Technology

  • August 06, 2024

    Piper Sandler Says It Will Pay $16M In Recordkeeping Fines

    Piper Sandler Cos. disclosed Tuesday that it has reached tentative agreements with the U.S. Securities and Exchange Commission and the U.S. Commodity Futures Trading Commission to end investigations into off-channel business communications for a total of $16 million.

  • August 06, 2024

    6 Firms Lead Chinese AI Chipmaker's $133M Hong Kong IPO

    Artificial intelligence chip designer Black Sesame International Holding Ltd. is preparing to debut on the Hong Kong stock exchange this week after reportedly pricing a $133 million initial public offering, guided by six firms, completing one of the Asia region's largest IPOs in 2024.

  • August 06, 2024

    Tech Giants' Fight To Ax Fintiv Rule Returns To Fed. Circ.

    Apple and three other major technology companies have again asked the Federal Circuit to abolish a rule allowing the Patent Trial and Appeal Board to refuse to review patents based on related litigation in court, saying it is unlawful because it was implemented without formal rulemaking.

  • August 06, 2024

    Fox TV Knocks Media Group's Petition Against Philly License

    Fox TV pressed the Federal Communications Commission to reject an advocacy group's bid for a hearing on its Philadelphia station's license over claims it knowingly aired election falsehoods, arguing the petition still lacks merit despite a year of pressure on the agency.

  • August 06, 2024

    Fifth Third Bank Faces MDL Bid Over Allegedly Hidden Costs

    A group of consumers is urging the Judicial Panel on Multidistrict Litigation to centralize in New Jersey five proposed class actions alleging Fifth Third Bank NA's solar panel financing business hid loan costs from consumers.

  • August 06, 2024

    Cable Biz Likely To Oppose Cybersecurity Reporting Rules

    Cable providers bristled at federal agencies' plans to impose new requirements aimed at beefing up network security, arguing that rules for reporting cyberattacks within certain time frames and sharing detailed security plans would be overly burdensome.

  • August 06, 2024

    7th Circ. Upholds Bitcoin Fraudster's 8-Year Sentence

    The Seventh Circuit on Monday rejected the resentencing bid of a Nigerian man serving eight years in prison for carrying out an $8 million bitcoin fraud scheme, saying a lower court properly considered that he tried but failed to steal more than $51 million in crafting the appropriate sentencing range for his type of crime.

  • August 06, 2024

    Cannabis Co. Sued For Docs On Insider-Tied Note, Sale Plans

    A stockholder of cannabis sourcing company Eaze Technologies Inc. — now facing a foreclosure auction — sued in Delaware's Court of Chancery Tuesday for books and records surrounding a founder- and insider-controlled note purchase and security agreement and alleged "take-under" sale scheme.

  • August 06, 2024

    NC Panel OKs Short-Term Rentals In Luxury Home Community

    A North Carolina state appeals court on Tuesday upheld a ruling that an Asheville-area neighborhood's ban on short-term rentals is unreasonable, finding the community's covenants don't explicitly outlaw that type of real estate arrangement.

  • August 06, 2024

    Elon Musk's X Sues CVS, Mars, Ads Group Claiming 'Boycott'

    Elon Musk's X Corp. sued the World Federation of Advertisers, Unilever, Mars Inc., CVS Health and Ørsted in Texas federal court Tuesday, inspired by a House Judiciary Committee Republican staffer report decrying efforts to avoid advertising next to hate speech and other "disfavored" content as an anticompetitive group boycott.

  • August 06, 2024

    Testing Lab Can't Add Bad Faith Claims In Income Loss Case

    A Pennsylvania federal judge found Tuesday that a prior agreement between a medical testing lab and its insurer expressly precluded added allegations that the insurer acted in bad faith while handling the lab's claim for loss of records and business income.

  • August 06, 2024

    Harvard Says Samsung Chips Infringe Chemical Patents

    Harvard University's president and fellows sued Samsung Electronics Co. Ltd. and multiple affiliated entities in the Eastern District of Texas, claiming that the production process for some of its microprocessors and memory chips infringe two patents on chemical layering assigned to the school.

  • August 06, 2024

    Subway, Chick-Fil-A Ink Deals In Mystery Shopper IP Suit

    Subway and Chick-Fil-A Inc. have entered agreements with Fall Line Patents LLC to resolve the patent company's claims that they infringed its data management patent with their respective mobile apps, according to a pair of joint filings with the Eastern District of Texas.

