News » Page 37

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On February 10, 2014, the Third Circuit Court of Appeals affirmed a lower federal court’s jury verdict of insider trading against Alfred Teo and a trust he controlled.  Alfred Teo Sr., a former shareholder in Musicland Stores Corp…..

SEC Insider Trading Alert: Teo’s Musicland Insider Trading Appeal Unsuccessful

On February 10, 2014, the Third Circuit Court of Appeals affirmed a lower federal court’s jury verdict of insider trading against Alfred Teo and a trust he controlled.  Alfred Teo Sr., a former shareholder in Musicland Stores Corp, a conglomerate company that oversaw numerous music endeavors including Sam Goody music stores and Suncoast Motion Picture Co. video shops, was found guilty of insider trading.  Teo and his trust were ordered to disgorge gains of $17,000,000 and to pay prejudgment interest of an additional $14,000,000.  Teo received and traded on confidential information from insiders of Musicland about an impending all cash tender offer by Best Buy for all the shares of Musicland. The decision in SEC v. Teo is another stark illustration of the painful economic consequences of insider trading. Continue reading ›

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The United States continues to make great strides in whistleblower protection as the world super power recently made demands regarding protection on the world stage.  The United States was prompted into action as a result of United Nations officials taking retaliatory measures against a former United Nations employee who blew the whistle on a $500 million kickback as part of the construction of a power plant and coal mine in Kosovo.

US Steps up for Others in Whistleblower Protection

The United States continues to make great strides in whistleblower protection as the world super power recently made demands regarding protection on the world stage.  The United States was prompted into action as a result of United Nations officials taking retaliatory measures against a former United Nations employee who blew the whistle on a $500 million kickback as part of the construction of a power plant and coal mine in Kosovo. Continue reading ›

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Another day, another whistleblower claim, as increased action continues on qui tam front.  A bus driver named Robert Dukin drove for the Mount Olive school district from 2007 to 2010 but he claims he was let go for reporting unsafe working conditions of his vehicle.  Dukin v. Mount Olive Twp. Bd. of Ed. came about as a result of a number of events…

Bus Driver Whistleblower

Another day, another whistleblower claim, as increased action continues on qui tam front.  A bus driver named Robert Dukin drove for the Mount Olive school district from 2007 to 2010 but he claims he was let go for reporting unsafe working conditions of his vehicle.  Continue reading ›

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The False Claims Act has long stood as the benchmark in legislation to both protect and inform the whistleblower. (For a deeper explanation of the False Claims Act, see the previous post regarding it)  Since the expansion of the law through recent…

2013 Proves Great for Whistleblowers

The False Claims Act has long stood as the benchmark in legislation to both protect and inform the whistleblower. Continue reading ›

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Google is back in the news with another large sale M&A transaction, but this time, as the seller. In May of 2012, Google purchased Motorola for $12.5 billion in an effort to create a new means of producing hardware to operate the Android operating system.  Well this week, it seems Google is giving up, but wishing all the best to Lenova, a strong PC business growing in the smartphone market.  Google is selling its Motorola Mobility smartphone unit to Lenovo for $2.9 billion.  Continue reading ›

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You have probably heard of class actions…but class arbitrations?

Class Arbitration Confusion

You have probably heard of class actions…but class arbitrations?
Class arbitration and its suitability as a vehicle for litigation is in flux as courts nationwide struggle to find common ground in the law.
A 2009 New Jersey matter involving a number of plaintiffs who had accused Fidelity National Financial Inc. and at least six other title insurers of charging exorbitant closing fees highlights this issue.  Continue reading ›

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Many large corporations continue to flex their financial strength even in the modern economy, serving as an example to many smaller businesses that 2014 is the perfect time to expand.  Recently, mega giant Google bought smart home device designing…

A Market of Acquisitions and Mergers

Many large corporations continue to flex their financial strength even in the modern economy, serving as an example to many smaller businesses that 2014 is the perfect time to expand.  Continue reading ›

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When dealing with legal matters, company records and data pertaining to litigation is of vital importance in the resolution of the matter at hand.  When a company becomes aware that it is involved in, or may become involved in, litigation, a litigation hold should…
Litigation Holds
When dealing with legal matters, company records and data pertaining to litigation is of vital importance in the resolution of the matter at hand.  When a company becomes aware that it is involved in, or may become involved in, litigation, a litigation hold should be entered.  A litigation hold (sometimes referred to as a preservation order or a hold order) prevents the destruction, alteration, or hiding of any and all data or information that may become a part of the discovery process at a later time in the litigation. Continue reading ›

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by Edward Kang

A vital thing people need to know and understand when dealing with the court system is all the laws and options in operation on a daily basis.  One such law is the “Law of the Case” doctrine.  When a judge determines the outcome of a question in a lawsuit… Continue reading ›

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by Jacklyn Fetbroyt

The “sequester” of 2013 has been a hot button topic in economic and political circles alike as the country braced for and is still in the process of coping with large scale federal spending cuts. Opposing sides of the political spectrum fought back and forth for months over various provisions of the Budget Control Act of 2011. Continue reading ›

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