Adobe Systems Inc. could be facing potential legal action from shareholders concerning their recently announced $20 billion acquisition of Figma. The acquisition, which has been described as “transformative,” was finalized on August 27th, marking Adobe’s biggest purchase in its history. However, there are doubts over the legitimacy of the deal, as some investors have raised… Continue reading Adobe legal
Category: action
Adobe legal
Adobe Systems Incorporated, the well-known American software company, could face legal action over its potential $20 billion deal to acquire Figma, a design collaboration platform. The news of the possible deal has been met with a mix of surprise and outrage, with some speculating that it may violate several antitrust laws. Figma had been growing… Continue reading Adobe legal
Adobe legal
The recent $20 billion purchase of San Francisco-based Figma by Adobe, one of the world’s leading design and graphics software companies, could potentially lead to legal action. Reports have recently emerged claiming that another tech giant, Microsoft, had previously initiated talks for a potential merger with Figma, but these talks were cut short due to… Continue reading Adobe legal
Facebook parent Meta to settle Cambridge Analytica class action lawsuit for $725M
Facebook, Inc., the parent company of social media network Facebook, has recently announced that it will pay out $725 million to settle a class-action lawsuit regarding data privacy violations that occurred through Cambridge Analytica. In the privacy breach, Cambridge Analytica, a political consulting firm, was revealed to have harvested the data of more than 50… Continue reading Facebook parent Meta to settle Cambridge Analytica class action lawsuit for $725M
A New Ruling Could Make ‘Deceptive’ Movie Trailers a Target For Legal Action
Last week, the Supreme Court issued a ruling that could revolutionize how movie trailers are marketed. In a 5-4 decision, the court ruled that the Motion Picture Association of America (MPAA) can now target movie studios for producing trailers that contain false or misleading information. The landmark ruling was made in response to a case… Continue reading A New Ruling Could Make ‘Deceptive’ Movie Trailers a Target For Legal Action