The Federal Circuit summarily affirmed on Tuesday a Delaware federal judge’s ruling that “World of Warcraft” maker Blizzard Entertainment and other video game makers did not infringe a Parallel Networks patent on downloading and installing software.
With one GOP senator on board, Senate Democrats Tuesday voiced unanimous support for legislation to reinstate so-called net neutrality rules barring internet service providers from throttling delivery speeds for web content based on corporate deals.
The Patent Trial and Appeal Board ruled Tuesday a Sipco LLC wireless communication patent was invalid under the U.S. Supreme Court’s Alice standard, after rejecting arguments that the patent wasn’t eligible for covered business method review.
A South Korean circuit board producer that had challenged a Second Circuit decision backing the dismissal of the company’s $73 million currency exchange fraud suit against Citibank NA had its appeal rejected by the U.S. Supreme Court on Tuesday.
Scripps Networks Interactive has reportedly shortlisted two Manhattan buildings as possibilities for a new headquarters, Piedmont Office Realty Trust is said to have sold a Florida building for $13.58 million, and Empire State Realty Trust has reportedly leased space in the Empire State Building to both cancer radiation therapy software company RaySearch and BTS.
Autonomous driving startup Pony.ai on Tuesday said private equity firms and other investors contributed $112 million to the company’s most recent funding round as it looks to forge ahead with improvements on its self-driving technologies.
A Massachusetts federal judge on Friday preliminarily approved Avid Technology Inc.’s $1.3 million settlement resolving a securities fraud class action over the rollout of one of its products after both sides in the suit agreed to tweak the deal in response to concerns from the judge.
Chinese apartment rental company and online platform Ziroom has raised 4 billion yuan ($619.6 million) in Series A financing from a group of investors led by Warburg Pincus, Sequoia Capital and Tencent, according to an announcement from the Beijing-based firm on Tuesday.
Chipmaker Advanced Micro Devices Inc. downplayed its vulnerability to a recently revealed security flaw dubbed Spectre, causing shares to drop when the company disclosed the true extent of its chips' susceptibility, says a proposed class action filed in California federal court Tuesday.
Major European trade organizations told the U.S. Supreme Court that if the justices overturn a decision quashing a warrant served on Microsoft and allow the U.S. Department of Justice to grab data stored overseas, they would place international companies in the uncomfortable position of having to choose between violating European privacy laws or an American search warrant.
Nebula Acquisition Corp., a special purpose acquisition company advised by private equity firm True Wind Capital, closed on a $275 million initial public offering Tuesday, raising money that is intended to help acquire a technology business.
Ramius Advisors LLC, a shareholder of both Qualcomm Inc. and NXP Semiconductors NV, became the latest to decry Qualcomm’s $37.7 billion buyout bid for NXP, saying Tuesday it plans to vote against the deal because the offer is too low.
Blackhawk Network Holdings Inc. on Tuesday said private equity shops Silver Lake Partners and P2 Capital Partners will pay $3.5 billion for the gift card and prepaid networks provider in a deal that will take it private.
Law360’s Firms of the Year rose above the competition with a combined 24 Practice Group of the Year awards after helping their clients win game-changing judgments and close record-breaking deals in 2017. Here’s a closer look at how they landed at the top.
Law360 congratulates the winners of its 2017 Practice Group of the Year awards, which honor the law firms behind the litigation wins and major deals that resonated throughout the legal industry in the past year.
EU approval of Qualcomm's deal for NXP could happen soon, Hyundai Oilfield has tapped six banks to guide it through an IPO, and investment manager D.E. Shaw & Co. snapped up an active stake in home improvement retailer Lowe's as the industry struggles under the weight of online shopping.
The last week has seen Airbus sue Axa and several other insurers, a sports betting and financial software firm lodge a suit against Barclays, and an appeal from an insurance brokerage that recently lost its U.K. license. Here, Law360 looks at those and other new claims in the U.K.
The Federal Circuit on Thursday affirmed a lower court's decision denying Samsung’s and Fujifilm’s requests for attorneys’ fees after the companies won a patent dispute against Honeywell, finding that the judge did not abuse his discretion in determining that new fee-shifting rules did not make the case “exceptional.”
The antitrust and international law sections at the American Bar Association on Wednesday shared their concerns about the potential chilling effects of additional regulations for online platforms like e-commerce operations and search engines recently floated by the European Commission.
With so much mergers and acquisitions news this week, you may have missed several deals announced in the last several days helmed by firms such as Latham & Watkins LLP and Hughes Hubbard & Reed LLP. Here, Law360 recaps the ones you may have missed.
The Patent Trial and Appeal Board recently requested briefing from amici for the first time — in Mylan v. Saint Regis Mohawk Tribe. In general, technology and pharmaceutical companies argued that the deal assigning Allergan patents to the tribe was a sham, while other tribes and a group of law professors supported the sovereign immunity defense, says Ben Bourke of Womble Bond Dickinson LLP.
While each new year is expected to bring fresh challenges to the legal industry, 2018 will be particularly disruptive to the status quo. Both law firms and organizations that cater to the legal community should prepare for developments like increasing pressure from international clients and data security risks caused by multigenerational gaps, says Jeff Ton of Bluelock LLC.
One probable reason for the recent shift in focus by the Office of Foreign Assets Control toward export-related transactions is that the agency’s enforcement efforts targeting big banks have worked. With fewer cases to bring against them, OFAC seems to be moving on to new weak spots in enforcement, say Sean Kane and Susie Park of Hughes Hubbard & Reed LLP.
Over the last year, there were some interesting cases in the indirect purchaser class action arena, with district courts addressing pleading motions, class certification in “pay-for-delay” drug cases, and class certification of nationwide and multistate class claims based on California’s state antitrust law, say Chris Micheletti and Christina Tabacco of Zelle LLP.
Many commentators assumed that new guidance released in November for excluding shareholder proposals from proxy materials signaled a new willingness by the U.S. Securities and Exchange Commission to defer to companies. However, Apple’s recent unsuccessful request indicates that a citation of board process will not give companies an automatic pass, say attorneys with Cleary Gottlieb Steen & Hamilton LLP.
State attorney general campaigns will be in full swing with 31 elections this year. In addition to three top substantive areas, campaign issues themselves will influence how state attorneys general prioritize enforcement, says Joe Jacquot, former chief deputy attorney general of Florida, now with Foley & Lardner LLP.
The U.S. Department of Homeland Security may be considering new measures that would potentially reduce or eliminate specific H-1B extensions granted under the American Competitiveness in the 21st Century Act of 2000. Elizabeth Espín Stern and Paul Virtue of Mayer Brown LLP offer guidelines to assist employers in advising their workforce about the potential impact if DHS does take action.
As with 2016, there were no major U.S. Supreme Court decisions impacting indirect purchaser claims in 2017. Unlike 2016, however, several circuit court decisions addressed important issues such as ascertainability, 23(b)(3) predominance, and indirect versus direct purchaser status, say Chris Micheletti and Christina Tabacco of Zelle LLP.
The U.S. Consumer Product Safety Commission is charged with protecting consumers from products that pose potential hazards. Traditionally, this has meant hazards that may cause physical injury or property damage. But as internet-connected household products proliferate, along with cybersecurity and privacy concerns, technological innovation is far outpacing the regulatory process, say attorneys with Morrison & Foerster LLP.
In line with campaign promises made by President Donald Trump, in 2017 the U.S. Department of Homeland Security imposed added burdens on employers seeking employment-based visas for foreign nationals. Daniel Berner of Berner Law PLLC discusses some of the principal changes and the policies DHS has indicated it will pursue for employment-based visas in 2018 and beyond.