A former Raytheon engineer has sued the company for patent royalties, based on what he said was a verbal agreement that he would be paid if the company used his patented invention. Nagui Mankaruse, who has a PhD. In mechanical engineering from USC, invented a device for cooling missile defense radar systems. He was issued…
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Technology Worldwide (TechWW) is a blog published by Shaked & Co. It provides periodic information and perspectives of interest to the international technology and business communities with respect to developments in technology law, licensing and intellectual property. Writers include S & C attorneys as well as guest contributors. TechWW does not provide legal advice.
SEC Provides Guidance on Tweeting M&A Transactions
According to US securities laws and regulations certain financial communications must be accompanied by a legend. The following is an example of part of one such legend under Rule 134: A registration statement relating to these securities has been filed with the Securities and Exchange Commission but has not yet become effective. These securities may…
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AmEx Sued for $14 Million for Violating Software License
The American Express Co. has been sued for $14 million by a software company that claims AmEx exceeded the scope of its license. Micro Focus (US) Inc. sued AmEx for copyright infringement, saying that the credit card company continued to use Micro Focus’s Server Express software after Micro’s license to AmEx expired in 2009. According…
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Court Affirms $31 Million Verdict for Trade Secret Theft
The Eighth Circuit Court of Appeals has affirmed a $31 million verdict in a case involving the misappropriation of PowerPoint presentations created for Hallmark Cards. The court held that a jury could property conclude that the information contained in the PowerPoints included Hallmark’s trade secrets. Hallmark, the greeting card company, hired Monitor, a consulting firm,…
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