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The difficulty when calculating damages caused by production cutoffs was aptly demonstrated in TransPerfect Global, Inc. (“TransPerfect”) v. MotionPoint (“MotionPoint Corporation”), a recent case involving language translation patents. The fact that the jury award did not clearly describe the damage measurement adopted or period covered likely left significant damages on the table. During discovery, MotionPoint …
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Permanent link to this article: https://betweenthenumbers.net/2015/01/dont-leave-a-hole-in-your-damages-timeline/
As recently reported by Variety, a new Warner Brothers film will put a face to the role of average mild mannered accountant. Apparently, he looks like Ben Affleck. Of course, this particular accountant also moonlights as an assassin. As one might. And presumably hangs out with Anna Kendrick (role undefined) and Cynthia Addai-Robinson (your run …
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Permanent link to this article: https://betweenthenumbers.net/2015/01/who-hollywood-thinks-should-play-the-accountant/
Effective Jan. 1, 2015, the NJ Judiciary will be utilizing a Complex Business Litigation Program to address complex business, commercial and construction cases with damage calculations exceeding $200,000. Cases with smaller damage calculations may otherwise qualify based on the complexity of legal or factual issues a large number of parties complex discovery issues, including large volumes of documents …
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Permanent link to this article: https://betweenthenumbers.net/2015/01/specialized-judges-to-handle-complex-business-commercial-and-construction-litigation/
The Financial Accounting Standards Board has issued new rules pertaining to accounting by private companies for identifiable intangible assets in a business combination, based on a consensus of the Private Company Council. Accounting Standards Update No. 2014-18, Business Combinations (Topic 805), was issued in December 2014. Under the new rules, an eligible entity is no …
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Permanent link to this article: https://betweenthenumbers.net/2015/01/new-option-available-for-accounting-for-intangible-assets/
In accordance with Executive Order 13520, Reducing Improper Payments and Eliminating Waste in Federal Programs, Federal agencies are accountable for reducing improper payments while still providing access to beneficiaries. The IRS estimates that the participation rate under the Earned Income Tax Credit (EITC) was nearly 80 percent, but this comes at a high cost. A recent …
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Permanent link to this article: https://betweenthenumbers.net/2015/01/irs-continues-to-overpay-billions-on-the-eitc/
Royalty arrangements within patent licenses have long been constrained by an almost 50 year old Supreme Court decision in Brulotte v. Thys Co that prevents collection of royalties after a patent has expired. The Justices have now agreed to revisit the precedent set by that often-criticized ruling in a current case, Kimble v. Marvel Enterprises, …
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Permanent link to this article: https://betweenthenumbers.net/2014/12/new-rules-for-patent-royalties/
The efforts to encourage and protect whistleblowers have been wide-reaching. However there are differences between the rewards and the protections based on the agency and laws involved. A recent case entitled Gary Vander Boegh v. EnergySolutions, Inc. demonstrated that not all protections are equal. Mr. Vander Boegh had previously engaged in a range of protected …
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Permanent link to this article: https://betweenthenumbers.net/2014/12/whistleblower-protection-has-limits/
The Supreme Court has been asked to decide the case of a commercial fisherman accused of harvesting fish too small to meet federal fishing guidelines. The reason the highest court in the US will hear the case? Federal prosecutors have applied provisions of the Sarbanes-Oxley Act in trying their case. The scope of such application is …
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Permanent link to this article: https://betweenthenumbers.net/2014/12/a-fishy-application-of-the-sarbanes-oxley-act/
The Securities and Exchange Commission (“SEC”) has announced that it will award over $30 million in its latest high profile payout to a whistleblower who provided key original information that led to a successful SEC enforcement action. The award is getting a lot of attention for a number of reasons. This $30 million amount is …
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Permanent link to this article: https://betweenthenumbers.net/2014/10/whistleblower-program-to-pays-big-on-late-report-from-overseas/
A settlement agreement has been reached In the Matter of Lynn R. Blodgett, Adm. Proc. File No. 3-16045 (August 28, 2014), but without consensus on the part of the Securities Exchange Committee (“SEC”) as to the appropriate penalty. The underlying circumstances involve a financial fraud action against two executives at Affiliated Computer Services, Inc. (“ACS”), Lynn Blodget, …
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Permanent link to this article: https://betweenthenumbers.net/2014/09/fraudulent-revenue-recognition-causes-rift-at-the-sec/
Jan 07
Specialized Judges to Handle Complex Business / Commercial and Construction Litigation
January 7, 2015
Effective Jan. 1, 2015, the NJ Judiciary will be utilizing a Complex Business Litigation Program to address complex business, commercial and construction cases with damage calculations exceeding $200,000. Cases with smaller damage calculations may otherwise qualify based on the complexity of legal or factual issues a large number of parties complex discovery issues, including large volumes of documents …
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