Corporations, Securities & Antitrust Practice Group Podcast
While other fields of law are trying to anticipate the future ramifications of the widespread use of drones, robots, and self-driving vehicles, financial markets have already confronted the fact that – for about five years now – automated trading programs have made the majority of all trades in equities and commodities. Automation has substantially reduced the cost of trading, but it has also had profound effects on the structure of financial markets, and has raised questions about its facilitation of allegedly abusive practices. A 2013 documentary, “Ghost Exchange,” and a 2014 best-selling book, Michael Lewis’s Flash Boys, focused public attention on the effects of high-frequency trading (HFT) on market integrity and stability, and helped precipitate a series of aggressive enforcement investigations as well as rulemaking initiatives at financial regulatory agencies in the U.S. and abroad. Our experts reviewed the state of the debate over HFT, and possible paths forward.
Intellectual Property Practice Group Podcast
- Brian Mannix, President, Buckland Mill Associates
- Joanne Medero, Managing Director, BlackRock Inc.
Having completed work on the America Invents Act in 2011, Congress is now considering further patent revision legislation. While some observers argue that the patent system is broken, in dire need of repair, others assert that the patent system has fostered innovation in technology, communications and elsewhere, which has permitted remarkable advances and robust economic expansion in those sectors in an otherwise tepid economy. Is the business world overrun with patent suits, or are judges already empowered to control nuisance litigation? What parts of the current patent revision efforts are true reform, and which are unwarranted government intrusions? What are the respective roles and expertise of the judiciary and the legislature when it comes to patents, patentability, fee-shifting, patent-licensing, and more? These and other issues were discussed by Chief Judge Randall R. Rader, United States Court of Appeals for the Federal Circuit.
- Hon. Randall R. Rader, Chief Judge, United States Court of Appeals, Federal Circuit
[Listen now!]?? Telecommunications & Electronic Media Practice Group Podcast
On March 14, 2014, the U.S. Commerce Department’s National Telecommunications and Information Administration (NTIA) announced its plan to transition its key internet domain name functions to the global multistakeholder community. It has asked the Internet Corporation for Assigned Names and Numbers (ICANN) to commence the multistakeholder process to develop the transition plan.
NTIA administers changes to the authoritative root zone file – the database containing the lists of names and addresses of all top-level domains – and serves as the historic steward of the Domain Name System. NTIA currently contracts with ICANN to carry out the Internet Assigned Numbers Authority (IANA) functions and has a cooperative agreement with Verisign under which it performs related root zone management functions. ICANN’s government contract expires September 30, 2015. NTIA has indicated that ICANN’s transition plan must adhere to four principles. It must:
- Support and enhance the multistakeholder model
- Maintain the security, stability, and resiliency of the Internet DNS
- Meet the needs and expectations of the global customers and partners of the IANA services
- Maintain the openness of the internet
In this Teleforum, we discussed the implications of this pending transition and its potential impact on a free and open internet.
- Hon. John M.R. Kneuer, President and Founder, Kneuer LLC
- Patricia J. Paoletta, Partner, Wiltshire & Grannis LLP
[Listen now!] Intellectual Property Practice Group Podcast
Adam Mossoff April 01, 2014
The rise of the software industry following the personal computer revolution in the early 1980s created a heated policy debate about whether this “computer-implemented technology” should be secured in the patent system. The debate culminated this year with the Supreme Court’s cert grant in Alice Corp. v. CLS Bank, in which the Court will determine whether computer-implemented technology, such as computer software programs like Excel or Word, are eligible for patent protection or whether they should be excluded from the patent system on the grounds that they are “abstract ideas” tantamount to scientific formulas or mathematical algorithms. Given the “smart phone war” between Apple, Samsung, Google, Microsoft, and other high-tech firms, many commentators in newspaper articles, in blogs, and at conferences now complain about the “problem of software patents.” But for at least twenty years, patents have secured software and served an important function in bringing to market technological innovation once imagined as only science fiction — tablet computers, smart phones, wireless telecommunication, cloud computing, and streaming television, movies and songs, to name but a few. In Alice, the Court holds the fate of a significant portion of America’s innovation economy in its hands, as the Justices will wrestle with the difficult issues of how the patent system can best promote high-tech innovation in the twenty-first century.
- Prof. Adam Mossoff, Professor of Law and Co-Director of Academic Programs and Senior Scholar of the Center for the Protection of Intellectual Property, George Mason University School of Law