DIRS.INFO The most relevant business & tech news

☆ How Big Tech Companies Sabotage New Startups — From the Inside
▼ + stars: | 2024-04-01 | by ( Adam Rogers | ) www.businessinsider.com time to read: +14 min

They don't replace the tech giants — they just get bought by the tech giants. A new paper by two leading scholars suggests that these days, Big Tech doesn't have to resort to buyouts to crush aspiring startups. At this point, Big Tech looks at promising startups the way evil alien empires in science fiction look at helpless planets. The data that Big Tech shares — or doesn't share — can play an instrumental role in shaping a startup's work. Finally, the big companies use their clout on Capitol Hill in an effort to impose stricter regulations on the startups they're ostensibly trying to help.

Persons: that's, That's, Joe Biden, Mark Lemley, Matt Wansley, they're, Wansley, Who, Lemley, Sam Altman, Satya Nadella, Barbara Ortutay, Florian Ederer, Elon Musk, OpenAI, Marc Andreessen, watchdogs, Ederer, Anthropic, Adam Rogers Organizations: Apple, Meta, Microsoft, Federal Trade Commission, Justice Department, Big Tech, Stanford University, Cardozo School of Law, Google, Facebook, Star, Yale, London Business School, Tech, Boston University, titans, IBM, Dells, Business Locations: Silicon Valley, —

Seizing assets is a common legal option when someone doesn’t have the cash to pay a civil court penalty. In Trump’s case, potential targets could include such properties as his Trump Tower penthouse, aircraft, Wall Street office building or golf courses. Trump maintained on social media Friday that he has almost $500 million in cash but intends to use much of it on his presidential run. Engoron sided with the attorney general and ordered Trump to pay $355 million, plus interest that grows daily. Some co-defendants, including his sons and company executive vice presidents, Donald Trump Jr. and Eric Trump, were ordered to pay far smaller amounts.

Persons: Donald Trump, Letitia James, James, Trump, doesn’t, Arthur Engoron, Stewart Sterk, ”, Engoron, Donald Trump Jr, Eric Trump, what's, wouldn't Organizations: Trump, ABC, Cardozo School of Law, New, underwriters Locations: New York

Leon Wildes, a prominent immigration lawyer best known for his landmark, yearslong fight in the 1970s to prevent John Lennon from being deported and enable the former Beatle to receive permanent residency in the U.S., has died at age 90. Thanks to Wildes' ingenuity and the shocking twists of politics in the 1970s, Lennon's deportation was delayed and ultimately revoked. His honors included the Edith Lowenstein Memorial Award for excellence in advancing the practice of immigration law and the Elmer Fried Excellence in Teaching Award. He attended Yeshiva College as an undergraduate and became interested in immigration law after working with the Hebrew Immigrant Aid Society in the late 1950s. Wildes published articles in the Cardozo Law Review among other journals and wrote a book on the Lennon case, “John Lennon Vs. the USA,” that came out in 2016.

Persons: Leon Wildes, yearslong, John Lennon, Wildes, Englewood , New Jersey Mayor Michael Wildes —, Dad, Michael Wildes, Weinberg, “, ” Leon Wildes, Alan Kahn, Lennon, Yoko Ono, ”, Kahn, Jack Lemmon, Yoko Moto, Ono, Kyoko Chan Cox, John, Yoko, Richard Nixon, Lennon's, Nixon, Sen, Strom Thurmond, Thurmond, John Mitchell, Richard Kleindienst, J, Edgar Hoover, Fred Astaire, Dick Cavett, Saul Bellow, Stevie Wonder, Bob Dylan, “ Leon, ” Lennon, Nixon's, Mitchell, Sean, Norman Mailer, Gloria Swanson, Barack Obama, Mick Jagger, ” Jagger, ” Wildes, Benjamin N, Edith Lowenstein, Elmer Fried, Alice Goldberg Wildes, “ John Lennon Vs, John Lennon ”, Pennyblackmusic.co.uk Organizations: Lenox Hill Hospital, Englewood , New Jersey Mayor, Wildes, New York University School of Law, American Immigration Lawyers Association, Apple Records, Beatles, South Carolina Republican, Naturalization Service, Los, Nixon, Cardozo School of Law, Yeshiva College, Hebrew Immigrant Aid Society, Cardozo Law, Beatles Fans Locations: U.S, Manhattan, Englewood , New Jersey, Olyphant, England, New York City, Vietnam, Tokyo, British, London, Los Angeles, New York, Norman, Pennsylvania, Chicago

