Can Twitter Prove Meta Stole Trade Secrets? - Free Websites, Share News And Posts Publicly

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July 7, 2023

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What’s going on today?

Elon Musk sued Wachtell to recover a $90 million fee from the Twitter buyout lawsuit. Read the complaint.
Ethics panel says Rudy Giuliani should be disbarred.
Stroock and Nixon Peabody abandon merger talks.
And, U.S. legal jobs neared record levels in June.

Have a great weekend, and happy “Speak Now (Taylor’s Version)” day to all those who celebrate. 💜

Twitter may face difficulties showing Meta stole trade secrets

REUTERS/Dado Ruvic/Illustration/File Photo

Twitter’s claim that Meta stole trade secrets to build its new microblogging site Threads may be the first volley in a legal battle between the social media giants, but experts say Twitter would have to clear a high hurdle if it sues. In a letter sent on Wednesday to Meta, Twitter alleged that Meta used its trade secrets to develop Threads and demanded that it stop using the information. Read more about what Twitter would have to prove.

More top news:

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Week in review …

Global M&A deals down, law firm mergers up …

The total value of global M&A deals in the first six months of 2023 dropped 37% compared with the first half of last year, according to Refinitiv. Latham & Watkins took the top spot in Refinitiv’s principal adviser ranking by value of global announced deals while Goodwin Procter led when ranked by number of transactions. However, the chilling effect does not extend to law firm mergers. Twenty-eight law firm mergers took effect in the first six months of this year, compared with 25 deals each in the first halves of 2022 and 2021, according to Fairfax.

SCOTUS looks ahead …

The U.S. Supreme Court has already charted a course for its next term with issues such as gun rights and federal agency powers on the horizon.

Twitter ex-employees in spotlight …

On Monday, a proposed class action by Twitter employees who were laid off or quit after Elon Musk’s acquisition claimed that the company has blocked at least 891 arbitration cases from proceeding by not paying initial fees.

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Catch up with our columnists…

Alison Frankel’s On the Case

It’s getting easier for plaintiffs to pick where to sue internet retailers

Jenna Greene’s Legal Action

Why would anyone want to be a law firm managing partner?

Hassan Kanu’s Justice Matters

U.S. Supreme Court shows indifference to wrongful convictions

Check out other recent pieces from all our columnists: Alison Frankel, Jenna Greene and Hassan Kanu

Summer Friday

Robots say they won’t steal jobs, rebel against humans

REUTERS/Pierre Albouy

The nine humanoid robots gathered at the ‘AI for Good’ conference in Geneva, where organizers are seeking to make the case for artificial intelligence and the robots it is powering to help resolve some of the world’s biggest challenges such as disease and hunger. The robots doth protest too much methinks.