Tagged: lawsuit

Lawsuit Filed Against iFunding “Discontinued with Prejudice”

Gavel Dismissed

In a pretty big win for the real estate crowdfunding platform iFunding, the lawsuit filed against it by CapStack Partners was “discontinued with prejudice in all respects” yesterday. Crowdfund Insider reported in January that CapStack Partners had filed a grievance with the Supreme Court of… Read More

“Axanar” Legal Woes Continues: Paramount & CBS Amend Lawsuit to Include The Use of Klingon Language & Vulcan Ears

Boxing Gloves Fight Box

And the legal woes just keep on coming for crowdfunding success Axanar. Back in December 2015, film giants Paramount and CBS slapped the project with an infringement lawsuit. The companies have viewed the film as a violation of their intellectual property and filed a lawsuit in California… Read More

COIN Tossed Into Class Action Lawsuit by SF Lawfirm

Unhappy Balloon Sad

COIN, the one card to rule them all, has been slapped with a class action lawsuit filed by Kronenberger Rosenfeld, a San Francisco-based law firm that specializes in internet, tech and media law.  The suit was filed against COIN alleging they “knowingly marketed a defective product”…. Read More

Tough Month. iFunding Hit with Second Lawsuit

Unhappy Balloon Sad

Real estate crowdfunding platform iFunding has been hit with a second lawsuit. iFunding was recently blindsided by a suit filed by CapStack Partners in the New York Supreme Court. Today The Real Deal is reporting that iFunding is party to a second suit, this one… Read More

U.S. Judge Rules: Total Recall’s Lawsuit Against Oculus’ Palmer Luckey May Now Proceed

Palmer Luckey

Last year, Hawaii-based company, Total Recall Technologies, filed a lawsuit against former employee and Oculus creator, Palmer Luckey, for breach of contract. Now, according to PCMag, U.S. District Judge William Alsup in San Francisco this week has rules that part of the lawsuit against Luckey, which… Read More

iFunding Sued. Real Estate Crowdfunding Company Calls Lawsuit Baseless

boxing fight

iFunding, one of the earlier entrants into the real estate crowdfunding sector, has started the New Year on a bit of a sour note. In an article published in the Real Deal (TRD), it was revealed that iFunding had been sued this past December by… Read More

Paramount & CBS Files Lawsuit Against Crowdfunding Success “Axanar”

Axanar 5

Last week, Paramount and CBS announced they have filed a lawsuit against independent Star Trek film, Axanar. The film has raised over $1 million through Indiegogo and Kickstarter campaigns. It is feature film, but will be broken down into four episodes following the four acts of the script. California-based Axanar Productions previously… Read More

Recent Lawsuit May Show Big Liability Risk for Crowdfunding Platforms

Danger Electricution

Crowdfunding, and using the internet to raise money for an increasing number of industry sectors, is still in its infancy. It is really the internet that is the disruptive innovation. It is this technology that is altering the funding process and crowdfunding has become the term… Read More

Brief: Former Mexican Diplomat Seeks $100,000 Through Indiegogo Life to Help Chef José Andrés With Donald Trump Lawsuit

Chef José Andrés 1

Following the announcement of real estate mogul Donald Trump suing celebrity chef, José Andrés, a former Mexican diplomat, Jorge Guajardo, has launched a crowdfunding campaign on Indiegogo Life to help the chef with his legal battle. According to International Business Times, Andrés pulled out of his deal in July… Read More

Kickstarter Wins Crowdfunding Patent Lawsuit Against ArtistShare

Winner

Kickstarter has achieved a major victory in federal court today, marking the end of a four-year-long patent dispute. In 2011, ArtistShare, which was founded Brian Camelio, was issued a patent for “Method and Apparatuses for Financing and Marketing a Creative Work,” claiming “a system and method for… Read More

Montana & Massachusetts Update “Fools Errand” SEC Lawsuit

Damage Dollar Money

The states of Massachusetts and Montana have filed a joint preliminary statement of issues. Once again the two state securities regulators, William Galvin in Massachusetts and Monica Lindeen in Montana, are reiterating their criticism of the SEC and recently enacted rules for Regulation A+. The… Read More

Details Emerge on Patent Lawsuit Against Multiple Crowdfunding Platforms

Knock Out Punch

It was revealed earlier this week that a patent infringement lawsuit was filed against Indiegogo, CircleUp, GoFundMe, Kickstarter, Gust, RocketHub & Innovational Funding  by Alphacap Ventures LLC for a trial by jury in the Eastern District Court of Texas. Alphacap Ventures is based in California but… Read More

AlphaCap Ventures Files Patent Infringement Lawsuit Against Indiegogo

Boxing Gloves Fight Box

This past Friday a lawsuit was filed in Texas for patent infringement against global crowdfunding platform Indiegogo.  The plaintiff in the case is AlphaCap Ventures LLC, a filing associated with a Mr. Charles Ainsworth.  Ainsworth is a patent attorney based in East Texas  who “has earned a reputation… Read More

Creator of Airline Advice Website Skiplagged Launches GoFundMe Campaign to Fight United Airlines & Orbitz

Skiplagged 2

During the final months of 2014, creator of airfare advice website Skiplagged Aktarer Zaman was faced with a lawsuit from United Airlines and its partner Orbitz, claiming that the 22-year-old was providing “unfair competition” along with promoting “strictly prohibited travel on his website. This is… Read More

Crowdfunding Patent Battle Between Kickstarter & ArtistShare Nears End. Judge Set to Rule on Creation of Crowdfunding

Kickstarter vs ArtistShare

Three years ago, crowdfunding leader Kickstarter became embroiled in a legal battle with musician and creator of website ArtistShare, Brian Camelio. Now it looks like the battle of who invented (or at least controls the intellectual property) crowdfunding is finally about to come to end…. Read More

Kickstarter Alum Carbon Audio Files Suit Against Monster Alleging IP Theft

carbon audio

Oregon-based Carbon Audio has one successful Kickstarter under their belt. The company raised over $70,000 on a $25,000 goal for the Zooka, a wireless speaker for iDevices. The crowdfunding success was also accompanied by a $1.5 million round. The product eventually found its way into… Read More

Kickstarter Triumphs In Lawsuit Over Cancelled Project & Guidelines

Kickstarter K

We recently reported on a lawsuit filed by Kristin and Chapman Ducote that accused Kickstarter of pulling their crowdfunding campaign without any basis to do so. In synopsis, the campaign was launched for a book called Naked Paddock. The campaign aspired to produce a “novel based on… Read More

The Top 10 Crowdfunding Stories Of The Last Year

Crowdfunding

Today marks one year to the day since we launched Crowdfund Insider. We launched with a simple goal: to help educate people from all walks of life about the crowdfunding space. Whether you own a crowdfunding company, have launched a project or are just passing through,… Read More

Kickstarter, Lawsuits And An F From The BBB

Kickstarter K

Curation in crowdfunding carries some risk. Does it carry some responsibility as well? On August 14th, 2013, Kristin “MK” Ducote, author of the racing novel, Naked Paddock, along with her husband, professional racecar driver, Chapman Ducote, and their publishing company, War Chest Publishing, LLC, filed… Read More

Kickstarter Campaign Squanders $123K, Campaign Creator Responds

Doom5

A campaign launched for a board game called “The Doom That Came To Atlantic City” raised $122,000, closing funding on June 6th of last year. Over 1200 backers chipped in. The campaign was launched by The Forking Path, a Portland, Oregon based game developer and… Read More