Two of the leading air taxi startups, Wisk and Archer, have ended their legal dispute over the alleged theft of trade secrets. After lengthy torturous negotiations, the two companies have settled their lawsuit. The lawsuit began in November 2020, when Wisk accused Archer of stealing trade secrets related to the development of its electric vertical… Continue reading Rival air taxi startups Wisk and Archer settle their trade secret theft lawsuit
Category: settle
If Sequoia, Paradigm and Thoma Bravo settle a new lawsuit, it could upend VC; here’s why
If there’s one thing venture capitalists fear, it’s getting dragged into a lawsuit. But that could be the reality if three of the largest firms in the industry, Sequoia, Paradigm, and Thoma Bravo, decide to settle a new suit. If they do, it could have far-reaching implications for the VC industry and shake up the… Continue reading If Sequoia, Paradigm and Thoma Bravo settle a new lawsuit, it could upend VC; here’s why
Meta to pay $725 million to settle Cambridge Analytica lawsuit
Meta, the popular virtual reality (VR) platform, will pay $725 million to settle a lawsuit related to Cambridge Analytica, the political consulting firm. The Cambridge Analytica scandal began in 2016 when a former employee of the consulting firm, Christopher Wylie, revealed that the company had collected data from millions of unwitting Facebook users without their… Continue reading Meta to pay $725 million to settle Cambridge Analytica lawsuit
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
Facebook parent
The saga of the ill-fated data scandal revolving around social media giant Facebook and British political consultancy firm Cambridge Analytica (CA) has recently come to an end. On Thursday, Facebook parent company Meta announced that it has agreed to a $725 million settlement of the class-action lawsuit brought against them by Facebook users over CA’s… Continue reading Facebook parent