Posted on Wednesday, December 10th, 2014 at 4:35 pm
Despite a current lack of plaintiffs, a U.S. District Judge ruled that a class-action lawsuit filed against Apple should still continue, The Los Angeles Times reported on December 8.
U.S. District Judge Yvonne Gonzales Rogers ordered the lawyers fighting Apple in a class-action antitrust lawsuit to produce another plaintiff after she disqualified their last remaining plaintiff. The class-action suit alleges that the iPods bought from 2006 to 2009 included an update that did not allow music downloaded from competing stores to be played. The case was heard with two witnesses last week, but neither of them could adequately serve as a plaintiff because they had not bought an iPod within the required time period.
The lawsuit alleges that Apple’s iPod created a monopoly that allowed them to overcharge consumers and resellers, causing damages of up to almost $325 million.
An accusation of antitrust violation such as this can be very damaging to your business. As such, it is important for you to seek the help of a knowledgeable and experienced business litigation attorney who can successfully advocate for you and your business. If you are in need in Cedar Rapids, speak with our legal team at Arenson & Maas, PLC, by calling (319) 363-8199 today.
Posted on Thursday, December 4th, 2014 at 5:51 pm
The U.S. Federal Trade Commission (FTC) has announced its regulatory clearance of Medtronic’s $43 billion acquisition of Irish medical-supply company Covidien on November 26, but under certain conditions, Nasdaq reported.
Because the FTC believes the purchase will be anticompetitive as both companies are developing drug-coated catheters for U.S. consumers, the agency required Medtronic to sell Covidien’s catheter business unit to Colorado-based Spectranetics Corp. To resolve the issue, Medtronic has already announced the $30 million sale earlier this month.
The buyout, which would combine two of the biggest medical supply makers in the world, is expected to conclude in early 2015.
Acquisitions such as this would require meeting all the regulatory and legal prerequisites before being finalized. As such, it is important to seek the help of a qualified and experienced acquisitions attorney who can help you breeze through its necessary legal steps. Speak with a Cedar Rapids business lawyer at Arenson & Maas, PLC, by calling (319) 363-8199 today.
Posted on Thursday, November 20th, 2014 at 6:33 pm
Yahoo Chief Executive Marissa Mayer announced the company’s bid for acquisition of video advertising company BrightRoll, The New York Times reported on November 11.
According to the report, Yahoo plans to purchase the video servicing company for $640 million in cash. Mayer said that the acquisition would further strengthen Yahoo’s position in the video advertising business, as the company has fallen behind competitors Google and Facebook in recent years. This is the second largest acquisition Yahoo has taken since Mayer took over as CEO in 2012.
BrightRoll, a video ad platform that programmatically delivers video ad across many sites, is expected to earn more than $100 million this year.
Acquisitions are designed to accelerate business growth and to build up market foothold against competitors. If you are considering engaging in an acquisition deal, seek the representation of our business law attorneys at Arenson & Maas, PLC. Call our Cedar Rapids office at (319) 363-8199 to learn more about all the legal requirements needed in these transactions.