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$500M Genentech Contract Suit Drags at Calif. High Court
High-tech lawyers and their clients were relieved in February 2005 when the California Supreme Court took up a controversial case in which Genentech Inc. had been hit with a $500 million jury verdict -- $200 million of it in punitive damages. The ruling had stunned Silicon Valley and the rest of the business world by upholding punitive damages for a breach of contract. Fearing a chill on innovation, business leaders prayed for quick action. Two years and eight months later, everyone is still waiting.Dispute Between Netflix and Blockbuster Signals E-Patent Trend
The patent dispute between online DVD rental rivals Netflix and Blockbuster not only pits two big-name competitors against each other, but it also highlights the ongoing debate over Internet business-method patents. Even with the higher scrutiny at the patent office and the potential public relations fracas that a company may face when such patents are enforced, some experts predict a wave of e-patent litigation in the coming years. Netflix's case may be just the beginning.Apple Deal Kills Blog That Leaked Product Information
Blogophiles are hoping that a cease-fire between Apple and a young blogger spells the end of the computer company's legal assault on Web sites peddling rumors about its new products. But some media lawyers say that the part of the settlement that shuts down Think Secret, an Apple rumor site run by Harvard senior Nicholas Ciarelli, is a little ominous. Apple previously lost a separate bid in state court to pry sources from several blogs that wrote about products the company was developing.The Global 100 2010: Sound as a Pound
Before the downturn, the sterling's rise made strong performances by British firms look even better. Now the weaker pound is making poor results look even worse.Pay Hike at Quinn Ups Ante in Salary War
Having been one of the first California firms to increase first-year salaries to $135,000, the L.A.-based firm follows New York and goes to $145,000.Good Times Roll for L.A. Firms
Fueled by an improving economy, L.A.-based firms reported impressive revenue gains in 2005, with five of the area's largest firms posting double-digit growth. In a sign that firms are busier and raising billing rates, revenue per lawyer was up at most firms, with Gibson, Dunn & Crutcher edging over the $1 million mark on that yardstick. And while most firms' growth was aided by attorney hires, Manatt, Phelps & Phillips increased head count by just one, yet still grew revenue by 8 percent to $196 million.Judge Says Visa, MasterCard Hid Fees to Consumers
Visa and MasterCard made hundreds of millions of dollars by misleading consumers and charging them a hidden currency conversion fee every time they used their cards overseas, an Alameda County court ruled Tuesday. The decision requires the companies to disclose the fee and to provide full restitution to consumers. The payout could put Visa and MasterCard on the hook for more than $800 million, according to the attorneys who brought the case.Stanford Hopes You Can Spare 50 Grand
Going Public: Is the South Bay's leading academic institution hurting for cash? It's lovely IP database has stopped being free, and will now cost firms $50,000 for access. Ouch.Trending Stories
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Strong & Hanni Solves Storage Woes--Learn How You Can, Too
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