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Monday, October 3, 2011

Y! Alert: Corporate Counsel


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Koch Industries General Counsel Refutes Bloomberg Article Accusations Top
Bloomberg is publishing an expose on Koch Industries, accusing the company of paying illegal bribes and skirting laws banning sales to Iran. The article prompted Mark Holden, general counsel of Koch Industries, to post a lengthy refutation.
 
Can U.S. and International Investors Sue UBS Over 'Rogue Trading'? Top
The news of a "rogue trader" losing $2.3 billion from the vaults of UBS AG translates into exciting headlines, steeped in international intrigue. For institutional investors in the Swiss bank, the stream of negative stories is likely to make them reach out to a lawyer.
 
Bank of America Debit Fee Sparks Big Reactions and Low Stock Price Top
Bank of America's announcement last week that it would begin levying a $5 monthly charge for using its debit cards is generating lots of talk on all sides of the issue, with bank officials, retailers, customers, politicians, and pundits all adding in their two cents.
 
Chief Legal Officers' Compensation Up 15.5 Percent Top
General counsel who are among the highest-paid executives at large Texas companies earned a little more silver to put in their pockets in 2010 than the year before, averaging $1,966,590.
 
Chevron, Yukos, and Two Lifetimes of Oil Company Litigation Top
The former owners of Yukos Oil have promised a "lifetime of litigation" against the Russian state over the seizure of their company. Half a world away, Chevron has warned that a "lifetime of...litigation" will follow if Ecuador does not render what it considers justice in its 18-year war with residents of the Amazon.
 
Microsoft Gives Patent Peace With Samsung a Chance Top
This week, Microsoft announced a cross-licensing agreement with Samsung Electronics Co. that secures royalties for every mobile phone and tablet Samsung sells that runs the Android operating system.
 
State and Federal Laws Control Patent Rights in Employment Agreements Top
Recent litigation has raised the issue of how an inventor's assignment obligation is created and how it is perfected. The issue would appear to be simple, but it has proved to be surprisingly complex.
 
Blackwater Ex-GC Tells All (Fictionally) Top
Andrew Howell, under indictment, writes a novel whose story line and characters seem to track his own life, career, and concerns.
 
Diversity Digest: A Slower Advance Top
Female attorneys haven't progressed as well in recent years as they did in earlier decades. But progress, or lack of it, isn't equal: Have women done better in-house?
 
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.
 
From the Experts: SSL Hacked! Top
The extensive hacking of SSL in 2011 proved that the enterprise can't rely on encrypted communications, but corporate counsel are in a strong position to champion a fix.
 
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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