US lawmakers introduce bill to block mergers worth $5+ billion ahead of Microsoft-Activision deal
Democratic lawmakers have introduced a new bill prohibiting antitrust mergers. It would allow the Federal Trade Commission (FTC) and the Department of Justice (DOJ) to block M&A deals worth $5 billion or more.
EU and UK start antitrust investigation into Meta and Google over their online ad deal
Google and Meta are now under investigation by the EU and UK. According to the European Commission, a deal that the two corporations made in 2018 endangers competition and is used to push smaller companies from the online ad market.
Prosecutor General’s Office of Russia calls to recognize Meta as “extremist organization”
Following Meta’s decision to allow hate speech towards the Russian military on its platforms, the country’s Prosecutor General’s Office has called for a ban on Instagram, with the company being recognized as an “extremist organization.”
CD Projekt finally settles $1.85 million class-action lawsuit, refusing to admit any wrongdoing
CD Projekt has announced that it came to an agreement with investors to settle a class-action lawsuit over Cyberpunk 2077’s controversial launch. It also means that the company doesn’t admit any responsibility on its part.
Report: how Roblox CEO David Baszucki avoided capital gains taxes by giving shares to his relatives
Billionaire David Baszucki, known as the CEO of Roblox Corporation, has found a legal but really tricky way to avoid millions of dollars in capital gains taxes. According to the latest report, he has given plenty of his company’s shares to his family members
CD Projekt to pay investors less than $2 million in class-action settlement
CD Projekt has managed to finally settle a class-action lawsuit over Cyberpunk 2077‘s controversial launch. The company will pay investors only $1.85 million, while they will relinquish all claims against the Polish developer.
Apple wins reprieve from making changes to App Store as appeals court pauses previous order
An appeals court has granted Apple’s request to put the previous order on pause. It means that the company doesn’t have to make changes to its App Store policy, which would let developers add links to third-party payment solutions.
Copyright God Mode: Is Russian law ready to combat cheat codes in video games?
The distribution of cheating software is a persistent problem faced by the video games industry. Despite the global nature of the challenge, most infringing torrent indexes are either operated/hosted from Russia or use Russian reverse proxies. In this article, Alena Kuzmina, a lawyer at Semenov&Pevzner, discusses the legal grounds on which the potential software cheating may be challenged under the Russian law.
Take-Two filed dozens of trademark complaints against It Takes Two and other brands over 1.5 years
Take-Two Interactive has been actively monitoring the usage of specific words by other brands for more than a year and a half. However, Take-Two is not the only game company that files such complaints on a regular basis.
GTA modders respond to lawsuit by Take-Two, saying that reverse engineering comes under fair use
A group of modders behind reversed engineered versions of GTA III and GTA: Vice City has responded to a lawsuit by Take-Two. The team insists that their actions and works are protected under fair use and shouldn’t be punished by law.
Investors investigating Playtika in wake of worsening financial results
Playtika is being investigated by the Law Offices of Howard G. Smith on behalf of the gaming company’s investors. They are concerned about possible violations of federal securities law, as the company’s financial results once again missed consensus estimates.
Court denies Apple’s appeal and orders it to allow additional payment solutions on App Store by December 9
A court has denied Apple’s request to pause orders requiring the company to let developers add links to third-party payment solutions outside the App Store. It still must make changes to its policies by December 9.
Creator of browser game Warzone countersues Activision over Warzone trademark
Warzone.com, the developer of 2017 web-based strategy Warzone, has countersued Activision. Back in April 2021, the publisher filed a complaint with Los Angeles federal court seeking to dismiss the developer’s claims that Activision’s Call of Duty: Warzone infringes Warzone.com’s trademark rights. The developer’s recent filing with the US District Court for the Central District of California asks the court not to dismiss the case.