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Thursday, October 13, 2011

Y! Alert: Corporate Counsel


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The latest from Corporate Counsel


The End of an Era for Stock Option Backdating Scandals Top
Former Juniper Networks GC Lisa Berry's settlement with the SEC this week may have symbolized the end of an era. But the vigor with which the agency pursued corporate executives for fraud has left a lasting impression on lawyers.
 
Goldman Sachs and Morgan Stanley React to Volcker Rule Top
Major bank holding companies might consider changing their status in order to avoid the costs and other burdens of the proposed Volcker Rule.
 
Banned in the U.S.A. Top
A provision of the Social Security Act allows government regulators to be aggressive with regard to its exclusion powers, up to and including banning individual CEOs from doing business with the likes of Medicare, Medicaid, and the U.S. Department of Veterans Affairs.
 
Home Depot Fills Prized In-house Counsel Job with Roseborough Top
Former MetLife Deputy General Counsel Teresa Wynn Roseborough will start work at the do-it-yourself retailer's corporate office in Atlanta on Nov. 7.
 
FHFA Bank Suits Moved to Southern District Federal Court Top
The four state court suits filed by the Federal Housing Finance Agency against Ally Financial Inc., Countrywide Financial Corp., Morgan Stanley, and General Electric Co. have now been removed to the Southern District of New York.
 
Patent Reform's Reduced 'Best Mode' Requirement Creates Uncertainty Top
The America Invents Act guts a longstanding principle of U.S. patent law: the requirement to disclose the "best mode" of practice for an invention. Lawyers say the change may create problems for clients and adds uncertainty to patent applications.
 
Looking for Legal Work? Become a Patent Lawyer Top
As national employment trends continue to be bad news for the jobless and underemployed, the legal profession is also posting declining employment numbers. With one big exception, that is: the current boom in jobs for patent attorneys.
 
Teaching Market Basics to Occupy Wall Street Protesters Top
On the streets of Lower Manhattan, the protesters at Occupy Wall Street get an on-the-spot lesson from educator Amy Whitaker about the history of U.S. finance and how the market works.
 
Going In-House at Apple with Steve Jobs' Former GC Top
Former Apple general counsel Daniel Cooperman talks about working as Steve Jobs' top lawyer at Apple, where in-house legal issues were key to the corporate culture that the former CEO so painstakingly tended.
 
Google Your Company's Code of Conduct Top
The information that consumers share with companies such as Google and Facebook pales in comparison to information that companies have about their employees and customers. What are employers doing to protect this data?
 
From the Experts: Secret Agents Causing FCPA Violations Top
If your company has ever obtained official documents in Nigeria, 'touts' have likely paid cash to government officials on your behalf. And with or without your knowledge, touts may have caused your company to violate the Foreign Corrupt Practices Act.
 
Moves: They Might be Giants Top
New Save the Redwoods general counsel goes from small-firm lawyer to in-house counsel at a nonprofit that has been protecting redwood trees from deforestation and development since 1918.
 
Congressional Supercommittee Picks Michael Bloomquist for GC Role Top
The so-called Congressional "supercommittee" is beginning its work on drafting plans for reducing the U.S. debt, and one of the first pieces of business was naming Michael Bloomquist as its general counsel.
 
Moves: Nicholas Eldred Goes from BBC GC to Christie's Counsel Top
Stepping from the telly to the auction block, Nicholas Eldred is departing his general counsel post at the British Broadcasting Corporation to become group general counsel at Christie's, the international auctioneer.
 
Wal-Mart Associate GC Joseph West Moving on to Lead MCCA Top
Joseph West, associate general counsel for Wal-Mart Stores, Inc., is leaving his post to become president and CEO of the Minority Corporate Counsel Association, effective September 12.
 
Q&A: Incoming Recording Industry Chief Sherman Targets Piracy Top
In September, the Recording Industry Association of America gets a new leader, Cary Sherman, who has been the group's president for the past 10 years after serving a previous stint as its general counsel.
 
Best Legal Department 2011 Video: Wellpoint Top
CorpCounsel.com reporter Shannon Green talks to general counsel John Cannon from Best Legal Department 2011 Finalist Wellpoint.
 

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