An electronic exchange for trading interest rate swaps filed suit on Thursday in New York federal court against an array of large financial institutions, including Bank of America, Goldman Sachs, Citigroup and Morgan Stanley, accusing them of illegally boycotting the exchange to eliminate competition in the interest rate swaps market and boost their own profits.
Paris-based customer service and call center company Teleperformance SE said Thursday that it has agreed to buy a business outsourcing firm from Blackstone Group LP in a deal that carries an enterprise value of $1 billion.
The Electronic Frontier Foundation and several groups have urged the full Federal Circuit to reconsider a ruling that revived Oracle's billion-dollar copyright lawsuit against Google over its Android smartphones, saying the appeals' court decision failed to consider various public and policy interests.
Babst Calland Clements & Zomnir PC has snagged the U.S. Department of Transportation's former chief of trends and analysis and senior adviser on vehicle safety enforcement to join its Washington, D.C., office, where he will specialize in advising clients on emerging technology, including autonomous or self-driving vehicles.
The Federal Acquisition Regulatory Council on Thursday introduced an interim rule that will ban federal agencies from using products made by embattled Russian-owned cybersecurity firm Kaspersky Lab Inc., saying the council was trying to give agencies and contractors time to adjust to the ban.
A certified class of drivers alleging Uber improperly took a cut of their fares by instituting a $1 “safe rides fee” cannot collect punitive damages on their breach of contract claim against the ride-hailing giant, a California federal judge ruled Wednesday.
Venable LLP has added a former K&L Gates LLP partner with over 20 years of experience litigating and counseling on copyright, trademark and patent matters to its intellectual property transactions practice, the firm announced.
A retail industry association, Comcast Corp. and several others are continuing to throw their support behind a Federal Communications Commission proposal to create a database of reassigned phone numbers that would come with a liability shield for those who use it, saying the move would reduce both unwanted calls and “abusive” litigation.
Apple Inc. is disabling an iPhone feature which has been used by law enforcement officials in pursuit of evidence to circumvent a phone’s security settings, the tech giant told Law360 in an email Wednesday.
U.S. District Judge Lucy Koh sentenced the ex-CEO of a Silicon Valley-based fiber optics company to two years behind bars on Wednesday for making insider trades using secret brokerage accounts held in family members’ names, saying the wealthy man's crime was motivated by “pure greed.”
A software company accused of conspiring with competitors to fix prices charged to bankruptcy trustees urged an Illinois federal judge on Wednesday to retain jurisdiction over the suit, arguing that the opposing counsel is seeking hundreds of thousands of dollars in attorneys’ fees in a dispute triggered by a $514.16 deduction.
Yahoo investors urged the Ninth Circuit on Wednesday to revive their derivative shareholder suit alleging Yahoo Inc. violated a deal with the U.S. Securities and Exchange Commission by purchasing Alibaba stock, saying merely complaining to the SEC instead of suing wouldn't work because "writing letters" doesn't get a response.
A Maryland federal judge on Wednesday tossed a former BAE Systems Technology Solutions & Services Inc. employee’s suit alleging that a manager’s enmity toward women led to her termination, finding that she couldn’t sufficiently show she was ever officially fired or forced to resign.
The government agency charged with coordinating spectrum is looking into leasing already-allocated portions of the airwaves to encourage the military and other federal entities to use the bands allotted to them more efficiently, David Redl, a U.S. Department of Commerce assistant secretary, testified Wednesday.
The Federal Circuit on Wednesday upheld the Patent Trial and Appeal Board’s decision to invalidate several claims from a patent covering an Allure Energy Inc. smart thermometer that adjusts its settings based on the preferences of individuals in the room.
Local transportation agency chiefs and researchers told a U.S. Senate panel Wednesday that the federal government’s lead on coordinating investment and fine-tuning regulations will be crucial to getting the nation’s highway infrastructure ready for connected and autonomous vehicles.
