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HTMLFacebook Announces Purchase of Oculus VR, a Virtual Reality Gaming Company
Irene Lu, Stephanie L. Zeppa; Sheppard, Mullin, Richter & Hampton LLP;
Legal Alert/Article
April 4, 2014, previously published on March 28, 2014
On March 25th Facebook announced the social media company’s plans to acquire Oculus VR for approximately $2 billion. Oculus is best known for its forthcoming product, Oculus Rift, a virtual reality gaming headset. By offering expansive 3D views and technology that reacts to a user’s...

 

HTMLVirtual Reality: IRS Provides Guidance on the Treatment of Bitcoin and Other Virtual Currency Transactions
Robert S. Chase, Jonathan Goldman, Daniel R.B. Nicholas, Amish M. Shah, Rich Sun; Sutherland Asbill & Brennan LLP;
Legal Alert/Article
April 4, 2014, previously published on March 31, 2014
On March 25, 2014, the Internal Revenue Service (IRS) issued Notice 2014-21 (the Notice), which provides guidance regarding the tax treatment of Bitcoins and other virtual currency through a series of “frequently asked questions” (FAQs). The Notice provides that virtual currency is...

 

HTMLBrazil Internet Act Approved in the House of Representatives
Salim Jorge Saud Neto, Fernando Fernandes Xavier; Tauil & Chequer Advogados in association with Mayer Brown LLP;
Legal Alert/Article
April 2, 2014, previously published on March 28, 2014
The House of Representatives has approved Bill 2,126/2011 (the so called ‘Internet Act’), which establishes general principles for use of internet in Brazil. The bill is now pending examination and approval by the Federal Senate. However, approval is expected to occur shortly.

 

HTMLAntisocial Media- Union Not Liable For Threatening Facebook Posts
Gregory D. Ballew; Fisher & Phillips LLP;
Legal Alert/Article
April 2, 2014, previously published on April 1, 2014
Imagine if you will, that a company-sponsored website allows employees to post comments. During the course of a union strike, an employee who chooses to cross the picket line posts a comment threatening to kill union members who try to stop him. The company does not disavow the post. Would the...

 

Adobe PDFNew Generic Top-Level Domains Will Create New Trademark Issues: The Trademark Clearinghouse Can Help
Ronald J. Ventola, Christine E. Weller; Schnader Harrison Segal & Lewis LLP;
Legal Alert/Article
April 1, 2014, previously published on March 27, 2014
A top-level domain is the part of an Internet address appearing to the right of the last period. A generic top-level domain (gTLD) is a top-level domain that is not a geo graphic or national designation—“.com,” “.org,” and “.net”are gTLDs. Formerly gTLDs...

 

HTMLU.S. Judiciary Hearing Foretells Coming of Potential Poison Pill to the Marketplace Fairness Act Of 2013
McDonald Hopkins LLC;
Legal Alert/Article
April 1, 2014, previously published on March 27, 2014
On March 12, 2014, the U.S. House Judiciary Committee held a hearing entitled “Exploring Alternative Solutions on the Internet Sales Tax Issue” (the Hearing). The purpose of the Hearing was to explore a number of potential solutions to state sales taxation of remote or out-of-state...

 

HTMLSEC Holds Cybersecurity Roundtable
Gregory A. Mason, Mark H.M. Sosnowsky; Drinker Biddle & Reath LLP;
Legal Alert/Article
April 1, 2014, previously published on March 31, 2014
On Wednesday, March 26, 2014, the Securities and Exchange Commission conducted a roundtable discussion on cybersecurity and the issues and challenges cyber-threats present for public companies, exchanges, and market participants. The roundtable consisted of four separate panel discussions and...

 

HTMLSecurity Agreements and Domain Names: Is Your Debtor’s Most Valuable Property Secured?
Laura J. Genovich, Scott H. Hogan, John R. Taylor; Foster, Swift, Collins & Smith, P.C.;
Legal Alert/Article
March 31, 2014, previously published on March 27, 2014
Increasingly, many companies are conducting much of their business online. Building recognition of a domain name, or the company’s digital address, often represents a significant investment of time and money. When one thinks of the super-retailer Amazon, it is almost impossible not to think...

 

HTMLWould Texas Law Support Disgorgement of Payments When Plaintiff’s Daughter Makes Comments On Facebook?
Adam D. Boland; Ogletree, Deakins, Nash, Smoak & Stewart, P.C.;
Legal Alert/Article
March 25, 2014, previously published on March 24, 2014
In a case that received national attention, on February 26, 2014, a Florida District Court of Appeal held that a plaintiff’s comments to his daughter regarding a settlement with his former employer and his daughter’s subsequent comment on Facebook about the settlement constituted a...

 

HTMLBeware of Internet Defamation and Cyberbullying on ‘Anonymous’ Mobile Apps
Jordan S. Cohen, Whitney C. Gibson; Vorys, Sater, Seymour and Pease LLP;
Legal Alert/Article
March 25, 2014, previously published on March 21, 2014
Whether it is on Twitter, Facebook, a blog or another place online, countless people use the internet as their personal outlet to vent. But sometimes, you might have the urge to get something off your chest, but you do not want your name attached.

 


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