
Amazon settles State Farm lawsuit alleging it stole elder care technology
The companies asked the court, opens new tab on Wednesday to dismiss the case with prejudice, which means it cannot be refiled. State Farm said in a statement on Thursday that the case had been settled under confidential terms.
Spokespersons and attorneys for Amazon did not immediately respond to a request for comment on Thursday.
Bloomington, Illinois-based State Farm sued Amazon in 2022, in what the insurance company said was its first-ever patent infringement lawsuit. According to the complaint, State Farm met with Amazon in 2019 and 2020 about incorporating its Sundial senior-care assistance technology into Alexa-enabled devices.
The lawsuit had accused Amazon of copying patented Sundial features, including its "circle of friends" for coordinating caregiver responsibilities, a chatbot for seniors to interact with the platform, and check-in and monitoring services.
Amazon had denied the allegations and argued that the patents were invalid.
The case is State Farm Mutual Automobile Insurance Co. v. Amazon.com Inc, U.S. District Court for the District of Delaware, No. 1:22-cv-01447.
For State Farm: Michael De Vries, Adam Alper, Akshay Deoras, Kat Li and Leslie Schmidt of Kirkland & Ellis
For Amazon: Doug Lumish of Latham & Watkins, Adam Greenfield of White & Case
Read more:
State Farm lawsuit says Amazon stole elder-care technology
Hashtags

Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles


Daily Mail
23 minutes ago
- Daily Mail
Pam Bondi on the brink: Epstein fallout gets nasty as Trump insiders reveal humiliating things colleagues are saying behind her back
Attorney General Pam Bondi is causing 'unnecessary embarrassment' for Donald Trump as the Jeffrey Epstein 'cover-up' claims overshadow his presidency, angry administration insiders say. A DOJ source told the Daily Mail that Bondi's 'communications failure' when it comes to the Epstein files has fueled a 'truckload of misinformation' surrounding the case.


Reuters
24 minutes ago
- Reuters
US dollar gains, but set for weekly drop as Fed, BOJ in focus
LONDON/NEW YORK, July 25 (Reuters) - The U.S. dollar advanced on Friday, bolstered by solid economic data that suggested the Federal Reserve was justified in taking a patient approach to cutting interest rates, while tariff negotiations showed more clarity. "The dollar regained some ground the past two days, after being on the defensive earlier in the week ... supported mostly by an encouraging set of U.S. economic data that argues for continued patience at the Fed," said Elias Haddad, senior markets strategist at Brown Brothers Harriman in London. The U.S. currency, however, showed little reaction to data showing new orders for key U.S.-manufactured capital goods unexpectedly fell in June while shipments of those products increased moderately. That suggested business spending on equipment slowed considerably in the second quarter. The greenback was set for its biggest weekly drop in a month, ahead of more tariff dialogue and central bank meetings next week, while sterling dipped after softer-than-expected British retail sales data. Both the Fed and the Bank of Japan are expected to hold rates steady at next week's policy meetings, but traders are focusing on the subsequent comments to gauge the timing of the next moves. Politics is a factor for both central banks, most dramatically in the U.S., where President Donald Trump once again pressed for lower interest rates on Thursday as he locked horns with Fed Chair Jerome Powell. Brown Brothers' Haddad said the Fed's monetary policy is being "overshadowed by the political pressure to lower interest rates. That's one of the reasons why I think the dollar's upside is limited." The dollar managed to recover a touch against the euro late on Thursday, however, after Trump said he did not intend to fire Powell, as he has frequently suggested he could. "The market relief was based on the fact that Trump refrained from calling for Powell to go, although that was based on Trump's view that Powell would 'do the right thing'," said Derek Halpenny, head of EMEA research at MUFG. He added, however, that "the theme of Fed independence being undermined by the White House will unlikely go away and remains a downside risk for the dollar." Falls against the euro and yen leave the dollar index , which measures the dollar against six other currencies, at 97.45, on track for a drop of 0.75% this week, its weakest performance in a month, though it bounced back 0.3% on Friday. Meanwhile, in Japan, though the trade deal signed with the U.S. this week could make it easier for the BOJ to continue rate hikes, the bruising loss for Prime Minister Shigeru Ishiba's coalition in upper house elections on Sunday complicates life for the BOJ. The yen was softer, thanks in part to below-expectations Tokyo inflation data, with the dollar last up 0.5% at 147.66 yen, though on course for a weekly 0.7% fall. The euro was down 0.2% at $1.1728 but set for a weekly gain of 0.8%. The common currency took some support Thursday from the European Central Bank meeting. Policymakers left the policy rate at 2%, as expected, but the bank's relatively upbeat assessment of the economic outlook and signs that an EU-U.S. trade deal is near caused investors to reassess previous assumptions of one more rate cut this year. In contrast, soft British data is supporting expectations of more Bank of England rate cuts, and causing euro zone bond yields to rise faster than British ones, supporting the euro against the pound. The euro rose as much as 0.23% on sterling to 87.27 pence on Friday, its highest since April, building on a 0.44% gain the previous day. Data on Friday showed British retail sales data for June slightly below analysts' expectations, albeit rebounding from a sharp drop in May, after figures on Thursday showed business activity grew only weakly in July and employers cut jobs at the fastest pace in five months. The pound was last down 0.6% on the dollar at $1.3434 .


