Apple, Ericsson Sue Each Other Over Phone Patent Royalties
Apple Inc. and Ericsson AB are suing each other in U.S. courts after failing to reach an agreement over the pricing of wireless-technology patents used by the maker of the iPhone and iPad, reports Bloomberg BusinessWeek.
Apple, saying that Ericsson is seeking excessive royalty rates, asked a federal court in California Jan. 12 to rule that Ericsson’s patents aren’t essential to long term evolution, or LTE, standards. Stockholm-based Ericsson said it filed a complaint in a district court in Texas, asking for a verdict on whether its fees are fair, Blomberg reports.
Ericsson helped pioneer the mobile-device market with its handsets in the 1990s but sold its mobile-phone business to Sony Corp. in February 2012, five years after Apple introduced the iPhone, which is now its largest revenue source.
A pair of Democratic lawmakers in the House and Senate have re-introduced legislation aimed at preventing the abuse of offshore tax havens by multinational companies, reports Accounting Today.
A free on-demand webinar frames the history of the net neutrality debate and then explores the current proposed rules and the public response they have generated. The event is a Rocket Matter webinar with Michael Weinberg, a Vice President at Public Knowledge, a nonprofit digital advocacy group in Washington, D.C.
When Elon Musk, who loudly disdains the traditional auto industry, makes his first public appearance in Detroit in two years on Tuesday, it will be easy to see how much has changed since then, The Wall Street Journal says in a new post.
United Airlines has announced that Brett Hart, its executive vice president and general counsel, will assume responsibility for customer care and customer experience. John Rainey, United’s chief financial officer, will take on strategy.
BlackBerry Ltd. launched its long-awaited Classic Dec. 17, a smartphone it hopes will help it win back market share and woo those still using older versions of its physical keyboard devices, Reuters reports.
PetSmart agreed on Sunday to sell itself to a group led by the investment firm BC Partners for about $8.7 billion, months after the retailer came under pressure from two hedge funds, reports The New York Times.
Many large retailers remain woefully unprepared to defend against a cyber attack, according to security experts quoted in a report in The San Jose Mercury News.
The president of the American Bar Association is set to urge chief executives at all of America’s Fortune 500 companies to commit to ending human-rights abuses in their supply chains. The ABA president will send executives the message in a letter by the end of this year, reports the Minneapolis Star Tribune.
Restaurant.com is arguing in federal court that it shouldn’t be forced to pay penalties for gift certificates it sold in the past, penalties that could go as high at $1 million.
Forbes magazine offers a list of the top 10 legal mistakes entrepreneurs make and what to do about them (in addition to seeking the advice of an attorney).
Target Corp. is trying to avoid liability for tens of millions of dollars banks claim to have lost after hackers broke into the retailer’s payment processing systems a year ago.
Arizona has filed suit against General Motors, claiming that the automaker defrauded the state’s consumers of an estimated $3 billion, The New York Times reports.
Baker Tilly hosts a complimentary on-demand webinar on how to analyze a contract for project risk and learn how to develop a risk mitigation plan.
Any business transaction involving simple negotiations could be subject to prosecution, former Jefferies & Co. managing director Jesse Litvak warned an appeals court in an attempt to have his securities fraud conviction thrown out, Bloomberg Businessweek reported.
Reuters is reporting that credit monitoring company One Technologies LP will refund $22 million to customers to settle U.S government allegations that its websites inadequately disclosed its charges for credit scores.
Wingstop Restaurants Inc. has appointed Jay Young to be the company’s next general counsel.