Legal

Oracle seeking billions from Google over Android

In a complaint regarding Smartphone’s Java patent and copyright violation, the Redwood Shores’ Oracle Corporation dragged Google into the San Francisco federal court Thursday.

IMF hacked, loss of vital data feared

The New York Times reported yesterday that the computer system of the International Monetary Fund (IMF) has become the victim of a hacking attack.

Toyota to face first trial over sudden acceleration in 2013

Toyota Motor Corp., the world's largest automaker, will be facing its first trail over sudden acceleration of vehicles in 2013, a federal judge announced Friday.

Microsoft loses appeal against $290mn Word patent case

Microsoft has lost the appeal it had filed in the U.S. Supreme Court against a lower court order that required the software giant to pay $290 million to a small Canadian company for patent infringement.

Court directs American Airlines to return to Orbitz

The prolonged fued between American Airlines and Orbitz Worldwide Inc, its third-party ticket distributor, has ended, at least as of now. The battle between the two companies took a legal turn, and in the end, Orbitz came out victorious.

Calif. bill requiring online retailers to collect sales tax passed

In a move that will boost the government exchequer by close to $1 billion a year, the California state assembly passed a bill requiring online retailers to collect sales tax on internet purchases by state residents.

Nasdaq's ex-exec Johnson may face 20 yrs for securities fraud

The Securities and Exchange Commission (SEC) on Thursday charged Donald Johnson, a former Nasdaq executive for serious criminal insider trading based on confidential company information he had access to while he worked at the Market Intelligence Unit in New York.

Ex-IMF chief Strauss-Kahn granted bail after indictment

Dominique Strauss-Kahn, former managing director of the International Monetary Fund (IMF) who was arrested, detained and subsequently accused of rape and sexual abuse was granted bail Thursday afternoon.

IMF chief denied bail, sent to Rikers Island jail

International Monetary Fund (IMF) Chief Dominique Strauss-Kahn, accused of sexually assaulting a maid at a posh NYC hotel, was ordered Monday to be held without bail over allegations that he tried to rape the maid.

Debit card data stolen from Michaels Stores in Chicago area

Many customers are complaining about money stolen from their bank accounts through ATMs in the recent days.

Apple, other tech giants sued for conspiring to fix workers' wages

Apple, Google, Intel and several of the nation’s other leading technology companies landed in a hot soup Wednesday after a former Lucasfilm software engineer filed a class-action lawsuit against the Silicon Valley tech giants, accusing them of violating antitrust law by conspiring to keep employee wages down.

SC validates contracts restricting class action suits

In a 5-4 vote, the Supreme Court gave a ruling Wednesday that allows the companies to enforce contracts restricting consumers' right to bring class action suits against them. The class action suits involving claims for small amounts will be hit hard by this verdict.