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Technology
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June 23, 2025
Buchalter Adds Trademark Pro From Hanson Bridgett In SF
Buchalter PC is expanding its intellectual property team, bringing in a Hanson Bridgett LLP trademark and copyright specialist as shareholder in its San Francisco office.
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June 23, 2025
Catching Up With Delaware's Chancery Court
The Delaware Supreme Court reversed a year-old $199 million judgment against TransCanada in a suit challenging a merger that occurred nearly a decade ago, Aspen Technology Inc. was hit with another suit over its pending $7.2 billion merger with Emerson Electric, and Nielson Holdings Ltd. secured a temporary restraining order against its spinoff. In case you missed it, here's the latest from the Delaware Chancery Court.
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June 23, 2025
Kennedys Expands With Litigators In Philly, Midwest
Kennedys Law LLP expanded its litigation team with the recent addition to its offices in Philadelphia and Chicago of four attorneys specializing in liability, insurance and cybersecurity.
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June 23, 2025
Asus Beats Lenovo's Patent-Based Bid To Bar Laptop Imports
The U.S. International Trade Commission has terminated a case related to Chinese computer firm Lenovo's efforts to use patent laws to block Taiwanese electronics-maker Asus from importing some of its Zenbook laptops.
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June 23, 2025
Ligado's AST Satellite Deal With $550M For Inmarsat Gets OK
A Delaware bankruptcy judge Monday approved insolvent satellite business Ligado Networks' deal with AST SpaceMobile Inc. that lets the companies work together to develop space-based broadband services, clearing a key hurdle in the debtor's path to securing confirmation of a restructuring plan that aims to cut almost $8 billion in debt.
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June 23, 2025
Wealthfront Joins IPO Pipeline With Confidential Filing
Digital wealth management firm Wealthfront Corp. said Monday that it confidentially filed for an initial public offering, marking a first step toward going public as more technology firms join a recovering IPO pipeline.
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June 23, 2025
Michael Best Adds AI Pro To Transactions Group In DC
Michael Best & Friedrich LLP has announced the firm recently welcomed to its transactional practice group an attorney who has more than two decades of experience working with regulatory, compliance and security matters associated with artificial intelligence governance, data privacy and cybersecurity matters.
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June 23, 2025
Illumina To Buy SomaLogic For Up To $425M
Biotechnology company Illumina Inc. on Monday announced plans to acquire data-driven proteomics technology company SomaLogic from its parent Standard BioTools for up to $425 million in a deal built by three law firms.
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June 23, 2025
Compass Sues Zillow Over Listing Ban
Real estate brokerage Compass sued Zillow in New York federal court Monday, alleging its ban on private listings and coordination with competitors to enforce it amounts to monopolistic behavior.
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June 23, 2025
Medical AI Co. Says Rival Targeted 'Crown Jewel' Source Code
OpenEvidence, a Massachusetts artificial intelligence company focusing on medical information, has filed a lawsuit in federal court accusing a competitor of using misappropriated personal information and sophisticated prompts in an attempt to pry trade secrets from the startup's platform.
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June 23, 2025
OpenAI Temporarily Blocked From Using IO Co. Trademark
OpenAI was temporarily blocked from using the trademark associated with acquired competitor IO Products Inc. by a California federal judge who said the mark poses a risk of confusion for technology company IYO Inc.
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June 23, 2025
4 Firms Build $1B Bitcoin SPAC Merger
Bitcoin-native financial services firm ProCap BTC, which is led by American investor and entrepreneur Anthony Pompliano, on Monday announced plans to go public through a merger with special purpose acquisition company Columbus Circle Capital Corp. I in a deal built by four law firms that will create a combined business with up to $1 billion in bitcoin on its balance sheet.
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June 23, 2025
IT Co. Can't Get Justices To Review White Worker's Bias Suit
The U.S. Supreme Court refused Monday to review a Third Circuit ruling that revived a proposed class action claiming a subsidiary of India-based Tech Mahindra unlawfully favored South Asian workers, despite the company's argument that the appeals court had deepened a circuit split.
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June 23, 2025
Getty-Shutterstock $3.7B Merger Faces UK Scrutiny
Britain's antitrust watchdog said Monday that it is looking into the proposed merger of Getty Images Holdings Inc. and Shutterstock Inc. to create a $3.7 billion visual content company, to decide if it will harm competition in U.K. markets.
