Drinker Biddle & Reath LLP represented Manufacturers & Traders Trust Co. in connection with its nearly $214 million construction loan for a 238,000-square-foot data center project in Virginia, the law firm told Law360 on Wednesday.
The Ninth Circuit on Tuesday upheld a jury verdict in favor of banking giant Emirates NBD Bank PJSC, finding that financial technology firm InfoSpan Inc. had not shown that the jury was prejudiced or that it was not properly instructed during the trial over claims the bank stole InfoSpan's cellphone-based payment system.
Over a quarter of U.K. and Irish residents in a recent survey have exercised their rights over their personal information, while around half have the confidence to challenge banks and insurers, just two months after the introduction of Europe's sweeping data regime, an analytics firm has reported.
The U.S. Securities and Exchange Commission announced Tuesday that cloud computing company Ribbon Communications Inc. has agreed to pay nearly $2 million to resolve claims its former chief financial officer made misleading statements about its estimated revenue in 2015.
Johnstech International Corp.'s jury award over infringement of a patent for devices that prevent wear on computer chip-testing equipment was more than doubled Monday to $1.5 million by a California federal judge who also added enhanced damages.
The California federal judge overseeing discovery in Oracle's copyright suit against Hewlett Packard rejected HP's bid to sanction Oracle for an executive's deletion of hundreds of emailed reports, saying Tuesday the reports were available elsewhere and calling Hewlett Packard's request “extremely overkill.”
Two private equity firms traded fraud and perjury accusations Tuesday during post-trial arguments over allegedly false or distorted seller disclosures before the $115 million sale of then-troubled e-payment processing company Plimus Inc. in late 2011.
State utility regulators recently pushed back against an industry group’s proposal that the Federal Communications Commission free legacy wireline companies from rules that require them to share their telephone networks with competitors at capped rates.
Latham & Watkins LLP announced Monday that it has added a former Fenwick & West LLP partner, who advised Facebook on its $1 billion acquisition of Instagram and its roughly $2 billion acquisition of Oculus, to its Silicon Valley corporate department and mergers and acquisitions practice.
A federal judge has ordered the U.S. Patent and Trademark Office to issue three patents to prolific inventor Gilbert Hyatt, finding that many of his patent claims were incorrectly rejected, a win for Hyatt in his case alleging the office is wrongly stalling his patent applications.
The Nez Perce tribe has told the Federal Communications Commission that a company Sprint has acquired owns the rights to the underused 2.5 gigahertz spectrum above its reservation, but the company is not making use of the spectrum.
The U.S. Patent Trial and Appeal Board on Monday largely handed Apple Inc. and Fitbit Inc. a win in their effort to invalidate a heart rate sensor patent owned by Valencell Inc., finding all but three of 13 claims unpatentable as obvious in light of prior art.
Oracle Corp. protested the U.S. Department of Defense’s pending $10 billion JEDI cloud computing contract, saying the DOD’s single-award structure for the deal goes against industry standards and that the department failed to meet legal requirements for a sole-vendor contract.
Los Angeles-based WndrCo, a holding company focused on consumer technology companies, on Tuesday said 21st Century Fox, The Walt Disney Co. and other Hollywood giants helped it raise $1 billion in an initial funding round for a new entertainment platform that is represented by Gibson Dunn & Crutcher LLP.
KPS Capital Partners on Tuesday said it will sell the attachments division of heavy equipment manufacturer International Equipment Solutions LLC to Stanley Black & Decker Inc. in a $690 million deal, with Paul Weiss Rifkind Wharton & Garrison LLP guiding the private equity firm.
Big Four accounting firm EY has reached a deal to acquire Riverview Law, an alternative legal services business in which DLA Piper was once a major investor, the firm announced Tuesday, in a move it said would help it to expand its legal services and further establish it as a "leading disruptor" in the legal industry.
A shareholder for a fiber optics equipment manufacturer accused the company’s directors and officers in Texas federal court on Tuesday of violating the Securities and Exchange Act by misleading shareholders about the company’s falling sales and selling off hundreds of thousands of dollars' worth of shares before the company’s stock value dropped.
In a move that struck transfer pricing specialists as eerily familiar, the Ninth Circuit on Tuesday withdrew its decision for the IRS in a case in which the agency had argued stock-based compensation costs must be shared with foreign affiliates in cost-sharing arrangements.
Litigation funder Therium Group Holdings Ltd. said Monday that it has brought on board a former Hogan Lovells partner for its investment team, bolstering its New York offerings with her experience handling complex commercial litigation and arbitration, particularly related to technology.
An Illinois federal judge tripled a jury’s $105 million award to $315 million Tuesday, following the panel’s verdict for Shuffle Tech LLC and three other companies who accused Scientific Games Corp. of initiating sham litigation to assert invalid patents and keep its automatic card-shuffler competition out of the market.
Independent video game developers may collect and utilize data from users to improve their games or release new content — and they may not be prepared for the requirements of the EU General Data Protection Regulation, say Roger Wylie and Frank Johnson Jr. of Kilpatrick Townsend & Stockton LLP.
In the context of the purchase and sale of fine art, blockchain technology is proving to be a profound answer to uncertainty in authenticity, gaps in provenance and overall lack of transparency that have long plagued the global art market, say Desiree Moore and Dora Georgescu of K&L Gates LLP.
Earlier this year, Rep. Trey Gowdy, R-S.C., made headlines with his decision to leave Congress and return to law. In this series, former members of Congress who made that move discuss how their experience on the Hill influenced their law practice.
It is difficult to overstate the scope of the new California Consumer Privacy Act — it will dramatically change the privacy landscape in the U.S. when it takes effect on Jan. 1, 2020. The act also contains ambiguities that are likely to sow confusion and litigation, say attorneys with Munger Tolles & Olson LLP.
The Senate Republican leadership and the Trump administration are racing to fill Justice Anthony Kennedy’s spot on the U.S. Supreme Court. Does opposition to their plans have any chance of success? My answer is yes, because the stakes are so high, people are so engaged, and the records of those short-listed are so deeply troubling, says Nan Aron, president of Alliance for Justice.
As clients increasingly look to limit their own liability exposure, they can reasonably expect that their retained counsel should do the same. In this context, a carefully crafted, thoughtfully presented engagement letter can help a law firm strike a successful balance between protecting itself and preserving a client relationship, say Stuart Pattison and John Muller of Sompo International Holdings Ltd.
Cryptocurrency has been a source of significant consternation in the tax arena due to the lack of guidance regarding transaction classification and consequent lack of reporting compliance. Despite the IRS ending its offshore voluntary disclosure program this coming September, alternate disclosure programs remain to enable taxpayers to come into compliance without significant penalty, says Patrick McCormick of Drucker & Scaccetti.
In this analysis of disciplinary action trends in the legal industry, Edwards Neils LLC managing member Jean Edwards examines data provided by bar organizations for 17 states and the District of Columbia.
Although courts and companies have at times struggled to keep pace with the rapidly evolving challenges surrounding the use of cloud-based software, some best practices have emerged from the body of case law addressing claims of cloud-based appropriation of trade secrets, say attorneys with Orrick Herrington & Sutcliffe LLP.
With law firms increasingly exposed to professional liability risks associated with their corporate client relationships, firms must craft well-structured client engagement letters to help protect against malpractice claims. Two key elements of an engagement letter are how it defines the scope of engagement and how it handles conflicts of interest, say Stuart Pattison and John Muller of Sompo International Holdings Ltd.