WeWork co-founder Adam Neumann files lawsuit against SoftBank Group Corp and its Vision Fund against wrongful termination of tender

Adam Neumann, WeWork’s co-founder has filed a lawsuit against SoftBank Group Corp and against its Vision Fund for terminating a $3 billion tender offer to the office-sharing startup’s shareholders. In October, the tender was part of a $9.6 billion financial rescue package that SoftBank had agreed to, following which WeWork gave it control of the…

Uber Eats, Postmates, Grubhub and DoorDash face proposed class action lawsuit over charging exorbitant fees midst coronavirus pandemic

In a proposed class action suit filed in Manhattan federal court, three customers have sued GrubHub, Postmates, DoorDash, and Uber Eats for allegedly exploiting their dominance in restaurant meal deliveries to impose fees that consumers ultimately bear through higher menu prices; this includes the current timeframe of the coronavirus pandemic when most U.S. cities are…

Sharp drags Vizio Inc, Xianyang CaiHong Optoelectronics Technology and TPV Technology to court over patent infringements

Japan’s Sharp Corp has filed a patent infringement lawsuit against U.S. TV brand Vizio Inc and two others in an attempt to seek an injunction to ban one of Vizio’s TV products in the United States. In a statement, Sharp, a unit of Taiwan’s Foxconn, said Vizio’s 70-inch TV product uses liquid crystal display (LCD)…

Former head of Uber’s self-driving unit Anthony Levandowski files for Chapter 11 bankruptcy

Anthony Levandowski, the former head of Uber Technologies Inc’s self-driving technology unit, has filed for bankruptcy protection following a court order confirming that he must pay $179 million to Google to end a lawsuit over his split from Alphabet Inc’s Waymo. In December, an arbitration panel had ruled that Levandowski, a former key engineer in…

Apple Inc to pay $440M to VirnetX Inc for patent infringements

In a blow to Apple Inc, the U.S. Supreme Court has ruled that Cupertino cannot avoid paying $440 million in damages for using VirnetX Inc’s patented internet security technology without permission. Apple uses VirnetX Inc’s technologies in its FaceTime video calling features. Supreme court justices rejected Apple’s appeal in the long-running case concurring with a…

Pentagon’s $10B cloud computing JEDI contract with Microsoft paused over Amazon’s lawsuit

A U.S. judge has allowed Amazon.com Inc’s motion to temporarily halt the U.S. Department of Defense and Microsoft Corp’s $10 billion cloud computing deal which Amazon said was reflective of President Donald Trump’s undue influence. In November 2019, Amazon, which had been seen as a front-runner to win the cloud computing contract, had filed a…

Illinois users reach $550M settlement with Facebook over illegal collection and storage of biometric data

In a statement Facebook Inc said, it has in principle reached a $550 million settlement related to a lawsuit that claimed the social media giant had illegally collected and stored biometric data for millions of users without their consent. The lawsuit was filed in 2015 with Illinois users dragging Facebook to court for violating the…

Colombia orders Uber to cease ride-hailing services citing violation of competition rules

Following a ruling by a judge that Uber’s ride hailing services in Colombia is in violation of competition rules, Colombia has ordered Uber to cease its ride-hailing operations in the country. The court order came in the wake of a lawsuit filed by COTECH SA against against Uber alleging that the U.S. company had the…