proponents of the anti-money laundering law, who anticipate the ruling will be appealed to the Eleventh Circuit.
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March 04, 2024
Pearson Can't Escape Facebook Data-Sharing Privacy Suit
A New York federal judge on Friday refused to toss a proposed class action against online education company Pearson Education Inc. alleging it illegally shared subscribers' personal information with Meta Platforms Inc., saying the plaintiff sufficiently alleges Pearson disclosed his video viewing history to Facebook.
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March 04, 2024
Meta Asks Justices To Review Investors' Data Scandal Suit
Investors' claims over the Cambridge Analytica data abuse scandal should not be given new life, Meta Platforms told the U.S. Supreme Court on Monday, asking the justices to review the Ninth Circuit's adoption of "extreme outlier positions" that will "light a beacon" for similar actions that would be dismissed elsewhere.
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March 04, 2024
USPTO Can't See Snapchat 'Spectacles' IP Win Ahead Of Trial
A California federal magistrate judge rejected Monday the U.S. Patent and Trademark Office's bid for a summary judgment win in a lawsuit by Snapchat's parent company seeking to secure trademark rights to the word "Spectacles" for its flagship virtual-reality product, sending the intellectual property dispute to a March 12 bench trial.
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March 04, 2024
Apple Inks Deal To End Derivative Suit Over Slow IPhones
Apple investors are urging a California federal judge to approve a noncash settlement of their derivative shareholder suit claiming the tech giant's top brass secretly slowed older iPhones, saying the deal will bring needed board committee reforms and notify consumers about battery options when their phones' performance degrades.
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March 04, 2024
Ex-Google Employee Says Sanctions Bid Is Just Spiteful
A former Google LLC employee who accuses the tech giant of age and gender discrimination told a Texas federal judge Friday his former employer filed a cross-motion for sanctions out of spite and was pursuing sanctions for purely tactical reasons.
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March 04, 2024
No 'Major Questions' Dispute In Net Neutrality, FCC Told
Despite what Republicans say, the FCC's decision to resurrect Obama-era net neutrality rules that were thrown out by former President Donald Trump's administration does not trigger the major questions doctrine, open internet advocate Public Knowledge told the agency recently.
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March 04, 2024
Advocacy Group Pushes FCC For Hearing On Fox License
The FCC should order Fox Television Stations to turn over the documents that an advocacy group says it needs to build its case that the company's Philadelphia affiliate should lose its license for hawking election conspiracy theories, that group told the agency.
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March 04, 2024
Snapchat Lures Victims As Bitmoji 'Co-Publisher,' Suit Says
Two weeks after a state court judge shredded the case, two parents and a minor renewed a lawsuit against Snapchat alleging the girl was sexually assaulted by two men she met online, arguing that their case targets the platform's own cartoon-like content and not third-party posts falling under federal immunity law.
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March 04, 2024
OpenAI Judge Denies Writers' Calif. IP Case 'First-To-File' Bid
A California federal judge ruled Friday that a group of authors suing OpenAI for alleged copyright infringement cannot bar the Microsoft-backed company from defending itself against a similar suit in New York federal court, saying the plaintiffs' argument that the artificial intelligence startup engaged in forum shopping "holds no sway."
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March 04, 2024
Musk Fired Twitter Execs To Avoid $200M Bill, Suit Says
Elon Musk fired four top Twitter executives just minutes after he closed on his deal to buy the company, now called X Corp., to avoid paying them $200 million in severance benefits, they told a California federal court Monday.
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March 04, 2024
DOJ Worried Binance Founder's Travel May 'Become An Issue'
Binance founder Changpeng Zhao should have to notify the government of any travel as he awaits sentencing, prosecutors have said, telling a federal court in Washington they remain concerned he could be a flight risk.
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March 04, 2024
Feds Urged Not To Let Mobile Cos. 'Centralize' Airwaves
Mobile networks should not be allowed to amass so much of the airwaves that they inadvertently crowd out national security technologies or sideline shared spectrum models, a group of experts told the U.S. Commerce Department.
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March 04, 2024
8 Banks Targeted In ATM Patent Campaign
A patent-holding company has accused JPMorgan Chase Bank NA and other banks of infringing a pair of patents covering things like ATM circuitry memory.
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March 04, 2024
FCC Inks Anti-Scam Partnership With UK Counterpart
The Federal Communications Commission said Monday it will work formally with its U.K. counterpart to combat scam robocalls and robotexts, an announcement that came days after reaching a similar agreement with Britain's data privacy enforcer.
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March 04, 2024
Auto Repair Website's Indicted VP Wants Co. To Pay Legal Bill
The former finance vice president of RepairPal is suing the auto repair website in Delaware Chancery Court for an advancement of legal fees to help him fight accusations he directed $2.7 million in bonuses and extra pay to himself, saying the company is contractually obligated to foot the bill.
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March 04, 2024
Regal Cinemas Must Face Ex-Worker's BIPA Suit
Regal Cinemas can't ditch a lawsuit alleging the movie theater chain violated a worker's rights under Illinois' biometric privacy law by collecting fingerprint scans without informed consent, an Illinois federal judge ruled Friday, rejecting the company's argument the plaintiff needed to show it was negligent, recklessness or intentional in its data collection.
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March 04, 2024
Deported Man Seeks Mass. Justices' OK For Remote Retrial
A man deported to the Dominican Republic due to convictions that were later vacated asked Massachusetts' high court on Monday for permission to join the government's retrial of the same charges via videoconference because there's no legal way for him to attend the trial physically.
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March 04, 2024
Catching Up With Delaware's Chancery Court
A Swedish music producer's takeover, a proposed award payable in Tesla shares, Truth Social stock squabbles, and an unusually blunt slap-down from the bench added up to an especially colorful week in Delaware's famous court of equity. On top of that came new cases about alleged power struggles, board entrenchment, consumer schemes and merger disputes.
