Broadcom's hostile $117 billion takeover campaign for Qualcomm was halted by President Donald Trump due to national security concerns, marking the first time a non-Chinese buyer faced a presidential decision and suggesting that some competition woes worked their way into the interagency committee's analysis. Here, Law360 outlines three major takeaways from the executive order ending the proposed deal.
Bitcoin entrepreneurs Cameron and Tyler Winklevoss on Tuesday announced plans to launch a self-regulatory organization for virtual currencies, filling a call from a U.S. Commodity Futures Trading Commission member who said recently that such a group is needed to help oversee the emerging marketplace.
The Competitive Carriers Association announced on Monday that it has filed a challenge to AT&T’s acquisition of fifth-generation-primed spectrum after the Federal Communications Commission last month approved the company’s takeover of FiberTower Corp. and its holdings.
Verizon and Sprint cannot avoid paying local access charges, even for wireless callers making local calls, local exchange carriers told a Texas federal judge Monday, pursuing a win on counterclaims they've sought against the multidistrict litigation the telecom giants launched with allegations of overbilling.
Wireless communications trade group CTIA on Tuesday released a study it commissioned on an FCC proposal to roll back regulatory reviews for small cell installations, estimating that, in the hurtle toward 5G, companies could save $1.56 billion based on a nearly two-thirds reduction in reviews.
Tinder filed an appeal to the California Supreme Court on Monday following a ruling in January that the popular dating app discriminated against people older than 30 by charging them higher prices.
The privately held financial technology company Credit Karma will pay $160,000 to settle claims by the U.S. Securities and Exchange Commission that it failed to register stock options offered to its employees, the agency said Monday.
Media conglomerate Daily Mail and General Trust has agreed to sell its real estate data and software business to technology-focused investment firms Silver Lake and Battery Ventures for $205 million, the company said Tuesday.
AOL asked a Delaware Chancery judge Friday to further trim a court-set $48.70 per share price for investors who challenged its $4.4 billion, $50-per-share merger with Verizon Inc., arguing that the investors’ share price theories make “no economic sense” and overvalue AOL’s deal with Microsoft that was likely a “money-loser.”
Sound technology company Dolby Laboratories accused Adobe Systems of refusing to comply with audits Dolby claims are required under an audio system licensing agreement in a copyright and contract suit filed in California federal court Monday.
GoPro rival 360Heros told a California federal court Friday that it did not forge any evidence in a trademark and copyright infringement suit over an underwater rig, saying GoPro can prove none of the accusations it made in a bid to sanction the company.
As of Monday at least 11 mayors have signed a pledge to banish internet service providers that block, slow, or charge for prioritization of internet traffic in their cities, as a growing list of city and state governments move to defend net neutrality principles in the wake of federal deregulation.
The Patent Trial and Appeal Board on Monday held several claims in an Evolved Wireless LLC patent related to LTE wireless technology were invalid, finding the evidence “overwhelmingly” supported a challenge brought by Apple Inc. and other smartphone makers.
Cybersecurity firm ManTech International Corp. and two subcontractors will fork over $1.18 million in back pay to more than 200 employees who were shorted on compensation for overtime while working on a government contract, the U.S. Department of Labor Wage and Hour Division said Monday.
President Donald Trump on Monday issued an executive order effectively blocking Broadcom Ltd.’s $117 billion takeover bid for California-based Qualcomm Inc., citing national security grounds.
Lawmakers on the House oversight committee have asked U.S. Immigration and Customs Enforcement to turn over details on the agency's plan to access a private nationwide license plate database that tethers a car to a specific location, saying they want to ensure that the personal information of millions of Americans is being protected by the company storing it.
Internet usage and online commercial behavior in the United States is largely similar between rural and urban consumers, despite higher levels of broadband access in cities and suburbs, according to a recent report from communications consultancy iGR Inc.
The American Civil Liberties Union sued the Transportation Security Administration in California federal court on Monday to get information on its policies and procedures for searching domestic airline passengers’ electronic devices at airports, saying the agency’s troubling actions are shrouded in secrecy and trampling on travelers’ privacy.
The Patent Trial and Appeal Board shot down Verizon's attempt to challenge a network traffic steering patent Friday, declining to institute a challenge on the patent held by Bridge and Post Inc. that's part of a Virginia infringement case.
File storage giant Dropbox Inc. launched an initial public offering on Monday that is estimated to raise $612 million, kicking off a closely watched IPO by one of Silicon Valley's elite venture-backed companies.
It is too early to assess the full reach that Dell will have on appraisal in Delaware. But the Delaware Chancery Court's ruling last week in Verition Partners v. Aruba Networks provides a first look, say John Hughes and Jack Jacobs of Sidley Austin LLP.
A California company has unveiled a fully autonomous "selfie" drone, which promises to stay trained on a moving subject, capturing footage while avoiding any obstacles. But a drone that flies itself may run afoul of a number of Federal Aviation Administration regulations, even if it has fancy obstacle detection and personal tracking, say Sara Baxenberg and Joshua Turner of Wiley Rein LLP.
The regulatory fragmentation on the federal level, and at the U.S. state and EU member state levels, presents challenges and uncertainty for many fintech companies. The resolution of these uncertainties will directly impact the evolution of this sector, say attorneys with Skadden Arps Slate Meagher & Flom LLP.
As distributed ledgers and blockchains emerge as means for processing and recording corporate and commercial transactions, the Delaware LLC may become an attractive organizational form for next-generation "decentralized autonomous organizations," say attorneys with Potter Anderson Corroon LLP.
Late last year, the Sedona Conference released the third edition of its principles addressing electronic document production, updated to account for innovations like Snapchat and Twitter. It may be necessary for these principles to be updated more often in order to keep pace with technology, says Charles McGee III of Murphy & McGonigle PC.
Last week, the District of Delaware raised eyebrows by ruling that documents provided to a litigation funder and its counsel in connection with their due diligence are categorically not attorney work product. Acceleration Bay v. Activision Blizzard seems to be a case of bad facts making bad law, says David Gallagher, investment manager and legal counsel for Bentham IMF.
A California federal judge implied that her recent decision in Lawson v. GrubHub was a close call, which suggests there is a tipping point where a driver moves from the independent contractor classification to the employee classification. However, when exactly that happens is still up in the air, says Art Lambert of Fisher Phillips.
The Federal Circuit's recent decision in Finjan demonstrates how creating patent-specific rules for damages creates uncertainty for future litigants. The patent community would benefit from the law of patent damages returning to fundamental tort and evidentiary principles, say attorneys with Robins Kaplan LLP.
Blockchain holds huge potential for the insurance industry, enabling the use of smart contracts as well as new methods of fighting insurance fraud and keeping records. It may be some time before the technology is widely adopted, but insurers should consider getting ahead of the curve now, says Daniel Marvin of Morrison Mahoney LLP.
Following the recent filing of an amended complaint, if the class action is certified in Kelly Ellis v. Google — a case alleging gender-based pay discrimination — ramifications will trickle down into every business, large or small, that employs men and women, say Debra Ellwood Meppen and Laurie DeYoung of Gordon & Rees LLP.