Facebook’s IPO on Friday brought with it problems for NASDAQ.
The exchange’s CEO Robert Greifeld acknowledged that NASDAQ had a host of trading glitches on the day of the IPO, including a foul-up with the trading system’s ability to handle order cancellations.
Now, NASDAQ’s admission of its Facebook faux pas prompted an S.E.C. inquiry, and securities class action lawyers are prospecting for clients.
Judges often juggle hefty caseloads, particularly in intellectual property litigation.
Knowing this, lawyers serve their clients well by making concise, memorable, and effective arguments.
Take Cal Tech’s attorneys, for example. On Friday, they told the U.S. International Trade Commission (‘ITC’) that “RIM’s mobile phones and tablets are not essential to the public’s health and welfare and are hardly comparable to nuclear devices or burn beds.”
A new class-action lawsuit accuses Apple of raining on iCloud users’ service, charging that the company’s promise that “migrating from MobileMe to iCould would be ‘effortless’ was one of many “misrepresentations” to consumers.
The lawsuit alleges that Apple duped MobileMe customers into believing that they would get a newer, improved service, but that “their forced migration to the iCloud platform” has resulted in them “not be[ing] able to access the features they were promised by Apple.”
STMicroelectronics, a Swiss maker of Micro-Electric-Mechanical Systems (‘MEMS’) for accelerometers and gyroscopes in consumer products like iPads and iPhones filed a patent infringement lawsuit today against competitor InvenSense, Inc.
ST’s lawsuit alleges that Sunnyvale, California-based InvenSense is infringing nine (9) of the company’s patents being used in consumer electronic devices like gyroscopes and a “free-fall detection and free-fall protection system for portable electronics,” in addition to other MEMS patents.
A new patent infringement lawsuit accuses Apple, Electronic Arts, Target, Whole Foods, and other companies of violating a U.S. patent “for selectively rotating windows on a computer display.”
The lawsuit by Rotatable Technologies, LLC, a non-practicing entity (NPE), alleges that Apple iPhones and iPads violate U.S. Patent No. 6,326,978 for letting users rotate their device displays using the patent’s method.
A 1961 Illinois eavesdropping law “likely violates the First Amendment’s free speech-speech and free-press guarantees,” a federal appeals court ruled.
The 69-page decision by the U.S. Court of Appeals for the Seventh Circuit blocks enforcement of an Illinois criminal law that made it a felony to make audio recordings of Chicago police without receiving their consent.
What prompted the lawsuit?
Zynga, the online game maker of multimillion-dollar blockbuster games like FarmVille, Mafia Wars, and Words with Friends, sued French gaming company Kobojo today for trademark infringement over the company’s Pyramidville game (see it below).
At issue are Zynga’s trademark claims to all games ending with ville, the French word for town or village. Sacré bleu!
Zynga appears to be facing an uphill battle, however. Last month the USPTO sent the company a suspension letter halting the game maker’s attempt to trademark the word Ville. on hold.
Facebook filed its Amended S-1 Registration Statement (read it below) with the SEC today, a little more than two weeks before the social media company’s IPO.
The company, whose NASDAQ ticker symbol will be ‘FB’ estimates “the initial public offering price will be between $28.00 and $35.00 per share.” That would put Facebook’s corporate valuation at approximately $100 billion.
Of course, the company didn’t forget to list a few risks.
Today Oracle asked U.S. District Court Judge William Alsup to sidestep whatever verdict the jury ultimately reaches in the company’s Java code copyright trial against Google.
Oracle alleged that Google violated copyright law by refusing to license Sun’s Java software code, and allegedly incorporating copyright-protected source code into its Android OS for mobile devices. Oracle completed its acquisition of Sun in January 2010.
Oracle’s legal maneuver, known as judgment as a matter of law, argues that “no reasonable jury could find that Google did not infringe Oracle’s Java-related copyrights.” (Read the legal filing below)
A class-action lawsuit against Apple (read it below) accuses the tech giant of double billing customers for downloads made from the company’s iTunes Store.
The lawsuit filed by New York resident Robert Herskowitz alleges that Apple charged him twice for purchasing a single pop song, “Whataya Want from Me?”
(Note: if you’re going to get double billed for an iTunes download, it should at least be for a decent song or movie.)
Here is what Herskowitz says he did to try and make things right, and Apple’s response.
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