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Netflix Claims Former Executive Took Kickbacks on Sales

NEWS
Former Netflix vice president of IT and current Yahoo CIO Mike Kail has been accused in a lawsuit of taking thousands of dollars in kickbacks while he was at Netflix.

Texas Court Rejects Claim That Association’s Lawyer Represents Members

NEWS
A Texas appeals court has rejected an argument that the association’s general counsel had an attorney-client relationship with a member embroiled in a lawsuit.

Connecticut Law Firm Shipman & Goodwin Takes the Lead with ADA-Compliant Website

NEWS
Shipman & Goodwin LLP joins small percentage of law firms nationally to make website content accessible for individuals with sight or hearing limitations. The firm ranks among the nation’s largest law firms on both the National Law Journal’s annual NLJ 350 survey and the Law360 400.

Google Settlement Could Avoid Costly Legal Precedent

NEWS
Google has avoided a potentially costly legal precedent by settling out of court with a former Morgan Stanley banker in an online abuse case due to be heard in Britain’s High Court Nov. 24.

United Technologies CEO Retires, Succeeded By CFO

NEWS
Louis Chenevert, chief executive officer of aerospace and building systems giant United Technologies Corp., is retiring after six years on the job and will be replaced by the company’s chief financial officer.

Top 10 Legal Mistakes Small Businesses Make

NEWS
Forbes magazine offers a list of the top 10 legal mistakes entrepreneurs make and what to do about them (in addition to seeking the advice of an attorney).

Target Tries to Limit Liability to Banks

NEWS
Target Corp. is trying to avoid liability for tens of millions of dollars banks claim to have lost after hackers broke into the retailer’s payment processing systems a year ago.

Video Streaming Service Aereo Files for Bankruptcy

NEWS
Five months after the U.S. Supreme Court invalidated its business model, online video streaming company Aereo Inc. has filed for bankruptcy protection.

Houston E-Discovery Company Raises $10 Million for Expansion

NEWS
E-discovery systems developer CS Disco Inc. of Houston has closed a $10 million Series B fundraising round, the Houston Business Journal reported.

Goldman Fires Two Bankers Over Secret Fed Documents

NEWS
Goldman Sachs Group Inc. fired two of its bankers after one of them allegedly brought secret documents from the Federal Reserve Bank of New York into the firm, Bloomberg News reports.

Arizona Sues GM for $3 Billion Over Recalls, Cites In-House Attorneys

NEWS
Arizona has filed suit against General Motors, claiming that the automaker defrauded the state’s consumers of an estimated $3 billion, The New York Times reports.

Agencies Issue New Guidelines on ‘Pushdown Accounting’

White Paper
The Financial Accounting Standards Board and the Securities and Exchange Commission have issued new guidance on “pushdown accounting,” which involves an acquired organization using the acquirer’s basis of accounting to prepare its financial statements.

Risk Management Controls and Compliance Systems Critical for New Equity Issuers

White Paper
With the IPO market continuing to surge, it’s vital that companies preparing for their IPOs rigorously examine their risk management, controls and compliance infrastructure for a successful offering and to support future growth.

Bank of Tokyo Ordered to Move Compliance Operation

NEWS
Bank of Tokyo Mitsubishi agreed in a settlement with financial regulators Nov. 18 to move its money laundering and sanctions compliance unit from Tokyo to New York.

Ex-Jefferies & Co. Managing Director Has Warning for Court

NEWS
Any business transaction involving simple negotiations could be subject to prosecution, former Jefferies & Co. managing director Jesse Litvak warned an appeals court inn an attempt to have his securities fraud conviction thrown out, Bloomberg Businessweek reported.