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June 20, 2025
Ex-Sidley, Covington Partners Launch White Collar Boutique
The former global co-head of Sidley Austin LLP's white collar defense and investigations practice has joined an ex-white collar partner from Covington & Burling LLP to launch a boutique litigation firm based in New York.
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June 20, 2025
AT&T Customers' $177M Data Breach Deal Wins Initial OK
A Texas federal judge Friday gave her initial blessing to a $177 million settlement resolving a flood of claims accusing AT&T Inc. of failing to safeguard customers' sensitive information during two separate incidents that exposed the data of tens of millions of people.
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June 20, 2025
23andMe Judge Aims For Quick Decision On Sale To Founder
After a second all-day hearing, a Missouri bankruptcy judge said he would decide as quickly as he can on the proposed $305 million sale of genetic testing company 23andMe to a nonprofit led by co-founder Anne Wojcicki.
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June 20, 2025
High Court Urged To Rein In FDA Oversight Of Stem Cells
The Association of American Physicians and Surgeons asked the U.S. Supreme Court Friday to review a Ninth Circuit decision the organization argued would wrongly give the government control over a patient's own stem cells.
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June 20, 2025
Bloomingdale's Website Tracking Suit Revived On CIPA Claim
The Ninth Circuit on Friday reversed the toss of a proposed class action accusing Bloomingdale's of illegally capturing website visitors' activities in violation of the California Invasion of Privacy Act, finding the plaintiff had sufficiently alleged that the retailer had disclosed the "contents" of her communications to a third-party software provider.
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June 20, 2025
MicroStrategy Brass Face Suit Over $5.9B Bitcoin Loss
Executives and directors of bitcoin-focused software company MicroStrategy Inc. face a shareholder derivative complaint alleging they made over $31 million selling off company stock while its shares were artificially inflated by misrepresentations about the magnitude of upcoming changes to the company's accounting practices for its so-called bitcoin treasury.
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June 20, 2025
Meta Enables Investment Scams Via Facebook Ads, Suit Says
Facebook and Instagram users Friday lodged a putative class action accusing Meta of turning a blind eye to scam advertisements on its platforms, telling a California federal court the social media giant enabled a Chinese penny stock investment scam that cost victim investors at least $300 million.
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June 20, 2025
Many Foreign Firms Could Face Stricter Access To US Markets
The U.S. Securities and Exchange Commission's reevaluation of the definition of a foreign private issuer could have far-reaching consequences, potentially tightening access to U.S. markets for companies based in China and beyond, lawyers say.
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June 20, 2025
Walmart Shells Out $10M To Resolve FTC Money Transfer Suit
Walmart has agreed to pay $10 million to put to rest the Federal Trade Commission's allegations that the retailer "turned a blind eye to scammers" who facilitated fraud through its money transfer services, according to an announcement made Friday.
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June 20, 2025
Apple Hit With Securities Suit Over IPhone AI Feature Delays
An Apple investor hit the tech giant and its top brass with a proposed securities class action in California federal court Friday, alleging they duped investors into believing Apple would launch new artificial intelligence Siri features on the iPhone 16 and caused Apple stock to tumble after the rollout was delayed repeatedly.
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June 20, 2025
9th Circ. Says NY Claims Against Hyundai Raise 'Novel' Issue
A split panel of the Ninth Circuit Friday refused to toss negligence claims from cities in Ohio and Wisconsin in consolidated litigation alleging Hyundai and Kia, of which Hyundai is a major shareholder, sold vehicles with design flaws that enabled car thefts nationwide, but said negligence claims under New York law "raise a novel issue" of state law.
Expert Analysis
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Collective Cert. In Age Bias Suit Shows AI Hiring Tool Scrutiny
Following a California federal court's ruling in Mobley v. Workday, which appears to be the first in the country to preliminarily certify a collective action based on alleged age discrimination from artificial intelligence tools used for hiring, employers should move quickly to audit these technologies, say attorneys at Davis Wright.
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Google Case Amicus Briefs Reveal Patent Damage Fault Lines
The 21 amicus briefs filed before the en banc rehearing of EcoFactor v. Google offer opposing viewpoints on important patent damages issues that extend beyond the specific question the Federal Circuit eventually ruled on, helping practitioners anticipate and address likely objections to future damages opinions, say attorneys at Stout.