☆ Meet Allison Greenfield, the law clerk driving Trump bonkers at his fraud trial
▼ + stars: | 2023-12-03 | by ( Jacob Shamsian | ) www.businessinsider.com time to read: +18 min

In Donald Trump's civil fraud trial, however, his attorneys have spent a disproportionate amount of time — and ire — on Allison Greenfield, the judge's principal law clerk. Notes and whispersDuring the trial, Greenfield is quiet. AP Photo/Seth WenigBecause of the enormous public interest in the Trump trial, it's held in the New York civil court's large ceremonial courtroom. AdvertisementEarly in the trial, Engoron issued a gag order forbidding Trump — and later his attorneys — from disparaging his staff, including Greenfield, citing numerous threats. A New York Law Department representative said a list of her cases was "not readily available."

Persons: Donald Trump, Arthur Engoron's, Allison Greenfield, —, Donald Trump's, Arthur Engoron, Letitia James, — Engoron, James, Alina Habba, Habba, James didn't, Hillary Clinton, Greenfield, Engoron, Christopher Kise, Clifford Roberts, Jesus M, Suarez, Trump, Chris Kise, Seth Wenig Greenfield, interposes, Alison R, Democratic Sen, Chuck Schumer, Schumer, they're, Seth Wenig, it's, It's, Trump's, Ruth B, Kraft, Falcon Rappaport, Berkman, Engoron's, hasn't, she'd, Images Greenfield, George B, Daniels, Bill Clinton, Jaffe & Asher, Gregory Galterio, Jaffe, Cardozo, Johnny Depp, Amber Heard, Anna Sorokin, Anna Delvey, Sorokin, Donald Trump Jr, Brendan McDermid, he's, — Greenfield, Greenfield didn't, Kise, Laura Italiano Organizations: Service, New, Trump —, Trump Organization, AP, Democrat, Republican Party, Democratic, Trump, Falcon, Truth, Images, Cardozo School of Law, New York University, US, Jaffe &, New York Police Department, New York Law, Engoron, American Civil Liberties Union, Business, Democratic Party, West Side Democrats, Grand Street Democrats, Hell's, Democrats, Village Independent Locations: Greenfield, New, Manhattan, New York, Engoron, York, SLU

☆ Tesla wins first U.S. Autopilot trial involving fatal crash
▼ + stars: | 2023-10-31 | by ( ) www.cnbc.com time to read: +3 min

The jury verdict represents Tesla's second big win this year, in which juries have declined to find that its software was defective. The trial involved gruesome testimony about the passengers' injuries, and the plaintiffs asked the jury for $400 million plus punitive damages. The electric-vehicle maker also argued it was unclear whether Autopilot was engaged at the time of the crash. During the trial in Riverside, an attorney for the plaintiffs showed jurors a 2017 internal Tesla safety analysis identifying "incorrect steering command" as a defect, involving an "excessive" steering wheel angle. The automaker subsequently engineered a system that prevents Autopilot from executing the turn which caused the crash.

Persons: Tesla, Elon Musk, Micah Lee's, Lee, Matthew Wansley, Wansley Organizations: Tuesday, Court, Cardozo School of Law, Tesla, Reuters Locations: Tesla, California, Riverside County, Los Angeles, Riverside

The outcome in civil court shows Tesla arguments are gaining traction: when something goes wrong on the road, the ultimate responsibility rests with drivers. The electric-vehicle maker also argued it was unclear whether Autopilot was engaged at the time of the crash. During the Riverside trial, an attorney for the plaintiffs showed jurors a 2017 internal Tesla safety analysis identifying "incorrect steering command" as a defect, involving an "excessive" steering wheel angle. The automaker subsequently engineered a system that prevents Autopilot from executing the turn which caused the crash. "I think that anyone is going to have a hard time beating Tesla in court on a liability claim," he said.

