Silicon Valley Bank's former treasurer defended the bank's former leadership Monday during a California federal bench trial over the FDIC's claim they mismanaged its assets before its 2023 collapse, saying he never observed anyone take actions he believed risked the soundness of the financial institution.
Silicon Valley Bank's former treasurer defended the bank's former leadership Monday during a California federal bench trial over the FDIC's claim they mismanaged its assets before its 2023 collapse, saying he never observed anyone take actions he believed risked the soundness of the financial institution.
The Seventh Circuit refused Monday to revive a lawsuit alleging Infosys Technologies exhibited systemic bias against workers who weren't of South Asian descent, finding no issue with the trial court's rejection of an expert who admitted he lacked experience with the name-recognition methodology he used.
The Seventh Circuit has vacated a novel biometric privacy settlement between Clearview AI and classes of individuals who claim the company misused their public photos, saying a nationwide class representative should have signaled their agreement before the district court approved a deal containing such comparatively "meager" benefits.
A California federal judge granted Netflix Inc. $3 million in attorney fees on Monday, ruling that the plaintiff in a patent suit and his attorney knew that his claims of ownership were "objectively baseless" and worked to conceal a Finnish court's determination that he did not own the patent.
U.S. District Judge James Donato has already told Epic and Google that he's "not going to keep" going back and forth with them about changes they want to an injunction he has to issue following Epic's antitrust trial win against Google, and now a court-appointed expert has informed him she has issues with the proposed changes as well.
Counsel for a former Google software engineer accused of raking in over $1.2 million by leveraging the tech giant's confidential information to place bets on Polymarket told a Manhattan federal judge Monday about a number of defenses they are considering to fight the novel allegations of prediction market-based insider trading.
A former BlackBerry executive who alleges CEO John Giamatteo sexually harassed her before he landed the top job can pursue claims for retaliation and wrongful termination but not claims for gender discrimination, a California federal judge has ruled.
A Los Angeles judge dismissed a lawsuit Monday by an artificial intelligence researcher who alleged the company ignored numerous laws in a frantic attempt to catch up to its artificial intelligence rivals after the parties reached an out-of-court settlement.
The Federal Communications Commission has announced a list of counties across the country in which eligible telecommunications carriers will no longer be required to advertise and offer Lifeline-supported voice service.
New Jersey regulators won't immediately enforce a sweeping data broker law that took effect in June, announcing Friday covered businesses have to register and pay a potentially hefty registration fee until spring, and it would consider complaints about the law's lack of clarity in policing its sensitive data sales ban.
The Federal Circuit on Monday gave Google a new chance to invalidate a patent covering a voice-operated internet browsing system, saying the Patent Trial and Appeal Board needs to take another look at the company's challenge.
A Swiss company infringed IBM patents covering its mainframe software, a Western District of Texas judge found Monday, although he declined for now to give the tech giant a win on the trade secrets component of its case.
A North Carolina federal judge has faulted a software company's "lack of diligence" in submitting proper paperwork to the U.S. Patent and Trademark Office and notifying the court its trademark was canceled as the judge denied the company's request to amend its lawsuit against a European rival.
A California federal judge dismissed a proposed class action accusing Blue Shield of California of violating the federal Wiretap Act by installing Google and Meta tracking tools on its website, saying plaintiffs failed to allege that the health plan provider intercepted their highly sensitive health-related electronic communications.
AT&T, Verizon Wireless and T-Mobile have agreed to settle lawsuits accusing them of infringing wireless communications system patents the cellular carriers unsuccessfully tried to invalidate at the Patent Trial and Appeal Board.
A couple who sought financing from nationwide lender BHG Financial LLC to open an esports gaming café has settled a lawsuit alleging the loan agreement was usurious and contained "unconscionable terms," according to an order in North Carolina federal court.
A Texas federal judge has recommended allowing Toyota to avoid allegations it infringed a half dozen vehicle infotainment patents, saying the automaker already has a license to the intellectual property.
WebAI Inc. has told a North Carolina federal court that a complaint by former engineers alleging an executive's conduct jeopardized huge deals is merely an attempt by disgruntled employees to conjure a multicount lawsuit from a lawful employment separation.
