This time of year, many companies consider summer interns. It’s a great opportunity for everyone. The student gets experience and you get free workers, right? Not so fast. Although forty-seven percent of students who graduated college in 2012 worked as an intern – for free –those interns come with considerable risk.
Companies such as Fox Searchlight and Hearst Corporation are still entangled in litigation brought by unpaid interns who worked for the company free of charge…
Nikon has won a patent infringement lawsuit filed against Polaroid and another company. The lawsuit was related to a mirrorless interchangeable lens camera marketed by Polaroid, which Nikon claimed was very similar to one of its own cameras.
The Polaroid mirrorless interchangeable lens camera, the iM1836 was introduced recently, and at the very outset, it was obvious to many that the camera closely resembled the mirrorless camera that is part of the Nikon 1 series. Not surprisingly, Nikon filed a patent…
Halliburton is asking the courts to decide on its appeal against allowing shareholders to file lawsuits against companies for inflating share prices fraudulently. The Supreme Court has now agreed to hear Halliburton’s case.
The company is attempting to block off legal action from shareholders, who purchased stock in Halliburton between June 1999 and December 2001. According to the shareholder lawsuit, Halliburton deliberately engaged in fraudulent practices in order to inflate as share prices. The company's liability in asbestos litigation, for instance,…
Is the National Football League allowed to use photographs without consent? That is the question at the crux of a new copyright infringement lawsuit that has been filed by a team of seven photographers against several defendants, including the National Football League. The lawsuit also mentions Getty Images, the Associated Press and Replay Photos.
According to the lawsuit, the photographs have been used by these agencies, although the plaintiffs continue to retain copyrights to the photographs. It's common for news agencies…
Concerns are being raised about the potential for insider trading involving high-speed traders who make investments based on market- moving data. Recently New York Attorney General, Eric Schneiderman called on federal officials to take steps to prevent such insider trading, or what he calls “insider trading 2.0.”
The concerns over high-frequency traders, who have access to soon-to-be released market-specific sensitive information, have been around for a while now, but it has been rare to see public officials voice these concerns. According…
Shareholders of Netflix suffered a second disappointment recently when a judge refused to allow their shareholder lawsuit to proceed, because they had not fixed deficiencies that had been found in an earlier version of the lawsuit.
Through the lawsuit, shareholders are trying to get the company to pay them damages for misleading them about the financial prospects of its streaming operations. However, a judge in San Francisco has dismissed the lawsuit again.
The lawsuit had been led by the Arkansas Teacher Retirement…
http://www.youtube.com/watch?v=RRVy2gJZs-4
There are three critical documents that all companies should have. The first is an employee handbook that governs your relationship with your employees. Second, you're going to want to have a Commission Agreement for all commission employees. California recently passed a law that required this. Third, you are going to want to have a Separation Agreement on file. Sometimes employees are going to leave the company and often you are going to want to offer them a Separation Agreement. Those…
http://www.youtube.com/watch?v=-CT-2V2pDSo
Sam Sherman was on San Diego 6 commenting on Former San Diego Mayor Bob Filner's liability
Sam Sherman was recently asked by San Diego News 6 to comment on the current allegations against Mayor Bob Filner. Click here to watch this interview. To learn about Mr. Sherman’s employment practice, view his profile.
Overconfident CEOs are much more likely to make the kind of risky business decisions that result in a shareholder lawsuit. According to the results of a study that was published recently in Journal of Financial and Quantitative Analysis, overconfident CEOs tend to make risky decisions like trying to focus on areas other than their core business competencies. Generally, such business decisions are very risky and fail to work.
Such CEOs are also much more likely to make risky decisions in using…