New Jersey residents may be interested in the outcome of an intellectual property dispute between Morningstar Inc. and Business Logic Holding Corp. According to the terms worked out in the agreement, Morningstar will pay $61 million to Business Logic in exchange for a license to the intellectual property that was previously in dispute.
If you have watched Toy Story 3, then you are familiar with “Lots-O’-Huggin,” or “Lotso,” the cuddly yet disturbed stuffed bear who served as the main villain in the film. Just when you thought you had seen the last of him, he comes back again, this time to disturb Disney Enterprises in the form of a lawsuit over an intellectual property dispute and alleged unfair competition.
In both the federal and state court systems there are multiple courts that could hear a case before a final resolution is given. In the federal court system, there is the district court, then the appeals courts and finally the Supreme Court. The appeals courts hear a variety of cases including intellectual property disputes.
The iPhone and iPad are two popular devices in New Jersey. In fact, one would be hard pressed to go anywhere in public without seeing someone using one of the devices. This popularity was something that Apple worked hard to achieve. The process of developing such a long-lasting product trend took years and involved extensive market research before releasing the iPhone in 2007 and the iPad later in 2010.
An interesting dispute currently being fought in the courts between fashion houses Christian Louboutin and Yves Saint Laurent is testing the limits in what can count as intellectual property in the business of fashion.
Two recent intellectual property disputes have made the news, one involving Microsoft Corp. and the other involving the author of the Harry Potter books, J.K. Rowling. U.S. computer software company Microsoft is cracking down on the piracy of its software in China. On the other side of litigation is J.K. Rowling and her publisher, Scholastic, who are defending against an intellectual property lawsuit. The lawsuit claims Rowling stole the intellectual property of another British author in order to create one of the books in her wildly popular Harry Potter series.