Wireless technology company Inseego on Thursday told the Chancery Court it was conned into a $50 million merger with another wireless company whose officers allegedly exaggerated prospects, invented contracts and concealed liabilities.
New York’s top bank regulator filed a lawsuit Friday seeking to block the Office of the Comptroller of the Currency from issuing special charters to financial technology firms, labeling the move as “reckless folly” that falls outside the office’s authority.
The Federal Trade Commission asked a California federal judge not to dismiss its antitrust suit against Qualcomm Inc., arguing Friday that the chipmaker forces customers to negotiate under the threat of losing their chip supply, which in turn allegedly forces them to pay a distorted price.
Womble Carlyle Sandridge & Rice LLP has added a partner from Lowenstein Sandler PC with two decades of experience handling intellectual property matters for technology industry companies, bolstering the firm’s capabilities in patent, copyright and other matters in Silicon Valley.
Google asked a California federal judge Thursday to toss rival Space Data’s second amended complaint accusing it of misappropriating trade secrets on balloon-based internet technology, saying the allegations were conclusory and that Space Data couldn't prove any actions took place after the passage of the Defense Trade Secrets Act.
In Law360’s latest roundup of new actions at the Trademark Trial and Appeal Board, Jaguar and Puma clash over their big cat logos, Apple appeals after being refused a registration for its "Music Memos" app, and W.B. Mason finds itself in a fight over its "Shazam" coffee.
Facebook Inc. is challenging a strategy used by some patent owners to avoid America Invents Act covered business method reviews, arguing that a recent Federal Circuit decision makes clear they shouldn’t be able to dodge review by disclaiming parts of the patent that are financial in nature.
Google Inc. has paid a 438 million ruble ($7.7 million) fine to the Russian competition authority over antitrust allegations related to its agreements with phone makers in the country, ending a nearly two-year dispute with the agency, the Federal Antimonopoly Service said Friday.
A California federal judge Friday granted an unopposed motion to certify two classes of Fitbit shareholders who allege the company hid problems with its fitness tracking technology — one for investors who purchased shares in Fitbit’s initial public offering, and another for those who bought between the IPO and the date the stock dropped.
Sprint Corp. and Windstream Services LLC have taken their challenges to a Federal Communications Commission order that deregulated pricing in the business data service market to the D.C. Circuit.
Seattle asked a Washington federal judge Thursday to rule on its bid to toss the U.S. Chamber of Commerce’s antitrust challenge to its ordinance allowing drivers for Uber and Lyft to unionize and not to wait until after the Ninth Circuit considers a preliminary injunction blocking the ordinance.
The Federal Communications Commission has received more than 1 million comments on the agency chairman's proposal to do away with net neutrality rules, and two Democratic lawmakers are urging the agency to give the public even more time to weigh in.
Bankrupt microchip firm ATopTech Inc. reached a settlement with its largest creditor and competitor to gain provisional court approval of its asset sale Friday in Delaware, resolving objections to the sale and related federal litigation.
Private-equity-backed industrial parts maker Gardner Denver Holdings Inc. raised $826 million in an initial public offering Thursday under guidance from Simpson Thacher & Bartlett LLP, leading four companies to price IPOs totaling more than $1 billion, albeit mostly at reduced prices.
Yahoo Inc. urged a California judge Friday to toss a putative false advertising class action brought by a Yahoo email subscriber who says the tech giant misrepresented its paid email service as ad-free, arguing the suit is barred by Yahoo’s terms and conditions.
The European Commission on Friday said that it has conditionally cleared chipmaker Broadcom Ltd.’s proposed $5.9 billion acquisition of networking solutions provider Brocade Communications Systems Inc., provided the merged company protects confidential information and ensures certain products work with those of competitors.
The European Commission’s recent controversial decisions finding that multinational corporations like Apple received illegal state aid are based on a new standard that deviates from past cases and from international standards, a panel of experts said Friday.
A New Jersey seller of reconditioned and refurbished items asked a federal judge to amend her order dismissing its case against Fitbit Inc. on Thursday, arguing that the dismissal decision should be without prejudice since it was based on jurisdiction and not the merits.
A D.C. federal court on Thursday granted preliminary approval to Harman International Industries Inc.’s $28.25 million settlement that would resolve a decadelong shareholder suit alleging the automotive technology company inflated its stock price ahead of an ultimately failed private equity merger.
U.S. District Judge William Alsup asked federal prosecutors on Thursday to investigate accusations by Alphabet Inc. subsidiary Waymo that its self-driving car technology was stolen by Uber — an escalation of the ongoing civil trade secrets suit between the two tech giants.
What happens when attorneys come to their general counsel’s office with knowledge of a potential positional conflict? While the inquiry will depend on the rules governing the particular jurisdiction, there are a few general questions to consider from both business and legal ethics perspectives, say general counsel Nicholas A. Gravante Jr. and deputy general counsel Ilana R. Miller of Boies Schiller Flexner LLP.
Saba Software Stockholder Litigation may be the first case in which the Delaware Chancery Court has declined to apply “cleansing” under Corwin, but the decision confirms the recent trend that Corwin cleansing of noncontroller stockholder-approved transactions is likely to be precluded only in unusual and egregious circumstances, say attorneys with Fried Frank Harris Shriver & Jacobson LLP.
Regardless of where we live and practice, regardless of whether trade deals succeed or fail, and regardless of whether the movement of people or capital is easy or difficult, our clients will still have needs or problems far away from home, says John Koski, global chief legal officer at Dentons.
If Time Magazine is correct in that being a lawyer is one of the five worst high-paying jobs, it may be time for the legal profession to pull one from the playbook of musicians and professional athletes and seek to enter a state of “flow,” says Jennifer Gibbs of Zelle LLP.
Prices provide crucial information to buyers and sellers, and so have always been critical to a competitive economy and antitrust law. But the emergence of new online information-harvesting technology and instantaneous transmission of pricing information may lead to anti-competitive price-fixing arrangements and disputes about distributors’ pricing, say Matthew Kennison and Steven Cernak of Schiff Hardin LLP.
Recent settlements reached between three health app developers and New York Attorney General Eric Schneiderman underscore the intense regulatory interest in the digital health arena. They also add to the growing concerns health app developers should consider when developing products, say attorneys with Pepper Hamilton LLP.
As the internet of things continues its rapid expansion into homes, cars and offices, manufacturers must understand how safety, compliance and customer satisfaction depend on the software used to make a product “connect.” But they must also consider rules and regulations affecting the product itself — from physical safety standards to limits on chemical ingredients, says Sheila Millar of Keller and Heckman LLP.
Nonmillennials usually approach things like virtual reality from the perspective of what we know as the “real” world. We compare objects and interactions with how they would be if generated by Mother Nature. This is the greatest challenge for intellectual property professionals working in a virtual environment, say Elizabeth Ferrill of Finnegan Henderson Farabow Garrett & Dunner LLP and Joacim Lydén of Awapatent.
California recently introduced Senate Bill 327 which, among other provisions, imposes requirements on manufacturers to equip internet of things devices with reasonable security features. However, the amorphous concept of "reasonable security features" poses a challenge to those seeking to comply, says Scott Lyon of Sedgwick LLP.
Suffering from law firm ranking fatigue? Bewildered by the methodologies? If so, you're in good company. Alan Morrison, associate dean for public interest and public service law at George Washington University Law School, wonders just how far law firm ranking efforts may go.