The U.S. Securities and Exchange Commission on Friday suspended trading in three penny-stock companies, questioning the accuracy of recent statements they all made claiming substantial acquisitions in assets tied to cryptocurrency and blockchain technologies.
Intel said on Friday in a regulatory filing that it is facing more than 30 lawsuits, including proposed consumer and securities class actions, over the discovery in 2017 that security flaws, dubbed Spectre and Meltdown, make virtually every computer chip vulnerable to hacking.
The U.S. Supreme Court shouldn’t have the last word on whether the federal government should be allowed to access data stored overseas by companies such as Microsoft, but instead federal lawmakers need to act to remove the legal “hodgepodge” fueling the dispute, a Republican congressman said Thursday.
A California federal judge on Wednesday agreed to strike most of Cisco defenses against an antitrust suit brought by Arista over the sales of Ethernet switches, including a hotly contested infringement defense, which Arista’s counsel called “breathtakingly broad, unprecedented and insane.”
Facebook and Twitter have taken some recent steps to comply with European consumer law, but could still face sanctions over their processes for deleting user content, according to a European Commission report released Thursday.
The inspector general of the Federal Communications Commission is investigating Chairman Ajit Pai over whether he improperly pushed for rule changes relaxing media ownership rules in order to benefit Sinclair Broadcasting Group, Rep. Frank Pallone, D-N.J., announced Thursday.
Union Investment is reportedly buying a New York retail condo leased to Lexus for $88 million, A.D.M.E. Real Estate is said to have sold a Miami Beach assisted-living facility for nearly $18 million and mobile payment software firm Braintree is reportedly in talks with landlord Vornado Realty Trust for 40,000 additional square feet in Chicago.
A group of telecom lobbying powerhouses have asked the D.C. Circuit for permission to intervene in challenges to the Federal Communications Commission's recent net neutrality rollback, offering filings in support of the Republican majority’s actions.
Technology startup Swarmify asked a California federal judge on Thursday to block CloudFlare from offering a streaming content service and to order the takedown of two blog posts explaining how it works, saying CloudFlare created the technology with trade secrets stolen during the companies' now-stalled acquisition talks.
The Patent Trial and Appeal Board has invalidated a pair of patents held by Purple Leaf LLC that cover a process for conducting electronic transactions, finding that the claims challenged by patent quality advocacy group Askeladden were both obvious and anticipated.
Uber Technologies Inc. on Thursday asked a California federal judge to nix mobile advertiser Fetch Media Ltd.’s contract suit alleging that the ride-hailing giant owes $19 million in unpaid bills, saying an existing state court suit covers the same ground, but Fetch countered by saying that Uber is forum-shopping.
Any renegotiation of NAFTA should include a provision requiring all parties to enact stronger protections for trade secrets and patents and to crack down on the import of knockoff goods, the American Bar Association’s intellectual property section told the U.S. Trade Representative on Wednesday.
International arbitrators have ordered a Swedish networking technology company to pay some $1.6 million in legal fees to a major customer after mostly dismissing its $900 million Swedish krona ($113 million) arbitration case over unpaid royalties, the company said recently.
The U.S. Department of Defense on Thursday sought to clear up questions surrounding its contentious upcoming cloud computing acquisition, noting for example that it did not intend to sole-source the contract, shortly after announcing an industry day to discuss the pending deal.
Attorneys for high-tech window company View Inc. urged a Delaware vice chancellor Thursday to set aside objections to a $60 million settlement in a suit with the company's founder, saying the objectors' claims were unfounded and the deal would avert crippling challenges to the company’s stock and capital structure.
Mitsubishi Electric Corp. on Wednesday settled with a class of indirect buyers of cathode ray tubes for $33 million in California federal court, bringing total settlements in multidistrict litigation over an alleged price-fixing conspiracy involving electronics companies to $820 million.
Families of victims of a 2013 mass shooting at the Washington Navy Yard must submit damages demands by mid-April in a group of negligence suits against Hewlett Packard Enterprise Services LLC and another information technology company that employed the shooter, a D.C. federal judge said Thursday.
Risk analytics company PlanetRisk has secured an up to $79 million contract to provide program management support over the next five years for a U.S. Department of Homeland Security office tasked with ensuring the cybersecurity of the federal government, the company said Thursday.
Hedge fund investors lost big Thursday in a Delaware Chancery Court appraisal lawsuit that challenged the $2.8 billion price Hewlett-Packard Co. paid for Aruba Networks Inc. in 2015, when a judge pegged the fair value 30 percent lower than the acquisition payout.
In this monthly series, legal recruiting experts at Major Lindsey & Africa interview management from top law firms about navigating an increasingly competitive business environment. Here we feature Allison Friend, chief human resources officer for Hogan Lovells.
Expect to see antitrust developments in 10 areas this year, including continuing scrutiny of vertical mergers, no-poach agreements and conduct by pharmaceutical companies, say attorneys with Cooley LLP.
Recent, seemingly disparate actions by the U.S. Securities and Exchange Commission in response to Apple may leave some confused as to whether companies can exclude corporate social responsibility-related shareholder proposals from their proxy materials. Upon closer inspection, however, the SEC’s actions appear consistent with recently issued guidance, say attorneys with Akin Gump Strauss Hauer & Feld LLP.
Cloud customers may be exposed to liability for open source technologies that are buried deep within their providers’ offerings. In-house legal teams and developers need to be aware of the risk of patent litigation and the extent to which cloud providers can help mitigate these risks, says R. Paul Zeineddin of Zeineddin PLLC.
On Tuesday, the Trump administration announced 12 new judicial nominations. We will soon discover whether these candidates learned from the mistakes of the three nominees forced to withdraw in December after bipartisan concerns arose over their qualifications, says Arun Rao, executive VP of Investigative Group International.
The U.S. Supreme Court recently granted certiorari in WesternGeco v. Ion, a case that could have significant ramifications for U.S. patent holders who compete in foreign markets, say attorneys with MoloLamken LLP.
While technology is making certain aspects of e-discovery faster and easier, it is also creating new challenges as quickly as we can provide solutions. The good news is that there are concrete steps businesses can take to address those challenges, says Peter Ostrega of Consilio LLC.
Over the last year, the existential risk posed by cyberattacks and data security vulnerabilities has become one of the top concerns for boards of directors, management, government agencies and the public. 2017 was punctuated by a series of headline-grabbing breaches, fast-moving regulatory developments around the globe, and record-breaking settlements by companies, say attorneys with Cleary Gottlieb Steen & Hamilton LLP.
U.S. retailers face unprecedented threats from online shopping and demographic and technological change, but also opportunities for transformation if they can integrate physical and virtual shopping. There is a good survival opportunity for companies whose leaders can solve the puzzle, say consultants with Berkeley Research Group.
Under the right conditions, conjoint analysis is appealing as a mechanism to help disaggregate royalty rates consistent with relative contributions of technology components to a product’s overall value. There are several factors to consider in determining whether it is the appropriate damages methodology, says Daniel Korczyk of GlassRatner Advisory & Capital Group LLC.
Up close, the Federal Trade Commission's recent settlement with VTech is significant because it is the first children’s privacy case that involves internet-connected toys. But taking a step back, this action is just the latest in a string of recent regulatory pronouncements related to the internet of things and related corporate cybersecurity practices, say attorneys with Paul Hastings LLP.