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US Court Denies Injunction Sought by Verigy
Court Watch |
2008/03/05 12:28
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| Chip testing equipment maker Verigy Ltd. said Wednesday that a U.S. district court has granted a preliminary injunction preventing Silicon Test Systems Inc. from selling its integrated circuit product for the next five months. The U.S. District Court for the Northern California District of California, San Jose Division, issued its ruling on Friday. The preliminary injunction prevents the defendants from selling, licensing, distributing, transferring or marketing Flash Enhancer and any product based on Flash Enhancer. According to Verigy, the court found that Flash Enhancer "is substantially based upon Verigy's trade secrets." Verigy said defendant Romi Mayder was employed by the company until September 2006 and began developing an integrated circuit product for a new business venture while still employed by Verigy. Mayder's brother, Wesley Mayder, is also named as a defendant. In a phone interview, Romi Mayder noted that the judge denied the absolute injunction that Verigy sought. Mayder said the information used to develop his product was publicly available and that his use of it amounted to a "five-month head start." Verigy sued the defendants in August 2007 for breach of contract, trade secret misappropriation, statutory and common law unfair competition and other charges. The court issued a temporary restraining order against the defendants on Aug. 24, which was still in effect when the preliminary injunction was issued. |
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Judge Wants Shipwreck Evidence Worked On
Court Watch |
2008/03/05 10:01
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| A judge wants Florida shipwreck explorers and the Spanish government to settle their differences over sharing evidence related to an estimated $500 million in treasure the company recovered last year. In Tampa, U.S. Magistrate Judge Mark Pizzo told lawyers for Odyssey Marine Exploration and Spain to agree by Friday _ or he will be forced to intervene. Spain believes it has a claim to the 17 tons of colonial-era coins Odyssey raised from an Atlantic Ocean shipwreck. But Odyssey has kept most details of the find secret to protect the site from competitors. The two sides bickered in a hearing Wednesday over whether Tampa-based Odyssey has handed over sufficient information about the wreck site and treasure for Spain to determine the extent of a possible claim. |
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Judge accepts plea deal in Cody Warren's death
Court Watch |
2008/03/04 14:21
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| A military judge has accepted the guilty plea from the Marine accused of killing Lance Cpl. Kristopher Cody Warren in Iraq in 2006. Cpl. Douglas Michael Sullivan, 23, pleaded guilty Tuesday to involuntary manslaughter in connection with the death of the 19-year-old Gordon County native who had been deployed to Iraq with his Marine Reserve unit. Robin Patterson, Warren’s mother, told the Calhoun Times earlier that she was “absolutely appalled” when she learned of the plea agreement last month. Patterson planned to go to California for Sullivan’s court martial and is expected to testify during the sentencing phase. Warren graduated from Gordon Central High School in 2005 and joined the Marine Reserves. Sullivan said that he accidently shot Warren while improperly handling a weapon at Forward Operating base Trebil, near Fallujah, Iraq. |
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Yanez beats Criss in Texas Supreme Court primary
Court Watch |
2008/03/03 12:31
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| South Texas appellate Judge Linda Reyna Yanez will be the next Democrat trying to win a seat on the GOP-dominated Texas Supreme Court. Yanez won the high civil court's Place 8 Democratic primary Wednesday over Galveston Judge Susan Criss. Yanez is a judge in the state's Thirteenth Court of Appeals. Criss lost despite the visibility she earned presiding over recent high-profile cases like the civil lawsuits filed in wake of the deadly 2005 BP refinery explosion in Texas City.
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Suspect in Ivy League ID Theft in Court
Court Watch |
2008/03/03 11:27
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| A woman accused of using a missing person's identity to get into an Ivy League school made her first court appearance Monday, and the victim's relatives said they just want the theft suspect punished. When Esther Elizabeth Reed was indicted last year, Brooke Henson's relatives said they hoped Reed could tell authorities where to find her. "Of course at first, it was just giving us hope that Brooke was alive," Lisa Henson, Brooke's aunt, said Monday. Investigators have since said they don't think Reed had anything to do with Henson's 1999 disappearance. Reed is accused of stealing Henson's identity in 2003 and posing as her to obtain false identification documents, take a high school equivalency test and get into Columbia University. She was indicted last year and made her first court appearance Monday on federal charges of identity theft, mail and wire fraud and obtaining false identification documents. If convicted on all four charges, Reed faces a possible $1 million fine and 47 years in prison, time Lisa Henson said she hopes Reed will serve. |
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Investment Fraud Litigation |
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Securities fraud, also known as stock fraud and investment fraud, is a practice that induces investors to make purchase or sale decisions on the basis of false information, frequently resulting in losses, in violation of the securities laws. Securities Arbitration. Generally speaking, securities fraud consists of deceptive practices in the stock and commodity markets, and occurs when investors are enticed to part with their money based on untrue statements.
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