Israeli companies with e-commerce and other web activities reaching persons living in the United States should be aware of new Data Privacy legislation on the horizon regarding the personal information of Colorado residents. By Sept. 1, formal data security and data disposal programs must be in place to be in compliance with the laws. Read more to understand what measures must be undertaken starting next month.
GT Wins Motion to Dismiss for Teva Pharmaceuticals USA, Inc.
Posted in Firm News, LitigationGT is pleased to have achieved a win on behalf of our client Teva Pharmaceuticals USA, Inc.
In May 2018, a U.S. Federal District Court Judge from the Central District of California granted Teva’s motion to dismiss in its entirety without leave to amend.
In April 2017, Plaintiffs commenced an action in California’s Riverside County Superior Court against Teva related to the anti-depressant drug Lexapro and its generic equivalent. That original case was removed to federal court where an initial motion to dismiss was granted with leave to amend in November 2017 though the Order agreed with Teva and outlined the many infirmities of Plaintiffs’ claims allowing for an opportunity to address them in a further amendment. After Teva raised several separate bases for dismissal, the Court finally granted the motion without further leave to amend.
GT Team: The team included Lori G. Cohen (Shareholder, Atlanta, Pharmaceutical, Medical Device & Health Care Litigation), Ginger Pigott (Shareholder, Los Angeles, Litigation), R. Scott Mullen (Associate, Los Angeles, Litigation), and Kathryn A. Guenther (Paralegal, Los Angeles, Litigation).
Greenberg Traurig’s Tel Aviv office is the only major international law firm with a multidisciplinary, registered office in Tel Aviv and serves as a gateway for Israeli businesses and entrepreneurs seeking opportunities around the world, as well as for clients exploring opportunities within Israel.
What CFOs Need to Know about the State Sales Tax Ruling
Posted in Tax, TechnologyThe recent Supreme Court ruling allowing states to tax online sales could result in a disruption in the operations of portfolio companies owned by private equity firms. With little time to act, chief financial officers need to know how to deal with the consequences of this decision that has significantly changed the tax landscape.
Supreme Court Internet Sales Tax Case Will Require Many Companies to File State Corporate Income Tax Returns – Even If They Are Not Subject to Sales Tax
Posted in Tax, TechnologyAlthough the sales tax collection obligation of online retailers was the focus of last month’s momentous U.S. Supreme Court case South Dakota v. Wayfair, it will also impact state corporate and income tax obligations. Companies may now be exposed to state income tax as a result of the Wayfair case and should examine their activities in the states and may wish to consider entering into a voluntary disclosure agreement with these states.
California Governor Signs Consumer Privacy Act of 2018
Posted in Data protectionGovernor Brown has just signed the California Consumer Privacy Act of 2018. The new law, which has numerous similarities with the EU General Data Protection Regulation (GDPR), will take effect on Jan. 1, 2020. The law was passed on an expedited schedule to block a similar initiative that had garnered enough signatures to qualify for the ballot. While the two measures have similar terms, it will be much easier for the California Legislature to amend the statutory measure than its initiative counterpart. It is expected that legislation proposing changes to the new law will be introduced early next year as part of the next two-year legislative session.
The law expands the definition of “personal information” to include a broad list of personal and commercial characteristics and behaviors, as well as inferences drawn from this information. It also provides California consumers with the ability to obtain information about the sharing and disclosure of their personal information and to prohibit such sharing or disclosure. The law affects a broad range of entities doing business in California, creating obstacles to their marketing and monetization efforts.
Supreme Court’s Online Tax Decision Will Impact Cloud Computing and Software Industries
Posted in Tax, TechnologyOn June 21, the U.S. Supreme Court decided South Dakota v. Wayfair, allowing states to tax online sales even if the retailer does not have a physical presence in the state. This decision, abandoning a 26 year-old precedent (based on a case heard 25 years before that) has shaken the retail industry. This case will create new challenges for online retailers, and is being welcomed by their brick and mortar competitors. The focus of this development has been on the online sale of goods, but it will also impact the software and cloud computing industries as well, forcing this sector of the economy to also face the changed online tax landscape.
Calcalist Features Barry Schindler on the Status of Food-Tech Industry in Israel
Posted in Mergers & Acquisitions, TechnologyIn a recent article (Hebrew) on the rapidly evolving food-tech industry in Israel, Barry Schindler analyzed the status of M&A in the industry, stating that food-tech companies are still very young, which is why investments tend to be smaller compared with parallel companies in the bio and hi-tech industries. He continued to say that we will be seeing more significant M&A activity with regard to Israeli food-tech companies, thanks to their significant development.
Barry J. Schindler is the co-chair of Greenberg Traurig’s Global Patent Prosecution Group and an active member of the firm’s Israel Practice. Barry works with food-tech and other technology based companies in Israel on a regular basis
GT Tel Aviv Represents Canon in Major Acquisition in Israel
Posted in Israel, Mergers & AcquisitionsTeam of GT attorneys represented Canon Inc. in their first ever acquisition in Israel.
The Japanese giant acquired Israeli Video Analysis Company BriefCam.
Leading the deal were Tel Aviv office shareholders Joey Shabot and Ephraim Schmeidler. Additional team members in Tel Aviv included Aaron Katz, Jonathan Orlinsky, Devora Snyder, and Saar Warner-Lipton. In the United States, the team included Barry Schindler, co-chair of Greenberg Traurig’s Global Patent Prosecution Group, as well as Josh Malino, Lennie Bersh, Mindy Leathe, Noam Lipshitz, Stephen Pepper, Cyril Brennan, Marc Harrison, and Zack Luber, as well as George Qi, co-managing shareholder in the firm’s Shanghai office.
GT is the only major international firm with an office in Israel.
5 Tips to Protect Your Medtech Startup’s Innovations
Posted in Medical Technology, StartupsDavid J. Dykeman authored an article titled “5 Tips to Protect Your Medtech Startup’s Innovations.” The article was published in Medical Design & Outsourcing as well as MassDevice.
Technology’s Legal Road to the 2018 Winter Olympics – and Beyond
Posted in Cybersecurity, Intellectual Property, TechnologyIn our Feb. 9th blog post, we highlighted some of the amazing technology being used at the 2018 Winter Olympics in Pyeongchang, South Korea. While awe-inspiring, the use of these technologies can give rise to legal challenges that may need consideration.