A Hana Asset Management venture has reportedly picked up a Silicon Valley campus leased to eBay for $132.5 million, a GW Properties venture is said to have bought a Chicago gas station and garage for $10.4 million and plans to build retail there, and Vincent Viola's $80 million New York mansion sale has reportedly fallen through.
An Illinois federal judge on Tuesday sent a proposed class action over how PayPal distributes charitable donations into arbitration, ruling the charities can't escape an arbitration provision in the payment website’s user agreement.
Apple Inc. can’t make an early escape from a suit alleging that several models of its iPhone infringe three patents related to silence and ignore features, a Delaware federal judge ruled Tuesday, rejecting the technology giant’s contention that the patents — once held by Sony, Nokia and others — were invalid under Alice.
The telecommunications and media space is poised for an overhaul now that a D.C. federal judge has approved AT&T’s $85.4 billion Time Warner buy, with the ruling squashing doubt about the vertical merger’s effect on competition after a challenge by the U.S. Department of Justice.
While the revamped test for independent contractor status under the California Supreme Court's recent decision in Dynamex Operations West v. Superior Court raises new questions under state law, it also presents opportunities for companies to present new legal arguments (and take new proactive steps) in defense of independent contractor relationships, say Samantha Rollins and Andrew Murphy of Faegre Baker Daniels LLP.
While recent actions to eliminate forced arbitration for employee sexual harassment and sex discrimination claims are welcomed developments in the wake of the #MeToo movement, the concerns motivating the movement provide a similar opportunity to consider the ramifications of changes that benefit one group and how they might be expanded to benefit all workers, says Joseph Abboud of Katz Marshall & Banks LLP.
In March, the U.S. International Trade Commission's dismissal of U.S. Steel’s complaint caused some to question whether there remained a viable path for antitrust-based claims at the ITC. But the initiation of an antitrust-based Section 337 investigation just days later shows that the door for antitrust claims at the ITC has not closed, say attorneys with Ropes & Gray LLP.
In these politically divisive times, many ask whether our institutions and traditions can help us return to a greater consensus. In days long past, the legal profession could have been counted on to serve just such a function. But lawyers are now just as polarized as everyone else, says Samuel Samaro of Pashman Stein Walder Hayden PC.
The WHOIS system is set to undergo a monthslong "blackout" period when the EU General Data Protection Regulation takes effect on May 25, during which intellectual property lawyers will have a much more difficult time identifying the owners of domain names associated with infringing trademarks and content, say Peter Willsey and Timothy Hance of Cooley LLP.
In the latest twist of the saga of European Commission challenges to the very low levels of tax paid in the European Union by U.S.-owned multinationals, Apple Inc. was ordered to repay $15.5 billion to the Irish government. However, this is not the only move that puts the European Union on a collision course with the U.S. in the arena of international taxation, says Catherine Robins of Pinsent Masons LLP.
The Apple v. Samsung design-patent retrial — scheduled to begin on Monday — is an opportunity to clear up confusion on remedies. However, the complicated test that will be used for determining the article of manufacture presents the risk of creating more confusion, say Derek Dahlgren and Spencer Johnson of Rothwell Figg Ernst & Manbeck PC.
After moving into a new law office, tenants often file their signed leases away, figuring that the terms are set for a few years at least. However, leases can be very flexible instruments, and should be reviewed annually even if nothing seems amiss, says Tiffany Winne of Savills Studley Inc.
Based on his experience as a BigLaw associate for six years and now as general counsel for a tech startup, Jason Idilbi of Passport Labs offers some best practices for newer associates — whether they are serving external clients or senior attorneys within their firms.
Virtual currency businesses in New York should understand that they are under scrutiny even if they receive New York BitLicenses. The Virtual Markets Integrity Initiative will most likely survive the resignation and departure of former Attorney General Eric Schneiderman, so businesses should proceed cautiously, says Jonathan Sorkowitz of Skarzynski Black LLC.