SEC: Commission Charges Short Sellers and Corporate Insiders in Massive Scheme to Conceal the Short Sellers’ Control Over Ramp Corporation and Xybernaut Corporation. On October 19, 2007, the Commission filed a civil action in the U.S. District Court for the Eastern District of New York against: two short sellers, Zev Saltsman and Menachem Eitan; [...]
When I first spotted this Warcraft Contract a few months ago, I was wondering why they were localizing World of Warcraft for the China market. Can people in China really afford to spend their money playing World of Warcraft? If you’ve never heard of World of Warcraft, South Park has this hilarious take [...]
Wall Street Journal Law Blog: Hunton & Williams In Flap With Former Partners . Is Hunton & Williams doing right by its former partners? According to a lawsuit filed earlier this month and conversations with former partners, the answer might be no.
The WSJ reports on a lawsuit between Hunton & Williams and [...]
San Jose Mercury: Tech Execs Sue Over Tax Shelter. Five Silicon Valley executives — including four with ties to Cisco Systems — are suing Ernst & Young, claiming the Big 4 accounting firm peddled them a tax shelter that left them owing millions of dollars in taxes, penalties and damages. The five men invested [...]
Food Production Daily: Argentina Nabs Bazooka Joe. An Argentine gum manufacturer has been granted the right to continue making Bazooka gum, despite an acrimonious end to its business relationship with the Topps company who own the iconic US brand.
The article above adds, “Topps contended that Stani held only the rights to the brand [...]
The Morning Call: Agere Sues Sony, Claims Patents Infringed. Agere Systems is accusing Sony Corp. of illegally using eight of its patents in a variety of products, including PlayStation, the popular gaming console.
I’ve posted Agere Systems Inc. (AGR) contracts, including the patent and license agreement between it and Lucent when it was spunoff.
New York Times: F.B.I. Calls Ex-Comverse Chief a Fugitive, and Casts a Wide Net. The hunt for Jacob Alexander, known as Kobi, was stepped up yesterday after the Federal Bureau of Investigation declared him a fugitive and said agents were seeking his arrest.
Earlier this month, the Department of Justice announced that three former executives [...]
BusinessWeek: SAVVIS Places CEO on Unpaid Leave. Savvis Inc. placed its chief executive on an unpaid leave of absence Monday while it investigates the nonpayment of charges incurred on a corporate credit card at a Manhatttan topless club.
Visit the Smoking Gun if you’re interested in reading the Complaint between American Express and SAVVIS.
I’ve just added [...]
New York Times: SEC Wants Day in Court With Scrushy. Last week, Richard M. Scrushy, the former chief executive of HealthSouth, walked out of a federal courthouse in Birmingham with an acquittal, but his business in the building is not done yet. Mr. Scrushy still faces civil lawsuits, including a securities fraud suit filed by [...]
San Francisco Chronicle/New York Times: Tyco’s Kozlowski Guilty of Fraud. Dennis Kozlowski, the former chairman and chief executive of Tyco International, and his top lieutenant were convicted Friday on fraud, conspiracy and grand larceny charges, bringing an end to a three-year-long case that came to symbolize an era of corporate greed and scandal.
I don’t [...]
