MoFo Tech brings together legal insights and in-depth analyses on trends and complex issues shaping the global technology industry, covering fields such as blockchain and distributed ledger, cloud and SaaS technologies, driverless cars, drones, FinTech, computer hardware and software, the IoT, semiconductors, and telecommunications.
As computing power and technology have improved, a new way to identify individuals by their innate physical, or “biometric,” information has entered the market and appears on the cusp of becoming more widely adopted. A core question is: what biometric information needs to be …›
According to Tim Harris, a partner in Morrison & Foerster’s Emerging Companies + Venture Capital Group, many startups open themselves up to intellectual property disputes by failing to: - Secure title to the IP upon which their startups are based; …›
There have been numerous reports from individuals entering the U.S. of border agents searching their phones and laptop computers. Many of those individuals are U.S. citizens. Although these events have been in the news recently and appear to be on the rise, this practice …›
The New York State Department of Financial Services (NYDFS) has released guidance for covered financial institutions regarding its cybersecurity rule (the “Cybersecurity Rule” or “Rule”) that took effect on March 1, 2017. While the guidance appears intended to assist covered financial institutions time approaches for …›
A federal district court in North Dakota on March 17, 2017, dismissed a complaint against the payment processing company Intercept Corporation and its senior executives, holding that the evidence provided by the Consumer Financial Protection Bureau (CFPB) did not show any signs of Intercept’s …›
In March 2017, the Corporate Counsel of the Corporation Law Section of the Delaware State Bar Association introduced a 43-page draft bill that would amend the Delaware General Corporation Law (DGCL) to, among other things, facilitate Delaware corporations’ use of blockchain technology to keep …›
The House of Representatives has passed legislation – called The Fairness in Class Action Litigation Act of 2017 (the “Act” or “H.R. 985”) to fundamentally change all stages of class action litigation. For example, the provisions require stricter “typicality” requirements for class members, the disclosure …›
On March 9, 2017, the German Federal Parliament passed the ninth amendment to the Act against Restraints of Competition (ARC) (Gesetz gegen Wettbewerbsbeschränkungen). The amendment is expected to come into force in Q2/2017 and will substantially change German competition law. The reform is driven in …›
Saliha Madden (“Madden”) claims that Midland Funding LLC (“Midland”) illegally charged Madden and other similarly situated New York debtors a usurious rate of interest on certain defaulted credit card obligations that Midland had purchased from a national bank. After a previous summary judgement for Midland …›
The UK’s Financial Conduct Authority (FCA) published a “Dear CEO” letter on February 28, 2017 requiring urgent action from firms operating loan-based crowdfunding platforms that facilitate loans to lending businesses. UK-based crowdfunding platforms and some of their borrowers that fail to act may …›