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SEC's New Role: Grammar Police
Plain English is in and legalese is out at the SEC, where Chairman Christopher Cox has been emphasizing that disclosure documents must be understandable to the average investor, as outlined in a Feb. 8 proposed rule. Serious consequences await corporations whose filings don't meet the readability test. A SEC spokesperson says such documents will draw a comment letter from agency staff and won't be approved until reviewers' concerns are satisfied. The SEC Web site now includes a "Plain English Handbook."Judge Devises New System For Valuing Professional Licenses
Concerned about trying to place a value on a medical license at the outset of a doctor's career, an acting New York State Supreme Court justice fashioned a new approach to value professional licenses in divorce cases. Justice Marylin G. Diamond wrote, the "courts must resort to an award based on reality," which means a calculation in each of the next 15 years based on a sliding percentage of the doctor's income.PTO announces ombudsman pilot program
The U.S. Patent and Trademark Office is giving the intellectual property bar another valentine with a new "Patents Ombudsman Pilot Program" that offers patent applicants and attorneys a channel for inquiring about stalled patents.View more book results for the query "*"
Ciavarella Tells Court He's Broke
Former Luzerne County Judge Mark A. Ciavarella has filed an application asking the court to declare him indigent.Shrinkage at Day Casebeer shows IP litigators no longer immune to recession
Even a tiny law firm whose bread is buttered by relatively recession-proof patent litigation has had to lay off lawyers. As of last summer, Day Casebeer, the Silicon Valley firm of high-end IP boutique fame and Qualcomm discovery fiasco infamy, was 38 lawyers strong. Today, the firm has 27 lawyers. So what's the deal with cutting lawyers when most every layoff has been blamed on a slowdown in corporate work? The guy who makes the sun rise at the firm explained that there were two causes for the cuts.Judge refuses to dismiss teacher's sodomy charges
Cobb County Chief Judge Ken O. Nix has denied a motion to dismiss sodomy charges against former Harrison High School orchestra teacher Steven Parkman for having sex with one of his students.Even though Parkman's relationship was with a girl old enough to consent, prosecutors pursued sodomy charges based on the acts having occurred in public places.Trending Stories
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