Amazon reportedly working on hand-scanning payments system | Discovery period in Truist lawsuit extends to 2021 | US threatens UK, Italy with tariffs if they implement digital tax
January 21, 2020
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Amazon reportedly working on hand-scanning payments system
Amazon is developing technology that allows consumers to store credit card information on their hands and pay by having their palms scanned, sources say. The technology company is in discussion with credit card companies and plans to begin the payment method in brick and mortar stores with repeat customers.
The Wall Street Journal (tiered subscription model) (1/19) 
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Discovery period in Truist lawsuit extends to 2021
The discovery deadline in a trademark-infringement lawsuit against Truist Bank filed by credit union Truliant was set for Jan. 1, 2021. Truliant says Truist's name, coined following the merger of BB&T and SunTrust, will confuse consumers in markets where both entities have offices.
Winston-Salem Journal (N.C.) (1/17) 
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National News
US threatens UK, Italy with tariffs if they implement digital tax
The US will impose tariffs on Italy and the UK if they move forward with implementing a digital tax aimed at big technology companies, Treasury Secretary Steven Mnuchin said. France has agreed to hold off on imposing its digital tax and continue negotiating with the US after it faced similar threats of tariffs.
The Wall Street Journal (tiered subscription model) (1/21) 
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Financial and Tax Update
Fed's Quarles outlines incremental changes to bank supervision
The Federal Reserve is considering no longer holding foreign banks that have shrunk US assets to standards faced by domestic banks. The Fed is also considering incremental changes to bank oversight that would "increase transparency, accountability and fairness," Vice Chairman for Supervision Randal Quarles said.
Reuters (1/17),  BNN Bloomberg (Canada) (1/17) 
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China might prove challenging for US bank ventures
US banks plan to pour an estimated $1 trillion into China's $45 trillion market for financial services as China improves access for foreign firms, but they are expected to face tough competition from domestic rivals.
BNN Bloomberg (Canada) (1/20) 
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PLI News
Advanced Licensing Agreements 2020
This comprehensive IP licensing program will feature updates on current legal developments, present case studies highlighting best practices, discuss tactics for negotiating frequently contested issues, and provide guidance on identifying and avoiding common pitfalls. The program will take place on January 27-28 in San Francisco and via live webcast, and also in New York (live web) and Chicago later this year.
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The Latest in Wage and Hour Case Law
Wage and hour litigation over minimum wage and overtime exemptions, employee classification, overtime rates of pay, and unpaid time worked remains steady in courts and is becoming increasingly common in the arbitration forum. Attend PLI's Wage & Hour Litigation and Compliance 2020 on January 28 in New York or via live webcast to stay up to date on the latest legal developments, be informed about Department of Labor initiatives and regulatory changes, and be aware of issues arising in independent contractor and joint employment relationships.
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Supreme Court and Federal Court Watch
Supreme Court turns down request for expedited review of ACA appeal
A petition by the US House and a group of blue states to expedite an appeal of a lower court's ruling striking down the Affordable Care Act's individual mandate was rejected by the Supreme Court on Tuesday. The 5th Circuit Court of Appeals ruled the ACA provision was unconstitutional, but the high court's decision makes it unlikely there will be a ruling on the appeal before the 2020 presidential election.
The Hill (1/21) 
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Other Legal News
Risperdal punitive damages award against J&J cut from $8B to $6.8M
A Philadelphia judge has reduced from $8 billion to $6.8 million the punitive damages awarded to a man who says Johnson & Johnson did not warn that its antipsychotic drug Risperdal could lead to female breast tissue growth in boys. The judge provided no reason for the reduction, and both parties said they will appeal the decision.
Reuters (1/17) 
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PTAB denies Edwards' petition to challenge Abbott valve repair IP
A petition filed by Edwards Lifesciences to review the patentability of some Abbott intellectual property rights for the MitraClip mitral valve repair device was denied by the Patent Trial and Appeal Board. "[Edwards] has failed to show a reasonable likelihood of success in establishing that any of the challenged claims would have been obvious over [the existing patents]," the board wrote.
MedTech Dive (1/17) 
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Professional and Business Development
Broaden your perspective when things go wrong
Negative comments seem to stick with us more than praise, writes Michael McKinney, which means we must be able to see problems from different perspectives and be careful when giving negative feedback to team members. "Positive emotions broaden your perspective and enable you to build skills that help you flourish both personally and professionally," say authors John Tierney and Roy Baumeister.
Leadership Now (1/17) 
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Speak to help, not to win the conversation
Improve your conversations by thinking about what the other person needs -- do they need advice or problem-solving, for instance, or do they just want to be heard? "My opinion might be well reasoned, deeply thoughtful, and based on years of experience, but it is still just my opinion," writes John Spence.
John Spence (1/16) 
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Press Releases
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Tradition is the albatross around the neck of progress.
Bill Veeck,
professional baseball club executive, owner, promoter
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