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March 13, 2013
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Legal News in Brief

  Corporate Spotlight 
  • SEC experiments with more specific penalties
    The Securities and Exchange Commission may use more customized punishments when penalizing rule breakers, instead of its typical broad prohibitions. "We want to use all of the tools available to us to specifically discourage repeat misconduct and go beyond the injunctions we traditionally obtain," said George Canellos, the SEC's acting head of enforcement. Reuters (3/12) LinkedInFacebookTwitterEmail this Story
  • Google settles privacy-violation claims for $7M
    Google has agreed to a $7 million settlement with U.S. state officials who were examining the Internet giant's Street View program. As part of the settlement, Google will launch a campaign to inform the public about the importance of securing wireless networks and will improve privacy training for employees. The Washington Post (3/12) LinkedInFacebookTwitterEmail this Story
  National News 
  • Cyberattacks on banks concern intelligence chief
    The growth in cyberattacks on U.S. banks and infrastructure is of increasing concern to federal intelligence agencies. Testifying before the Senate intelligence committee, officials told lawmakers that the U.S. is vulnerable to cyberattacks from governments, hackers and terrorists. "It's hard to overemphasize its significance," said Director of National Intelligence James Clapper. The Wall Street Journal (3/13) LinkedInFacebookTwitterEmail this Story
  Legislative Dispatch 
  Employment Focus 
  • 401(k) lateness can trigger audits
    Employers have a fiduciary duty to make 401(k) deposits on time, and chronic tardiness can cause legal headaches, experts say. They provide information on potential problems and actions that need to be taken by employers. SHRM Online (3/11) LinkedInFacebookTwitterEmail this Story
  Supreme Court and Federal Court Watch 
  • Government wants to take NLRB appointments case to Supreme Court
    The government intends to ask the Supreme Court to take the case concerning a ruling that President Barack Obama's appointments to the National Labor Relations Board were unconstitutional. "There are scads of other cases now working their way through the courts of appeals, and this is a way of putting the matter to rest," according to John Elwood, a former Justice Department official. The ruling may be used in the meantime by companies that want to challenge decisions made by the NLRB, the agency's general counsel said. The Blog of Legal Times (3/12), Bloomberg (3/13) LinkedInFacebookTwitterEmail this Story
  Professional and Business Development 
  • Master the art of the follow-up
    Your follow-up notes to new contacts should reference specific details about your initial conversation and make clear that you want to continue with the relationship, Matthew Toren writes. It's also a good idea to compliment them and invite them to have coffee with you, he writes. (3/6) LinkedInFacebookTwitterEmail this Story
  PLI News 
  • Emerging Trends Based on Recent Enforcement Actions and SEC Statements Regarding Valuation
    For the past year, top officials of the Securities and Exchange Commission have repeatedly identified the valuation of illiquid assets held by registered funds and private equity and hedge funds as one of the regulatory agency's top five areas of enforcement and examination focus. Learn more at the March 14 audio briefing SEC Focus on Asset Valuation: What Fund Managers Should Know. LinkedInFacebookTwitterEmail this Story
  • Apple Tackles Heteronym Translations in Patent Application
    Apple recently filed a patent application that deals with the difficulties associated with proper automatic translation when the word being translated has a different meaning based on the usage context, specifically relating to problems translating Chinese into English. The Apple innovation is an improvement on the statistical translation models previously brought forth. On PLI's Patent Law Practice Center, Gene Quinn discusses this interesting patent application. LinkedInFacebookTwitterEmail this Story
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Humor is an affirmation of dignity, a declaration of man's superiority to all that befalls him."
--Romain Gary,
French diplomat, novelist, film director and aviator

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