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Fledgling Crypto ATM Regs May Be Due For A Growth Spurt
As cryptocurrency ATM use and availability become more prevalent within the U.S. financial services ecosystem, states — only a few of which currently have a crypto ATM framework — may need to consider expanding legislation and regulation to accelerate consumer fraud protection practices, says Jason Noto at Polsinelli.
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The Legal Risks Of US Restrictions On Investments In China
The second Trump administration has continued to embrace a more restrictive economic policy toward China, including an ongoing review of further restrictions on the flow of U.S. capital to China, so early planning and enhanced diligence can reduce exposure to the challenges resulting from further restrictions, say attorneys at Cleary.
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Using Federal Forum Provisions To Nix State Securities Cases
A California appeals court's recent decision in Bullock v. Rivian clarifies that underwriters may enforce federal forum provisions to escape state court Securities Act claims, marking progress in restoring such lawsuits to federal court and reducing the litigation costs arising from duplicative state court litigation, say attorneys at Paul Weiss.
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International Ramifications Of Canada's Health AI Moves
Recent artificial intelligence developments in Canada's health industry are creating ripple effects for global investors, cross-border innovators and legal practitioners, and may create opportunities for U.S. companies rethinking their international strategies, says Atoussa Mahmoudpour at AMR Law.
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Series
Playing Poker Makes Me A Better Lawyer
Poker is a master class in psychology, risk management and strategic thinking, and I’m a better attorney because it has taught me to read my opponents, adapt when I’m dealt the unexpected and stay patient until I'm ready to reveal my hand, says Casey Kingsley at McCreadyLaw.
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Opinion
Why It's Time To Retire The Efficient Market Hypothesis
As agentic artificial intelligence systems increasingly affect financial markets, the efficient market hypothesis no longer offers a viable foundation for legal and regulatory engagement, and a new theoretical foundation is needed, say Zachary Brenner, a student at California Western School of Law, and attorney Gary Brenner.
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Avoiding The Risk Of Continued AI-Washing Enforcement
A recent action brought by the U.S. Securities and Exchange Commission and Department of Justice, alleging a software developer defrauded investors by lying about his app’s artificial intelligence capabilities, suggests this administration will continue to target AI washing, so companies should adopt practices to mitigate enforcement risk, say attorneys at Debevoise.
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Series
Law School's Missed Lessons: Becoming A Firmwide MVP
Though lawyers don't have a neat metric like baseball players for measuring the value they contribute to their organizations, the sooner new attorneys learn skills frequently skipped in law school — like networking, marketing, client development and case evaluation — the more valuable, and less replaceable, they will be, says Alex Barnett at DiCello Levitt.
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9th Circ. Ruling Clarifies Derivative Suit Representation Test
The Ninth Circuit's recent ruling in Bigfoot Ventures v. Knighton clarifies the test used to assess the adequacy of a plaintiff's representation in a shareholder derivative action, and will likely prove useful to litigants by ensuring that courts can fully examine all relevant circumstances, say attorneys at Simpson Thacher.
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Patenting AI And Machine Learning In The Wake Of Recentive
Though the Federal Circuit's recent decision in Recentive Analytics v. Fox Corp. initially appears to doom patents related to artificial intelligence and machine learning, a closer look shows that strategies for successfully drafting and prosecuting such patents offer hope despite increased pushback from the U.S. Patent and Trademark Office, say attorneys at Banner Witcoff.
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Big Tech M&A Risk Under Trump May Resemble Biden Era
Merger review under the Trump administration may not differ substantially from merger review under the Biden administration, particularly in the Big Tech arena, in which case dealmakers and investors should shift the antitrust discount on M&A deals upward, says Jonathan Barnett at the University of Southern California Gould School of Law.
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Trade Secrets Would Likely See Court Protection From GenAI
The advent of generative artificial intelligence has given rise to debate about how this technology will affect intellectual property rights and trade secret protections in particular, but courts to date have protected owners when technological advances have facilitated new means for trade secret theft, say attorneys at Kilpatrick Townsend.
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How Mass Arbitration Defense Strategies Have Fared In Court
As businesses face consumers who leverage arbitration agreements to compel mass arbitration, companies are trying defense strategies like batching arbitration cases to reduce costs, and escaping specific mass arbitrations without rejecting the process completely, with varying results in the courtroom, say attorneys at Montgomery McCracken.