Posts Tagged ‘c-corp’
Wednesday, January 7th, 2009

Wal-Mart has has reached a settlement of a wage and hour class action against Wal-Mart in Minnesota captioned Braun et al. v. Wal-Mart, Inc. et al.
The class includes approximately 100,000 current and former hourly associates who worked at Wal-Mart Stores and Sam’s Clubs locations in Minnesota from September 11, 1998 through November 14, 2008, and the settlement provides for payment by Wal-Mart of up to $54.25 million, including a substantial payment to the State of Minnesota. Also, as part of the settlement, Wal-Mart has agreed to maintain various electronic systems, surveys, and notices that will further compliance with wage and hour policies and Minnesota laws. The settlement is subject to approval by the trial court, and the exact amount paid to class members will depend on the court’s approval as well as on the number and amount of claims that are submitted by class members.
All parties believe this settlement is fair and reasonable for all concerned. “We are satisfied with this settlement, gratified that these hourly workers will now be paid after seven years of litigation, and happy that the State of Minnesota will receive the largest wage and hour civil penalty in its history,” said Justin Perl, of the Minneapolis law firm of Maslon Edelman Borman & Brand, co-lead counsel for the class. Wal-Mart spokesperson David Tovar added, “Wal-Mart is pleased that the court in Minnesota ruled in its favor on many claims. Our policies are to pay every associate for every hour worked and to make rest and meal breaks available for associates. Any manager who violates these policies is subject to discipline, up to and including termination. We remain committed to providing good jobs with real career opportunity to the 1.45 million U.S. associates who choose to work for Wal-Mart and serve our customers every day.”
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Posted in Patents | No Comments »
Monday, January 5th, 2009

FreePatentsOnline.com has launched an informational site, www.citepatents.com, to help bloggers, journalists and others easily reference patent information, and to provide a free patent search box for adding to websites with a single mouse click.
Due to an impartial, peer-reviewed nature, patents are an important, frequently cited source of highly detailed, accurate technical information. Patents are uniquely powerful in citation; any writer on the web who refers to a patent with a hyperlink is footnoting a highly-credible document.
“Across the international spectrum, tens of millions of patents now exist, going back hundreds of years,” said Erik Reeves, CEO of FreePatentsOnline. “It is a profoundly broad database of how things work, from every continent. Citing a patent with FPO is easy, because the FPO URL taxonomy is crystal clear.”
For example, RIM, the firm behind the BlackBerry, may have avoided its patent infringement lawsuit and settlement payment of $612.5 million to Annandale, Virginia-based NTP by simply searching CitePatents.com or FreePatentsOnline.com for an electronic mail system with RF communications to mobile processors patent. The result is http://www.freepatentsonline.com/6317592.html.
“I always reference FPO when I cite patents,” said Blaise Mouttet of the TinyTechIP blog. “They have the best interface and features in the inventions-database space, and as soon as they made their search capability available outside their site, I placed it on my blog right away, as a service to my readers.”
At CitePatents.com, the html behind the FPO SearchBox can be grabbed and placed on a website or blog. Also, CitePatents.com has information on the differences between patents and patent applications, patent numbering, and the taxonomy of a patent document.
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Posted in Patents | No Comments »
Friday, January 2nd, 2009

I prefer to report about when patents are utilized properly as opposed to simply being the focus of lawsuits, and that is what occurred this past week.
Frontier Communications and Ronald A. Katz Technology Licensing, L.P., headquartered in Los Angeles, announced today the settlement of patent litigation between the parties. As part of the settlement, Frontier Communications Corporation has agreed to pay an undisclosed sum for a nonexclusive license under a comprehensive portfolio of patents that Katz owns relating to interactive voice applications.
The patents held by Ronald A. Katz Technology Licensing, L.P. cover a wide range of interactive technology including automated forms of: customer service, prescription refill services, securities trading, merchandising, prepaid services, telephone conferences, registration, home shopping, as well as functions involved in securing information from databases by telephone, interactive cable transactions, and various other uses of toll free and local numbers.
Ronald A. Katz stated, “We welcome Frontier Communications Corporation to the group of leading telecommunications companies who have purchased a license under this portfolio.”
Mr. Katz is the named inventor on a large number of patents primarily in the fields of telecommunications and computing. He also formed Telecredit, Inc., the nation’s first on-line real time credit and check cashing authorization system, and was awarded a patent as co-inventor of that technology.
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Posted in Patents | No Comments »
Wednesday, December 31st, 2008
Here is to a successful and prosperous 2009 from the entire Vcorp Services team!

