(Reuters) — The SEC charged 9 new defendants in what it has called a more than $100 million international scheme to hack into newswires that distribute corporate press releases and to use stolen information to conduct insider trading. According to a complaint filed yesterday in the U.S. District Court for New Jersey, 5 traders and 4 companies they own made more than $19.5 […]
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Trader in Align, Edwards insider trading & hacking case pleads guilty
Georgia-based real estate developer Alexander Garkusha pleaded guilty on Monday to participation in an estimated $100 million insider trading scheme that involved hacking PR websites that Edwards Lifesciences (NYSE:EW), Align Technology (NSDQ:ALGN) and other major companies used. Garkusha plead guilty to conspiracy to commit wire fraud, making him the 1st defendant criminally charged in the case to claim involvement. He […]
ClearCorrect continues legal brawl with Align, files for inter partes
ClearCorrect is continuing its fight with Align Technology (NSDQ:ALGN) over clear orthodontic liners, saying today it filed an Inter Partes Review with the United States Patent and Trademark Office. The newly filed IPR must be decided within 12 months, ClearCorrect said, and stands independent from the company’s other ongoing USPTO patent challenges. “The USPTO has already […]
Appeals court: ITC can’t rule on Align Tech, ClearCorrect spat
The U.S. Court of Appeals for the Federal Circuit ruled today that the International Trade Commission has no jurisdiction in ruling on Align Technology‘s (NSDQ:ALGN) patent spat with ClearCorrect. A 3-judge panel ruled that the ITC has no jurisdiction over the transmission of digital data over the internet, and only over the importation of “tangible […]
Align Tech fires off false advertising, infringement lawsuits, releases Q3 earnings
Align Technology (NSDQ:ALGN) today announced a series of lawsuits it filed in California over patent infringement, false advertising and unfair competition as well as releasing its 3rd quarter earnings. The lawsuits, filed in the Northern District of California, are against SmileCareClub LLC, Camelot SI, SharperImage.com and Brookstone. In its lawsuit against SmileCareClub, Align asserts that the […]
Feds: Insider trader, hacker ring targeted shares of Edwards, Align Technologies among others
Edwards Lifesciences (NYSE:EW) and Align Technology (NSDQ:ALGN) are among a handful of companies whose shares were exploited as part of a $30 million hacking and securities trading scheme, according to federal prosecutors. U.S. prosecutors have charged 9 people over their alleged roles in the hacking operation to obtain corporate press releases from Business Wire, MarketWired and PR Newswire […]
Toshiba interim CEO Muromachi to stay on | Personnel Moves
Toshiba (TYO:6502) proposed the company keep interim CEO Masahi Muromachi on as permanent chief exec after 8 officials resigned due to their roles in an accounting scandal, Japanese media reports. Last week, Toshiba said former board chair Muromachi would temporarily take the reins as chief exec after an independent probe found former CEO Hisao Tanaka was aware […]
Patent Office to review Align Technology patents in ClearCorrect spat
The U.S. Patent & Trademark Office agreed to re-examine a trio of patents held by Align Technology (NSDQ:ALGN) after a request from rival ClearCorrect. It’s the latest stage in their long-running legal war over orthodontic device technology. In April, the companies seemed to be closer to burying the hatchet with a deal to resolve a pending proceeding at the International Trade […]
Align, ClearCorrect move to settle infringement litigation
Digital dentistry: Align Tech agrees to support Zimmer’s abutments
Align Technology escapes shareholder lawsuit again
Align Technology (NSDQ:ALGN) announced this month that a California district court again dismissed a shareholder lawsuit, this time with prejudice.