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Corporate Litigation

All articles tagged with #corporate litigation

Beam Therapeutics sues former scientist over alleged IP theft for Chinese startup

Cambridge-based gene-editing firm Beam Therapeutics has filed a lawsuit alleging that former scientist Zi Jun 'Emma' Wang stole proprietary data to co-found a Shanghai-based company, YolTech Therapeutics. The suit claims Wang accessed electronic lab notebooks during off-hours to build the foundation for a new venture, Serapha Bio, which recently secured funding from venture capital firms RA Capital and RTW. This legal action highlights rising tensions between American biotech firms and Chinese counterparts, as Beam seeks to protect its intellectual property from alleged misappropriation.

via statnews.com|

#biotechnology #china-us-tensions #corporate-litigation

business9 months ago•3 min saved

Charlie Javice's $74M Legal Bill Includes Gummy Bears and Snacks

Charlie Javice, convicted of fraud related to her startup Frank, is facing a $74 million legal bill paid by JPMorgan, which includes expenses like gourmet food and extensive legal fees for her defense, despite her conviction and ongoing legal disputes over the costs. The case highlights the high legal expenses involved in corporate fraud cases and the complexities of contractual obligations for legal fees.

via Fortune|

#business #charlie-javice #corporate-litigation

business2 years ago•8 min saved

Elon Musk's Battle to Upend Delaware's Corporate Dominance

Delaware judge Kathaleen McCormick has emerged as a formidable force in corporate litigation, recently ruling against Elon Musk in a Tesla shareholder lawsuit that could cost him $50 billion. Musk, who has expressed frustration with Delaware's legal system, has announced plans to move the incorporation of his space company, SpaceX, from Delaware to Texas. Despite Musk's efforts, experts believe that Delaware's judicial expertise and large body of case law make it unlikely for a mass migration of firms from the state.

via The Washington Post|

#business #corporate-litigation #delaware