publiclawlibrary.org

NanoString Technologies and Subsidiaries File for Bankruptcy Protection Following $31 Million Patent Infringement Case

by

Seattle-based NanoString Technologies and three of its subsidiaries have filed for Chapter 11 bankruptcy protection, citing a $31 million jury award in a patent infringement lawsuit. The dispute arose after rival company 10x Genomics accused NanoString’s GeoMx® Digital Spatial Profiler (DSP) of infringing seven patents exclusively licensed to 10x by Prognosys Biosciences. The jury decided in favor of 10x, awarding them $31 million in damages. NanoString’s shares dropped 50% following the announcement of the award. In response, NanoString withdrew its full-year 2023 guidance to investors, which had projected revenue between $175 million and $185 million. … Read more

Family Seeks Justice in Fatal Police Shooting: Press Conference to Address Tragic Incident in Carol Stream

by

CAROL STREAM, Ill. – The family of a man fatally shot by a police officer in a Carol Stream home is scheduled to address the media in a news conference today. The incident took place early Saturday morning at the Villagebrook Apartments on St. Charles Road, where law enforcement responded to a domestic violence call. Police described the situation as tense and rapidly evolving, leading to officers firing their weapons at the man, identified as Isaac Goodlow. According to the family, Goodlow was shot in the chest and succumbed to his injuries after allegedly throwing … Read more

South Dakota Judicial Vacancies Close to Being Filled as New Candidate Emerges

by

Sioux Falls, South Dakota – The search for two federal judges to fill vacancies in South Dakota’s U.S. District Court has gained momentum with the emergence of a new candidate. Camela Theeler, a state circuit court judge and former assistant U.S. attorney, is being considered by President Joe Biden’s administration for a lifetime federal appointment. Theeler’s potential nomination, along with that of Sioux Falls lawyer Eric Schulte, could help alleviate the strain on the crowded federal court docket. Theeler, 48, has been designated as an acceptable choice by Republican U.S. Sens. John Thune and Mike … Read more

XRP Holds Steady as SEC vs. Ripple Lawsuit Nears Pivotal Point

by

San Francisco, California – Ripple, a blockchain technology company based in San Francisco, is currently in a legal battle against the U.S. Securities and Exchange Commission (SEC) over the sales of its cryptocurrency XRP. The case has reached a crucial milestone, with the court hearing scheduled for May 2021. The outcome of this hearing could have significant implications not only for Ripple but the entire cryptocurrency industry. XRP is the third-largest cryptocurrency by market capitalization, behind Bitcoin and Ethereum. Its value has remained relatively stable leading up to the court hearing, despite the uncertainty surrounding … Read more