Tagged: lawsuit

February 4, 2016 @ 3:29 pm By JD Alois  |  

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

January 26, 2016 @ 5:04 pm By JD Alois  |  

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

January 21, 2016 @ 12:41 pm By Samantha Hurst  |  

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

January 19, 2016 @ 9:42 am By JD Alois  |  

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

December 30, 2015 @ 12:52 pm By Samantha Hurst  |  

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

August 26, 2015 @ 1:51 pm By JD Alois  |  

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

June 29, 2015 @ 7:12 pm By Samantha Hurst  |  

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

June 23, 2015 @ 10:30 am By JD Alois  |  

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

January 29, 2015 @ 9:33 am By JD Alois  |  

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

January 26, 2015 @ 9:18 am By JD Alois  |  

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

January 2, 2015 @ 11:11 am By Samantha Hurst  |  

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

September 19, 2014 @ 12:24 pm By Samantha Hurst  |  

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

March 10, 2014 @ 10:16 am By Charles Luzar  |  

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

September 28, 2013 @ 1:12 pm By Charles Luzar  |  

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

July 26, 2013 @ 9:30 am By Charles Luzar  |  

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

May 31, 2013 @ 8:36 am By Wired  |  

When Formlabs raised $2,945,885 on Kickstarter for its high resolution 3-D printer in October 2012, neither company was expecting a lawsuit. Still, 3D Systems, one of the biggest names in 3-D printing,sued both companies, accusing them of patent infringement. Debate swept the maker community — a 3-D printed Kickstarter project boycotted 3D… Read More

May 30, 2013 @ 8:32 am By Charles Luzar  |  

Kickstarter is used to fund everything from the unimaginable to the completely absurd, and five projects on our radar today pretty much run that gamut. Here are five projects getting a lot of buzz this week… ARKYD: A Space Telescope for Everyone Planetary Resources is… Read More

May 16, 2013 @ 8:54 am By Forbes  |  

With the success of the Veronica Mars and Garden State-sequel Kickstarter campaigns, it appears that the crowdfunding business model has made its way to mainstream Hollywood. While crowdfunding certainly has advantages, including giving filmmakers more creative control over their projects, this business model is open to potential claims of… Read More

January 22, 2013 @ 8:30 am By Charles Luzar  |  

Earlier this month we caught wind of the story of Hanfree, Seth Quest and Neil Singh as first reported by Eric Markowitz in Inc. It is supposedly the first time a Kickstarter backer had sued a project creator, and it eventually led to our story… Read More