January 2012 archive

SEC Whistleblower Program Collects a Surprising Number of Complaints

The Dodd-Frank Wall Street Reform and Consumer Protection Act added requirements for the SEC to maintain a whistleblower reporting capability, and to annually report on the results each fiscal year. Section 922 of Dodd-Frank added Section 21F to the Securities Exchange Act, requiring the SEC to make monetary awards to those who voluntarily provide original …

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IRS Extends Tax Filing Deadline

Tax procrastinators rejoice!  Once again, the Washington D.C. specific holiday of Emancipation Day will buy the entire country a bit more time to file their taxes this year.  The usual April 15th deadline falls on a Sunday, with Emancipation Day on the following Monday.  Therefore, the IRS has announced that 2011 taxes are due on …

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Permanent link to this article: http://betweenthenumbers.net/2012/01/irs-extends-tax-filing-deadline/

New Study shows High Annual Costs of being a Public Company

Ernst & Young (E&Y) recently released a study of the annual recurring costs of going public. Most studies on this topic focus on sales commissions and discounts paid to investment bankers. The other costs of going public are often not available, and are minimized by some commentators. E&Y sheds light on this important subject, generally …

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“9/10”: The Most Common (Yet Inconsequential) Fraction

I remember when gasoline prices eclipsed the $1.00 mark in the 1980s.  This inevitable event had a deep psychological impact on my parents, who bemoaned the constantly rising cost of gas (and other necessities) and determined our family had to tighten our belts to make ends meet. The remnants of America’s pre-$1.00 per gallon days …

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Misleading Survey Results from One of the “Top Notch” Polling Agencies

Last week, USA Today/Gallup published the results of its December 15 – 18, 2011 public opinion poll.  At the end of every year since 1948,  with the exception of 1967 and 1976, Gallup has asked the following (among other) questions: What man that you have heard or read about, living today in any part of the world, do …

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Permanent link to this article: http://betweenthenumbers.net/2012/01/misleading-survey-results-from-one-of-the-top-notch-polling-agencies/

Bagging airline bag fees won’t help passengers

No one who just paid $50 to check a bag when flying home from the holidays is likely to be convinced that bag fees are a good thing. But those who avoided checking a bag might be. Additional fees for checking a bag have been around for some time now. A bill that was recently …

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Permanent link to this article: http://betweenthenumbers.net/2012/01/bagging-airline-bag-fees-wont-help-passengers/

25% Reasonable Royalty Rule is Rejected even with no Objection

In Spine Solutions vs. Medtronic Sofamor Danek, Case No. 2:07-02175-JPM-dkv (W.D. Tenn. Nov. 23, 2011), a District Court ordered a new trial on damages based on the Federal Circuit’s ruling in Uniloc USA, Inc. v. Microsoft Corp., 632 F.3d 1292 (Fed. Cir. 2011). In the Uniloc case, the widely-used 25% royalty rule was rejected as …

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