While former PruchasePro executive Charles Johnson is currently on trial in U.S. District Court on charges of making improper deals to inflate company earnings, he is staying in the headlines for an earlier case that ended in a mistrial and led to the firing of Johnson’s former attorney, Preston Burton.
A lawyer for Best Buy Co. (BBY) has acknowledged that he falsified emails and a memo before turning them over to plaintiffs in a nationwide class-action lawsuit - a development that could prompt the judge to find the company liable for tens of millions of dollars in damages.
Technology company Brocade Communications, Inc. faces a $7 million fine from the Securities and Exchange Commission as a penalty for improperly issuing stock options. Brocade is the first company to receive such a penalty and the settlement represents a significant decision among SEC commissioners as to whether companies should be penalized for stock option violations...
Joya Williams faces as many as 10 years in prison on the single conspiracy charge in a failed scheme to sell Coke's trade secrets to rival Pepsi for at least $1.5 million. U.S. District Judge J. Owen Forrester told Williams that he was meting out the long prison term because, “This is the kind of offense that cannot be tolerated in our society.”
Hyundai and Kia Motors estimated the damage from the IP theft could add up to W4.7 trillion by 2010 in the Chinese market and W22.3 trillion in the global market…
Five former and current employees of Korea’s Kia Motors were accused of stealing and delivering 57 corporate secrets to a Chinese automaker. Kia’s lax corporate IT security policies allowed employees to email profitable company secrets to a competitor, contributing to a huge operating loss for the company…
R&B singer Waymond Anderson could walk free from jail if an appeal against his murder conviction is successful. The star has spent 13 years in prison after being convicted of first-degree murder of Robert Wellington in 1993. Defense lawyers claim Anderson was miles from where the killing took place and have submitted statements from two trial witnesses to say they lied under oath. His conviction lies in the strength of electronic evidence seized from his cell phone placing him at the scene, but prosecutors first must prove the authenticity of that evidence or Anderson will be set free…
Gary Min, a DuPont employee, stole $400 million worth of DuPont trade secrets with the intention of offering them to his next employer. Over the course of four months, Min downloaded 22,000 abstracts and 16,700 documents in the Delaware office…