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Posted in Industry News | No Comments »
Monday, December 29th, 2008
When we talk about patents it is usually referencing a patent infringement lawsuit, however I thought (given the Holiday Season), that it would be great to talk about what happens when patents are utilized prior to a lawsuit!
General Patent Corporation (GPC) announced today on behalf of its client, Digital Technology Licensing LLC (DTL), that it has licensed a key cell phone patent to Sony Ericsson Mobile Communications AB (Sony Ericsson).
DTL owns U.S. Patent No. 5,051,799 titled “Digital Output Transducer” (Patent), which is an essential patent for Adaptive Multi-Rate (AMR) codec and other cellular communication standards. The patented technology is also used to assure backward compatibility of cell phone handsets and base stations. Other applications of this patented technology include Bluetooth headsets.
“We are very pleased to grant a license to Sony Ericsson,” said Paul Lerner, GPC’s Sr. Vice President and General Counsel. “We will continue with our efforts to license this key patent and to vigorously enforce the intellectual property rights of our client,” he concluded.
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Posted in Patents | 1 Comment »
Friday, December 26th, 2008

With the the year coming to a close, there has been a flurry of settlements coming from the legal community.
This past week, Acacia Research Corporation announced that its Hospital Systems Corporation subsidiary resolved litigation with Philips Electronics North America Corporation pending before the United States District Court for the Eastern District of Texas.
The litigation related to a portfolio of patents that apply to medical picture archiving and communication system (PACS) technology.
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Posted in Industry News, Legal | No Comments »
Wednesday, December 24th, 2008

Patent lawsuits sometimes take years to become resolved, however very few of them take a decade. I just this come across the wire, A real-life David vs. Goliath story unfolded last week in Chicago when a Federal jury on Friday awarded a $23 million verdict to Jacob Krippelz, Sr. in a patent infringement lawsuit against Ford Motor Co. His patent, on an automotive lighting system used in exterior rear view mirrors, was issued in 1991.
The verdict came 10 years after Krippelz first sued Ford in the United States District Court for the Northern District of Illinois. Krippelz is the 77-year-old Chief Executive Officer of Jake’s, Inc., a machining and heavy equipment component manufacturing company in Aurora, Illinois.
Krippelz was represented in the trial by Mark Ferguson, Adam Mortara and Hamilton Hill, all of Bartlit Beck Herman Palenchar & Scott LLP of Chicago. James Ryndak and Mark Suri of the patent firm Ryndak & Suri LLP of Chicago also represented Krippelz in the litigation.
“This is the culmination of a very long fight for Jake Krippelz,” said Ferguson, “and we are pleased to have been able to help him finally vindicate his patent rights.”
“It is an especially gratifying result,” said Ryndak, “because it shows that a hard-working individual like Jake Krippelz with a patented invention can prevail against even one of the largest corporations in America.”
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Posted in Judgments, Patents, lawsuit | 1 Comment »
Monday, December 22nd, 2008

