Legal

RSS
Legal news and analysis for IT professionals, including antitrust lawsuits, and patent and trademark disputes
  • FCC may allow a Baby Bell to accquire WorldCom

    Posted July 15, 2002 - 4:14 pm

    Faced with the possibility that 20 million customers in the U.S. could soon be left without telecommunications services, the chairman of the FCC may allow a Baby Bell telephone company to acquire ailing long-distance and Internet service provider WorldCom Inc.
  • Germany slams brakes on local loop competition

    Posted July 12, 2002 - 1:13 pm

    The German upper house of parliament, the Bundesrat, decided Friday not to approve an amendment to the national telecommunication bill that would have created greater competition in local telephone networks, a spokeswoman for the Bundesrat said.
  • CA sues Quest for source code theft

    Posted July 10, 2002 - 5:08 pm

    Computer Associates International Inc. is suing Quest Software Inc. and four of its employees for copyright infringement and theft of proprietary software code.
  • Civil liberties group says cable could close Internet

    Posted July 10, 2002 - 1:37 pm

    The openness of the Internet is in danger of being compromised by cable companies that offer high-speed broadband services, according to the American Civil Liberties Union, and the U.S. government must act to protect the Internet's freedom of communication from these monopolies.
  • US Attorney notifies Qwest of criminal investigation

    Posted July 10, 2002 - 11:18 am

    The United States Attorney's office in Denver Tuesday notified Qwest Communications International Inc. that it has begun a criminal investigation into the company.
  • EU conditionally approves Telia buy of Sonera

    Posted July 10, 2002 - 9:39 am

    The European Commission has granted Swedish telecommunication company Telia AB conditional clearance to buy its Finnish rival Sonera Corp., marking the first European Union competition ruling on a merger of two former state-owned telephone carriers.
  • Bush's plan cracks down on corporate fraud

    Posted July 9, 2002 - 3:46 pm

    U.S. President George W. Bush on Tuesday lent his voice to the recent demands for reform in business practices, calling for a new set of corporate ethics backed by harsher criminal punishment for those who commit corporate fraud and for greater transparency in accounting methods.
  • EC adopts guidelines on telecommunication regulation

    Posted July 9, 2002 - 1:23 pm

    The European Commission today adopted guidelines on market analysis and the assessment of so-called significant market power in the telecommunications industry.
  • Falun Gong group hijacked satellite, China says

    Posted July 9, 2002 - 11:35 am

    A spiritual movement that is banned in China, Falun Gong, hijacked a Chinese government-owned communications satellite in June, disrupting television broadcasts on 19 channels for eight days, regulators said Monday.
  • EU receives complaints over telecom competition

    Posted July 9, 2002 - 11:15 am

    Five of Europe's large telecommunication companies have written to the European Commissioner for Competition, Mario Monti, complaining about "methodological anti-competitive behavior" by former telecommunication monopolies in the market for local telecommunication services in Europe.
  • WorldCom execs remain mum during House hearing

    Posted July 9, 2002 - 9:54 am

    A U.S. House of Representatives committee held a hearing Monday in a bid to uncover answers about WorldCom Inc.'s alleged $3.9 billion accounting fraud. But with two WorldCom executives exercising Fifth Amendment rights, lawmakers were left trying to piece together who was responsible for the company's financial misstatements by questioning witnesses close to the company.
  • EU invites complaints over telecom competition

    Posted July 8, 2002 - 12:08 pm

    The European Commission wants telecommunication operators to speak up with their complaints about incumbent operators' dominance of the telecommunication local loop, Competition Commissioner Mario Monti said Monday.
  • Qwest reorganizes, appoints new CFO

    Posted July 8, 2002 - 10:55 am

    Out goes one team, in comes another as Qwest Communications International Inc. fights to get back on track.
  • Qwest says no knowledge of DOJ probe

    Posted July 8, 2002 - 9:51 am

    Qwest Communications International Inc. has said it has no reason to believe that it is being investigated by the U.S. Department of Justice, as was reported in the Wall Street Journal.
  • Monitor appointed in WorldCom case, trial in March

    Posted July 5, 2002 - 10:16 am

    A United States federal judge appointed former SEC Chairman Richard Breeden as corporate monitor in the civil fraud case against WorldCom Inc. on Wednesday. The case should be ready for trial by March 31.
  • More accounting shocks may be on the way

    Posted July 5, 2002 - 9:52 am

    Since WorldCom Inc.'s revelation last week of the largest accounting deception in corporate history, company after company has come forward admitting to bookkeeping irregularities and management crises, and the flood is unlikely to end soon. With a corporate earnings season beginning and increasing pressure from politicians and regulators, the next few months will be a prime time for further disclosures.
  • Vivendi replaces chairman and CEO

    Posted July 5, 2002 - 9:40 am

    Vivendi Universal SA Wednesday put an end to rumors of an executive shakeup, announcing that it has replaced its chairman and chief executive officer, Jean-Marie Messier, and named two new members to its board.
  • EU examines MS .Net Passport for privacy issues

    Posted July 3, 2002 - 1:53 pm

    European data protection authorities concluded this week that Microsoft's .Net Passport online authentication system does risk breaching EU privacy laws and said that they would continue to study issues raised by the service. EU officials did not say that a formal investigation would be launched, however.
  • MS/DOJ settlement process passes legal muster

    Posted July 3, 2002 - 10:26 am

    The judge reviewing the proposed antitrust settlement between Microsoft Corp. and the U.S. Department of Justice Tuesday cleared the two sides of any wrongdoing in their handling of the deal.
  • Xerox paid bribes for Indian government contracts

    Posted July 3, 2002 - 9:07 am

    Xerox Corp. has added another twist to its accounting controversy by admitting it paid out bribes totalling up to US$700,000 in connnection with sales to Indian government customers.
  • UPDATE: Vivendi suffers under accounting charges, CEO departure

    Posted July 2, 2002 - 10:33 am

    The French-American conglomerate and media giant Vivendi Universal SA fell sharply on the Paris stock exchange on Tuesday afternoon in the wake of an accusation in a French newspaper that the company had used "doubtful operations" in its accounting methods to add sizable profits to its 2001 accounts.
  • WorldCom: How did we get here?

    Posted July 2, 2002 - 9:41 am

    Last week's admission by WorldCom Inc. that it improperly booked almost US$4 billion of expenses in 2001 and the first quarter of 2002 may be the ghost of the 1990s telecom boom that finally forces a major U.S. government crackdown on accounting practices.
  • Apple denies insider trading

    Posted July 2, 2002 - 9:22 am

    Apple Computer Inc.'s chief financial officer Fred Anderson has denied insider trading after sales of stock by company executives was called into question last week on Mac-enthusiast Web site Resexcellence.com.
  • UPDATE: WorldCom files documents, could be delisted

    Posted July 1, 2002 - 5:41 pm

    WorldCom Inc. Monday filed documents demanded by the SEC as well as the Nasdaq stock market. The company said that its stock could be removed from the Nasdaq as early as July 5.
  • Judge orders WorldCom, Andersen not to shred

    Posted June 28, 2002 - 2:04 pm

    A judge in Mississippi has issued a temporary restraining order barring WorldCom Inc., its former employees, and its current and former auditors from destroying any documents or records that could be subject to a Mississippi investigation into the company's accounting scandal.
Join us:
Facebook

Twitter

Pinterest

Tumblr

LinkedIn

Google+

Join today!

See more content
Ask a Question
randomness