Tech & Telecom Law News

FTC Issues Non-Compete Ban as Chamber Lawsuit Looms

The US <-bsp-bb-link state="{"bbHref":"bbg://securities/13362Z%20US%20Equity","_id":"0000018f-0c39-d583-afbf-cefdcf720000","_type":"0000016b-944a-dc2b-ab6b-d57ba1cc0000"}">Federal Trade Commission is poised to vote Tuesday to adopt a near-total ban on non-compete provisions that prohibit workers from switching jobs within an industry, a rule the<-bsp-bb-link state="{"bbHref":"bbg://securities/0392381D%20US%20Equity","_id":"0000018f-0c39-d583-afbf-cefdcf720001","_type":"0000016b-944a-dc2b-ab6b-d57ba1cc0000"}">Chamber of Commerce vowed to immediately challenge in court.

By Leah Nylen and Emily Birnbaum

Teen Social Media Law in Georgia Restricts Youth Under 16 Online

Georgia teens under 16 will need a parent or guardian’s permission to use social media under a law signed Tuesday by Gov. Brian Kemp (R).

Influencer Accuses Creator of Copying Minimalist, Grey Aesthetic

A Texas influencer sued another online content creator for allegedly replicating her photos and videos on Instagram, TikTok, and the Amazon storefront.

Investor Suit Accuses Hong Kong Blood Firm of Financial Cover-Up

Global Cord Blood Corp. was sued by a shareholder who alleges the umbilical cord blood storage company’s planned acquisition of a Texas biotech firm was a cover-up for financial misconduct.

Temenos Names New CEO, Says Sales Hit by Short Seller Report

Temenos AG, the financial software company targeted by a short seller report earlier this year, announced its new chief executive officer after <-bsp-bb-link state="{"bbDocId":"S8YEZ8T0G1KW","_id":"0000018f-0bf5-d583-afbf-cbfd24790001","_type":"0000016b-944a-dc2b-ab6b-d57ba1cc0000"}">repeated activist calls to replace interim CEO <-bsp-person state="{"_id":"0000018f-0bf5-d583-afbf-cbfd24790002","_type":"00000160-6f41-dae1-adf0-6ff519590003"}">Andreas Andreades.

Trump Set for Another $1.2 Billion in Shares He Can’t Sell

The blank-check deal that brought Donald Trump’s media startup public is set to give him another $1.2 billion in stock after meeting certain targets to his present windfall from the merger, yet he remains unable to cash any of it in.

Plex Hit With Video-Privacy Lawsuit Over Info Sharing With Meta

Streaming service provider Plex Inc. shared the viewing histories of consumers with Facebook in violation of the Video Privacy Protection Act and California privacy law, a proposed federal class action said.

Uber Gets Some Drivers’ Worker Status Claims Sent to Arbitration

Uber Technologies Inc. can force three drivers to arbitrate claims the company misclassified them as independent contractors when they’re really employees, but a fourth worker’s allegations belong in court, a federal judge said.

Lightning eMotors $2.3 Million Settlement Gets Court Approval

The proposed $2.3 million settlement agreement in a derivative suit challenging the merger that created Lightning eMotors was approved by a federal court in Colorado.

TikTok Makes Effort to Avoid EU Fine Under New Digital Rules

<-bsp-bb-link state="{"bbHref":"bbg://securities/1774397D%20CH%20Equity","_id":"0000018f-0c36-d583-afbf-cefe6e3b0000","_type":"0000016b-944a-dc2b-ab6b-d57ba1cc0000"}">ByteDance Ltd. said it handed in an overdue document assessing potential risks to minors of its TikTok Lite service, a day after regulators threatened it with fines and a partial ban.