Finisar Corp., a formerly private equity-owned fiber optic supplier, has agreed to a roughly $3.2 billion cash-and-stock merger with peer II-VI Inc., the companies said Friday, in a deal steered by K&L Gates LLP, Sherrard German and Kelly PC, and O’Melveny & Myers LLP.
A former global supply manager for Elon Musk-helmed Tesla Inc. was indicted on Thursday for his alleged role in an embezzlement scheme in which he purportedly used fake documents and email accounts to divert about $9.3 million from one auto parts supplier to another.
As technology continues to become ingrained in all aspects of society, companies not considered to be part of the tech sector are increasingly looking to bolster their businesses through tech mergers and acquisitions, and attorneys well-versed in all things tech will be highly sought after to advise on the unique challenges that can arise in such deals.
Electric vehicle startup Faraday & Future must face claims from rival EVelozcity that it imposed an illegally restrictive contract term that prevented departing employees from recruiting colleagues to another company, a Los Angeles judge ruled Thursday, rejecting Faraday's bid to end the suit on anti-SLAPP grounds.
A California federal judge on Thursday questioned whether a Loeb & Loeb LLP attorney defending Tata Consultancy Services Ltd. in a class discrimination trial had misrepresented evidence to jurors, saying "it looked to me that there [were] some misrepresentations happening" and allowing opposing counsel to clarify the evidence with the jury.
A California federal judge floated the possibility of appointing separate counsel Thursday for a class of indirect cathode ray tubes purchasers, after saying he shouldn't have cleared a $576.8 million bundle of antitrust settlements and admonishing the current attorneys for "a classic indication of a potential conflict of interest."
Shareholders in a pair of 3D television technology development companies dropped their petition for the Delaware Chancery Court to appoint a receiver to manage the companies after their leaders allegedly diverted investment funds for their own personal use.
Intel Corp. has released its version of a draft for national privacy legislation that would protect companies from civil penalties so long as they certify annually with the Federal Trade Commission that they have taken steps to protect consumer data.
A New York City resident on Thursday hit Apple Inc. with a suit in state court, alleging that he was "caused to suffer and sustain severe bodily injuries" when his iPhone 6S exploded.
The U.S. Securities and Exchange Commission settled its first-ever enforcement action against an unregistered cryptocurrency exchange Thursday as the agency continues to target a variety of market participants beyond the token issuers themselves.
Georgia’s Republican Secretary of State Brian P. Kemp stepped down as the state’s top election official Thursday morning, declaring himself victorious in a closely watched gubernatorial battle with Democrat Stacey Abrams despite the results remaining unclear and his opponent refusing to concede.
The Federal Communications Commission and NASA are looking to make it easier for satellite and communications companies to expand in the airwaves by deregulating agency rules and heightening interest in private aerospace-industry contracts, officials told an audience at the Hudson Institute on Thursday.
Google LLC said Thursday it will no longer make workers arbitrate sexual harassment and assault claims after tens of thousands of workers around the globe walked off the job last week to protest the company's workplace culture.
Shareholders for Acacia Communications Inc. have asked a Massachusetts federal judge for $1.75 million in attorneys' fees and final approval of a settlement that will have the fiber optics company improve its corporate governance to address allegations of misconduct by Acacia executives that led to multiple derivative suits.
Business travel management firm TripActions on Thursday said investors poured in $154 million during the company’s latest funding round as it looks to increase research and development and roll out new technologies in an effort to continue global growth.
The Federal Circuit skirted fundamental legislative standards when it upheld a patent board ruling that Broadcom Corp.’s challenges to Wi-Fi One LLC’s messaging patents were not time-barred, Wi-Fi One argued in a bid for a U.S. Supreme Court review of the decision.
McCarter & English LLP has added a pair of attorneys experienced in life sciences as intellectual property partners in its Boston office, the firm has announced.
Kislak Organization has reportedly bought a Florida office building for $13.85 million, Chinese tech startup Bytedance is said to be taking nearly 119,000 square feet in Los Angeles County and Verzasca Group has reportedly sold a Miami development site for $13.1 million.
Efforts to enact federal privacy legislation and to clamp down on foreign cyberattacks and influence campaigns are likely to receive even greater attention after Tuesday's midterm elections, which put Democrats with significant appetites for digging deeper into these issues in charge of key oversight committees in the U.S. House, experts say.
An Iranian national and former Tata Consultancy Services Ltd. software engineer testified Wednesday during a California federal trial over class discrimination claims that his Indian boss and colleagues mocked him, repeatedly called him “stupid” and then kicked him off an Apple Inc. job for being late for work on a single occasion.
Whether Justice Brett Kavanaugh’s prior statements may be grounds for disqualification when it comes to judging certain cases is debatable, but there are no specific recusal guidelines for the U.S. Supreme Court. The justices themselves don’t even agree on where to draw the line when it comes to perceived political bias, says Donald Scarinci, a founding partner of Scarinci Hollenbeck LLC.
With the announcement this week that a previously undisclosed software bug potentially exposed up to 500,000 Google+ users' personal data, Google has a problem. And the U.S. Securities and Exchange Commission is probably investigating, says John Reed Stark, former chief of the SEC's Office of Internet Enforcement.
As technology evolves, law firms are increasingly looking for ways to improve communication, transparency and service for their clients. Firms should put knowledge management at the core of their value proposition to create a competitive advantage, says Rob MacAdam at HighQ.
With almost 75 percent of marine liability losses being a result of human error, companies are increasingly interested in the development of autonomous ships. While fully autonomous vessels could offer a competitive advantage by allowing elimination of shipboard crew, hiring and training of capable shoreside support staff will be essential, says Micah Dawson of Fisher Phillips LLP.
Last month, California passed the first-ever state legislation aimed at regulating "internet of things" devices. The new law restricts liability to manufacturers of physical hardware — drawing a narrower line than the U.S. Food and Drug Administration's previous guidance, say Michael Buchanan and Michelle Bufano of Patterson Belknap Webb & Tyler LLP.
Many believe that California's new law requiring a minimum number of female directors at public companies is necessary. But the law also faces a number of criticisms, and its implementation may well be delayed or even blocked by constitutional challenges, say attorneys with Arnold & Porter.
In Apple v. Pepper, the U.S. Supreme Court will consider whether iPhone owners who purchase apps from Apple’s app store should be considered “direct purchasers” under federal antitrust laws. The court should use this opportunity to reevaluate the direct purchaser analysis it established in Illinois Brick Co. v. Illinois, says Samuel Miller of UC Hastings Law School.
For the past 50 years, Title VII issues related to classified employment ads arranged by sex remained relatively well-settled. However, U.S. Equal Employment Opportunity Commission charges against Facebook’s targeted advertising platform recently resurrected them, says Kristen Sinisi of Bernabei & Kabat PLLC.
While insolvencies and fraud in the cryptocurrency space will create many issues of first impression for the courts, some valuable lessons can be found in more traditional fraud cases, such as the Bernie Madoff Ponzi scheme, says Brett Theisen of Gibbons PC.
As we watch what passes for political discourse in our nation’s capital, it’s understandable that universities are launching programs on how to cope with ideological disputes. But our country needs fewer people who profess to be open-minded and more people who engage in and honor the conclusions of reasoned debates, says Alex Dimitrief of General Electric Co.