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- SEC ramps up oversight of exchanges
The Securities and Exchange Commission is responding to technological advancements and other changes in trading by expanding its examinations of how new products are developed by exchanges. The move comes amid concerns that some order types give high-frequency traders an unfair advantage. The Wall Street Journal
(11/19)     
- EBay recruiting agreement prompts DOJ lawsuit
The Department of Justice filed a lawsuit alleging that eBay and Intuit broke the law when they formed an agreement to limit how they could recruit each other's employees. EBay says it will "vigorously defend" itself in the case, which alleges that the agreement limited workers' ability to secure the best employment benefits and opportunities. The Wall Street Journal
(11/16)
| National News | | |
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- Obama confers with Dimon and Buffett about "fiscal cliff"
President Barack Obama consulted over the weekend with corporate leaders, including investor Warren Buffett and JPMorgan Chase CEO Jamie Dimon, about avoiding the U.S. "fiscal cliff." Both business leaders support the president's call to increase tax rates for the wealthy, but Dimon was critical about waiting so long to start talks about the fiscal cliff. Reuters
(11/19)
| Legislative Dispatch | | |
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- Legislators say fiscal deal is just a matter of time
Lawmakers say they're optimistic that their negotiations will yield a workable solution to the "fiscal cliff," but neither side has yet shown willingness to give ground on tax and entitlement reform. Republicans in particular have little incentive to strike a quick compromise deal, David Frum writes. "The president will never again be stronger than he is this month. The later into his presidency this deal is done, the better deal Republicans will get," he writes. The Daily Beast/Newsweek
(11/18), CNN/Political Ticker blog
(11/18)
| Employment Focus | | |
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- Wal-Mart attempts to stop holiday protests
Wal-Mart Stores has filed a complaint with the National Labor Relations Board in an effort to prevent worker protests at store locations on Black Friday. Workers involved with the protests are part of OUR Walmart, which was launched in 2010 with support from the United Food and Commercial Workers International Union. Wal-Mart's complaint is directed at UFCW, but OUR Walmart maintains that it isn't a subsidiary of that organization any longer. The Wall Street Journal
(11/19), The Wall Street Journal
(11/16)
| Supreme Court and Federal Court Watch | | |
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- Judge dismisses Greenberg's AIG suit against N.Y. Fed
A U.S. district judge in New York dismissed a case Monday against the Federal Reserve Bank of New York. Former American International Group CEO Maurice "Hank" Greenberg sued the Fed for $25 billion claiming that it broke the law when it rescued the insurer during the 2008 financial meltdown. As a major AIG shareholder, Greenberg lost a lot of money because of the bailout. Reuters
(11/19)
- Judge approves $22.5M settlement in case against Google
Despite opposition from a consumer group, a federal judge opted to approve a $22.5 million settlement between Google and the Federal Trade Commission. The settlement stems from allegations that Google improperly placed cookies on Apple's Safari Internet browser. Bloomberg
(11/17)
| Professional and Business Development | | |
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- Communication goofs that can torpedo your leadership hopes
Communication no-nos that can get you knocked off the promotion list include making racially biased comments or off-color jokes, swearing, flirting and failing to make eye contact, a survey of executives by the Center for Talent Innovation and Marie Claire magazine says. "You don't get a shot at being a leader unless you signal right," says Sylvia Ann Hewlett, founding president of CTI. Forbes
(11/16)
- 5 tips for using a mentor in a job search
To get the most out of having a mentor in your job search, choose someone who has experience that can help you, then be sure to listen to honest feedback, Elena Bajic writes. "Make sure the relationship is a 360 degree exchange -- think about what you can offer your mentor in return for his/her time," she writes. Forbes
(11/16)
| PLI News | | |
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London Investment Company Act Equity Procedures 2012
The Forum for U.S. Securities Lawyers in London has recently launched the London Equity Procedures 2012, which include a menu of procedures and considerations to be used by issuers in the London market taking advantage of the Section 3(c)(7) exemption under the Investment Company Act of 1940 for equity securities. Learn more at this Nov. 20 audio briefing.
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ITC Issues Initial Determination in Cypress SRAM Investigation
GSI Technology Inc. announced recently that Chief Administrative Law Judge Charles Bullock issued his initial determination in the patent litigation between GSI and Cypress Semiconductor Corp. pending before the International Trade Commission. Bullock found that GSI has not violated the law with respect to any of the four patents that Cypress had alleged were infringed. On PLI's Patent Law Practice Center, Gene Quinn discusses the case and its implications.
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