Lawinfo Weblog

Archives for the Category 'Business Law'

SEC charges Broadcom co-founders in options probe

May 15th, 2008 · No Comments

By GREG RISLING Associated Press Writer
LOS ANGELES (AP) _ Securities regulators on Wednesday charged Broadcom Corp. co-founders Henry T. Nicholas III and Henry Samueli with falsifying the company’s reported income, leading to what is believed to be the largest accounting restatement yet because of backdating stock options.
Samueli stepped down as chairman of the company’s board [...]

[Read more →]

Tags: Business Law · Criminal Law · Federal · General

Defamation in the Workplace:
When Talking Trash Can Get You Dumped

May 14th, 2008 · No Comments

BY: LISA R. WILSON
Let’s face it: coworkers don’t always get along. There have been times in all of our lives when toes get stepped on at work, feelings get hurt or enraged, and we have felt the need to verbally thrash a coworker to another. Talking smack about your office mates is all too [...]

[Read more →]

Tags: Business Law · Labor & Employment Law · Personal Injury

MySpace wins $230 million anti-spam judgment

May 14th, 2008 · No Comments

By ANICK JESDANUN AP Internet Writer
NEW YORK (AP) _ A notorious ”Spam King” and his partner now owe MySpace about $230 million in damages after a federal judge awarded the popular online hangout what is believed to be the largest anti-spam judgment ever.
The judgment is a big victory for MySpace, although service providers often have [...]

[Read more →]

Tags: Business Law · Criminal Law · Federal · General · Internet and Compute Law · Litigation · Personal Injury

Judge: Woman’s rape case against Halliburton can go to trial

May 12th, 2008 · No Comments

HOUSTON (AP) _ A woman who said she was raped by co-workers while employed by a contractor in Iraq can take her claims to trial, a federal judge ruled Friday.
Jamie Leigh Jones filed a federal lawsuit last year, saying she was attacked while working for a Halliburton Co. subsidiary at Camp Hope, Baghdad, in 2005. [...]

[Read more →]

Tags: Business Law · Criminal Law · Federal · General · Labor & Employment Law · Litigation · Personal Injury

Federal judge orders Vick to pay Canadian bank $2.4 million

May 9th, 2008 · No Comments

By MICHAEL FELBERBAUM Associated Press Writer
RICHMOND, Va. (AP) _ A federal judge ordered imprisoned quarterback Michael Vick to repay more than $2.4 million to a Canadian bank for defaulting on a loan. The Royal Bank of Canada sued Vick in September, arguing his guilty plea to a federal dogfighting charge _ and the resulting impact [...]

[Read more →]

Tags: Business Law · Criminal Law · General

Linens ‘n Things files for bankruptcy protection

May 2nd, 2008 · No Comments

By MAE ANDERSON AP Business Writer
NEW YORK (AP) _ Bedding- and home-furnishing retailer Linens ‘n Things on Friday filed for Chapter 11 bankruptcy protection, the latest major retailer to succumb to the difficult consumer environment.
The company’s parent, Linens Holding Co., filed a petition in bankruptcy court in Delaware.
The company named Michael Gries of the restructuring [...]

[Read more →]

Tags: Bankruptcy Law · Business Law · General

Jury deadlocks over alleged fraud

May 1st, 2008 · 1 Comment

ROCK ISLAND, Ill. (AP) _ A federal judge declared a mistrial Wednesday in the case of a former government-contractor employee accused of taking a $1 million kickback in an alleged conspiracy with a Kuwaiti businessman to defraud the U.S. military.
Jurors said they were deadlocked after three days of deliberations and could not reach a unanimous [...]

[Read more →]

Tags: Business Law · Criminal Law · Federal · General

J.K. Rowling Arrives for Lexicon Lawsuit

April 14th, 2008 · No Comments

By LARRY NEUMEISTER Associated Press Writer
NEW YORK (AP) _ A smiling J.K. Rowling stepped out of a car and strode into a lower Manhattan courthouse early Monday for the start of her lawsuit against a publisher.
Rowling, who wore a gray pinstriped jacket and a gray knee-length skirt, didn’t speak as she entered the courthouse where [...]

[Read more →]

Tags: Business Law · Entertainment Law · General · Litigation

5 San Diego Officials Face SEC Charges

April 8th, 2008 · 1 Comment

By ELLIOT SPAGAT AP Business Writer
SAN DIEGO (AP) _ The Securities and Exchange Commission filed a civil complaint Monday against five former San Diego city officials, alleging they committed fraud by concealing a ballooning shortfall in the city pension fund.
The SEC said the officials knew the city was underfunding its pension obligations and failed to [...]

[Read more →]

Tags: Business Law · Criminal Law · Federal · General

Star Rezko Witness Details Drug Binges

April 7th, 2008 · No Comments

By MIKE ROBINSON Associated Press Writer
CHICAGO (AP) _ The government’s star witness at political fundraiser Antoin ”Tony” Rezko’s fraud trial gave an embarrassing, detailed account Monday of how he gorged on powerful drugs in his office, aboard chartered planes and in all-night sessions with male companions in luxury hotels.
Attorney Stuart P. Levine, the political insider [...]

[Read more →]

Tags: Business Law · Criminal Law · Drugs · Federal · General · Litigation