ESPN reach a settlement with Verizon on Wednesday over the FiOS bundle Internet access cable. ESPN filed a lawsuit against Verizon in April 2015 for breaching its carriage contract by offering ESPN programs as separate package.
Apple Inc. suffered another legal blow over the “iPhone” name trademark after a China court ruled in favor of Xintong Tiandi Technology (Beijing) Co. highlighting the country’s Trademark Law. The Beijing Municipal High People's Court ruled that Xintong’s use of the name for its leather accessories could not be prevented.
Mossack Fonseca, the law firm which become the center of Panama Papers controversy wrote a letter of apology to its Chinese banking client. The firm aimed to sustain its business in Asia after a leak of its financial data.
Campaigners for ‘Adult Use of Marijuana Act’ have so far collected 600,000 signatures from Californian voters till Wednesday. The proposed law aims to legalize recreational use of marijuana with certain terms and conditions. State officials have predicted for a $1 billion tax revenue earning, if the proposed law gets implemented.
