Aereo says people have a legal right to rabbit ears and DVRs, countersues the big TV networks

Aereo, the New York startup that is building a new system for streaming and recoding live TV, is countersuing the big TV networks that filed a lawsuit against it at the beginning of this month. The company, which is backed by local investors like First Round Capital and Barry Diller’s IAC, says that the courts have already ruled in favor of their technology, just not in this innovative new form.

Bankrupt Bitcoin exchange Tradehill suing red hot payment startup Dwolla for $2M

One of the reasons that small startup are loathe to announce big funding rounds is that plaintifs and patent trolls always come out of the woodwork. Payment startup Dwolla, which recently closed a $5 million round of funding led by Union Square Ventures, is now defending itself against a $2 million lawsuit from defunct Bitcoin exchange Tradehill, as first reported yesterday by Betabeat.

LCD display makers to pay $553M in price-fixing conspiracy case

Seven major LCD display makers have agreed to pay more than $553 million for illegally conspiring to fix prices of thin film transistor (LFT) LCD panels used in television, computer and laptop screens. Samsung Electronics, Sharp and Chimei Innolux are paying the largest portion of the proposed multi-state antitrust settlement, which still requires court approval.

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Exempt vs non-exempt: How to avoid a Groupon-style class action lawsuit

Daily deals company Groupon is in the bad-news spotlight again, this time due to a class-action lawsuit filed last month on behalf of its current and former employees. The lawsuit alleges Groupon failed to pay its account executives overtime, and later paid overtime at an incorrect and illegally low rate. The suit seeks substantial back wages, liquidated damages and attorney’s fees.