Apple loses FaceTime patent retrial, ordered to pay $302.4 million

Posted on 01/10/2016 by Engadget RSS Feed

In the continuing saga of Apple vs. VirnetX, Reuters reports that a federal jury in the Eastern District of Texas has ruled in favor of VirnetX, ordering Apple to pay $302.4 million in damages. This particular case has been going on since 2010, and i...

Texas federal judge declares Bitcoin a currency, says Bitcoin investments fall under US securities law

Posted on 07/08/2013 by Michael Gorman

Bitcoin's been in the news a fair bit lately due to the uncertainties surrounding the Mt. Gox exchange, where one can trade in the digital money for the official currencies of countries around the world. However, for many, Bitcoin remains an ephemeral idea, neither received nor recognized as a valid way to, you know, pay for stuff. Today, however, a federal judge in the Eastern District of Texas has officially recognized Bitcoin as a currency and declared that Bitcoin investment funds and transactions fall under the jurisdiction of US securities law, and therefore, the federal justice system as well. The ruling was handed down in a case brought by the Securities and Exchange Commission against a man who created a Bitcoin hedge fund and is alleged to have defrauded the investors in that fund. So, while most of us don't have to worry about Bitcoin fraud, it's good to know that the federal government is looking out for us should we decide to invest in the digital currency.

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Via: ArsTechnica

Source: US District Court Eastern District of Texas [PDF]

Fujitsu and Acacia resolve patent disputes with settlement, keep it out of the courts

Posted on 27/08/2012 by Jamie Rigg

Fujitsu's bank balance may be a little lighter today, since Acacia Research Corp. has reported that subsidiaries of both companies have signed a settlement deal over patent disputes. As usual, Acacia is keeping tight-lipped about exactly what the patents cover, but a little digging on our part has revealed they are related to flash memory and RAM technologies. The agreement resolves lawsuits in the works at district courts in Texas and California, which is probably a good thing. After all, these cases can get pretty messy when they go to court.