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June 4, 2012 03:10 pm GMT
Ross Levinsohn, the interim CEO of Yahoo, and members of his board have "stepped up" talks with Facebook to settle their patent dispute, according to AllThingsD, but that is not the end of legal wrangles for Levinsohn, it seems.This week could see a decision on whether another case that names Levinsohn as a defendant will go to trial: an ongoing, messysuit filed by Kate Paley (daughter of CBS's William Paley) accusing Radar Networks, makers of a social web app called Twine; Levinsohn and several other investors; andEvri, the company that bought Radar Networks, of fraud, breach of contract and 10 other things.Paley had invested $5 million in Radar in 2007 and contends she didn't get her just returns on that. Although the case has nothing to do with Yahoo, it's an awkward situation to have Levinsohn named in an investor fraud case at a time when the Internet giant is looking for a fresh start tackling much bigger issues it is facing as it loses online ad market share to Facebook and Google.
Original Link: http://feedproxy.google.com/~r/Techcrunch/~3/Hu3QXudfTZ4/
Yahoo May Settle With Facebook On Patents, But CEO Levinsohn Has Another Legal Wrangle On His Hands
Ross Levinsohn, the interim CEO of Yahoo, and members of his board have "stepped up" talks with Facebook to settle their patent dispute, according to AllThingsD, but that is not the end of legal wrangles for Levinsohn, it seems.This week could see a decision on whether another case that names Levinsohn as a defendant will go to trial: an ongoing, messysuit filed by Kate Paley (daughter of CBS's William Paley) accusing Radar Networks, makers of a social web app called Twine; Levinsohn and several other investors; andEvri, the company that bought Radar Networks, of fraud, breach of contract and 10 other things.Paley had invested $5 million in Radar in 2007 and contends she didn't get her just returns on that. Although the case has nothing to do with Yahoo, it's an awkward situation to have Levinsohn named in an investor fraud case at a time when the Internet giant is looking for a fresh start tackling much bigger issues it is facing as it loses online ad market share to Facebook and Google.Original Link: http://feedproxy.google.com/~r/Techcrunch/~3/Hu3QXudfTZ4/
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