Samsung Seeks U.S. Veto of Import Ban Just Like Apple Got
Samsung Electronics Co. (005930) wants the same favor from President Barack Obama that he gave U.S.-based Apple Inc. (AAPL) — the right to keep importing smartphones and tablets found to infringe the other’s patents.
Unless the White House overturns an import ban against Samsung for infringing two Apple patents, the world’s biggest maker of smartphones will see certain older models locked out of the U.S. at midnight Oct. 8 Washington time.
Kissel Appeals Her Second Conviction for Husband’s Murder
Nancy Kissel, serving a life sentence in Hong Kong for the 2003 murder of her Merrill Lynch & Co. banker husband, sought to appeal her second unanimous conviction by a jury for the crime.
The jurors’ finding of unprovoked murder was unsafe because the prosecution had improperly directed them to ignore unanimous and unrebutted evidence that the mother-of-three was suffering from depression, her lawyer Edward Fitzgerald told Hong Kong’s Court of Appeal today.
Mortgage Firm Data Key to Wall Street Probe, U.S. Says
E-mail and other data held by Wall Street’s largest due diligence firm may determine how many cases the government brings against banks and other entities for actions leading to the financial crisis, a U.S. prosecutor said.
Assistant U.S. Attorney Edward Newman, in a hearing yesterday in federal court in Hartford, Connecticut, urged a judge to compel Clayton Holdings LLC to turn over due diligence reviews, as well as all communications between its employees and clients for whom it performed the reviews from 2005 to 2007 as part of the Justice Department’s probe into residential mortgage backed securities.
Alex Rodriguez Sues MLB Over ‘Witch Hunt’
Alex Rodriguez, the New York Yankees’ third baseman, sued Major League Baseball and Commissioner Bud Selig, accusing them of attempting to destroy his reputation and career in their crackdown on performance-enhancing substances.
Rodriguez, 38, filed a complaint yesterday in New York State Supreme Court in Manhattan, accusing Selig and MLB of singling him out for an “unprecedented” 211-game suspension, the “longest non-permanent ban in baseball history.”
Kasowitz Opens Entertainment Practice: Business of Law
Two NBCUniversal Media LLC lawyers joined Kasowitz, Benson, Torres & Friedman LLP to open an entertainment litigation practice in the Los Angeles office.
Former NBCUniversal attorneys John Berlinski, who was senior vice president and head of West Coast television litigation, and Mansi Shah, who was senior litigation counsel, joined the firm as partners.
Reed Smith Partner Named PNC Top Lawyer: Business of Law
PNC Financial Services Group, Inc. (PNC) appointed Gregory B. Jordan general counsel and head of regulatory and government affairs.
Jordan, currently the global managing partner and chairman of the senior management team and executive committee of Reed Smith LLP, will also join the executive committee of Pittsburgh-based PNC. He replaces Bob Hoyt, who left PNC last month to become group general counsel at Barclays Plc (BARC), the U.K.’s second-largest bank by assets. Jordan will join PNC Oct. 15.
Yahoo Sued Over E-Mail Scanning for Targeted Advertising
Yahoo! Inc. (YHOO) was sued over claims that its scanning of e-mail messages for targeted advertising invades users’ privacy in violation of state and federal wiretap laws.
The lawsuit, filed yesterday in federal court in San Jose, California, was brought on behalf of residents of San Bruno, California, and seeks class-action status. The case was filed one week after U.S. District Judge Lucy H. Koh in San Jose issued an order refusing to dismiss a similar suit against Google Inc. (GOOG)
Tyco’s Former Finance Chief Mark Swartz Granted Parole
Former Tyco International Chief Financial Officer Mark Swartz was granted parole and should be released in January, according to the New York State Department of Corrections and Community Supervision.
Swartz, 53, appeared before the state’s Board of Parole via teleconference from the Lincoln Correctional Facility on West 110th Street Oct. 2 and was granted approval, Linda Foglia, a spokeswoman for the department, said in an e-mail. He is tentatively expected to be released Jan. 17, Foglia said.
FBI Snags Silk Road Boss With Own Methods
From an Internet café in San Francisco, a 29-year-old free-market evangelist who called himself “Dread Pirate Roberts” allegedly used untraceable web services, an international network of servers and anonymous digital currency to run a global online exchange of cocaine and heroin.
For two years, cybercrime experts from the FBI pored over the secretive online drug bazaar, known as Silk Road — an operation that prosecutors say had become, by the time they shut it down this week, the venue for as much as $1 billion worth of illegal transactions.
