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Legal / Law Matters

  • 7 Simple Steps to a Patent for Your Big Idea Money Talks News - Wed, Nov 16, 2016 12:32 PM EST

    The first step to getting a patent is something not even listed on the U.S. Patent Office page. DIY patent applications in which you do everything yourself. Patent attorneys who charge an arm and a leg but may be worth the cost.

  • Target says it has offered to pay $10 million to settle a class-action lawsuit brought against it following a massive data breach in 2013.

  • Few Target victims to benefit from settlement @ USA TODAY - Thu, Mar 19, 2015 7:20 PM EDT

    $10 million settlement requires shoppers to submit documentation showing harm.

  • AT&T Has to Pay $40 Million Because It Didn’t Read a Document @ Bloomberg - Thu, Mar 19, 2015 12:38 PM EDT

    AT&T missed a deadline to appeal a jury verdict for $27.5 million, plus interest, won by closely held Two-Way Media LLC for using its technology for tracking what you watch on streaming video services. The problem started with a faulty court docket notice, which said the trial judge had granted AT&T’s request to seal some …

  • The Bank of New York Mellon Corp. building at 1 Wall St. is seen in New York's financial district

    Federal and New York state authorities, among others, had accused BNY Mellon of telling clients it would provide the best possible execution for their currency transactions, but instead giving them prices at or near the worst interbank rates during the trading day. Meantime, authorities said, BNY Mellon obtained better …

  • JP Morgan Chase & Co sign outside headquarters in New York

    A U.S. federal judge tossed out a lawsuit brought by non-profit group Better Markets that sought to block a $13 billion settlement JPMorgan Chase & Co reached with the U.S. Justice Department over shoddy mortgage loans sold to investors before the financial crisis. Judge Beryl A. Howell accepted a motion by the Justice …

  • A U.S. federal judge tossed out a lawsuit brought by non-profit group Better Markets that sought to block a $13 billion settlement JPMorgan Chase & Co reached with the U.S. Justice Department over shoddy mortgage loans sold to investors before the financial crisis. Judge Beryl A. Howell accepted a motion by the Justice …

  • Scotiabank sues Cliffs Natural for breach of loan terms Reuters - Thu, Mar 19, 2015 12:06 PM EDT
    Snow covers the Scotiabank logo at the Bank of Nova Scotia headquarters in Toronto

    Cliffs in January stopped production at its Bloom Lake mine in Quebec, where costs exceeded expectations, and started restructuring the Canadian operations after years of weak iron ore prices. Cliffs' shares fell as much as 7.2 percent in morning trading on the New York Stock Exchange on Thursday.

  • Scotiabank sues Cliffs Natural for breach of loan terms Reuters - Thu, Mar 19, 2015 12:05 PM EDT

    Canada's Bank of Nova Scotia sued Cliffs Natural Resources Inc, saying the U.S. iron ore miner had breached terms of a loan agreement when it filed for creditor protection for its Canadian operations. Cliffs in January stopped production at its Bloom Lake mine in Quebec, where costs exceeded expectations, and started …

  • Bank of New York Mellon Corp has agreed to pay $714 million to settle allegations that the bank overcharged pension funds and other clients for foreign exchange services, U.S. federal and state authorities said on Thursday. Federal and New York state authorities, among others, had accused BNY Mellon of telling clients …

  • Judge to OK Target's $10-million data-breach settlement @ Los Angeles Times - Thu, Mar 19, 2015 1:44 PM EDT

    A federal judge said he would approve Target’s proposed $10-million settlement of a class-action lawsuit stemming from a 2013 data breach.

  • Target poised to settle breach for $10 million @ USA TODAY - Thu, Mar 19, 2015 10:07 AM EDT

    Target poised to settle breach for $10 million

  • Hedge fund manager Bill Ackman has little to...

  • Kleiner Perkins judge to decide on Ellen Pao's claim for punitive damages @ San Jose Mercury News - Thu, Mar 19, 2015 8:59 AM EDT

    A potential partial victory for Kleiner Perkins Caufield & Byers may be in the works as a Superior Court judge considers granting a motion that would throw out Ellen Pao's claim for punitive damages in ...