Persons: Tesla, Elon Musk, Micah Lee's, Lee, Bryant Walker Smith, Matthew Wansley, Wansley, Eloy Rubio Blanco, Rubio, Sam Abuelsamid, Dan Levine, Hyunjoo Jin, Jonathan Oatis, Richard Chang Organizations: Tesla, Tuesday, Court, Reuters, University of South, Cardozo School of Law, U.S . Department of Justice, Traffic, Administration, Thomson Locations: Riverside County, Los Angeles, University of South Carolina, Riverside

That happened Sunday when Trump posted on social media, in capital letters, that Powell “was not my attorney, and never was." Smith's indictment notes Trump privately told others that he thought her election fraud ideas sounded “crazy." Campaigning in New Hampshire on Monday, Trump appeared to refer to Powell and Cheesbro as “good people” and said prosecutors worked to “hound” and “scare” them. Steve Sadow, Trump's lead attorney in the Georgia case, expressed confidence that Powell’s plea wouldn’t hurt Trump, saying last week that any truthful testimony offered would be "favorable to my overall defense strategy." The Georgia indictment accuses Powell in a plot to illegally access a county's voting equipment.

Persons: — Sidney Powell, Donald Trump, Kenneth Chesebro, Trump, Joe Biden, —, “ It's, it’s, John Fishwick, Powell, “ She's, — Powell, Chesebro, That's, Fani Willis, winnow, ”, Anthony Michael Kreis, Jack Smith, Smith, “, Jessica Roth, “ They're, Jack Smith's, Powell “, Rudy Giuliani, Jenna Ellis, ” Kreis, she'd, Giuliani, Ellis, Hugo Chavez, Biden, Kreis, Cheesbro, Steve Sadow, Trump's, he's, John Eastman, Randall Eliason, you've, ___ Tucker, Jill Colvin Organizations: ATLANTA, White, Trump, Western, of, Georgia State University, Cardozo School of Law, Twitter, Fulton County, Biden, Georgia Republicans, George Washington University, Associated Press Locations: Fulton County , Georgia, U.S, of Virginia, Fulton County, Georgia, Germany, New Hampshire, Washington, Derry , New Hampshire

The lawsuit, filed against Tesla by the passengers and Lee's estate, accuses Tesla of knowing that Autopilot and other safety systems were defective when it sold the car. Autopilot failed to brake, steer or do anything to avoid the collision, according to the lawsuit filed by Banner's wife. Tesla denied liability for both accidents, blamed driver error and said Autopilot is safe when monitored by humans. Tesla said in court documents that drivers must pay attention to the road and keep their hands on the steering wheel. "Elon Musk has acknowledged problems with the Tesla autopilot system not working properly," according to plaintiffs' documents.

Persons: Casey, Elon, Musk, Tesla, Micah Lee’s, Lee, Stephen Banner’s, Banner's, Reuters ’, Matthew Wansley, Bryant Walker Smith, Jonathan Michaels, we're, Christopher Moore, Adam, Nicklas, Gustafsson, Elon Musk, Richard Baverstock, Trey, Lytal, Dan Levine, Hyunjoo Jin, Peter Henderson, Grant McCool Organizations: Tesla, China International Consumer Products, REUTERS, FRANCISCO, Tesla Inc, Reuters, Cardozo School of Law, University of South, Thomson Locations: Haikou, Hainan province, China, California, Los Angeles, Florida, Miami, University of South Carolina, San Francisco

☆ Driverless Taxis Can Expand San Francisco Services, Regulators Say
▼ + stars: | 2023-08-10 | by ( Yiwen Lu | More About Yiwen Lu | ) www.nytimes.com time to read: +1 min

The expansion plan was the first indication that driverless cars could be commercially viable after billions of dollars in investments by the tech and auto industries. “San Francisco would be a proof of concept” for the rest of the country, said Matt Wansley, a law professor at Cardozo School of Law in New York. Darcie Houck, a commissioner who voted for the expansion, said the companies had met requirements that the state set out. Cruise operates 300 vehicles in San Francisco during the night and 100 during the day, while Waymo operates 250 throughout the day. Waymo said its driverless fleet would “align” with rider demands, while Cruise said it would focus on expanding the market to new parts of the city, since it had offered paid rides only in northwest San Francisco.

