intellectual property liability News

Buffett’s Duracell Sued by BASF Over Lithium Battery Secrets

Billionaire investor Warren Buffett’s Duracell battery maker was accused by chemical producer BASF SE of stealing trade secrets about lithium ion battery technology. BASF, the world’s biggest chemical maker by revenue, claims in a lawsuit that Duracell, owned by Buffett’s …

AI Company Anthropic Wins Early Round in Music Publishers’ Copyright Case

Artificial intelligence company Anthropic convinced a California federal judge on Tuesday to reject a preliminary bid to block it from using lyrics owned by Universal Music Group and other music publishers to train its AI-powered chatbot Claude. U.S. District Judge …

LL Bean Agrees to Injunction to End Skechers Shoe Patents Lawsuit

LL Bean, the clothing and outdoor gear company, agreed to stop selling a line of casual shoes to settle a lawsuit in which Skechers USA accused it of copying a design for its own shoes, which have sold in the …

Squishmallows Maker Can Sue Build-A-Bear Over Alleged Plush Toy Knockoffs

A U.S. judge rejected Build-A-Bear Workshop’s effort to dismiss a lawsuit claiming that its Skoosherz plush toys were unauthorized knockoffs of Squishmallows, the popular plush toys made by a unit of Warren Buffett’s Berkshire Hathaway. In a decision on Monday, …

Markets/Coverages: Arch Insurance Int’l Launches Intangible Assets Team for IP Risks

Arch Insurance International has launched an intangible assets team, which joins from Aon following an agreement to acquire certain assets of its intellectual property (IP) liability MGA business. Led by Ian Lewis as head of Intangible Assets, the five-person underwriting …

Alcon to Pay Johnson & Johnson $199M to Settle Eye-Laser Cases

Alcon Vision will pay Johnson & Johnson’s Surgical Vision Inc $199 million to settle legal battles over intellectual property related to the companies’ laser eye-surgery devices, Alcon said in a press release on Sunday. Alcon said the one-time payment would …

Marsh Launches Intellectual Property Product With Broad Defense Coverage

Marsh has launched IP Protect – an insurance product tailored to address organizations’ intellectual property (IP) risks. A proprietary Marsh policy, IP Protect is backed by Ambridge Partners, a managing general underwriter of transactional, complex management liability, and intellectual property …

Aon Launches Intellectual Property Liability Coverage

Aon plc has launched a new insurance product designed to cover clients’ intellectual property liability, including patents, copyrights, trademarks, trade secrets and know how. This is the latest offering in Aon’s suite of integrated IP capabilities following the recent announcement …