Emergent Legal Issues in the Tech Industry
The technology industry is the fastest growing component of the American and global economy. Technology products have transformed the way we live and work. The evolution of these products at breakneck speed has led to an explosion of investment activity and sky-high stock market valuations for technology companies. But this dynamism and exponential growth is not without its challenges. Each new development or evolution in technology raises a host of unanswered questions on the business and legal fronts. Current legal disputes and emerging gray areas span a wide spectrum of matters from novel and pressing issues related to data privacy and security, rapid changes in the nature and treatment of intellectual property, the application of competition laws, jurisdictional complications over taxation and regulation, and labor standards in the new economy, among many others.
Authored and curated by Bilzin Sumberg’s market-leading practitioners, Emergent Legal Issues in the Tech Industry analyzes the most important and timely business and legal issues directly relevant to the firm’s diverse client roster. The firm’s attorneys have represented tech industry clients on corporate matters, tax matters, class actions, antitrust actions, products liability, business disputes and internal investigations. They possess the experience and acumen to shed light on the seismic shifts occurring in the tech sector.
Kim Kardashian Fined by SEC for Unlawful Touting of EthereumMax
Kim Kardashian found herself on the wrong side of the law when the SEC entered a cease-and-desist order against her (the “Kardashian Order”), finding her in violation of Section 17(b) of the Securities Act of 1933. This blog explains how this and other celebrity violations reflect the trend towards increased regulation of cryptocurrency in the U.S.
Privacy Portal Blog | May 2022
Cyber Insurance Policies May Not Cover Phishing Attack Funds Diversion
A case making its way through the Eleventh Circuit Court of Appeals has important implications for companies’ cyber insurance policies. The case centers on whether wired funds mistakenly diverted by company employees as a result of a phishing attack should be covered by the company’s cyber insurance policy. The final ruling could prove critical and costly for unwary purchasers of cyber insurance.
Publication | April 2022
The Crackdown on Digital RedliningThe Robert Wood Johnson Foundation, a non-profit focused on fostering healthy communities, defines digital redlining as “major network providers systematically excluding low-income neighborhoods from broadband service – deploying only sub-standard, low-speed home internet.” Last month, the Federal Communications Commission published a Notice of Inquiry to commence the process of ending this type of redlining, and other forms of digital discrimination.
Publication | January 2022
Cryptocurrency PrimerCryptocurrency is frequently in the headlines, and is the subject of a lot of interest and attention. Bilzin Sumberg offers this brief primer on cryptocurrencies and the blockchain technology that makes them possible. Read more to learn the fundamental features of cryptocurrency and the nascent legal issues surrounding them that will likely grow in importance.
Financial Services Watch Blog | December 2021
Regulators Gallop To Cryptocurrency's "Wild West"
With an increasing number of financial institutions getting involved in crypto-related financial services (and widespread activity by smaller, independent players), U.S. regulators and lawmakers have become increasingly attuned to risks posed by the crypto sector to consumers and the wider financial system. Recent statements point to increased regulation on two fronts: banking activity related to crypto-assets, and stablecoin issuers that peg their digital tokens to the U.S. Dollar.
Privacy Portal Blog | October 2021
Twitter Wins Dismissal of Defamation Suit in Florida Federal Court
A Florida federal court recently dismissed a defamation lawsuit brought against social media giant Twitter in a case related to documents allegedly obtained from President Biden’s son Hunter’s laptop.1 The plaintiff, John Paul Mac Isaac, garnered national media attention as the former owner of a Delaware computer repair shop who allegedly obtained Hunter Biden’s laptop.
After months of litigation, Zoom Video Communications has agreed to pay $85 million to settle a proposed class action pending in the United States District Court for the Northern District of California.