On May 1, 2013, the US Federal Circuit Court of Appeals held that even when a company adapted a software pricing system that prevented users from saving data into certain fields, the jury finding of a direct infringement was upheld. In Versata Software, Inc. v SAP AM., Inc. the plaintiff had a pending patent on a pricing system, and sold it as an addition to companies like the defendant software maker SAP. While Versata’s patent application was pending, SAP released a new version of its software that infringed the plaintiff’s product. The Defendant thereafter modified its own product to make it less available to users. But the jury concluded that the products still infringed and awarded plaintiff $260 million in lost profits and royalties of $85 million.
By contributor Brittney Trigg: Florida Coastal School of Law JD and business law certificate candidate 2014, law clerk for Law Offices of Xavier Saunders, P.A.
Publicly traded companies can now use social media as a way to disclose material, non public information, and be in compliance with Regulation FD. The company must give investors proper notice of the site that the company will use to disclose that information. Continue reading →
By Contributor Roger M. Groves, Professor of Law and Director of the Business Law Program at Florida Coastal School of Law.
A small startup company, Aereo, provides a method of streaming broadcast TV through a browser. It provides a DVR in a cloud storage system by micro-version TV antennas, thereby rebroadcasting programming content found in the public airwaves. Aero has recently been sued by a contingent of broadcasters, including Fox, Univision, and PBS and a majority of the media outlets in New York City. The claim is that Aereo infringes of their copyrights. The broadcasters seek an injunction to immediately stop Aereo’s activities and attendant monetary damages.
Under Armour, Inc., a Maryland athletic apparel corporation, has recently filed suit under the Lanham Act for Trademark Infringement and Unfair Competition against the Oregon based corporate giant, Nike, Inc. The suit arises out of Nike’s alleged wrongful use of Under Armour’s famous phrase “I WILL”. Continue reading →
On March 19, 2013, a patent was issued to individuals Twitter. The patent is awarded for “tweeting” which is technically titled under the patent as a “Device Independent Message Distribution Platform.”
A provisional patent application was filed in July, 2007, so the question of whether the devise was sufficiently novel, useful, and non-obvious is determined as of that time. According the Patent Office, Twitter had a patentable method of distributing messages independently of the sending or receiving devices and “beneficially allows for device independent point to multipoint communication.” For more detailed information see U.S. Patent No. 8,401,009.
- Roger M. Groves, director of business law certificate program, Florida Coastal School of Law