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Georgia House & Senate committees meet to consider restrictive covenants in the commercial arena

  • Seyfarth Shaw LLP
  • -
  • USA
  • -
  • September 24 2008

This morning (September 24, 2008), Rep. Kevin Levitas and Sen. Judson Hill from the Georgia Legislature convened the first meeting of a legislative study committee reviewing the law of Georgia with respect to restrictive covenants in employment and business relationships

New Ninth Circuit case acknowledges trade secrets exception to Business and Professions Code Section 16600

  • Seyfarth Shaw LLP
  • -
  • USA
  • -
  • October 1 2008

A new Ninth Circuit case, Asset Marketing Systems, Inc. v. Gagnon, 2008 WL 4138181 (Sept. 9, 2008), acknowledges (at least in dicta) that there is a trade secrets exception to Business and Professions Code Section 16600

Government pressure on company not to pay legal fees for individual defendants violated their Sixth Amendment rights; dismissal of indictment affirmed

  • Day Pitney LLP
  • -
  • USA
  • -
  • October 10 2008

On August 28, 2008, the Second Circuit Court of Appeals affirmed the dismissal of all criminal charges against 13 former partners and employees of the accounting firm KPMG on the grounds that their Sixth Amendment right to counsel had been violated when KPMG was pressured by Justice Department policies and prosecutors into limiting and then terminating its payment of the defendants’ legal fees

California jury awards $4.5m for trade secret misappropriation

  • Fenwick & West LLP
  • -
  • USA
  • -
  • October 7 2008

In a case involving stolen trade secrets between competitors, a California jury awarded Contessa Premium Foods Inc. $2.8 million in compensatory damages and $1.7 in punitive damages against Chicken of the Sea Frozen Foods and several affiliated companies

Blog to executive: it’s hip to be square

  • Locke Lord LLP
  • -
  • USA
  • -
  • October 16 2008

With advances in technology, the increased reach of the electronic soapbox has made it possible to be heard worldwide literally with the click of a button

Minnesota Supreme Court watch

  • Briggs and Morgan
  • -
  • USA
  • -
  • November 13 2008

Appellant, an association of landowners, challenged county's decision to grant a conditional use permit (CUP) to expand a resort and offer some of the resort's cabins for sale, renting the remaining cabins to seasonal customers

Judge Karas: Mark Papermaster will inevitably disclose IBM trade secrets in working for Apple

  • Seyfarth Shaw LLP
  • -
  • USA
  • -
  • November 25 2008

On November 21, 2008, Judge Kenneth Karas of the Southern District of New York published his November 7, 2008 Amended Opinion and Order granting IBM's Motion for Preliminary Injunction against former IBM executive Mark Papermaster

SEC shortens Rule 144 holding periods & drops US GAAP reconciliation for IFRS

  • White & Case LLP
  • -
  • USA
  • -
  • November 21 2007

The Securities and Exchange Commission (the "SEC") voted on November 15, 2007: (1) to shorten the holding periods for restricted securities under Rule 144 of the Securities Act of 1933 (the "Securities Act"); (2) to drop the US GAAP reconciliation requirement for foreign private issuers who prepare their financial statements in accordance with International Financial Reporting Standards ("IFRS"); (3) to provide scaled disclosure requirements for smaller reporting companies and (4) to exempt from registration certain issuances of stock options under compensatory employee stock option plans

Delaware Chancery Court orders disclosure of Special Committee’s privileged communications in stockholder derivative suit

  • Schulte Roth & Zabel LLP
  • -
  • USA
  • -
  • December 12 2007

On Nov. 30, the Delaware Court of Chancery held that the plaintiffs in a shareholder derivative action were entitled to receive in discovery information relating to a Special Committee’s report of the findings of an internal investigation made to the company’s full Board of Directors, as well as communications between the Special Committee and its counsel

2007 State law updates for retailers - selected highlights

  • Gardere Wynne Sewell LLP
  • -
  • USA
  • -
  • January 16 2008

National and regional retailers must be aware not only of laws enacted by Congress, but of new legislation enacted in a number of states that affects a wide range of important topics, some obvious, some obscure