Wi-Fi Patent Owner Gets Ruling Setting Patent Royalties
A federal judge set 9.56 cents per chip as the value of contested patents used in wireless computer network technology in a case by patent-holder Innovatio IP Ventures LLC against electronic device makers Cisco Systems Inc. (CSCO), Netgear Inc. (NTGR)and Motorola Solutions Inc. (MSI)
Swiss Regulator Probes Banks Over Currency Manipulation
Switzerland’s financial markets regulator said it’s investigating “several” firms over the possible manipulation of the $5.3 trillion-a-day foreign exchange market.
The Swiss Financial Market Supervisory Authority “is coordinating closely with authorities in other countries as multiple banks around the world are potentially implicated,” the regulator said in a statement today. Domestic firms are among those being investigated, Finma said.
Farney Daniels, Time Warner: Intellectual Property
A cease-and-desist letter by Nebraska’s attorney general to a law firm representing a patent owner isn’t enforceable, a federal judge in Omaha ruled.
In a July 18 letter to Georgetown, Texas-based Farney Daniels LLP, the state’s Attorney General Jon Bruning said the firm is making infringement assertions that “are unsubstantiated and contain false, misleading or deceptive statements.”
Virginia Democrats Sue Over State Voter Roll Purge
Virginia’s Democratic Party sued the state alleging that a plan to purge about 57,000 voters from registration lists threatens the constitutional right to vote just weeks before the Nov. 5 election.
The lawsuit, which names Republican Governor Robert McDonnell and Attorney GeneralKen Cuccinelli as defendants, seeks a court order barring the state’s election board and county and city registrars from purging voters before the November election. Cuccinelli, a Republican, is running to replace McDonnell, who by law can’t stand for re-election.
Mark Cuban to Defend Himself on Stand in SEC Insider Case
Mark Cuban, the billionaire owner of a professional basketball team, TV network and art-house movie theater chain, is the next witness in the U.S. Securities and Exchange Commission’s insider-trading case against him.
Cuban, 55, is scheduled to take the stand today in federal court in Dallas, where he’s accused of selling $7.9 million worth of his shares in a Canadian Internet search company after learning confidential information about a private placement plan that would dilute the value of his holdings.
EU Won’t Prejudge Possible Issues With Telefonica-KPN Deal
The European Union said it won’t make any determinations on Telefonica SA (TEF)’s acquisition of Royal KPN NV’s E-Plus unit before the deal has been formally notified.
“The O2/E-Plus deal has not yet been notified to the European Commission for review,” Antoine Colombani, a spokesman for EU Competition Commissioner Joaquin Almunia, said in an e-mailed statement today. “We have no concerns at this stage because we have not yet investigated.”
Beanie Baby Creator Pleads Guilty to Swiss Bank Tax Dodge
H. Ty Warner, the creator of Beanie Babies plush toys, pleaded guilty to failing to pay taxes on money he hid from the U.S. in a Swiss bank account.
Warner, who was charged with a single count of tax evasion last month, entered his plea today before U.S. District Judge Charles P. Kocoras in Chicago.
Bank Credit-Card Fees Face New Scrutiny by U.S. Consumer Bureau
Credit-card issuers may face new limits on fees and greater disclosure requirements as the U.S. Consumer Financial Protection Bureau pledges more scrutiny after a 2009 law that revamped regulation of the business.
“The CARD Act brought better consumer protections and fairness to the marketplace, but we found there is more work to be done,” CFPB Director Richard Cordray said in remarks prepared for a hearing the agency is holding in Chicago today.
Vietnam Dissident Lawyer Sentenced to 30 Months in Jail
Vietnamese lawyer Le Quoc Quan, a blogger critical of the Communist government, was sentenced to 30 months in jail for tax evasion during a one-day trial at the People’s Court in Hanoi today.
Quan, who could have been sentenced to as long as seven years in prison, plans to appeal, his lawyer, Tran Thu Nam, said in a phone interview after the verdict. The trial was originally scheduled to be held in July, about two weeks before Vietnamese President Truong Tan Sang met with President Barack Obama in Washington to discuss trade and human rights.
Morgan Lewis Elects McKeon Chairwoman: Business of Law
Jami Wintz McKeon was elected chairwoman of Morgan Lewis & Bockius LLP, the first woman to hold the position at the firm.
She succeeds Francis M. Milone, who led Morgan Lewis for 14 years. McKeon, the firm’s litigation practice group leader, begins her five-year term next October, after a year of transition.
Wells Fargo Said to Face Action Over Accord Compliance
Wells Fargo & Co. (WFC) will face an enforcement action today by New York state over the bank’s alleged failure to uphold terms of a $25 billion mortgage-servicing settlement, a person familiar with the matter said.
The action, in the form of a motion to compel compliance with the 2012 accord, is to be filed by New York Attorney General Eric Schneiderman in federal court in Washington, said the person, who asked not to be identified because the matter isn’t public.