  • An increasingly popular legal strategy that allows hedge funds to make potentially lucrative bets on takeover deals, and get a return even if they lose, may be about to become much less attractive.     The strategy usually involves buying stock in a Delaware-incorporated company that is being acquired and then filing a …

  • WASHINGTON/NEW YORK, March 18 (Reuters) - Trade associations representing large U.S. Internet service providers are expected to take the lead in suing the Federal Communications Commission over its new web traffic regulations, according to several people familiar with the plan. U.S. telecom and cable firms have said …

  • An increasingly popular legal strategy that allows hedge funds to make potentially lucrative bets on takeover deals, and get a return even if they lose, may be about to become much less attractive. The strategy usually involves buying stock in a Delaware-incorporated company that is being acquired and then filing …

  • The strategy usually involves buying stock in a Delaware-incorporated company that is being acquired and then filing a claim that gets a judge to determine the fair price for the shares in a process known as appraisal. The lawyers’ proposals have traditionally been approved with little opposition by Delaware’s state legislature. …

  • An increasingly popular legal strategy that allows hedge funds to make potentially lucrative bets on takeover deals, and get a return even if they lose, may be about to become much less attractive. The strategy usually involves buying stock in a Delaware-incorporated company that is being acquired and then filing …

  • Smith & Nephew, High Times, Mary Kay: Intellectual Property @ Bloomberg - Thu, Mar 19, 2015 12:01 AM EDT

    Smith & Nephew filed the case in January 2004. In its March 18 ruling, the appeals court said the dispute included three trials and two previous appeals. The appeal is Smith & Nephew Inc. v. Arthrex Inc., 14-1691, U.S. Court of Appeals for the Federal Circuit. The lower court case is Smith & Nephew Inc. v. Arthrex Inc., …

  • Margin Rule Delay, Biomet Monitoring, African Bank: Compliance @ Bloomberg - Thu, Mar 19, 2015 12:01 AM EDT

    International regulators said the date for beginning to phase in the measures would be September 2016, compared with previous plans for a December 2015 start. “The full phase-in schedule has been adjusted to reflect this nine-month delay,” the Basel Committee on Banking Supervision and the International Organization of …

  • Investors Can’t Use Ackman’s Herbalife Claims: Business of Law @ Bloomberg - Thu, Mar 19, 2015 12:01 AM EDT

    Ackman’s allegations aren’t evidence that Herbalife committed fraud, U.S. District Judge Dale S. Fischer in Los Angeles wrote in a March 16 ruling. Herbalife relies on outside distributors to sell its weight-loss products. “We welcome the decision by the court to dismiss the case,” Julian Cacchioli, a spokesman for Herbalife, …

  • The exterior of a Target store is seen in the Chicago suburb of Evanston, Illinois

    Target Corp (TGT.N) has agreed to pay $10 million in a proposed settlement of a class-action lawsuit related to a huge 2013 data breach that consumers say compromised their personal financial information, court documents show. Under the proposal, which requires federal court approval, Target will deposit the settlement …

  • Target Corp has agreed to pay $10 million in a proposed settlement of a class-action lawsuit related to a huge 2013 data breach that consumers say compromised their personal financial information, court documents show. Under the proposal, which requires federal court approval, Target will deposit the settlement amount …

  • Ex-Rabobank Trader Sued in Singapore for Hiding Libor Rig Probe @ Bloomberg - Wed, Mar 18, 2015 10:19 PM EDT

    Omae Capital Management Pte is seeking S$3.75 million ($2.7 million) from Motomura, who told the firm about six months after it started operations that he had been charged in the U.S., according to a lawsuit filed in October. Motomura’s lawyer asked the Singapore High Court last week to dismiss the suit as it hadn’t been …

  • Target Corp has agreed to pay $10 million in a proposed settlement of a class-action lawsuit related to a huge 2013 data breach, CBS News reported on Wednesday, citing a company spokeswoman. The proposal, ...

