Palmer Luckey, founder of Oculus Rift company have to stand in court in a lawsuit against him. The plaintiff is Total Recall Technologies that accused the 23-year old to use its data illegally.
Legal
Brexit will Force Ireland to Quit EU, Said a Prominent Hedge Fund Manager
Martin Hughes, founder of Toscafund warned that United Kingdom withdrawal from European Union will also force Ireland to quit. Brexit is also feared to bring recession in the UK
Suspected Pak hackers target Indian revenues website
The suspected Pakistani hackers have allegedly taken down the official website of Indian Revenue Service (IRS). The website of Income-Tax (I-T) Department, a part of IRS, was down on early Saturday (6 February) and the site is still offline.
Swiss Attorney General Suspects $4 bln Misappropriated From Malaysian State Companies by Malaysian State Fund IMDB
The office of Swiss Attorney General began criminal investigation in August 2015 into former officers of Malaysia's Development Fund 1MDB. Charges relate to bribery of foreign officials, dishonest mismanagment of public interest and others. The Attorney General's office has revealed serious indications of $4 Bil having been misappropriated from State Companies of Malaysia.
McDonald's is Facing a Lawsuit of $5 Million Over Claim That Its Mozzarella Sticks are Cheese-less
The lawsuit is cast out by more than 40 customers, led by Chris Howe. The lawsuit stated that McDonald's aired unfair advertisements with the claim that its new menu item contains 100 percent pure mozzarella cheese, while according to Howe they contain filler. The lawsuit tests support the claim, but McDonald's has refuted the claim.
Latest News
A U.S. judge has allowed a Seattle artist's intellectual property lawsuit to go forward over her claims she was cheated out of possibly millions of dollars from the sale of "Angry Birds" pet toys she designed, her attorney said on Tuesday.
Leaders of two of the United States' largest law firms, Boston-based Bingham McCutchen and Philadelphia's Morgan Lewis & Bockius, have agreed to merge, according to three people familiar with the matter.
Formula One needs a strong leader and Bernie Ecclestone's $100 million court settlement to end a bribery trial in Germany is positive for the sport's future, Mercedes motorsport head Toto Wolff said on Saturday.
Goldman Sachs (GS.N) and Libya's sovereign wealth fund are set to meet in a London court over claims the Wall Street bank exploited a position of trust by encouraging the fund to invest more than $1 billion in trades that ended up worthless.
In recent years, there has been much discussion in the business and legal communities about Non-Practicing Entities, a.k.a. patent trolls, and the ills and costs they can often impose on companies large and small.
Wall Street banks have found a U.S. review of their junk-rated loans to have yielded similar results to last year, easing some concern among bankers about a crackdown on one of their most lucrative businesses.
A Chinese regulator said on Tuesday it is conducting an anti-monopoly investigation into Microsoft Corp (MSFT.O) because the firm has not fully disclosed information about its Windows operating system and Microsoft Office software.
Personal data including text messages, contact lists and photos can be extracted from iPhones through previously unpublicized techniques by Apple Inc employees, the company acknowledged this week.
The euro was stuck near its lowest level since November and Russian shares tumbled for a third straight day on Monday as new European sanctions for Moscow chilled the already frosty relationship between the two.
