South Korea is buzzing at the news that prosecutors have demanded no less than a 12-year prison term for Samsung’s billionaire heir, Jay Y. Lee. Lee is accused of attempting to solidify his total control of the massive company through a sketchy scheme that included bribing the South Korean President, Park Geun-hye.
Law
HARD TIME: Vann’s Ex-CEO Gets 5+ Years in Federal Prison
Judge: ‘…Arrogance, That Defies Explanation’
In February, we reported that George Leslie Manlove was convicted on approximately 170 out of a total of 200 Federal felony counts stemming from his tenure as CEO of the now-defunct Vann’s Electronics & Appliances in Montana. A few days ago, Manlove learned his fate in the form of a sentence from U.S. District Court Chief Judge Dana Christensen, and it wasn’t a pretty picture. Manlove has been ordered to serve a sentence of more than 5 years in a Federal Penitentiary.
See more on this fall from grace by Manlove, the former CEO of Vann’s… [Read more…] about HARD TIME: Vann’s Ex-CEO Gets 5+ Years in Federal Prison
Sonos Wins Dismissal of Multiple D&M Holdings Counterclaims
Just one month after Delaware District Court judge Richard G. Andrews ruled against D&M Holdings’ attempt to have four key Sonos patents invalidated, we learn that Sonos was successful in winning a dismissal of three of D&M Holdings’ counterclaims of patent infringement against them. However, four additional counterclaims filed by D&M survived the challenge and the counter-lawsuit will continue.
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Lawsuit: Bose is Spying on You and Selling Your Personal Info
A lawsuit has been filed in the U.S. District Court in Northern Illinois against Bose Corp. alleging that the popular brand is spying on consumers, collecting personal usage data, and selling or otherwise using this data for profit. All of this, the suit claims, is done in violation of various Federal and State privacy laws and with no warning or notification to the consumer.
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Judge Finds Against D&M; Affirms Sonos Patents
BREAKING NEWS
Delaware District Judge Richard G. Andrews has delivered a decision that is sure to be a blow against D&M Holdings’ defense in its now long-running patent infringement dispute with Sonos, originally filed in October 2014. Judge Andrews has denied a motion by D&M to invalidate four key Sonos patents at the heart of their dispute and a key part of Sonos’ claim that D&M’s HEOS products infringe upon these and other patents.
See more on this dramatic decision from the court in favor of Sonos… [Read more…] about Judge Finds Against D&M; Affirms Sonos Patents
GUILTY: Former Industry CEO Manlove Convicted on Multiple Federal Charges
Almost exactly one year ago, we told you that former CEO of Montana specialty retailer Vann’s, George Leslie Manlove, was charged with more than 200 counts of criminal conduct by Federal prosecutors after an investigation by the FBI and the Department of Labor. Manlove, who is married to the daughter of the founder of Vann’s, was accused of a number of crimes including conspiracy, wire fraud, money laundering, bankruptcy fraud, bank fraud, and making false statements.
Now we learn that after a two-week trial and two days of deliberation, jurors found Manlove guilty on 172 of those charges…and aquitted on the rest.
See more about the surprising downfall of Manlove, a former rising star of tech… [Read more…] about GUILTY: Former Industry CEO Manlove Convicted on Multiple Federal Charges
Prosecutors Make Their Case to Jail Head of Samsung
Judge Questions Jay Y. Lee in Arrest Warrant Hearing
In a case that has been percolating for weeks but has now come to a boil, special prosecutors in South Korea have gone before a judge to obtain a warrant for the arrest of Samsung Group leader, Jay Y, Lee. Summoned by the court to testify, Lee answered questions in a closed-door session at the court, held today. Lee denied he or his company participated in any wrongdoing.
The judge’s decision is expected very soon.
See more on the legal troubles that Samsung now finds themselves in… [Read more…] about Prosecutors Make Their Case to Jail Head of Samsung
GoldenEar Earns Patent for Innovative SuperSub Technology
GoldenEar Technology announced last week that it has earned a patent for its innovative dual-plane, inertially-balanced subwoofer technology used in its SuperSub™ line. The U.S. Patent Office awarded GoldenEar patent #9,462,39 on its technology, protecting the company from anyone copying their unique design.
See more on this GoldenEar technological achievement… [Read more…] about GoldenEar Earns Patent for Innovative SuperSub Technology
Beats Wins; Monster Loses Lawsuit Over Alleged Dirty Dealing
Trial is Now on Defendants’ Efforts to Recover Lawyers Fees
The fat lady hasn’t sung yet, but it’s pretty much all over for Monster LLC and Noel Lee’s lawsuit against Beats Electronics LLC, Andre Young (a/k/a Dr. Dre), Jimmy Iovine, Paul D. Wachter (a Beats director), HTC America Holding, Inc and Does 1-25 (defendants to be named later). LA Superior Court Judge William F. Fahey has dismissed Monster’s lawsuit in its entirety, and has scheduled a trial that is now only on the claims by the defendants against Monster for attorneys fees and other costs.
See more on this stunning defeat for Monster… [Read more…] about Beats Wins; Monster Loses Lawsuit Over Alleged Dirty Dealing
Department of Justice Says It Will Not Charge Nortek in Bribery Scandal
SEC Forces Nortek to Forfeit Profits Resulting from the Bribe
The Department of Justice (D.O.J.) has notified Nortek, Inc. that it has closed its investigation into a corporate bribery scandal involving the company’s operations in China and will take no further actions, according to a report by Reuters. Nortek, parent company of Core Brands – a holding company of several custom integration brands – had revealed the existence an internal investigation into the matter by the company to investors several quarters ago. At the same time, Nortek reported the matter to the authorities, noting that they would fully cooperate with any government investigation.
Nortek “will not be charged because the U.S. [company] had turned themselves in,” Reuters noted. Nortek stock was up 5.19% in late afternoon trading on the news.
