Match Group stock tumbled as much as 9% after the Federal Trade Commission announced a lawsuit alleging the company used fake love-interest ads to lure consumers into buying subscriptions. Consumers purchasing Match.com subscriptions “generally were unaware” that as many as 25% to 30% of members were using the platform for scams, the FTC said Wednesday. Watch Match trade live here. Tinder- …
Waymo’s case against Uber hinges on Anthony Levandowski, a former employee it alleges stole its self-driving car trade secrets before joining the ride-hail company to oversee its self-driving car program. Levandowski, though not party to Waymo’s suit, has so far invoked his 5th Amendment rights to avoid self-incrimination should the case become a criminal matter. The referral of the case to the …
Uber was having a bad month even before Waymo, Google’s self-driving car outfit, filed a bombshell lawsuit accusing the ridesharing giant of swiping gobs of its autonomous driving tech. Now, on top of political criticisms of CEO Travis Kalanick and accusations of a sexist corporate culture, the company must worry about a legal dispute that could cost it a truckload of money, kill its self- …
Relativity has gotten past the first stage in its massive lawsuit against Netflix, but not without a couple of major chops from a Santa Clara Superior Court judge. At a court hearing late last week, Relativity was permitted to move forward on a claim that Netflix breached contract, but had its fair dealing claim as well as a trade libel one stricken. The two companies go way back.
As the world prepares itself for a new presidential administration, no one knows for sure what the future holds. But the lawyers at Crowell & Moring took a hard look at the potential litigation landscape in 2017 and compiled their findings in a new report. The report, here , covers a lot of ground, but we caught up with its architect, Mark Klapow, a Crowell litigation partner in Washington, …
A university student has launched a class action lawsuit after B.C. slapped a 15 per cent property transfer tax on foreign homebuyers last month. Chinese student Jing Li, who studied at the University of Saskatchewan before moving to Metro Vancouver, filed the suit after she put a 10 per cent deposit on a $560,000 townhome in Langley, B.C., CBC News reported Monday.
A group of German NGOs filed a complaint to the Constitutional Court on Wednesday, asking the nation’s highest judges to block the early – albeit temporary – implementation of the Comprehensive Economic and Trade Agreement (CETA). The organizations, Campact, Foodwatch and Mehr Demokratie, say CETA subverts the German constitution because it does not leave room for parliamentarians to interpret …