Persons: Matt Wansley, Darcie, Waymo, Cruise Organizations: Cardozo School of Law, Cruise Locations: San Francisco, New York

☆ It’s official: Silicon Valley’s entire business model is a scam
▼ + stars: | 2023-07-18 | by ( Adam Rogers | ) www.businessinsider.com time to read: +13 min

The problem is, conservative economists at the University of Chicago have spent the past 50 years insisting that under capitalism, predatory pricing is not a thing. Predatory companies could never recoup their losses, which meant predatory behaviors are irrational. Lots of economists have come up with solid counter-counterarguments to the Chicago School's skepticism about predatory pricing. A company that engages in predatory pricing and its late-stage investors might not recoup, but the venture investors do. "If people in Silicon Valley start thinking about this as a predatory pricing scam, then I think the late-stage investors will start asking questions."

Persons: Matt Wansley, Wansley, we're, Uber, Cardozo, Sam Weinstein, gobs, you've, —, Brooke, Spencer Waller, Matsushita, Weinstein —, Justice Department —, it's, Weinstein, Matt, that's, Will Uber, Waller, David, Maurer, they've, Adam Rogers Organizations: Lyft, Big Tech, Cardozo School of Law, Justice Department, University of Chicago, Chicago School, Supreme, Matsushita Electric Industry Co, Zenith Radio Corp, Brooke Group, Brown & Williamson Tobacco Corp, United, Loyola's School of Law, Venture, Matsushita, VCs, Chicago, Loyola, pharma, aha, Wansley Locations: United States, Chicago, Silicon Valley, Silicon

☆ 16 Crucial Words That Went Missing From a Landmark Civil Rights Law
▼ + stars: | 2023-05-15 | by ( Adam Liptak | ) www.nytimes.com time to read: +1 min

“Wait, what?” Judge Willett wrote, incredulous. In 1871, after the Civil War, Congress enacted a law that allowed suits against state officials for violations of constitutional rights. But the Supreme Court has said that the law, usually called Section 1983, did not displace immunities protecting officials that existed when the law was enacted. The doctrine of qualified immunity is based on that premise. But the premise is wrong, Alexander A. Reinert, a professor at the Benjamin N. Cardozo School of Law, wrote in the article, “Qualified Immunity’s Flawed Foundation,” published in The California Law Review.

☆ How protected is your money in accounts outside of banks?
▼ + stars: | 2023-03-28 | by ( Jeanne Sahadi | ) edition.cnn.com time to read: +6 min

Spoiler alert: You likely have at least some protection in all but your crypto accounts. There are several types of deposit accounts you may have at one bank (e.g., individual savings account, joint checking, business account, etc.) NCUA, which is backed by the full faith and credit of the US government, covers accounts up to $250,000, in much the same way the FDIC covers bank accounts. Crypto accountsIf you invest in crypto assets you have no federally guaranteed protections should the company acting as custodian of your assets go under. Even if you’re holding your crypto assets at a firm that is an SEC-registered broker-dealer and it is a member of SIPC, your crypto assets will not receive SIPC protection.

☆ Warren Buffett wants young people to know: Ignoring this is like 'leaving a car out in hailstorms'
▼ + stars: | 2019-04-12 | by ( Gillian Zoe Segal | ) www.cnbc.com time to read: +3 min

As with most things in life, Buffett says there's just one catch: It's the only car you're ever going to get...in your entire life. "If there's the least little bit of rust, you're going to get that fixed immediately so it doesn't spread — because you know it has to last you as long as you live." In other words, the way you treat your car should be no different than the way you treat your body. "You have only one mind and one body for the rest of your life," Buffett says. "If you aren't taking care of them when you're young, it's like leaving that car out in hailstorms and letting rust eat away at it.

Search resuls for: "Cardozo School of Law"

13 mentions found