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The heads of three well-known technology companies lost their jobs this week as the result of a scandal sweeping through the business world over the improper backdating of stock options.

Internet news publisher Cnet Networks Inc., security software firm McAfee Inc. and online recruitment service Monster Worldwide Inc. announced the resignation or retirement of their chief executives, all apparently over concerns about how the companies granted stock options. The three are the latest of at least 135 companies to acknowledge or be investigated for backdating

The heads of three well-known technology companies lost their jobs this week as the result of a scandal sweeping through the business world over the improper backdating of stock options. Read More »

China/Hong Kong – LAWFUEL – Asia Law News – Clifford Chance has …

China/Hong Kong – LAWFUEL – Asia Law News – Clifford Chance has advised Asia Timber Products Company Limited, a special purpose vehicle established by funds advised by CVC Asia Pacific Limited, on its leveraged buyout (“LBO”) of the Chinese timber product business owned by Carter Holt Harvey*, the leading New Zealand wood products company. The

China/Hong Kong – LAWFUEL – Asia Law News – Clifford Chance has … Read More »

Wednesday 11 October 2006 LAWFUEL – Australia Law News – Mr Michael …

Wednesday 11 October 2006 LAWFUEL – Australia Law News – Mr Michael Kwong, of Reservoir, Victoria, has appeared in the Melbourne Magistrates’ Court in relation to 43 charges following an investigation by the Australian Securities and Investments Commission (ASIC). Mr Kwong is charged with dishonestly using his position as an employee of Smith Barney Citigroup

Wednesday 11 October 2006 LAWFUEL – Australia Law News – Mr Michael … Read More »

New York, NY— LAWFUEL – US Law News – The New York office of Kirkpat…

New York, NY— LAWFUEL – US Law News – The New York office of Kirkpatrick & Lockhart Nicholson Graham LLP (K&LNG) welcomes Bruce J. Kahne to its hedge funds practice. Kahne comes to the firm from Seward & Kissel LLP. Kahne focuses his practice on the formation and representation of private investment partnerships and various

New York, NY— LAWFUEL – US Law News – The New York office of Kirkpat… Read More »

Thursday 12 October 2006 – A promoter of illegal property financing …

Thursday 12 October 2006 – A promoter of illegal property financing schemes has been ordered to pay more than $1 million in compensation and penalties and banned from ever running a company again. Ms Jan Redfern, Executive Director of Enforcement at the Australian Securities & Investments Commission (ASIC) welcomed orders from Justice Brereton of the

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Billion-dollar+ companies carry biggest litigation burden, fielding …

Billion-dollar+ companies carry biggest litigation burden, fielding 556 cases on average, almost half facing 50 new suits annually; 40% of large companies expect number of actions to increase in coming year; insurers are the litigation Olympians, confronting an average of 1,696 lawsuits, followed by retailers and energy firms. Litigation side effects: 63% of U.S. companies

Billion-dollar+ companies carry biggest litigation burden, fielding … Read More »

U.S. District Court Awards $20 Million for Illegal Creation and Sale…

U.S. District Court Awards $20 Million for Illegal Creation and Sales of Unauthorized Star Wars Products SAN FRANCISCO- LAWFUEL – Law News Network –The U.S. District Court for the Central District of California has awarded Lucasfilm Ltd. $20 million in damages in a copyright infringement and unfair competition case against the British firm Shepperton Design

U.S. District Court Awards $20 Million for Illegal Creation and Sale… Read More »

NEW PROVIDENCE, N.J. & NEWTOWN SQUARE, Pa.–LAWFUEL – Law News Netwo…

NEW PROVIDENCE, N.J. & NEWTOWN SQUARE, Pa.–LAWFUEL – Law News Network – Are law firms starting to get it when it comes to managing client relationships? Yes, according to the 2006 Chief Legal Officer Survey. The annual survey conducted by Altman Weil, Inc. and LexisNexis® Martindale-Hubbell® reports a dramatic decrease in Chief Legal Officer (CLO)

NEW PROVIDENCE, N.J. & NEWTOWN SQUARE, Pa.–LAWFUEL – Law News Netwo… Read More »

LAWFUEL – US Law News – Attorney General Eliot Spitzer today announc…

LAWFUEL – US Law News – Attorney General Eliot Spitzer today announced that R.J. Reynolds Tobacco Company and the Attorneys General of 38 states have entered into a settlement that ends the sale of candy, fruit and alcohol flavored cigarettes manufactured and sold by the company. Under the settlement, Reynolds agreed to a ban in

LAWFUEL – US Law News – Attorney General Eliot Spitzer today announc… Read More »

Largest exchangeable or convertible issue out of Asia ex-Japan this …

Largest exchangeable or convertible issue out of Asia ex-Japan this year Singapore – The Singapore office of international law firm Clifford Chance has advised Khazanah Nasional Berhad (“Khazanah”) as obligor, and the special purpose issuer Rafflesia Capital Limited on the groundbreaking issue of US$750 million of Shariah-compliant exchangeable trust certificates (sukuk). Khazanah is the investment

Largest exchangeable or convertible issue out of Asia ex-Japan this … Read More »

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