Sunday, December 22

Tag: lawsuit

Uber Faces Conflicts Over A Lawsuit Filed By Benchmark Capital
12Aug By reutersNo Comments
BUSINESS, News

Uber Faces Conflicts Over A Lawsuit Filed By Benchmark Capital

Ride-services company Uber is facing a divided board of directors and angry shareholders after investor Benchmark Capital filed a lawsuit against the company's ousted chief executive, Travis Kalanick, dealing another blow to the firm as it struggles to recover from a series of scandals and hire a new leader. On Friday morning, three Uber investors asked Benchmark to divest its shares and step down from Uber Technologies Inc's board, according to an email published by news website Axios. Also on Friday, members of the board of directors sent an email to Uber staff expressing dismay over the Benchmark lawsuit, according to a copy of the note obtained by Reuters. "The Board of Directors is disappointed that a disagreement between shareholders has resulted in litigation," the directors ...
Read More
Facebook’s Oculus Ordered Pay $500 Million in Suit on Stolen Tech
2Feb By AnkitaNo Comments
Tech

Facebook’s Oculus Ordered Pay $500 Million in Suit on Stolen Tech

A US jury has ordered Facebook and creators of its Oculus Rift to pay USD 500 million to gaming software firm ZeniMax in a lawsuit that claimed the virtual reality technology was stolen. The Texas jury made the award yesterday in a trial in which Oculus was accused of basing its Rift headset on technology stolen from ZeniMax's virtual reality software, court documents showed. The lawsuit claimed Oculus founder Palmer Luckey and his colleagues developed the virtual reality gear using source code illegally obtained from the gaming firm. Luckey was ordered to pay USD 50 million of the award and another former Oculus executive, Brendan Iribe USD 150 million. The two executives were accused of violating a non-disclosure agreement with ZeniMax and copying the source code and other do...
Read More
Gawker Media Pays Dr. Shiva Ayyadurai, Inventor Of Email, $750,000 Settlement
5Jan By NitishNo Comments
News

Gawker Media Pays Dr. Shiva Ayyadurai, Inventor Of Email, $750,000 Settlement

Gawker Media has paid Dr. Shiva Ayyadurai a $750,000 settlement payment and later this month will permanently remove its libelous article about him, which denied Dr. Ayyadurai's invention of email.   Victory over Gawker Media "This is a historic victory for truth," declared Dr. Ayyadurai. "Americans have no tolerance for fake news, lies or cyberbullying. A 14-year-old kid working in Newark, New Jersey in 1978 invented email. This settlement honors that innovation." There is no reasonable dispute that Dr. Ayyadurai is the inventor of email. The full press kit contains more than 20 testimonials from leading technology experts and numerous Ph.D.s. The press kit also includes two extensive research papers prepared by well-respected academic university professors and scientists exp...
Read More
Secretive Silicon Valley Firm Palantir Accused of Bias Against Asians
27Sep By reutersNo Comments
News

Secretive Silicon Valley Firm Palantir Accused of Bias Against Asians

The U.S. Department of Labor filed an administrative lawsuit against Palantir Technologies on Monday, alleging that the data analytics and security company systematically discriminated against Asian job applicants. The Privately held firm helps government agencies track down terrorists and uncover financial fraud. It raised $880 million in funding late last year, for a $20 billion valuation, and is considered one of Silicon Valley's most secretive companies. The lawsuit alleges Palantir routinely eliminated Asian applicants in the resume screening and telephone interview phases, even when they were as qualified as white applicants. Representatives for Palantir could not immediately be reached for comment. Palantir was co-founded by Peter Thiel and Joe Lonsdale, two of Silicon Valley's...
Read More
Uber to Pay USD 2,25,000 as Settlement in Lawsuit
2May By AdityaNo Comments
News

Uber to Pay USD 2,25,000 as Settlement in Lawsuit

American multinational online transportation network company Uber has agreed to pay USD 2,25,000 over three years to the National Federation of the Blind to settle a lawsuit alleging discrimination against blind riders. The settlement also requires Uber to notify drivers that they must provide transport to customers with service animals (a dog that is individually trained to do work or perform tasks for a person with a disability), the Verge quoted the company as saying in a statement. The National Federation of the Blind will also have to take the blind customers to test rides to ensure the settlement is being followed. "Our goal at Uber is to make transportation options more accessible to all individuals, including those who are blind, low-vision or have other disabilities. We are...
Read More