0 results for 'Morrison Foerster'
Former Brocade CEO Found Guilty on All Counts
In a decision that astounded his defense team and a courtroom full of observers, Gregory Reyes, the former CEO of Brocade Communications, was convicted Tuesday on 10 felony counts relating to the backdating of stock options. Reyes, whom prosecutors said faces up to 20 years in prison, was the first of a string of executives to be indicted on charges of misdating stock options. Reyes' indictment accused him of altering dates, and not of profiting directly from the scheme.IRS Tweaks Rules for Patent Donations
Companies are set to lose millions of dollars in tax write-offs from donating their patents to universities and nonprofit groups. Last month, the Internal Revenue Service announced that it plans to disallow certain "improper deductions" for charitable contributions of patents and other intellectual property. The agency also said it might impose penalties on appraisers who set too high a value on donated patents.Huge IPO Case Hits Big Snag at 2nd Circuit
The 2nd Circuit on Tuesday vacated class certification in six key cases in the litigation over dot-com era initial public offerings -- a potentially devastating setback for plaintiffs in the biggest consolidated securities class action in U.S. history. The decision leaves in doubt whether plaintiffs will ever certify a class against IPO underwriters in the more than 300 cases that make up In Re IPO Securities Litigation. It may also help to unravel a pending $1 billion settlement agreement.MPAA GC Is Ready for His Close-Up
Since 1922, when movies were silent and television was a laboratory experiment, the Motion Picture Association of America has advocated the interests of Hollywood studios. GC Gregory P. Goeckner says these days, much of his work involves intellectual property litigation that results from changes in technology. "We've been involved in a great deal of precedent-setting litigation," he says.Calif. High Court Ruling Renders Prop 64 Retroactive
Hundreds, if not thousands, of California unfair practice cases may have been thrown into limbo Monday when the state Supreme Court ruled that Prop 64, the controversial ballot measure that limits private attorney general suits, applies to cases "pending" on the date it passed -- sort of a limited form of retroactivity. Disappointed plaintiffs lawyers were mollified by the court's companion decision that many of those pending cases could be kept alive by substituting in new plaintiffs with actual injuries.Trending Stories
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