Reuters
25 minutes ago
- Reuters
Wall Street, dollar firms ahead of a big week for market risk
NEW YORK, July 25 (Reuters) - Wall Street and the dollar firmed on Friday as investors girded themselves for the week ahead, which includes a Federal Reserve policy meeting, crucial corporate results and U.S. President Donald Trump's August 1 deadline for negotiating trade deals. "Some deals will be done and talks will continue, and Trump may push out the deadline further," said Tim Ghriskey, senior portfolio strategist at Ingalls & Snyder in New York. "Trump's process is to shock and then be reasonable in terms of tariffs." All three indexes were modestly green in early trading, and were on course for weekly gains. Gold lost some shine, pressured by the dollar as healthy risk appetites lured investors away from the safe-haven metal. With Trump's negotiating deadline just a week away, the U.S. and its trading partners are scrambling to reach trade agreements, with European negotiators heartened by the deal with Japan announced on Tuesday. Intel's shares INTC.O, opens new tab dropped 8.8% after the chipmaker forecast steeper-than-expected quarterly losses and said it had halted or scrapped new factory projects in the U.S. and Europe. More than a third of the companies in the S&P 500 have posted results, 80% of which have beaten estimates, according to LSEG data. Analysts now expect year-on-year second-quarter earnings growth of 7.7%, compared with the 5.8% estimate as of July 1. Four members of the Magnificent 7 group of Artificial Intelligence-related megacap stocks - Amazon (AMZN.O), opens new tab, Apple (AAPL.O), opens new tab, Meta (META.O), opens new tab and Microsoft (MSFT.O), opens new tab are on next week's earnings docket, and market participants will scrutinize the companies' conference calls for signs that AI expenditures are beginning to pay off and whether tariff-related uncertainties continue to weigh on forward guidance. U.S. economic data released on Friday showed an unexpected decline in new orders for core capital goods, as companies hold back on big ticket purchases amid the fog of ongoing trade talks. The Fed is expected to convene next week for its two-day monetary policy meeting, which is expected to culminate in a decision to let its federal funds target rate stand in the 4.25% to 4.50% range. The meeting comes at a moment in which Fed Chair Jerome Powell is facing criticism from Trump for not cutting rates. "I don't expect Powell to change what he does, nor should he," Ghriskey added. "The idea of lower interest rates should scare us because Fed has had this huge job of bringing down inflation, and to ease rates at this point is clearly going to be inflationary." The Dow Jones Industrial Average (.DJI), opens new tab rose 113.54 points, or 0.25%, to 44,806.30, the S&P 500 (.SPX), opens new tab rose 16.19 points, or 0.26%, to 6,379.67 and the Nasdaq Composite (.IXIC), opens new tab rose 44.40 points, or 0.21%, to 21,102.36. European shares gave back some of the previous session's gains as market participants parsed mixed corporate earnings and awaited developments in the U.S.-EU trade negotiations. MSCI's gauge of stocks across the globe (.MIWD00000PUS), opens new tab fell 1.01 points, or 0.11%, to 940.34. The pan-European STOXX 600 (.STOXX), opens new tab index fell 0.29%, while Europe's broad FTSEurofirst 300 index (.FTEU3), opens new tab fell 5.34 points, or 0.24%. Emerging market stocks (.MSCIEF), opens new tab fell 10.36 points, or 0.82%, to 1,256.93. MSCI's broadest index of Asia-Pacific shares outside Japan (.MIAPJ0000PUS), opens new tab closed lower by 0.95%, to 661.07, while Japan's Nikkei (.N225), opens new tab fell 370.11 points, or 0.88%, to 41,456.23. U.S. Treasury yields drifted higher in a subdued trading as investors braced for a data-heavy week, updates on U.S. trade talks, and a Federal Reserve policy meeting. The yield on benchmark U.S. 10-year notes rose 0.2 basis points to 4.41%, from 4.408% late on Thursday. The 30-year bond yield rose 0.5 basis points to 4.9543% from 4.949% late on Thursday. The 2-year note yield, which typically moves in step with interest rate expectations for the Federal Reserve, fell 0.6 basis points to 3.919%, from 3.925% late on Thursday. The dollar gained strength but remained on course for its biggest drop in a month as investors focused on tariff negotiations and central bank meetings on the calendar for next week. The dollar index , which measures the greenback against a basket of currencies including the yen and the euro, rose 0.28% to 97.72, with the euro down 0.2% at $1.173. Against the Japanese yen , the dollar strengthened 0.4% to 147.57. In cryptocurrencies, bitcoin fell 3.08% to $115,133.22. Ethereum declined 2.63% to $3,641.43. U.S. crude fell 0.56% to $65.63 a barrel and Brent fell to $68.91 per barrel, down 0.39% on the day. Gold prices dropped in opposition to the firming dollar, amid growing optimism surrounding U.S.-EU trade talks. Spot gold fell 0.93% to $3,336.52 an ounce. U.S. gold futures fell 0.85% to $3,342.50 an ounce.