The U.S. Securities and Exchange Commission announced its exam priorities for the year on Thursday, saying the agency's examiners will be reviewing how firms use "robo-advisers," identify financial exploitation of senior investors, and comply with new money market fund rules.
A California subsidiary of the Swiss digital security company Kudelski Group hit NFL Enterprises LLC with a lawsuit in Texas federal court Thursday, accusing the sports media giant of infringing seven of its patents related to video streaming and security software, including one patent for a PIN function on the NFL website.
Nortel Networks Inc. told the Delaware bankruptcy court Thursday that it has come one crucial step closer to confirming a long-awaited Chapter 11 plan after it resolved objections to the strategy stemming from a stubborn intellectual property and trade secrets fight stretching back years.
A kid-tracking device maker received court approval Thursday in Delaware for its Chapter 11 plan of liquidation after closing on a sale of its assets in November and resolving an objection to the plan from an investment banker seeking payment for its fees.
South Dakota Republican Gov. Dennis Daugaard has announced that Amazon.com Inc. will start remitting sales tax in the state, a move that follows Daugaard's signing of a bill seeking to overturn decades-old U.S. Supreme Court precedent that limits states’ ability to collect sales and use taxes from out-of-state sellers.
The U.S. Environmental Protection Agency on Wednesday finalized a rule requiring one-time reporting of existing exposure and health and safety information on nanoscale chemical substances currently in use.
Latham & Watkins attorneys representing Craigslist in an patent infringement suit on Thursday dodged EveryMD’s push for sanctions when a California federal judge agreed with the popular classified listings website that there is not enough support to find the complaint is a “frivolous” tactical maneuver.
Avago Technologies and its affiliates urged a California federal judge Thursday to toss an antitrust suit by electronics maker Funai that accuses them of leveraging their patents to gain a monopoly over the wireless network and video compression markets, saying the allegations are "boilerplate" and don't point to specific harm.
Small-business-focused lending platform Funding Circle has brought in $100 million from a group of private investors led by Accel Partners and featuring Baillie Gifford & Co., Rocket Internet and others, according to a Wednesday statement.
Silicon Valley software provider AppDynamics Inc. on Thursday launched an initial public offering estimated to raise $132 million, advised by Wilson Sonsini Goodrich & Rosati P.C., marking the first so-called unicorn to foray into public markets in 2017 and potentially the first of many.
The Federal Trade Commission has responded to calls from consumer groups urging it to probe internet-connected toys for potential privacy and security risks, vowing Wednesday to "carefully review" concerns over the playthings.
A wireless spectrum trader has settled a dispute with the Federal Communications Commission over allegations it lied about its buildout of wireless infrastructure for $100 million, and possible divestment from its spectrum licenses, the parties announced Thursday.
The Government Accountability Office rejected consolidated bid protests Wednesday challenging the General Services Administration's plan to keep price a secondary consideration in filling the 60 available spots for an up-to-$50 billion IT project, finding costs needn't be a “significant” factor while rejecting the remaining arguments.
Apple Inc. escaped a customer’s suit alleging the tech giant hides the fact that damaged iPhones covered by service plans are replaced with secondhand phones after a California federal judge said Wednesday that the customer had only received new replacement phones and failed to show she relied on the company's supposed misrepresentations.
Paris-based Omnes Capital, which was formerly the private equity branch of Credit Agricole SA, on Thursday said that it has closed an oversubscribed €210 million ($224 million) that will invest in France-based small and medium-size businesses in sectors including technology and transportation.
A California federal judge on Wednesday allowed Enfish LLC to update its existing claims that Microsoft Corp. infringed two database technology patents, but declined to allow the patent owner to tack on new claims against the software giant.
The chief technology officer for Facebook-owned Oculus VR LLC, who formerly worked for a video game developer seeking $2 billion in a Texas federal court trial, told jurors Wednesday the virtual reality headset wasn’t founded using stolen technology.
The U.S. and Swiss governments on Wednesday finalized a Privacy Shield agreement that will allow multinationals to transfer personal data between the two regions and mirrors a separate pact between the U.S. and European Union that was hammered out last year.
Microsoft Studios Inc. and Epic Games Inc. have been unlawfully using a former pro wrestler's voice and likeness for a popular avatar in the “Gears of War” video game franchise, according to a trademark suit filed Wednesday in Pennsylvania federal court.
After failing to establish statewide regulation of ride-hailing services such as Uber and Lyft last year, Florida's lawmakers will get a second chance to enact minimum insurance requirements and background screening standards with two parallel bills filed Wednesday.
The April 2016 leak of "Panama Papers" documents from law firm Mossack Fonseca removed any doubt that the threat of cyberattacks against the legal industry is more than hypothetical. While the case law on law firm data breach litigation has largely yet to be written, there are certain fundamental tenets worth reviewing, say Scott Vernick and Peter Buckley of Fox Rothschild LLP.
The incremental value of patented technology has been addressed in judicial opinions concerning utility patent infringement damages. The U.S. Supreme Court's recent decision in Samsung v. Apple could be a signal that design patent damages might soon require a similar test to claim damages on an entire device, says Marianne Ley Hayek of Nathan Associates Inc.
The 99 articles of the EU General Data Protection Regulation create a tsunami of obligations for not only the European Economic Area-based operations of subsidiaries of a U.S. business, but also the activities that a U.S. business conducts from U.S. shores, even if there is no legal establishment in the EEA, says Francoise Gilbert of Greenberg Traurig LLP.
Since 2008, the legal relationship dynamic has consistently evolved, leading clients to demand more "value" for services received. In 2017, investment in and adoption of new technology and prioritizing cybersecurity will lead to an increase in billable hours and shifts in realization rates, says Haley Altman of Doxly.
With commercial litigation funding gaining acceptance throughout the U.S., law firms and corporations are investigating how they can benefit from the capital that funders provide, and which criteria they should use in selecting a funder. Ralph Sutton, chief investment officer of Bentham IMF, discusses several major trends to watch in 2017.
There are a number of concrete, practical steps that law firms can take to address the high cost of defending legal malpractice claims, both before and after a claim is made, says Richard Simpson, a partner with Wiley Rein LLP who serves on the ABA Standing Committee on Lawyers’ Professional Liability.
While there were no major U.S. Supreme Court decisions that impacted indirect purchaser cases in 2016, and only a few circuit court decisions, some notable rulings shed light on strategies related to class certification, Article III and antitrust standing, settlement objectors, and other indirect purchaser-related issues, say Chris Micheletti and Christina Tabacco of Zelle LLP.
A primary driver of increasing litigation costs is the explosion of electronic discovery in recent years. Electronic data is not only increasing dramatically in volume, it is also growing in complexity. One way parties can save time and money is to use a neutral, technically skilled mediator, to ensure that e-discovery is both robust and cost-effective, says Daniel Garrie of JAMS.
This week, YouTube personality Casey Neistat released a video of himself being towed on a snowboard by a massive unmanned aircraft system. The video — which appears to have been shot entirely in Finland — would be virtually impossible to make in the U.S. In the spirit of the holidays, we bring you the 12 ways this would have violated Federal Aviation Administration rules, say attorneys with Wiley Rein LLP.
In the second article in this two-part series, BakerHostetler partner Michael Stein reviews machine learning and some of the algorithms and data structures employed in this field, which can be utilized to defeat validity attacks under Sections 101 and 112.