  • The Federal Communications Commission (FCC) logo is seen before the FCC Net Neutrality hearing in Washington

    WASHINGTON/NEW YORK (Reuters) - Trade associations representing large U.S. Internet service providers are expected to take the lead in suing the Federal Communications Commission over its new web traffic regulations, according to several people familiar with the plan. U.S. telecom and cable firms have said they would challenge …

  • The Federal Communications Commission (FCC) logo is seen before the FCC Net Neutrality hearing in Washington

    WASHINGTON/NEW YORK (Reuters) - Trade associations representing large U.S. Internet service providers are expected to take the lead in suing the Federal Communications Commission over its new web traffic regulations, according to several people familiar with the plan. U.S. telecom and cable firms have said they would challenge …

  • Salus Capital LLC filed an adversary complaint on Wednesday in RadioShack Corp's Chapter 11 bankruptcy that seeks to hold credit bidding in the electronic retailer's upcoming auction to $111 million. RadioShack won bankruptcy court approval last month to auction about 2,000 of its stores with an initial $200 million bid …

  • The exterior of a RadioShack store is seen in New York

    Salus Capital LLC filed an adversary complaint on Wednesday in RadioShack Corp's Chapter 11 bankruptcy that seeks to hold credit bidding in the electronic retailer's upcoming auction to $111 million. RadioShack won bankruptcy court approval last month to auction about 2,000 of its stores with an initial $200 million bid …

  • Former employee sues Facebook, alleging discrimination @ Los Angeles Times - Wed, Mar 18, 2015 8:35 PM EDT

    A former Facebook employee has filed a discrimination lawsuit against the social media giant, alleging that the company treated her differently because of her gender and race.

  • The exterior of a RadioShack store is seen in New York

    Salus Capital LLC filed an adversary complaint on Wednesday in RadioShack Corp's Chapter 11 bankruptcy that seeks to hold credit bidding in the electronic retailer's upcoming auction to $111 million. RadioShack won bankruptcy court approval last month to auction about 2,000 of its stores with an initial $200 million bid …

  • Salus Capital LLC filed an adversary complaint on Wednesday in RadioShack Corp's Chapter 11 bankruptcy that seeks to hold credit bidding in the electronic retailer's upcoming auction to $111 million. RadioShack won bankruptcy court approval last month to auction about 2,000 of its stores with an initial $200 million bid …

  • Salus Capital LLC filed an adversary complaint on Wednesday in RadioShack Corp's Chapter 11 bankruptcy that seeks to hold credit bidding in the electronic retailer's upcoming auction to $111 million. RadioShack won bankruptcy court approval last month to auction about 2,000 of its stores with an initial $200 million …

  • Facebook sued by ex-employee claiming sex and racial discrimination @ San Jose Mercury News - Wed, Mar 18, 2015 5:33 PM EDT

    Former Facebook employee Chia Hong claims she was harrassed and discriminated against when she worked for the social network between 2010 and 2013.

  • Herbalife stock price jumps after judge tosses shareholder lawsuit @ Los Angeles Times - Wed, Mar 18, 2015 5:20 PM EDT

    Herbalife Ltd. stock surged after a federal judge dismissed a shareholder lawsuit that had included many of the allegations that activist investor Bill Ackman has hurled at the company for more than two ...

  • A California jury on Wednesday cleared former Chicago Bears wide receiver Willie Gault of intentionally defrauding investors in a scheme to inflate the price of stock in the heart-monitoring device company Heart Tronics. "Mr. Gault entered the courtroom today with the shroud of serious securities fraud violations …

  • A Citibank ATM is seen in Los Angeles

    Citigroup Inc has sued a Connecticut firm founded by two former Goldman Sachs partners for $25 million over losses incurred during the unexpected surge in the Swiss franc in January. The lawsuit, filed in Manhattan federal court on Friday, accused Tormar Associates LLC of breach of contract for failing to pay the amount …

  • Citigroup Inc has sued a Connecticut firm founded by two former Goldman Sachs partners for $25 million over losses incurred during the unexpected surge in the Swiss franc in January. The lawsuit, filed in Manhattan federal court on Friday, accused Tormar Associates LLC of breach of contract for failing to pay the …

  • California taxis sue Uber, allege false advertising, unfair competition @ Los Angeles Times - Wed, Mar 18, 2015 2:24 PM EDT

    Taxi drivers in California must submit to fingerprinting for criminal background checks. UberX drivers don't have to. Yet Uber Technologies advertises itself as "the safest rides on the road" ...

