Zer01 Loses $43 Million Lawsuit to Global Verge
A judge in the District Court in Clark County, Nevada, recently awarded marketing firm Global Verge a $43 million judgement in its lawsuit against failed MVNO Zer01. The judgement says that Zer01 breached its contracts with Global Verge, and also cited tortious interference and resulting long-term profit losses for Global Verge. The judge ordered Zer01 and CEO Ben Piilani to pay Global Verge $43 million, though Zer01's solvency is at question, and Global Verge doesn't believe it will be able to collect on the judgement. Zer01's Piilani has stopped responding to court orders and requests, but he has 20 days to file an appeal. If Piilani doesn't appeal, Global Verge will do what it can to gain control of whatever assets remain at Zer01. Global Verge itself is the subject of complaints from former employees who were never paid, and appears to have been constructed as a pyramid scheme. Zer01 claimed it would offer unlimited calling and data services for $70 per month using its partners' data networks. Those services never materialized.
Nokia's Comeback Gets Its Start In China
HMD Global this week announced the Nokia 6, the first smartphone to fall under the company's plan to resurrect the Nokia brand. HMD Global is a Finland-based business with the sole license to design smartphones using the Nokia brand.
Motorola: Wearables Don't Have Enough Appeal
Motorola does not plan to launch new smartwatches alongside the debut of Android Wear 2.0 early next year, reports The Verge. Shakil Barkat, Motorola's head of global product development, indicated the company will not release new hardware once Google's revised wearable platform hits the street.
New Nokia Phones One Step Closer to Reality
HMD Global has hired a former Nokia executive to help kickstart its phone ambitions. HMD Global is a Finnish company that licensed the Nokia name with the intent of making Nokia-branded smartphones.
Nokia Pins Smartphone Comeback on HMD Global
Nokia today said it plans to return to the smartphone business during the first half of 2017 through its partnership with HMD Global. HMD Global recently completed a series of transactions between HMD, FIH Mobile Limited, and Microsoft that will allow it to make phones bearing the Nokia brand.
Apple Must Pay VirnetX $625 Million Over Patent Violations
Apple has been ordered to compensate VirnetX $625 million for using one of the company's patents without permission. VirnetX's patent covers "the use of a domain-name service to set up virtual private networks." Under VirnetX's patent, the VPNs are then used by corporations to communicate with customers or employees.
"whatever assets remain at Zer01"?