USITC joins ongoing Ericsson v Samsung dispute
03-02-2021
01-08-2018
The US International Trade Commission (USITC) has launched an investigation into Samsung regarding alleged infringements of Swedish company Ericsson’s wireless technology patents.
Ericsson’s complaint filed with the USITC seeks a limited exclusion order and cease and desist order targeting the South Korea-based Samsung, if it is found to have been importing and selling products infringing on Ericsson patents in the US. The notice was filed on February 2.
The patents involved are US numbers 7,151,430, 6,879,849, 7,286,823 and 9,313,178. The ‘430, ‘849 and ‘178 patents reference encryption and mobile communications technologies patented by Ericsson in 2004, 2002 and 2012 respectively.
Repair Your Damaged Reputations, AM Best Tells UK Insurers February 2, 2021
While most of the COVID-related problems that plagued UK commercial property insurers will abate after the March anniversary of lockdowns, battles with reinsurers and damaged reputations are lingering impacts, AM Best said.
In a commentary report, “UK Commercial Property Insurers Looking Beyond a Difficult 2020,” published Friday in the wake of the UK Supreme Court’s ruling in a test case brought by the Financial Conduct Authority, AM Best analysts mainly described the financial impact of the decision.
“It is important for the insurance industry’s reputation that transparency is improved and there is greater clarity as to what is covered in a BI policy.“
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LONDON (Reuters) - A Scottish court rejected on Friday an appeal to overturn the conviction of a now-deceased Libyan man found guilty of the 1988 Lockerbie plane bombing which killed 270 people.
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Abdel Basset al-Megrahi, an intelligence officer who died in 2012, was jailed for life in 2001 for the murder of 243 passengers, 16 crew and 11 residents of the Scottish town in the deadliest militant attack in British history.
In March, an independent Scottish review ruled that his family could launch a third appeal due to a possible miscarriage of justice. But on Friday, five judges at the Court of Criminal Appeal in Scotland rejected that.
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image captionThe villagers allege the polluted water has caused severe health problems
More than 2,500 Zambian villagers are to receive an undisclosed settlement from UK-based mining giant Vedanta Resources over their pollution claims.
The claimants live by the huge Nchanga Copper mine, owned by Konkola Copper Mines (KCM), a Vedanta subsidiary.
In 2015, they alleged that toxic discharge from Nchanga had poisoned water sources and destroyed farmland.
In a landmark ruling four years later, the UK Supreme Court said the case could be fought in the UK courts.
A joint statement from UK-based law firm Leigh Day, which is representing the claimants, and Vedanta said the mining companies did not admit liability but had settled all claims for the benefit of the local community .
Industry Underestimating COVID-19 Biz Interruption Losses: RenRe CEO
During an upbeat earnings call focused on how RenaissanceRe is using $1 billion of capital it raised last year in 2021, the CEO highlighted one negative development for the industry overall inadequate estimates of COVID-19 losses.
“Even as COVID 19 continues to spread, there has been some speculation that it will not prove as impactful for the insurance industry as originally foreseen. I do not believe this to be the case,” said Kevin O’Donnell, RenRe’s president and chief executive officer.
“In many instances, our industry has yet to recognize the losses that will inevitably arise from the pandemic, particularly with respect to business interruption. Likely, this lack of recognition occurred because it made renewals smoother at Jan 1,” O’Donnell continued.