Law Office of Henry B. LaTorraca Civil Trial Attorney

May 2015 Archives

Lawsuit claims Uber founder stole app idea

A California businessman has filed a lawsuit against Uber Technologies Inc. claiming that he had the idea for the technology that the transportation network company uses. The entrepreneur alleges in his lawsuit that he came up with the idea in 2002, and he says that he shared his vision of a smartphone app that used GPS technology to arrange rides with two individuals. One of these individuals went on to become a founder of Uber, and the other became an investor in the company.

ServiceMesh CEO sued by CSC

California investors may be interested in learning about a recent lawsuit filed by Computer Sciences Corporation against Eric Pulier, the former CEO of ServiceMesh. People might remember that ServiceMesh was purchased by CSC in October 2013 for an eyebrow-raising sum of $260 million.

The benefits of SBA backed loans for entrepreneurs

Many business owners in California find it difficult to qualify for a mortgage when they wish to purchase or renovate a piece of commercial real estate. Conventional lenders generally look at only established cash flow when they assess a business application, and the increased revenue that the property will bring into the company is not usually considered. Another challenge facing entrepreneurs is the strict loan to value guidelines that lenders follow, which can make things difficult for business owners who are not able to put a significant amount of money down.

Fighting over Blackbeard's treasure

Investors in California may be interested in learning more about recent developments concerning the treasure of Blackbeard's recovered ship. The vessel was lost at sea for nearly 300 years before it was discovered off the coast of North Carolina by a company searching for shipwrecks during 1996. After making the initial discovery, the Florida-based organization eventually contracted for the rights to media exploitation of the shipwreck and its recovery as well as any studies or historic artifacts linked to the findings.

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