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January 8, 2013
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Legal News in Brief

  Corporate Spotlight 
  • Google must make patent-use offers as part of settlement with FTC
    Google must offer its competitors "fair and reasonable" terms for use of its patents as part of a settlement with the Federal Trade Commission. The settlement "establishes clear rules of the road for standards essential patents going forward," according to a statement from Google. The patent-licensing requirement, however, might not end lawsuits among Google and its rivals or prevent further FTC action, patent lawyers said. Bloomberg (1/7) LinkedInFacebookTwitterEmail this Story
  National News 
  Legislative Dispatch 
  Employment Focus 
  • Ill. unions threaten lawsuit over proposed pension changes
    Illinois lawmakers have revealed a proposal to address a $96 billion pension shortfall by increasing costs for workers, raising the retirement age and placing a cap on pensionable salaries. Unions representing public workers said they will sue if the plan is approved. Reuters (1/6) LinkedInFacebookTwitterEmail this Story
  Supreme Court and Federal Court Watch 
  • Retroactive tariff law on some Chinese goods is upheld
    A law that provides for retroactive tariffs on certain goods imported from China can stand, a federal trade judge has ruled, despite one importer's claim that the tariffs run afoul of the Constitution. "The challenged law is rationally related to legitimate government interests," Judge Jane Restani wrote. The Wall Street Journal (1/7) LinkedInFacebookTwitterEmail this Story
  Other Legal News 
  • Lawyers face job cuts amid pressure to generate business
    Some law firms are parting ways with partners who don't manage to generate enough business, lawyers say. "There are only so many hours a law firm is producing, and if you have too many people for the work, those additional individuals are siphoning off profits," said Jeff Grossman, who is with Wells Fargo's Legal Specialty Group. The Wall Street Journal (1/6) LinkedInFacebookTwitterEmail this Story
  Professional and Business Development 
  • Mistakes that bug job interviewers
    It's often simple mistakes that lose you the job, such as having a resume that's more than one page, Angela Quinn writes. Also, don't be too effusive with your praise for the employer. "Come on, I know my company isn't 'the most amazing organization in the entire world,' " she writes. (1/4) LinkedInFacebookTwitterEmail this Story
  PLI News 
  • How To Hear What Is Sometimes Not Being Said
    Knowing how to read a public company's financial statements can help you read between the numbers to extrapolate relevant information, spot red flags, gauge the financial health of a company, and better communicate with business and financial professionals. Learn more at the Jan. 30 audio briefing Reading Public Company Financials -- What You Need to Know. LinkedInFacebookTwitterEmail this Story
  • What You Need To Know About Iran-Related Reporting
    Last year, President Barack Obama signed into law the Iran Threat Reduction and Syria Human Rights Act. Among other things, the Act added a new Section 13(r) to the Exchange Act which requires certain issuers to disclose whether the issuer or its affiliates have knowingly engaged in certain, principally Iran-related, activities. On PLI's Securities Law Practice Center, experts from Sullivan & Cromwell explain what you need to know about these rules that become effective in February 2013. LinkedInFacebookTwitterEmail this Story
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It is wise to keep in mind that neither success nor failure is ever final."
--Roger Babson,
American entrepreneur and business theorist

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