Matthews Bark – Top Court Will Look At Rules Encouraging Patent Infringement

Source      – blogs.wsj.com/
By             – Brent Kendall
Category – Matthews Bark

Matthews Bark
Matthews Bark

The U.S. Supreme Court said Friday that it would consider whether to make it easier to hold companies liable for encouraging others to commit patent infringement.

The court agreed to hear an appeal by Internet services company Limelight Networks Inc.LLNW -4.11%, which is fighting a patent infringement lawsuit brought by larger rival Akamai Technologies Inc.AKAM -3.94%

A badly splintered federal appeals court ruled in 2012 that Akamai could proceed with allegations that Limelight encouraged its customers to infringe an Akamai patent involving a method for helping website owners manage online traffic efficiently.

The U.S. Court of Appeals for the Federal Circuit, in a 6-5 decision, ruled Limelight would be liable if Akamai could prove that Limelight performed some actions outlined in the patent and then directed its customers to perform the remaining steps in the patent.

Limelight, which denied Akamai’s allegations, argued that a company shouldn’t be held liable for encouraging patent infringement unless some single party performs every step in the patent.

Akamai said the lower court’s ruling correctly closed a loophole that allowed companies to induce patent infringement without any penalty.

A host of technology companies, including Google Inc. , Cisco Systems Inc.CSCO -0.14% and Oracle Corp.ORCL -0.94%, urged the Supreme Court to hear the case.  They warned that the lower court ruling would dramatically expand patent-infringement liability for companies whose high-tech products could be used to facilitate patent infringement by others.

The Obama administration also urged the court to hear the case, voicing similar arguments.

The Supreme Court likely will hear oral arguments in April, with a decision expected by the end of June.

Source – blogs.wsj.com/law/2014/01/10/top-court-will-look-at-rules-encouraging-patent-infringement/

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Orlando Drug Defense Attorney | “JP Morgan Chief Announces Shake-Up And Warns Of Further ‘Legal Issues'”

Source       : telegraph.co.uk
By               : Andrew Trotman – Press Release
Category  : Attorney Matthews R Bark, Orlando Drug Defense Attorney

Drug Defense Attorney
Drug Defense Attorney

JP Morgan chief executive Jamie Dimon has announced a shake-up of the bank as he warned of further “regulatory issues” in the near future.  In a memo to employees, Mr Dimon wrote he is devoting “unprecedented” resources to improve its businesses and the legal training of staff.“Never before have we focused so much time, effort, brainpower, technological power and money on a single, enterprise-wide objective,” the boss of America’s largest bank wrote. “Make no mistake – we are going to get this right.”

It comes as JP Morgan faces a bill of at least $750m (£471m) to settle US and UK investigations into the $6bn “London Whale” trading loss. That agreement could be announced as soon as today. The Wall Street giant is also the subject of a US Department of Justice probe into the alleged manipulation of energy markets.On Tuesday, Mr Dimon warned staff that there would be further legal problems to come. “Unfortunately, we are all well aware of the news around the legal and regulatory issues facing our company, and in the coming weeks and months we need to be braced for more to come,” he wrote.

JP Morgan has hired 3,000 extra staff to its control groups, which include the bank’s risk, compliance and legal operations, and increased spending in this area to $1bn. Around 500 workers have been assigned to complete the Federal Reserve’s “stress tests”.Businesses not considered “core” are also being earmarked for sale as part of the shake-up. The lender is “conducting an in-depth review of our foreign correspondent banking business”, which has come under fire from US regulators for its anti-money-laundering procedures.

“We are also proactively trying to decrease the number of vendors we have, which reduces complexity in our business and creates more jobs internally,” the memo read.

Source : telegraph.co.uk/finance/newsbysector/banksandfinance/10316080/JP-Morgan-chief-announces-shake-up-and-warns-of-further-legal-issues.html