The Delaware Chancery Court on Thursday dismissed a suit over the $400 million acquisition of network technology company Cyan Inc. by Ciena Corp., saying that Cyan shareholders hadn’t accuse board members of anything that couldn’t fall under the category of fair business judgment.
A Rackspace Hosting Inc. shareholder accused the cloud computing company in New York federal court Wednesday of concealing the financial impact of losing a contract with Vodafone Group PLC, which the investor says led to a two-day stock drop that cost the company $1.3 billion in market capitalization.
Former electronics retail giant RadioShack gained court approval Thursday for a settlement with Sprint Corp. to unwind the partnership forged in the debtor’s previous bankruptcy nearly two years ago.
Straight Path revealed Thursday that Verizon, the wireless spectrum company's previously unnamed suitor, won a bidding war with an offer that values Straight Path and its spectrum at $3.1 billion, topping AT&T’s already-signed deal.
The Eleventh Circuit summarily refused Wednesday to reconsider its ruling forcing the government of Belize to face allegations that the country owes more than $22 million for leased telecommunications equipment.
The Consumer Financial Protection Bureau told a New York federal judge on Thursday that $15 million in undistributed funds from a settlement with Sprint Corp. should go to the U.S. Treasury Department, arguing against a bid by Sprint and several state attorneys general to redirect the funds.
The Federal Communications Commission asked for public comment on whether it should put in place rules that could sidestep local authority in the interest of speeding up broadband infrastructure deployment, one of Chairman Ajit Pai’s stated goals, in a notice published Thursday.
The cable "cord-cutting" trend in the U.S. is already disrupting the traditional economic model for sports by leading to massive dropoffs in cable subscribers and has begun to hurt networks like ESPN, but whether it will stem the growing values of sports broadcasting rights deals is not yet clear.
An Illinois appeals court on Tuesday ruled that the foundation of the state's largest community college is subject to open records law, ordering the College of DuPage Foundation to turn over a federal subpoena the Chicago Tribune had requested in 2015 under the Freedom of Information Act.
The Federal Circuit ruled Wednesday that a fiber optic technology patent held by Cirrex Systems LLC is invalid for lack of a written description, handing Cisco Systems Inc. a win after a PTAB re-examination it initiated.
DirecTV LLC on Tuesday told a Wisconsin federal judge that a group of technicians that brought a wage-and-hour suit against it are improperly relying on testimony of one of their own attorneys in lieu of the testimony from a fact witness, saying that the attorney’s declaration should be struck.
Wireless giant Verizon said in a blog post Tuesday that the Federal Communications Commission should “get back to reality” and find that the wireless market is competitive, blasting the previous FCC policy decisions based on its refusal to recognize abundant competition.
The American Cable Association on Tuesday urged the Federal Communications Commission to ensure that broadcasters’ transition to a next-generation standard doesn’t hurt other players in the “video ecosystem,” especially small cable providers with more limitations than larger pay-TV providers.
Democratic Sens. Ron Wyden of Oregon and Brian Schatz of Hawaii asked the Federal Communications Commission's head for more information Tuesday on distributed denial-of-service attacks that allegedly began at midnight Sunday, saying they could have affected public comment on net neutrality.
The Federal Circuit on Wednesday upheld a re-examination decision invalidating several claims of an AT&T patent for video compression technology in a case that the telecom giant had likened to a game of “Whack-a-Mole” and argued was “defective from the outset.”
Saint Lawrence Communications LLC may not introduce testimony regarding a $9 million verdict against Motorola in a separate but related patent suit against ZTE Corp., U.S. District Judge Rodney Gilstrap has ruled, saying the Motorola case is far from tied up.
The Federal Communications Commission is proposing to pull back “regulatory impediments” facing wireless companies, to promote investment and deployment of the infrastructure for wireless networks around the country, according to a proposed rule published in the Federal Register on Wednesday.
Comments have already begun to pour in on the Federal Communications Commission's draft plan to reverse course on net neutrality, but the big players are mostly holding off for now and weighing in on issues such as regulatory barriers to next-generation wireless, privacy and spectrum sharing. Here are the top three groups that filed ex partes with the FCC over the last month.
The full Ninth Circuit will rehear the Federal Trade Commission’s data-throttling lawsuit against AT&T, which was dismissed in August after a panel found that the company’s status as a common carrier exempted it from the FTC Act.
A New York man asked a Pennsylvania federal judge Tuesday to award him a quick win in his unfair practices suit claiming Comcast Corp. stole money from a bank account he inherited from his late stepfather, calling Comcast’s efforts to explain away the withdrawals “absurd.”
While the Second Circuit’s holding in Capitol Records v. Vimeo and the U.S. Supreme Court’s recent refusal to disturb it may be a disappointment for record labels and other rights holders, the upside is that it's a step in the direction of providing uniformity in the copyright laws as they apply to sound recordings, say Stanton Stein and Diana Sanders of Liner LLP.
Presidential candidate Donald Trump called for the investment of $1 trillion in infrastructure over 10 years. However, the Trump administration’s budget proposal shows cuts in government spending on transportation and water infrastructure. A clear, bipartisan plan to harness both public and private funds, and to streamline the permitting process, is needed for success, says G. Christian Roux of Alston & Bird LLP.
Most people have never had an opportunity to personally take part in a legal case that directly challenges laws or policies they don’t agree with. Now that crowdfunding is available for legal cases, people can engage directly with legal change in the community and be a check on the powerful, says Julia Salasky, CEO of CrowdJustice.
Perhaps lost in the presidential post-election tumult was a report issued in late 2016 by an international body evaluating U.S. compliance with anti-money laundering and counter-terrorist financing standards. Considering repeated criticisms of the legal profession, the American Bar Association should seriously consider a new model legal ethics rule, says Kevin Shepherd of Venable LLP.
The D.C. Circuit's ruling in Bais Yaakov v. FCC takes some wind out of the sails of would-be plaintiffs seeking to capitalize on the nuances of Telephone Consumer Protection Act and Federal Communications Commission rules. The ruling shows the court's willingness to hold the FCC accountable when it takes actions outside of its authority, say attorneys with Eversheds Sutherland (US) LLP.
In the final segment of his series on lateral recruitment, Howard Flack, a partner of Volta Talent Strategies LLC and former leader of the lateral partner recruiting team at Hogan Lovells, shares a number of factors law firms should consider when measuring lateral hire success.
In the second installment of this series on lateral recruiting, Howard Flack of Volta Talent Strategies LLC challenges law firms to ask themselves whether business strategies are determining lateral hires — or vice versa.
The surveys that report lateral partner hiring as more or less a 50-50 proposition keep being published, and yet the lateral partner market is as robust as ever. So, what are firms looking at to measure their success and justify the level of investment they continue to make in the lateral market? asks Howard Flack of Volta Talent Strategies LLC.
A Delaware bankruptcy judge's recent decision in Nortel Network’s Chapter 11 case has several important takeaways for indenture trustees and their legal counsel that go well beyond the fee reductions an indenture trustee’s two law firms received, says Karol Denniston of Squire Patton Boggs LLP.
Bear in mind that the internet seldom forgets and never forgives, and you are just one screen grab from a meme. A law firm's core messages and unique selling points must be clearly determined before embarking on a social media strategy, says Julie Bagdikian of The Pollack PR Marketing Group.