Canadian infrastructure is in crisis. In a special five part series – Rebuilding Canada – Canwest News Service explored the critical infrastructure issues facing cities. The series takes an in-depth look at the realities and the dollars behind Canada’s infrastructure crisis including:
- A study by economic forecasting firm Informetrica estimates that every one billion dollars invested in infrastructure would create the equivalent of 11,000 jobs, including 5,500 in the construction sector.
- The Canadian Federation of Municipalities estimates that our cities need $123 billion to bring essential public infrastructure up to acceptable levels; and another $115 billion to meet the needs of a growing population.
- Canada’s social infrastructure (pools, libraries, arts centres, community halls) is estimated to be in need of a $40.2 billion dollar boost to maintain and grow to meet the needs of an expanding population.
- The average Canadian produced more than 1,000 kilograms of garbage in 2006 and we’re running out of places to put it. A number of Canadian provinces have major projects in place to convert and compost that waste into renewable resources.
- Transit initiatives in six of Canada’s largest cities will transform the way commuters move between work and home. Toronto, Vancouver, Calgary, Edmonton, Ottawa and Montreal all have billion dollar projects planned.
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Posted in Industry News | No Comments »
Friday, December 19th, 2008

Despite economic concerns, businesses will continue to invest in key marketing programs in the coming year, according to a 2009 Marketing Outlook survey released today by StrongMail Systems, Inc., the leading provider of commercial-grade solutions for marketing and transactional email. Results show that more than half (51 percent) of the nearly 1,000 global business leaders polled plan to increase their marketing budgets in 2009 to focus on programs that yield a higher return on investment (ROI), such as email marketing and search, while many will decrease spending on costly, less targeted programs like advertising and trade shows.
StrongMail’s 2009 Marketing Outlook survey found that only 37 percent of those polled expect to see a decrease in sales in 2009 due to current economic conditions; 22 percent believe their customers will spend about the same in 2009 as in 2008; and 19 percent think their customers will spend more next year.
Respondents across industries, with strong representation in retail, financial services, technology, and media and entertainment sectors, indicate that they plan to direct marketing budgets towards more personalized programs that will enable them to compete more effectively for customer dollars. As such, nearly three-quarters (73 percent) of companies that plan to increase marketing budgets in 2009 will bolster email marketing programs, while 44 percent will add dollars to their search marketing campaigns. Those professionals decreasing budgets in 2009 will cut spend on marketing programs that don’t typically generate as lucrative a return, such as advertising (29 percent) and trade shows (19 percent). Only four percent of companies surveyed plan to cut email marketing budgets.
“Despite additional campaign costs, relevant campaigns increase net profits by an average of 18 times more than do broadcast mailings,” writes JupiterResearch vice president and research director David Daniels in the ‘The ROI of E-Mail Relevance Report’ (2005). “In addition, the use of Web analytics to target email campaigns improves revenue by nine times more than does the use of broadcast mailings.”
According to the StrongMail poll, nearly all businesses (81 percent) will either use the information available to them via customer databases, analytics tools or other resources to send more relevant emails to customers and prospects in 2009, or are currently considering tools to help them do so. Additionally, a significant number of organizations plan to experiment with new programs in 2009 to raise visibility and increase sales, like offering free-trials, promoting product giveaways and integrating social media strategies.
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Posted in Marketing | 1 Comment »
Wednesday, December 17th, 2008

If you are like me and believe that proper organization is a prerequisite to success, then you will be happy to hear that the State of New Jersey may be establishing a court segment focused specifically on business cases. A Bill was introduced on December 10th that would make this possible.
This business court would cover the following types of cases:
- Business Contract Law
- The Uniform Commercial Code
- Banking
- Insurance
- Commodities
- Securities
- Corporations
- Non-profits
- Partnerships
- Limited liability entities
- Trusts
- Competition among businesses
- Reorganizations
- Dispositions of businesses
- Business combinations
- Shareholder, partner and member disputes
- Intellectual property matters
- Non-competes
- Employment agreements
Considering that this court would have judges knowledgeable regarding all forms of corporate disputes, this could prove to be a successful model for the rest of the country to follow. New Jersey already has a court designated for tax law, setting up a Business Court was the next logical step for the legislature to establish. From all reports this bill should pass with little resistance.
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Posted in Industry News, Legal | No Comments »