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Newegg Scores in Federal e-Commerce Patent Case
After six years of litigation, the online retailer Newegg Inc. has delivered a major blow to Soverain Software LLC, which has raked in tens of millions of dollars asserting patents related to e-commerce. Siding with Newegg in a 25-page decision issued on January 22, the U.S. Court of Appeals for the Federal Circuit invalidated three of Soverain's patents on obviousness grounds. Soverain Software LLC v. Newegg Inc., No. 2011-1009 (Fed. Cir., Jan. 22, 2013) (http://1.usa.gov/ZufJJK).
The patents cover concepts like using an Internet receipt, putting items in an online shopping cart, and using identifiers to keep track of online shoppers. The ruling vacates a $2.5 million jury verdict that Soverain won against Newegg in 2010, and it also casts doubt on an $18 million verdict Soverain won in 2011 against Avon Products Inc. and Victoria's Secret Stores LLC, which Soverain accused of infringing the same three patents.
Bankruptcy Sales: Finding a Diamond In the Rough
There is no efficient market for the sale of bankruptcy assets. Inefficient markets yield a transactional drag, potentially dampening the ability of debtors and trustees to maximize value for creditors. This article identifies ways in which investors may more easily discover bankruptcy asset sales.
Judge Rules Shaquille O'Neal Will Face Securities Lawsuit for Promotion, Sale of NFTs
A federal district court in Miami, FL, has ruled that former National Basketball Association star Shaquille O'Neal will have to face a lawsuit over his promotion of unregistered securities in the form of cryptocurrency tokens and that he was a "seller" of these unregistered securities.
Blockchain Domains: New Developments for Brand Owners
Blockchain domain names offer decentralized alternatives to traditional DNS-based domain names, promising enhanced security, privacy and censorship resistance. However, these benefits come with significant challenges, particularly for brand owners seeking to protect their trademarks in these new digital spaces.
Why So Many Great Lawyers Stink at Business Development and What Law Firms Are Doing About It
Why is it that those who are best skilled at advocating for others are ill-equipped at advocating for their own skills and what to do about it?
Coverage Issues Stemming from Dry Cleaner Contamination Suits
In recent years, there has been a growing number of dry cleaners claiming to be "organic," "green," or "eco-friendly." While that may be true with respect to some, many dry cleaners continue to use a cleaning method involving the use of a solvent called perchloroethylene, commonly known as perc. And, there seems to be an increasing number of lawsuits stemming from environmental problems associated with historic dry cleaning operations utilizing this chemical.