  • August 06, 2024

    Jones Day Slams Ex-Client's Bid To Exit $2M Fee Fight

    Jones Day wants to prevent former client Soverain Software LLC from exiting a decade-long spat over $2 million in unpaid legal fees, telling an Illinois state court that Soverain's bid to bring the litigation to a close "is a house of cards that collapses with the slightest breeze."

  • August 06, 2024

    Fed. Circ. Knocks Out Scottish Search Co.'s Patent Case

    A Scottish tech company failed to breathe new life into patents that cover supposed advances in reverse image searching on the internet when the Federal Circuit on Tuesday ended its suit against a different, more successful rival.

  • August 06, 2024

    Lowe's Must Face Retail Logistics Co.'s Software IP Suit

    Lowe's Home Centers LLC lost its bid to dismiss a retail logistics company's claims it ripped off a merchandise return management software and breached its contract with that software's manufacturer, with a North Carolina federal judge declining to fully toss any of the claims but flagging that some contradicted each other.

  • August 06, 2024

    AI Security Biz Sets Sights On IPO After $5.1B Valuation

    Artificial intelligence company Abnormal Security, advised by Cooley LLP, announced Tuesday that it has hit a $5.1 billion valuation after closing its Series D funding round with $250 million in tow.

  • August 06, 2024

    NC Software Execs Can't Unravel Payroll Tax Fraud Conviction

    Two former software executives found guilty of failing to pay over $600,000 in employment taxes failed to clear a steep hurdle in trying to reverse their convictions, a North Carolina federal judge said in rejecting their bid for acquittal or a new trial.

  • August 06, 2024

    Gibson Dunn Guiding Veritas On $2.45B Cloud Banking Buy

    Gibson Dunn is advising Veritas Capital on a deal to purchase the cloud-based digital banking business of NCR Voyix Corp., represented by King & Spalding, for $2.45 billion in cash plus a potential future payment of up to $100 million, NCR Voyix said in a statement Tuesday.

  • August 06, 2024

    MoneyGram To Settle Fired Worker's FMLA Retaliation Suit

    MoneyGram has agreed to settle a former employee's suit claiming she was fired for taking medical leave to treat a stomach illness, according to a Texas federal court filing.

  • August 06, 2024

    Solar Tech Co. SunPower Hits Ch. 11 With $2B Of Debt

    Residential solar technology company SunPower Corporation filed for Chapter 11 protection in Delaware with more than $2 billion of funded debt obligations and plans for an asset sale.

  • August 06, 2024

    Paul Hastings Gains Tax Pro In Dallas From McDermott

    Paul Hastings announced Tuesday that its meteoric growth in Texas is continuing with the addition of a partner in Dallas who strengthens its global tax practice and came aboard from McDermott Will & Emery LLP.

  • August 05, 2024

    Elon Musk Can't Beat Twitter Investors' Suit Over Bot Claim

    A California federal judge on Monday denied Elon Musk's bid to escape a shareholder suit alleging he misled Twitter investors by claiming the company had to provide information on an alleged bot problem before he could move forward with his $44 billion acquisition, saying Musk leaned on already-rejected arguments.

  • August 05, 2024

    Chamber, Others Back 9th Circ. Ax Of Shopify Privacy Row

    The U.S. Chamber of Commerce and several tech trade groups are among those pushing the full Ninth Circuit to affirm the toss of a proposed class action accusing Shopify of unlawfully collecting shoppers' sensitive information, arguing that overriding the decision would unfairly allow plaintiffs to sue online businesses in any court across the country. 

  • August 05, 2024

    DOJ Wants Google Held Accountable For Deleted Chats

    The U.S. Department of Justice has told the Virginia federal court overseeing the government's case accusing Google of monopolizing key digital advertising technology the company needs to be held accountable for implementing policies that destroyed evidence.

Expert Analysis

  • Dissecting Treasury's Call For Input On AI In Financial Sector

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    The U.S. Department of the Treasury's request for comments on the potential benefits and challenges AI may pose to the financial services sector, which asks how stakeholders are addressing and mitigating increased fraud risks, reflects the federal government's continued interest in AI's effects across the economy, say attorneys at Hogan Lovells.

  • How Contractors Can Prep For DOD Cybersecurity Rule

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    The proverbial clock is ticking for defense contractors and subcontractors to strengthen their compliance posture in preparation for the rollout of the highly anticipated Cybersecurity Maturity Model Certification program, so those affected should analyze their existing security standards and take proactive steps to fill in any significant gaps, say Beth Waller and Patrick Austin at Woods Rogers.

