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.
HMD Global Trots Out the Nokia 130, an Entry-Level Feature Phone
HMD Global today announced the Nokia 130, a bar-style handset that runs the Series 30+ platform with basic connectivity apps and a handful of simple games. The handset has a 1.8-inch screen, number pad, 1,020mAh battery, Bluetooth, music player, FM radio, and headphone jack.
HMD Global to Use Zeiss Optics On Future Nokia Phones
HMD Global today announced a new partnership that will see Zeiss return to Nokia-branded handsets. HMD Global is the world's exclusive licensee of 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.
HMD Global, Maker of Nokia Phones, Parts Ways with CEO
HMD Global today said Arto Nummela, CEO and member of its Global Board of Directors, will leave the company effective immediately. Florian Seiche, who has co-lead the company as president since its founding, has been appointed acting CEO in Nummela's place.
"whatever assets remain at Zer01"?