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March 04, 2024
Storage Users Accuse Apple Of ICloud Monopoly
A California iPhone buyer is bringing a proposed class action claiming that the limits Apple places on third-party cloud storage services violate anti-tying laws and drive up prices through an illegal monopoly.
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March 04, 2024
Simpson Thacher Adds Paul Hastings M&A Deal-Maker In LA
Simpson Thacher is expanding its corporate team, announcing Monday it is bringing in a Paul Hastings mergers and acquisitions expert as a partner in its Los Angeles office.
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March 04, 2024
Gilstrap Backs Trial In Samsung, Ex-Attys' Trade Secret Fight
Chief U.S. District Judge Rodney Gilstrap has signed off on a magistrate judge's recommendation to send a Texas trade secrets fight between Samsung and two tech companies operated by former Samsung attorneys to court, denying bids for an early win brought by counterclaim defendants Staton Techiya and Synergy IP.
Expert Analysis
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The Case For Post-Bar Clerk Training Programs At Law Firms
In today's competitive legal hiring market, an intentionally designed training program for law school graduates awaiting bar admission can be an effective way of creating a pipeline of qualified candidates, says Brent Daub at Gilson Daub.
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SEC Whistleblower Action Spotlights Risks For Private Cos.
The U.S. Securities and Exchange Commission’s recent whistleblower action against Monolith Resources holds important implications for private companies, who could face unprecedented regulatory scrutiny amid the agency's efforts to beef up environmental, social and governance reporting and enforcement, say attorneys at Wiley.
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Attorneys Have An Ethical Duty To Protect The Judiciary
The tenor of public disagreement and debate has become increasingly hostile against judges, and though the legislative branch is trying to ameliorate this safety gap, lawyers have a moral imperative and professional requirement to stand with judges in defusing attacks against them and their rulings, says Deborah Winokur at Cozen O'Connor.
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Best Practices For Defense Tech Startup Financing
Navigating the expanding and highly regulated defense technology sector requires careful planning and execution, starting at incorporation, so startups should prepare for foreign investor issues, choose their funding wisely and manage their funds carefully, say attorneys at WilmerHale.
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When Courts Engage In Fact-Finding At The Pleading Stage
It remains to be seen whether the Ninth Circuit's pleading-stage factual determination in a securities class action against Nvidia was sui generis or part of a trend, but the court has created a template for district courts to follow, says Jared Kopel at Alto Litigation.
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AI Can Help Lawyers Overcome The Programming Barrier
Legal professionals without programming expertise can use generative artificial intelligence to harness the power of automation and other technology solutions to streamline their work, without the steep learning curve traditionally associated with coding, says George Zalepa at Greenberg Traurig.
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Cos. Must Adapt To Calif. Immigration Data Privacy Law
California’s recently signed A.B. 947 expands the California Consumer Privacy Act and brings the state in line with other comprehensive privacy laws that address immigration status, meaning companies should make any necessary updates to their processes and disclosures, say Kate Lucente and Matt Dhaiti at DLA Piper.
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How AI 'Cultural Fit' Assessments Can Be Analyzed For Bias
Attorneys at Sanford Heisler explore how the use of artificial intelligence to assess workplace cultural fit may provide employees with increased opportunities to challenge biased hiring practices, and employers with more potential to mitigate against bias in algorithmic evaluations.
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How Legal Teams Can Prep For Life Sciences' Tech Revolution
The life sciences and health care industries are uniquely positioned to take advantage of new efficiencies created by cloud computing and generative artificial intelligence, but the sensitivity of their data also demands careful navigation of an expanding legislative and regulatory landscape, say Kristi Gedid, Zack Laplante and Lisa LaMotta at Ernst & Young.
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Looking For Defense Contract Appeal Trends In Annual Report
A deep dive into the Armed Services Board of Contract Appeals annual report for the 2023 fiscal year reveals increases in the number of cases filed, pending motions and expedited or accelerated cases, while the board disposed of fewer cases than in prior fiscal years, say Scott Flesch and Alexandra Prime at Miller & Chevalier.
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Key Takeaways From CFPB's Proposed Data-Sharing Rules
The Consumer Financial Protection Bureau's recently announced proposed rule for regulating personal financial data rights sheds light on the bureau's stance regarding practices like screen-scraping and may presage further activity that could involve more concrete enforcement actions, say attorneys at Wilson Sonsini.
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2nd Circ. Holding Could Disrupt SEC Disgorgement Methods
A recent Second Circuit decision in U.S. Securities and Exchange Commission v. Govil that held disgorgement to be an equitable remedy has the potential to substantially disrupt the SEC's long-standing approach to monetary remedies in many of the cases the agency brings, say attorneys at Debevoise.
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Why The Effect Of Vivint Has Been Minimal
A survey of recent ex parte reexamination decisions since the Federal Circuit’s 2021 In re: Vivint decision appears to support the court’s conclusion that the ruling was limited in scope and would have limited impact, says Yao Wang at Fish & Richardson.
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Transparency And Explainability Are Critical To AI Compliance
Although there is not yet a comprehensive law governing artificial intelligence, regulators have tools to hold businesses accountable, and companies need to focus on ensuring that consumers and key stakeholders understand how their AI systems operate and make decisions, say Chanley Howell and Lauren Hudon at Foley & Lardner.
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Preparing Law Students For A New, AI-Assisted Legal World
As artificial intelligence rapidly transforms the legal landscape, law schools must integrate technology and curricula that address AI’s innate challenges — from ethics to data security — to help students stay ahead of the curve, say Daniel Garrie at Law & Forensics, Ryan Abbott at JAMS and Karen Silverman at Cantellus Group.