The U.S. Securities and Exchange Commission announced Tuesday that cloud computing company Ribbon Communications Inc. has agreed to pay nearly $2 million to resolve claims its former chief financial officer made misleading statements about its estimated revenue in 2015.
Johnstech International Corp.'s jury award over infringement of a patent for devices that prevent wear on computer chip-testing equipment was more than doubled Monday to $1.5 million by a California federal judge who also added enhanced damages.
The California federal judge overseeing discovery in Oracle's copyright suit against Hewlett Packard rejected HP's bid to sanction Oracle for an executive's deletion of hundreds of emailed reports, saying Tuesday the reports were available elsewhere and calling Hewlett Packard's request “extremely overkill.”
Two private equity firms traded fraud and perjury accusations Tuesday during post-trial arguments over allegedly false or distorted seller disclosures before the $115 million sale of then-troubled e-payment processing company Plimus Inc. in late 2011.
State utility regulators recently pushed back against an industry group’s proposal that the Federal Communications Commission free legacy wireline companies from rules that require them to share their telephone networks with competitors at capped rates.
Latham & Watkins LLP announced Monday that it has added a former Fenwick & West LLP partner, who advised Facebook on its $1 billion acquisition of Instagram and its roughly $2 billion acquisition of Oculus, to its Silicon Valley corporate department and mergers and acquisitions practice.
A federal judge has ordered the U.S. Patent and Trademark Office to issue three patents to prolific inventor Gilbert Hyatt, finding that many of his patent claims were incorrectly rejected, a win for Hyatt in his case alleging the office is wrongly stalling his patent applications.
The Nez Perce tribe has told the Federal Communications Commission that a company Sprint has acquired owns the rights to the underused 2.5 gigahertz spectrum above its reservation, but the company is not making use of the spectrum.
The U.S. Patent Trial and Appeal Board on Monday largely handed Apple Inc. and Fitbit Inc. a win in their effort to invalidate a heart rate sensor patent owned by Valencell Inc., finding all but three of 13 claims unpatentable as obvious in light of prior art.
Oracle Corp. protested the U.S. Department of Defense’s pending $10 billion JEDI cloud computing contract, saying the DOD’s single-award structure for the deal goes against industry standards and that the department failed to meet legal requirements for a sole-vendor contract.
Los Angeles-based WndrCo, a holding company focused on consumer technology companies, on Tuesday said 21st Century Fox, The Walt Disney Co. and other Hollywood giants helped it raise $1 billion in an initial funding round for a new entertainment platform that is represented by Gibson Dunn & Crutcher LLP.
KPS Capital Partners on Tuesday said it will sell the attachments division of heavy equipment manufacturer International Equipment Solutions LLC to Stanley Black & Decker Inc. in a $690 million deal, with Paul Weiss Rifkind Wharton & Garrison LLP guiding the private equity firm.
Big Four accounting firm EY has reached a deal to acquire Riverview Law, an alternative legal services business in which DLA Piper was once a major investor, the firm announced Tuesday, in a move it said would help it to expand its legal services and further establish it as a "leading disruptor" in the legal industry.
A shareholder for a fiber optics equipment manufacturer accused the company’s directors and officers in Texas federal court on Tuesday of violating the Securities and Exchange Act by misleading shareholders about the company’s falling sales and selling off hundreds of thousands of dollars' worth of shares before the company’s stock value dropped.
In a move that struck transfer pricing specialists as eerily familiar, the Ninth Circuit on Tuesday withdrew its decision for the IRS in a case in which the agency had argued stock-based compensation costs must be shared with foreign affiliates in cost-sharing arrangements.
Litigation funder Therium Group Holdings Ltd. said Monday that it has brought on board a former Hogan Lovells partner for its investment team, bolstering its New York offerings with her experience handling complex commercial litigation and arbitration, particularly related to technology.
An Illinois federal judge tripled a jury’s $105 million award to $315 million Tuesday, following the panel’s verdict for Shuffle Tech LLC and three other companies who accused Scientific Games Corp. of initiating sham litigation to assert invalid patents and keep its automatic card-shuffler competition out of the market.
A new study released Tuesday says law firms are leading the way among private industries when it comes to implementing a form of email security that guards against a popular tactic used in phishing attacks to disguise the origin of a message.
The government asked a California federal judge to disqualify Orrick Herrington & Sutcliffe LLP, which is representing a former Fitbit Inc. employee accused of stealing trade secrets from another previous employer, Jawbone, saying that the firm's previous representation of other defendants in the case presents a conflict of interest.
The U.S. Department of Commerce and the Department of Transportation have published final rules in the Federal Register for a $110 million grant program to facilitate support for text message, video and other internet protocol technologies at 911 call centers around the country.
Notwithstanding the latest salary war among prominent law firms, I urge my middle-aged and older colleagues to help the recent graduates we know focus on the long term. Even if the salary is the same, there is a big difference between an institutional firm and the relatively younger firms matching BigLaw, says J.B. Heaton, a University of Chicago business law fellow and former partner at Bartlit Beck.
Law professor Nathalie Martin's new book, "Lawyering From the Inside Out: Learning Professional Development Through Mindfulness and Emotional Intelligence," can be of value to any lawyer aiming to achieve greater productivity, relieve the stress of the legal profession and focus on goals, says U.S. District Chief Judge Denise Page Hood of the Eastern District of Michigan.
As private equity investors continue to explore the new opportunities offered by digital health, certain industry characteristics have emerged, signaling the time is right for investment. But health technology has its own unique risks and is subject to significant regulations, making due diligence critical for potential investments, say attorneys with Foley & Lardner LLP.
As we experience more collaborations among digital health startups, app software designers, artificial intelligence firms and drug and medical device companies, manufacturers should be cognizant that digital health products may require a more nuanced approach to product liability law, say Raymond Williams and Jae Kim of DLA Piper.
Next week, the Federal Acquisition Regulation will be amended, and federal contractors will have until Oct. 1, 2018, to tie their information systems to the bedposts, get out their cybersecurity holy water, avoid long staircases, and exorcise Kaspersky products and services from their systems, say Franklin Turner and Alexander Major of McCarter & English LLP.
In recent years, no-poach agreements have become subject to close scrutiny both by the U.S. Department of Justice’s Antitrust Division and private class action plaintiffs. These cases show that violations of federal antitrust laws can have an immediate and real impact on ordinary people and their livelihoods, say Robin van der Meulen and Brian Morrison of Labaton Sucharow LLP.
The blockbuster e-discovery cases, with big sanctions and bigger controversies, have been few and far between this year. But that doesn’t mean the legal questions around e-discovery have been answered. Let’s take a closer look at three cases worthy of our attention, says Casey Sullivan, an attorney at discovery technology provider Logikcull.
A Florida magistrate judge's finding last month that tokens issued and sold by technology startup Centra Tech are investment contracts could serve as a road map for the evaluation of token sales in other cases, say attorneys with DLA Piper.
The Aleynikov case demonstrates that employees who attempt to use the proprietary source code of their former employers without authorization may face not only the risk of civil liability, but also prosecution under local criminal statutes. And they could also face liability under the recently expanded federal Economic Espionage Act, says Jonathan Waisnor of Willkie Farr & Gallagher LLP.
Later this week, Harvard Law students will begin bidding on interview slots with the nation’s top law firms. Our institutions owe it to their students not only to require firms to disclose mandatory arbitration provisions in new associate contracts, but also to bar employers from on-campus recruiting if they require these provisions, says Isabel Finley, a third-year student at Harvard Law School and president of the Harvard Women’s Law Association.