  • NYSE Delisting May Be The Cost Of FCPA Compliance

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    ABB’s recent decision to delist its U.S. depository receipts from the New York Stock Exchange, coupled with having settled three Foreign Corrupt Practices Act enforcement actions, begs the question of whether the cost of FCPA compliance should factor into a company's decision to remain listed in the U.S., says John Joy at FTI Law.

  • Questions Linger About DTSA's Scope After Motorola Ruling

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    The Seventh Circuit’s recent ruling in Motorola v. Hytera, which held that the Defend Trade Secrets Act applies extraterritorially, does not address whether an act that furthers misappropriation must be committed by the defendant in order to satisfy the law's extraterritoriality requirement, say Ilissa Samplin and Grace Hart at Gibson Dunn.

  • Series

    After Chevron: Slowing Down AI In Medical Research

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    The U.S. Supreme Court's recent decision overturning the Chevron doctrine may inhibit agencies' regulatory efforts, potentially slowing down the approval and implementation of artificial intelligence-driven methodologies in medical research, as well as regulators' responses to public health emergencies, say Ragini Acharya and Matthew Deutsch at Husch Blackwell.

  • Opinion

    Conception Is The Proper Test For AI-Assisted Inventions

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    The U.S. Patent and Trademark Office should adopt the conception standard for reviewing AI-assisted inventions, and require the disclosure of artificial intelligence prompts and responses because they are material to patentability, which would then simplify the patent examiner’s invention decision, says Thomas Hamlin at Robins Kaplan.

  • Series

    Being A Luthier Makes Me A Better Lawyer

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    When I’m not working as an appellate lawyer, I spend my spare time building guitars — a craft known as luthiery — which has helped to enhance the discipline, patience and resilience needed to write better briefs, says Rob Carty at Nichols Brar.

  • Lead Like 'Ted Lasso' By Embracing Cognitive Diversity

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    The Apple TV+ series “Ted Lasso” aptly illustrates how embracing cognitive diversity can be a winning strategy for teams, providing a useful lesson for law firms, which can benefit significantly from fresh, diverse perspectives and collaborative problem-solving, says Paul Manuele at PR Manuele Consulting.

  • 3 Areas Of Enforcement Risk Facing The EV Industry

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    Companies in the EV manufacturing ecosystem are experiencing a boom in business, but with this boom comes increased regulatory and enforcement risks, from the corruption issues that have historically pervaded the extractive sector to newer risks posed by artificial intelligence, say attorneys at MoFo.

  • Nat'l Security Considerations For Telecom Products Counsel

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    An increase in federal national security measures in the telecommunications space, particularly from the Federal Communications Commission, means that products counsel need to broaden their considerations as they advise on new products and services, says Laura Stefani at Venable.

  • Preparing For Increased Scrutiny Of Tech Supply Chains

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    The U.S. Department of Commerce's recent action prohibiting sales of a Russia-based technology company's products in the U.S. is the first determination under the information technology supply chain rule, and signals plans to increase enforcement of protections that target companies in designated foreign adversary jurisdictions, say attorneys at Debevoise.

  • 5 Steps To Protect Your Business From Spoofed Email Fraud

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    In today's digital landscape, spoofed email fraud poses a significant threat to businesses, so specifying clear payment instructions and implementing robust verification protocols, among other steps, can significantly reduce the risk of falling victim to email fraud, says Bill Wagner at Taft.

  • How In-House IP Counsel Can Deal With AI's Rise

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    Generative artificial intelligence is poised to revolutionize intellectual property law, especially for smaller and midsize enterprises, meaning IP in-house counsel need to prioritize AI implementation to navigate the coming changes, says Friedrich Laub at Diasorin.

  • Analyzing FDA Draft Guidance On Clinical Trial Diversity

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    In light of the U.S. Food and Drug Administration's draft guidance on clinical trial diversity action plans, there are several important considerations for sponsors and clinical researchers to keep in mind to prevent delay in a drug or device application, say attorneys at Crowell & Moring.

  • What's New In The AI Healthcare Regulatory Space

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    Attorneys at Hogan Lovells review the current legal and regulatory landscape for artificial intelligence applications in healthcare, touching on policies around safety, transparency, nondiscrimination and reimbursement, and what to expect in the future.

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