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TOP NEWS
9th Circ. Erases Comet's $40M Trade Secret Verdict
By Ivan Moreno
A split Ninth Circuit panel on Tuesday overturned Comet Technologies USA's $40 million trade secret verdict against XP Power and ordered a new trial, holding in a precedential decision that the jury was wrongly instructed that XP had to prove Comet's claimed secrets could have been lawfully discovered or reverse-engineered.
2 documents attached |
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Silicon Valley Bank Ignored BlackRock's Advice, Judge Hears
By Bonnie Eslinger
Silicon Valley Bank disregarded advice from BlackRock's investment advisory firm suggesting the bank reduce the amount of its long-term mortgage-backed securities, the bank's former treasurer acknowledged Tuesday under questioning from a California federal judge during a bench trial over the Federal Deposit Insurance Corporation's claim SVB mismanaged its assets before its 2023 collapse.
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POLICY & REGULATION
LITIGATION
2 Firms Tapped To Lead Super Micro Investor Action
By Sydney Price
A California federal judge has appointed Kessler Topaz Meltzer & Check LLP and Bernstein Litowitz Berger & Grossmann LLP to lead a now-consolidated investor class action alleging Super Micro Computer failed to disclose that a large portion of its server sales were made to Chinese companies in transactions that violated U.S. export controls and led to three arrests.
Order attached |
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DEALS
BANKRUPTCY
ENFORCEMENT
'Bulletproof Hosting' Providers Indicted For Aiding Hacks
By Allison Grande
A trio of Russian nationals and the "bulletproof hosting" services they operated have been indicted by a federal grand jury in Ohio on charges that they helped facilitate cyberattacks against banks, hospitals and other critical infrastructure operators across nearly two dozen states and several countries, leading to more than $62 million in losses, according to court documents unsealed Tuesday.
Indictment attached |
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PEOPLE
EXPERT ANALYSIS
LEGAL INDUSTRY
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