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July 02, 2007 | Corporate Counsel

Plaintiffs' Expert: Coke Cost Investors $1.3 Billion

Coca-Cola Co. shareholders sustained damages exceeding $1.3 billion after the international soft drink conglomerate improperly inflated revenues to boost stock prices artificially, a financial expert retained by suing shareholders has concluded. The report surfaced in a securities fraud suit against Coca-Cola by a labor union pension fund, which claims that Coke executives led efforts to mask faltering revenues by pressuring bottlers to purchase $600 million worth of excess soft drink concentrate.
10 minute read
March 19, 2013 | Corporate Counsel

Supreme Court Strengthens First-Sale Doctrine in 6-3 Vote

Libraries, museums, retailers and others who buy copyrighted goods made abroad can resell them without violating federal copyright law, the U.S. Supreme Court ruled on Tuesday.
4 minute read
February 14, 2013 | Corporate Counsel

Porsche's In-House Lawyers Work in High Gear

Joseph S. Folz, general counsel and corporate secretary of Porsche Cars North America, Porsche Cars Canada, and Porsche Logistics Services, is also a longtime Porsche owner and enthusiast.
12 minute read
January 29, 2007 | Corporate Counsel

Health Care Executives Dissolve Organization Amid Investigation

A national organization of health care executives has agreed to disband amid an investigation by Connecticut authorities into whether it illegally gave preferential treatment to vendors who joined the group. Connecticut's attorney general announced an antitrust settlement Thursday with Healthcare Research and Development Institute, which is based in Florida. Under the deal reached with both the Connecticut and Florida attorney generals' offices, HRDI also agreed to pay Connecticut $150,000.
4 minute read
August 25, 2006 | Corporate Counsel

Fannie Mae Won't Be Prosecuted Over Accounting Problems

Fannie Mae won't face criminal charges over its multibillion-dollar accounting irregularities, the U.S. Attorney's Office said Thursday after two years of investigation. In May, the company agreed to settlements with the SEC and the Office of Federal Housing Enterprise Oversight over accounting problems and what regulators said was earnings manipulation by the company. Earlier this month, Fannie Mae said it hoped to complete a multibillion-dollar restatement of its 2004 earnings by the end of this year.
2 minute read
October 28, 2009 | Corporate Counsel

Pitfalls of Cross-Border Investigations

Cross-border investigations tend to multiply the complex investigatory pitfalls a company faces. These include data privacy laws, attorney-client privilege, conflicting information technology platforms, and document retention policies and practices that fall short of U.S. standards.
14 minute read
February 01, 2011 | Corporate Counsel

Reverse Commute

2 minute read
January 12, 2010 | Corporate Counsel

One Heckuva Task: AIG Reportedly Picks Old Lehman Brothers Hand as New GC

We have a name! The Wall Street Journal reports that the bailed-out insurer has asked Thomas Russo, the former top in-house lawyer at Lehman Brothers, to be its next general counsel.
2 minute read
October 15, 2013 | New Jersey Law Journal

ACC Study Sees Compliance Moving Out of the GC's Office

The number of companies that are separating the chief compliance officer from the general counsel's office is rising slightly, according to a new study co-sponsored by the Association of Corporate Counsel.
4 minute read
January 28, 2010 | Corporate Counsel

Small Company Wins Reinstatement of Its Patent, a Rare Occurrence

Wilmer Cutler Pickering Hale and Dorr recently helped a tiny company win a case against the U.S. Patent and Trademark Office and get its patent reinstated after a seven-year lapse.
3 minute read

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