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January 24, 2013
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Legal News in Brief

  Corporate Spotlight 
  • Dodd-Frank is less than half implemented, GAO says
    The Government Accountability Office says in a report that less than half of Dodd-Frank Act rules had been implemented by the end of 2012. The GAO blames the complexity of the task as well as difficult coordination by overlapping and interconnected regulators. "Although regulators have established mechanisms to facilitate coordination ... several regulators indicated that coordination increased the amount of time needed to finalize rulemakings," according to the report. Reuters (1/23) LinkedInFacebookTwitterEmail this Story
  • Yahoo and Dell join Google in Dutch tax haven
    The list of companies avoiding U.S. taxes by routing revenue through subsidiaries in the Netherlands keeps growing, including Yahoo, Dell, Google and Merck & Co. Securities filings in the U.S. show that Yahoo's offshore operations allowed the company to reduce 2011 taxes by $42.8 million. Using a similar technique, which is legal, Google cut its global tax bill by $2 billion in 2011. Bloomberg (1/23) LinkedInFacebookTwitterEmail this Story
  • Other News
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  National News 
  • Big U.S. banks lost $114B in deposits in early January
    More than $114 billion left the 25 biggest U.S. banks early this month, the largest one-week withdrawal since the days after the Sept. 11, 2001, terrorist attacks, Federal Reserve data show. The reason for the exit is unclear. Analysts point to possible factors such as the end of the Transaction Account Guarantee program, uncertainty surrounding the "fiscal cliff" and an increase in investments. Bloomberg Businessweek (1/23) LinkedInFacebookTwitterEmail this Story
  Legislative Dispatch 
  Employment Focus 
  • More companies move executive recruiting in-house
    Executive searches by recruitment consultants, sometimes referred to as "headhunters," dropped by 7.6% in the third quarter, the Association of Executive Search Consultants says. Coca-Cola says it does 95% of its executive recruiting in-house, and many other companies are following suit. Supporters of in-house recruiting say it's cheaper and faster, and that it decreases turnover and leads to greater diversity. Bloomberg Businessweek (1/17) LinkedInFacebookTwitterEmail this Story
  Supreme Court and Federal Court Watch 
  • Peregrine fraud amounts to $215M, prosecutors say
    Peregrine Financial Group CEO Russell Wasendorf Sr. started stealing from clients in the 1990s and ultimately took about $215 million, prosecutors say. The thefts were executed by altering bank statements before they were given to the chief financial officer and accountants, Wasendorf's plea agreement indicates. Bloomberg (1/23) LinkedInFacebookTwitterEmail this Story
  Other Legal News 
  Professional and Business Development 
  • 5 career lessons from Monty Python
    "Monty Python and the Holy Grail" offers several career lessons, Anita Bruzzese writes. "Sometimes the workplace can be a little crazy. Ridiculous, even. You're asked to do nonsensical stuff like find a shrubbery to please an important client. But bosses truly appreciate those who are resilient, who approach such scenarios with commitment and keep their sense of humor," Bruzzese writes. The Fast Track (1/22) LinkedInFacebookTwitterEmail this Story
  • Let social sharing sites help you with your next interview
    Dressing professionally, doing background research on the employer and having questions prepared are ways to nail a job interview, writes Josh Tolan, CEO of Spark Hire. "Perhaps another employee's experience can help you avoid a huge misstep or prepare you better for tricky questions. Ask questions on social sharing sites like Quora and LinkedIn Answers to see what experiences others have had at the company," he writes. Mashable (1/19) LinkedInFacebookTwitterEmail this Story
  PLI News 
  • The Biggest Moments in Patents for 2012
    This year for his annual year-end wrap up, Gene Quinn reached out to some of his industry friends to ask for their ideas on what the biggest moments were in 2012 for the world of intellectual property. On PLI's Patent Law Practice Center, find out what experts such as Bob Stoll and Stephen Kunin had to say about the America Invents Act, the Supreme Court's new interest in patent law and more. LinkedInFacebookTwitterEmail this Story
  • An Overview of the FERC's Market Manipulation Authority
    Please join Susan J. Court, principal, SJC Energy Consulting, who served as the first director of Federal Energy Regulatory Commission's Office of Enforcement (from 2005 to 2009), at the Jan. 29 audio briefing FERC: Policing the Physical Energy Markets, as she provides an update on FERC's exercise of its enforcement authority to police the physical energy markets. LinkedInFacebookTwitterEmail this Story
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  SmartQuote 
All news is an exaggeration of life."
--Daniel Schorr,
American journalist


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