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.
A new study released Tuesday says law firms are leading the way among private industries when it comes to implementing a form of email security that guards against a popular tactic used in phishing attacks to disguise the origin of a message.
The government asked a California federal judge to disqualify Orrick Herrington & Sutcliffe LLP, which is representing a former Fitbit Inc. employee accused of stealing trade secrets from another previous employer, Jawbone, saying that the firm's previous representation of other defendants in the case presents a conflict of interest.
The U.S. Department of Commerce and the Department of Transportation have published final rules in the Federal Register for a $110 million grant program to facilitate support for text message, video and other internet protocol technologies at 911 call centers around the country.
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.
In April, regional carrier Great Lakes Airlines ceased operations, blaming a lack of qualified cockpit personnel. It joins other airlines whose recent business woes have been attributed to a shortage of trained pilots. But the Air Line Pilots Association says poor pay and benefits are the issue. Retired attorney and private pilot Alan Hoffman explores how the current situation came about, and what lies ahead.
Today, members of Congress often seem able to blame colleagues of the other party for not getting anything done for their constituents. In law practice, you can’t really blame a bad result for your clients on the lawyers on the other side, says former Sen. Joe Lieberman, D-Conn., of Kasowitz Benson Torres LLP.
Following the Federal Circuit's recent decision in Voter Verified v. Election Systems, district courts may begin to rethink their approach to issue preclusion as it applies to patent invalidity, say John O’Quinn and Hannah Bedard of Kirkland & Ellis LLP.
Assuming that initial coin offerings are securities offerings, issuers must register them with the U.S. Securities and Exchange Commission unless they rely on an exemption from registration. Among the available exemptions from registration, three look well-suited for ICOs, say members of Bates White LLC and Quinn Emanuel Urquhart & Sullivan LLP.
The CLOUD Act raises the possibility of agreements between the U.S. and EU on law enforcement access to digital evidence, and the EU’s proposed “e-evidence” regulation would streamline law enforcement access to data among its 28 member states. These two actions will greatly change the way that the G7's 24/7 Cybercrime Network operates, says Chris Ott of Davis Wright Tremaine LLP.
Television broadcasters who participated in the 2017 Federal Communications Commission spectrum auction should carefully consider how the auction proceeds should be treated for state tax apportionment purposes, say attorneys at Reed Smith LLP.
Corporate law departments are increasingly demanding more concessions from outside legal counsel, and presenting engagement letters that open the door to greater professional and cyber liability exposure for law firms — often beyond the scope of their insurance coverage. Firms must add their own language to engagement letters to limit liability, say Stuart Pattison and John Muller of Sompo International Holdings Ltd.
Being a former member of Congress put me in an advantageous position when I approached law firms in the late '70s, at a time when there were few female lawyers, and even fewer African-American lawyers, in major law firms, says former Rep. Yvonne B. Burke, D-Calif., a director of Amtrak.
Comments from a juror after the Apple v. Samsung trial revealed a specific problematic conclusion reached by the jury in its decision-making process, say Derek Dahlgren and Spencer Johnson of Rothwell Figg Ernst & Manbeck PC.