Posted on Tuesday, July 29th, 2014 at 4:39 pm
Massachusetts-based Bose Corp. filed a patent-infringement action on July 24th with the U.S. International Trade Commission regarding certain noise-canceling headphones manufactured by the company Beats Electronics, LLC. Bose claims that the technology used in Beast’ headphones is covered by five patents filed by Bose.
After the action was filed with the ITC, a similar lawsuit was filed in federal court in Delaware, but it is likely that this lawsuit will be put on hold while the ITC rules on the action. This is not the first lawsuit that Bose has filed against competitors in the noise-canceling headphones market. Earlier this year the company filed a complaint against against a model of headphones made by Monster Cable Products Inc., and in 2008, they settled a case with Phitek Systems Inc. regarding noise-canceling headphones.
Patents play an incredibly important role in helping you protect your company’s intellectual property. If you believe that another person or company has violated your intellectual property by infringing on a patent you hold, let the experienced team of patent infringement attorneys at Prebeg, Faucett & Abbott, PLLC, help uphold your rights. Call us today at (832) 742-9260 to learn more about how we can put the resources and experience of our firm to work for you.
Posted on Monday, July 28th, 2014 at 3:09 am
eBay, the successful consumer-to-consumer internet company and LVMH Moet Hennessy, a luxury goods company have reached a settlement regarding an intellectual property lawsuit that began. In 2008 LVMH, the parent company of brands such as Louis Vuitton and Christian Dior, first brought the suit against eBay for selling fake goods.
According to LVMH, ninety percent of the company products sold on eBay are counterfeits, and that selling these fake goods harms the company’s business. The companies released a joint statement saying that they had reached an agreement for an undisclosed amount of money.
A judge ruled in 2008 that eBay would have to pay LVMH over $52.1 million, but a later appeal reduced the amount to $7.7 million. eBay did not have to pay this amount when a later court ruling found that the French judge who made the ruling did not have jurisdiction over the United States-based internet company. However, the ruling stood regarding British and French domains owned by eBay.
At Prebeg, Faucett & Abbott, PLLC, our lawyers have years of experience with intellectual property cases of all kinds. If another person or company has used your intellectual property without permission, you may be able to take legal action to pursue compensation. Call (832) 742-9260 today to speak with one of our intellectual property lawyers and let us put our considerable experience to work fighting for you.
Posted on Thursday, July 24th, 2014 at 10:41 pm
According to a Bloomberg article published on Jul. 16, former Wall Street analyst Kang Gao has been accused of taking intellectual property from his former employer, Two Sigma Investments LLC.
The 29-year-old analyst accessed Two Sigma’s code that he was not authorized to view just prior to landing a job at a rival firm, Citadel LLC.
On Wall Street, firms are highly protective of their intellectual property for a very important reason: their software codes and trading models can give them millisecond advantages over others. These mere milliseconds can help hedge funds like Two Sigma gain significant amounts of money.
As such, it is no surprise that crackdowns in the financial industry on things like trade secret theft have been increasing in number and tenacity. In fact, Gao’s arrest is already the fourth intellectual property arrest made through the efforts of D.A. Cyrus Vance, Jr.
At Prebeg, Faucett & Abbott, PLLC, we have the experience and tools you need for your intellectual property case. To learn more about what our intellectual property lawyers can do for you if you have been a victim of trade secret theft, call us at (832) 742-9260 today.