Monster Sues Beats Over Alleged Fraud
Monster claims it was duped by Beats Electronics into giving away millions of dollars worth of intellectual property. Monster filed a lawsuit against Beats, its co-founders Jimmy Iovine and Dr. Dre, and HTC for conducting a sham transaction. Monster claims it created the Beats by Dr. Dre line of headphones and used Iovine and Dre only for promotional purposes. Iovine and Dre did not front any money in developing the headphones, which became very popular under the Beats brand after their 2008 debut. Monster's CEO personally helped design the headphones. Later, Beats forged a deal with HTC, which paid $300 million for a 51% stake in the company. This triggered a clause in the contract between Monster and Beats that forced Monster to hand over its intellectual property regarding the headphones. The financial relationship between HTC and Beats was eventually dissolved. Monster's CEO, who was promised there was no "liquidity event" in Beats' immediate future, sold off most of his shares of Beats. Several months later Beats turned around and sold itself to Apple for $3.2 billion. Monster's CEO alleges his shares would have netted him $100 million personally as part of the sale. The cost to Monster was much greater, though it didn't place a dollar value on its losses. None of the parties involved provided comment on the lawsuit.
Andy Rubin's Essential Sued Over Magnetic Connector Tech
Oct 16, 2017
A company called Keyssa has filed an intellectual property lawsuit against Essential, the maker of the PH-1 smartphone, backed by former Google exec Andy Rubin. The lawsuit pertains to magnetic wireless connectors that can pass information and current from one device to another, such as the magnetic module accessory system used on the PH-1.
More 'Safe' Note7s Burn and Catch Fire
Oct 9, 2016
Following Thursday's report that a Samsung Galaxy Note7 caught fire on a plane, more stories have piled up suggesting the replacement Note7 being sold by Samsung and its carrier partners is not as safe as claimed. A Farmington, Minn., teen claims her replacement Note7 burned her hand and melted its case on Oct.
US and China Working to Settle ZTE Ban, But Opposition Remains
May 22, 2018
The U.S. and China are near to reaching a deal that would offer ZTE reprieve from the seven-year ban enacted against it by the Commerce Department.
Republican Proposal Would Eliminate Lifeline Cell Service for Poor
Aug 1, 2017
A new bill proposed by Rep. Austin Scott in Georgia aims to take free cell phones and service away from low-income Americans.
Sprint Brings Back Two-Year Contracts - With A Catch
Feb 26, 2016
Sprint has reversed its position on contracts and starting today began offering them again as an option to customers purchasing new equipment. Sprint customers can pay full price for phones, lease them, break payments up over time, or sign a two-year contract to purchase phones at subsidized prices.