The City of Los Angeles sued Time Warner Cable Inc for its failure to pay franchise fees amounting to nearly $10 million in the past, the Los Angeles Times reported.
Legal & Regulatory
US-based fitness tracker maker FitBit faces class-action lawsuit over rash issue
After issuing a recall and full refund for the involved product, San Francisco, California-based fitness tracker maker FitBit is now facing a class-action lawsuit filed by a customer over the rash issue caused by the latest version of its Force fitness band.
Y Combinator's Sam Altman calls on US to allocate 100 "founders visas"
Y Combinator President Sam Altman has renewed the call that Paul Graham made five years ago on "founders visa" to encourage international startups to establish their firms in the US, TechCrunch reported.
Judge refuses email privacy lawsuits against Google to proceed as class action
Google scored a big victory after US District Judge Lucy Koh did not allow the lawsuits regarding email scanning to proceed as a class action lawsuit, Bloomberg News reported.
Move and National Association of Realtors file case against Zillow and former exec Errol Samuelson
Zillow and its recently-appointed Chief Industry Development Officer Errol Samuelson were sued by Move and the National Association of Realtors for breach of contract, among others, TechCrunch reported.
Latest News
Mumbai, India-based financial services firm Financial Technologies (FTIL) will sell its commodity handling unit National Bulk Handling Corp (NBHC) for INR242 crore as the company goes through an investigation related to fraud allegations.
According to security researchers at Securelist, the data stolen from the computer owned by Mt Gox Chief Operating Officer Mark Karpeles' computer contained malware that pretended to be a back-end app for Mt Gox transactions but actually stole users' Bitcoins.
After being arrested last month for fraud charges, Motionloft founder Jonathan Mills was indicted by a San Francisco grand jury for wire fraud and money laundering and is facing 30 years in jail.
Flappy Bird creator Dong Nguyen told Rolling Stone he is thinking of bringing back the game but that won't be easy because of a clause in Apple's developer agreement, VentureBeat reported.
A class action lawsuit was lodged in an Ontario Superior Court of Justice against Mt. Gox and Mizuho Bank Ltd by Bitcoin investors from Canada, Reuters reported.
The US is planning to surrender control of the system that assigns website addresses to a private group when the contract of the Internet Corporation for Assigned Names and Numbers expires next year, Bloomberg reported.
Joseph Lau, the Hong Kong billionaire tycoon Chairman and CEO of Chinese Estates Holdings, was sentenced to five years in jail for bribery and money laundering, Reuters reported.
In an effort to iron out the differences they have with the crowdfunding community, payments platform PayPal has implemented changes on their crowdfunding policies, VentureBeat reported.
The People's Bank of China has blocked Tencent Holdings Ltd and Alibaba Group from offering customers with virtual credit cards, according to a source interviewed by Bloomberg News.
