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|Facebook Announces Purchase of Oculus VR, a Virtual Reality Gaming Company|
Irene Lu, Stephanie L. Zeppa; Sheppard, Mullin, Richter & Hampton LLP;
April 4, 2014, previously published on March 28, 2014On 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...
|Virtual 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;
April 4, 2014, previously published on March 31, 2014On 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...
|Brazil Internet Act Approved in the House of Representatives|
Salim Jorge Saud Neto, Fernando Fernandes Xavier; Tauil & Chequer Advogados in association with Mayer Brown LLP;
April 2, 2014, previously published on March 28, 2014The 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.
|Antisocial Media- Union Not Liable For Threatening Facebook Posts|
Gregory D. Ballew; Fisher & Phillips LLP;
April 2, 2014, previously published on April 1, 2014Imagine 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...
|New 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;
April 1, 2014, previously published on March 27, 2014A 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...
|U.S. Judiciary Hearing Foretells Coming of Potential Poison Pill to the Marketplace Fairness Act Of 2013|
McDonald Hopkins LLC;
April 1, 2014, previously published on March 27, 2014On 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...
|SEC Holds Cybersecurity Roundtable|
Gregory A. Mason, Mark H.M. Sosnowsky; Drinker Biddle & Reath LLP;
April 1, 2014, previously published on March 31, 2014On 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...
|Security 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.;
March 31, 2014, previously published on March 27, 2014Increasingly, 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...
|Would Texas Law Support Disgorgement of Payments When Plaintiff’s Daughter Makes Comments On Facebook?|
Adam D. Boland; Ogletree, Deakins, Nash, Smoak & Stewart, P.C.;
March 25, 2014, previously published on March 24, 2014In 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...
|Beware of Internet Defamation and Cyberbullying on ‘Anonymous’ Mobile Apps|
Jordan S. Cohen, Whitney C. Gibson; Vorys, Sater, Seymour and Pease LLP;
March 25, 2014, previously published on March 21, 2014Whether 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.