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Chase Bank Limits Cash Withdrawals, Bans International... Before you read this report, remember to sign up to http://pennystockpaycheck.com for 100% free stock alerts Chase Bank has moved to limit cash withdrawals while banning business customers from sending...

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Richemont chairman Johann Rupert to take 'grey gap... Billionaire 62-year-old to take 12 months off from Cartier and Montblanc luxury goods groupRichemont's chairman and founder Johann Rupert is to take a year off from September, leaving management of the...

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Cambodia: aftermath of fatal shoe factory collapse... Workers clear rubble following the collapse of a shoe factory in Kampong Speu, Cambodia, on Thursday

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Spate of recent shock departures by 50-something CEOs While the rising financial rewards of running a modern multinational have been well publicised, executive recruiters say the pressures of the job have also been ratcheted upOn approaching his 60th birthday...

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UK Uncut loses legal challenge over Goldman Sachs tax... While judge agreed the deal was 'not a glorious episode in the history of the Revenue', he ruled it was not unlawfulCampaign group UK Uncut Legal Action has lost its high court challenge over the legality...

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How to solve the bank capital Goldilocks question

Category : Stocks

Brown-Vitter and other efforts to boost bank capital are misguided. Capital cushions provide a false sense of security.

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Spongetech Delivery Systems, Inc. (SPNGQ: Grey Market) | SEC Litigation Release

Category : Stocks, World News

U.S. SECURITIES AND EXCHANGE COMMISSION

Litigation Release No. 22586 / January 4, 2013

Securities and Exchange Commission v. Spongetech Delivery Systems, Inc., RM Enterprises International, Inc., Steven Y. Moskowitz, Michael E. Metter, George Speranza, Joel Pensley and Jack Halperin, Civil Action No. 10-2031 (E.D.N.Y.) (filed May 5, 2010)

SEC OBTAINS JUDGEMENTS AGAINST FORMER SPONGETECH EXECUTIVES MICHAEL E. METTER AND STEVEN Y. MOSKOWITZ

The Securities and Exchange Commission announced that on December 18, 2012 and June 12, 2012, the Honorable Judge Dora L. Irizarry, United States District Judge for the Eastern District of New York, entered Judgments against, respectively, Michael E. Metter (“Metter”), the former Chief Executive Office of Spongetech Delivery Systems, Inc. (“Spongetech”), and Steven Y. Moskowitz (“Moskowitz”), Spongetech’s former Chief Financial Officer.

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HK share sponsors face tough laws

Category : Business, World News

A Hong Kong regulator proposes that sponsors of initial share sales be held criminally liable for false information presented by firms they help to list.

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Apple showed lack of integrity in Samsung dispute, says judge

Category : Business

Appeal court judge says Apple published ‘false and misleading’ material after order to acknowledge legal defeat

A senior judge has criticised Apple again in the latest round of a legal row between the iPad maker and rival Samsung.

Sir Robin Jacob said Apple had published “false and misleading” material, and suggested the firm had shown a “lack of integrity” by saying staff would need two weeks to make “minor changes” to the company website.

This month the court of appeal ruled against Apple after Samsung complained about a notice Apple posted online acknowledging defeat in a design dispute at the high court. Samsung said Apple had added an account of court proceedings in Germany and the US which was “inaccurate and misleading”.

Three judges – Jacob, Lord Justice Longmore and Lord Justice Kitchin – agreed that the statement did not comply with a court order and said Apple should post another statement. On Friday they gave their written reasons.

“What Apple added was false and misleading,” Sir Robin said in the written decision. “There is a false innuendo that the UK court’s decision is at odds with decisions in other countries whereas that is simply not true.”

He said Apple had asked for two weeks to post a new notice. “I found that very disturbing: that it was beyond the technical abilities of Apple to make the minor changes required to its own website in less time beggared belief. In end we gave it 48 hours which in itself I consider generous.

“We said the time could be extended by an application supported by an affidavit from a senior executive explaining the reasons why more was needed. In the event no such application was made.”

The judge added: “I hope that the lack of integrity involved in this incident is entirely atypical of Apple.” Lord Justice Longmore and Lord Justice Kitchin said they agreed.

In July the high court ruled that the Samsung Galaxy Tab was not “cool” enough to be confused with Apple’s iPad, and that three Galaxy models did not infringe Apple’s registered design. Last month Apple failed to overturn that ruling in the appeal court, and on 26 October it published the notice of defeat.

At the hearing of Samsung’s complaint on 1 November, Longmore told a lawyer representing Apple: “We are just amazed that you cannot put the right notice up at the same time as you take the other one down.” Jacob added: “I don’t believe the instructions you have been given. This is that Apple cannot put something on their own website?”

Former Fancamp Chairman to Nominate Alternative Slate of Directors

Category : Stocks, World News

Highlights Fancamp’s Record of Destroying Shareholder Value and Filing False Information with Securities Regulators

Shareholders Urged to Vote Their YELLOW Proxy FOR a New Experienced Board To Revitalize Fancamp

Continued here: Former Fancamp Chairman to Nominate Alternative Slate of Directors

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Former Fancamp Chairman to Nominate Alternative Slate of Directors

Category : World News

Highlights Fancamp’s Record of Destroying Shareholder Value and Filing False Information with Securities Regulators

Shareholders Urged to Vote Their YELLOW Proxy FOR a New Experienced Board To Revitalize Fancamp

Read this article: Former Fancamp Chairman to Nominate Alternative Slate of Directors

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Profile Defenders Addresses Clients’ Biggest Issues Online

Category : Stocks, World News

Profile Defenders, a Nationally Recognized Online Reputation Management Service That Has Recently Been Featured in the Chicago Tribune, Wall Street Journal, and Other Reputable Publications, Helps Address Clients’ Biggest Issues of False Reviews That Hurt Their Business Online

Excerpt from: Profile Defenders Addresses Clients’ Biggest Issues Online

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Atlanta Bankruptcy Attorneys Debunk Chapter 7 Bankruptcy Myths

Category : World News

Atlanta bankruptcy law firm Clark & Washington separates fact from fiction when it comes to common false beliefs concerning chapter 7 bankruptcy.

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Orlando Bankruptcy Attorneys Separate Chapter 7 Fact from Fiction

Category : World News

Orlando bankruptcy firm Clark & Washington clears up some common false beliefs concerning chapter 7 bankruptcy.

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Fire at Ground Zero skyscraper called a false alarm – USA TODAY

Category : Stocks


USA TODAY
Fire at Ground Zero skyscraper called a false alarm
USA TODAY
By Douglas Stanglin, USA TODAY Update at 9:10 am ET: A reported fire on the 88th floor of the skyscraper under construction at Ground Zero is likely a false alarm, the AP reports. Steve Coleman, a spokesman for the Port Authority of New York and New
New images show changes to base, spire of 1 World Trade Center, formerly Washington Post
NYC firefighters respond to likely false alarm at One World Trade CenterFox News
Fire put out on 88th floor of 1 World Trade CenterNBCNews.com (blog)
Boston.com

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