Sony Music Holdings Inc. has asked an Atlanta federal judge to order the artist behind NSYNC's "Bye Bye Bye" choreography to pay its attorney fees after he dropped Sony from a copyright infringement suit, saying the case should have never been filed and was prolonged unnecessarily.
A staffing company accused of failing to provide laborers with required employment notices and assignment-related disclosures in violation of Illinois law said it is entitled to a defense under its commercial lines policies, telling a federal court that its insurer wrongfully refused coverage for the proposed class action.
A casino and entertainment company moved Monday to dismiss a former employee's proposed class action over a 2024 cyberattack, telling a Colorado federal court she lacks standing to sue and failed to show her alleged injuries were caused by the security incident.
SpaceX asked a Texas federal judge to trim a group of homeowners' claims alleging the company's rocket activity at its Starbase facility repeatedly damaged their homes with noise, vibrations and sonic booms, saying Texas law doesn't allow for noneconomic damages in this case.
A North Carolina resident accusing Capital One's data processor Fidelity National Information Services of failing to prevent a power outage that prevented her and others from accessing funds has asked a district court for permission to file a bolstered version of her class claims following their dismissal without prejudice.
Japan's Maxell Ltd. alleged in a U.S. International Trade Commission suit Friday that South Korea-based Samsung's smartphones and tablets infringe six patents, days after an ITC judge backed Maxell in a separate case and recommended an import ban on infringing Samsung devices.
The Federal Circuit on Monday upheld a decision from the Patent Trial and Appeal Board invalidating six claims of a "smart" alarm device patent that was challenged by Roku Inc.
A Missouri bankruptcy judge has told attorneys representing California the state can no longer press its data breach lawsuit against the reorganized 23andMe, finding the state court action is barred by the company's confirmed Chapter 11 plan.
A semiconductor company employee was convicted on Monday of sharing navigation technology with potential military applications with an Iranian business associate in violation of U.S. sanctions.
Shopify's confidential copyright settlement with Shopline, which agreed to stop distributing a disputed storefront theme, raises questions about how far copyright law can protect open-source software without undermining the collaboration that drives development, says Lindsey Sasson at Hach Rose.
Two recent federal court decisions to allow AI washing complaints to proceed begin to clarify the line between nonactionable optimism and actionable misstatements by framing the core issue as not overstating the promise of artificial intelligence, but misrepresenting the current state of a company's products, say attorneys at WilmerHale.
The second quarter brought several notable financial services law developments to Michigan, including a U.S. Supreme Court ruling on state tax foreclosures, progress on a money transmission modernization bill package, and continued legislative momentum on cryptocurrency and mortgage lending, say attorneys at Dykema.
Federal Circuit Judge Pauline Newman did not ask the U.S. Supreme Court to reconsider her bid to save a suit against her fellow judges for suspending her from the bench over her refusal to undergo medical tests.
A Texas bankruptcy judge has recommended approval of nine settlements regarding legal fees paid to Jackson Walker LLP connected to a former firm partner's romantic relationship with a then-bankruptcy judge, with the firm agreeing to pay $4.79 million in total, including $1.4 million to the estate of J.C. Penney.
President Donald Trump's $10 billion suit against his own Internal Revenue Service and the resulting settlement deal lacked a legitimate controversy, given Trump's control over both the agency and the U.S. Department of Justice, a Florida district judge said Monday in an order barring Trump or others from citing the deal.
Wells Fargo will pay $50 million to settle a proposed class action alleging it knowingly helped a Las Vegas attorney run a multimillion-dollar Ponzi scheme deceiving investor victims into fronting money for borrowers awaiting personal injury settlement payouts, according to a preliminary approval order issued in Nevada federal court.
A Michigan-based mass tort law firm and a pair of affiliate firms are violating federal and Texas state laws through an artificial intelligence-generated telemarketing campaign meant to solicit clients, according to a putative class action filed in Texas federal court.
The Senate voted 46-44 Monday evening to confirm Executive Assistant U.S. Attorney Arthur "Rob" Jones as a U.S. district judge to serve on the Southern District of Texas bench.
The Senate Judiciary Committee will still hold the confirmation hearing for Todd Blanche's nomination to be attorney general on Wednesday, despite the death of committee member Sen. Lindsey Graham, R-S.C., over the weekend.