  • Herbalife wins dismissal of U.S. 'pyramid scheme' lawsuit Reuters - Wed, Mar 18, 2015 1:54 PM EDT
    Herbalife ticker is seen at the post where its stock is traded on the floor of the New York Stock Exchange

    U.S. District Judge Dale Fischer in Los Angeles said that shareholders led by two pension funds did not show that questions raised about Herbalife's business by hedge fund manager William Ackman and various investigators showed that the company had fraudulently inflated its stock price. Ackman and his Pershing Square Capital …

  • Microsoft must face Xbox 360 class action claims Reuters - Wed, Mar 18, 2015 1:46 PM EDT
    Attendees walk past an Xbox sign at the 2014 Electronic Entertainment Expo, known as E3, in Los Angeles

    The 9th U.S. Circuit Court of Appeals in Seattle said a lower court judge misapplied the law in finding that Xbox owners in the United States could not sue for damages as a group. It did not decide whether a class action should be certified. Microsoft has sold tens of millions of Xbox 360 consoles since their Nov. 2005 …

  • Microsoft must face Xbox 360 class action claims Reuters - Wed, Mar 18, 2015 1:46 PM EDT
    Attendees walk past an Xbox sign at the 2014 Electronic Entertainment Expo, known as E3, in Los Angeles

    The 9th U.S. Circuit Court of Appeals in Seattle said a lower court judge misapplied the law in finding that Xbox owners in the United States could not sue for damages as a group. It did not decide whether a class action should be certified. Microsoft has sold tens of millions of Xbox 360 consoles since their Nov. 2005 …

  • Developing countries facing potentially pricey legal challenges from big tobacco firms are to get help from a new $4 million fund created by the philanthropists Bill Gates and Michael Bloomberg. Announcing the creation of the anti-tobacco trade litigation fund on Wednesday, Bloomberg Philanthropies and the Bill &  …

  • Microsoft must face Xbox 360 class action claims Reuters - Wed, Mar 18, 2015 1:41 PM EDT

    The 9th U.S. Circuit Court of Appeals in Seattle said a lower court judge misapplied the law in finding that Xbox owners in the United States could not sue for damages as a group. It did not decide whether a class action should be certified. Microsoft has sold tens of millions of Xbox 360 consoles since their Nov. 2005 …

  • Microsoft must face Xbox 360 class action claims Reuters - Wed, Mar 18, 2015 1:36 PM EDT

    Microsoft Corp must face class action claims by Xbox 360 owners who say the video game console has a design defect that causes game discs to be gouged, a federal appeals court ruled on Wednesday. The 9th U.S. Circuit Court of Appeals in Seattle said a lower court judge misapplied the law in finding that Xbox owners …

  • German court bans Uber's unlicensed taxi services Reuters - Wed, Mar 18, 2015 1:33 PM EDT
    An illustration picture shows the logo of car-sharing service app Uber on a smartphone next to the picture of an official German taxi sign

    A German court on Wednesday banned Uber from running services using unlicensed cab drivers and set stiff fines for any violations of local transport laws by the pioneering online taxi firm.     Uber, worth an estimated $40 billion making it the world's most valuable venture-backed start-up, has set out to revolutionise …

  • German court bans Uber's unlicensed taxi services Reuters - Wed, Mar 18, 2015 1:33 PM EDT
    An illustration picture shows the logo of car-sharing service app Uber on a smartphone next to the picture of an official German taxi sign

    A German court on Wednesday banned Uber from running services using unlicensed cab drivers and set stiff fines for any violations of local transport laws by the pioneering online taxi firm.     Uber, worth an estimated $40 billion making it the world's most valuable venture-backed start-up, has set out to revolutionise …

  • A U.S. judge has denied a business group's bid to block part of a law that will raise Seattle's minimum hourly wage to $15, rejecting claims that it favors independent businesses over franchises. U.S. District Judge Richard Jones in Seattle on Tuesday said the International Franchise Association had failed to back …

  • A federal appeals court on Wednesday revived class-action allegations in which owners of Microsoft Corp Xbox 360 video game consoles sued the company over an alleged design defect that causes game discs ...

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