BRIEFCASE IMMERSION AWARD TOTALS $82 MILLION.Byline: - Staff and Wire Services SAN JOSE San Jose, city, United States San Jose (sănəzā`, săn hōzā`), city (1990 pop. 782,248), seat of Santa Clara co., W central Calif.; founded 1777, inc. 1850. - Immersion Corp., a small firm that develops and licenses touch-related technologies, has been awarded $82 million after winning a patent infringement patent infringement n. the manufacture and/or use of an invention or improvement for which someone else owns a patent issued by the government, without obtaining permission of the owner of the patent by contract, license or waiver. lawsuit against PlayStation maker Sony Corp. A federal jury on Tuesday agreed that Sony's popular video-game consoles as well as its DualShock controllers and 47 games infringed on two Immersion patents. The panel, however, did not find the violations to be willful - a factor that could have tripled damages. Immersion applauded the verdict, even though it was awarded far less than the $299 million it sought in the suit first filed in 2002 against Sony Computer Entertainment Inc. and Sony Computer Entertainment America. Charges against ex-CEO unsealed NEW YORK New York, state, United States New York, Middle Atlantic state of the United States. It is bordered by Vermont, Massachusetts, Connecticut, and the Atlantic Ocean (E), New Jersey and Pennsylvania (S), Lakes Erie and Ontario and the Canadian province of - Sanjay Kumar, the former CEO (1) (Chief Executive Officer) The highest individual in command of an organization. Typically the president of the company, the CEO reports to the Chairman of the Board. of Computer Associates International Inc., has been charged with securities fraud conspiracy and obstruction of justice A criminal offense that involves interference, through words or actions, with the proper operations of a court or officers of the court. The integrity of the judicial system depends on the participants' acting honestly and without fear of reprisals. in connection with a multibillion- dollar accounting scandal at the software company. The charges were unsealed Wednesday after the company agreed to pay $225 million to shareholders in a settlement that allows it to defer criminal prosecution. An independent monitor will examine the company's financial reporting for at least 18 months. If the monitor finds Computer Associates is in compliance with its agreement with the Department of Justice, the company will avoid prosecution. The agreement also settles securities fraud charges brought by the Securities and Exchange Commission. Fannie Mae Fannie Mae: see Federal National Mortgage Association. woes drive shares down WASHINGTON - Regulators have found serious accounting problems at mortgage giant Fannie Mae, prompting an inquiry by the Securities and Exchange Commission and calling into question its financial soundness, the company disclosed Wednesday. Its shares dropped nearly 7 percent. In at least one instance, the regulators found, it appeared that the government-sponsored company put off some accounting for expenses to a future reporting period to meet earnings targets that brought bonuses for executives. The Fannie Mae board has named a special committee of outside directors to respond to the allegations by the Office of Federal Housing Enterprise Oversight. Fannie Mae is the second-largest U.S. financial institution behind Citigroup Inc. Cigarette makers deny conspiring WASHINGTON - Lawyers for the leading cigarette makers acknowledged Wednesday that the companies sell dangerous and addictive products, but never conspired to hide those hazards. The government is suing the industry for $280 billion that the companies allegedly made by deceiving the public about the hazards of smoking and efforts to get children hooked. Lawyer Dan Webb, representing Philip Morris, said the company ``may have made mistakes in the past'' but that they did not constitute fraud. Webb and others cited marketing efforts that were perceived as overly aggressive and sticking with claims that ultimately proved to be wrong. But the lawyers said the companies did not knowingly deceive consumers or conspire con·spire v. con·spired, con·spir·ing, con·spires v.intr. 1. To plan together secretly to commit an illegal or wrongful act or accomplish a legal purpose through illegal action. 2. to do so, as the government alleges. CBS (Cell Broadcast Service) See cell broadcast. faces record $550,000 penalty WASHINGTON - CBS got the bill Wednesday for Janet Jackson's eye-catching flash dance during the Super Bowl halftime show: a record $550,000. The Federal Communications Commission Federal Communications Commission (FCC), independent executive agency of the U.S. government established in 1934 to regulate interstate and foreign communications in the public interest. voted unanimously to fine each of the 20 CBS-owned television stations $27,500, which is the maximum penalty for indecency INDECENCY. An act against good behaviour and a just delicacy. 2 Serg. & R. 91. 2. The law, in general, will repress indecency as being contrary to good morals, but, when the public good requires it, the mere indecency of disclosures does not suffice to exclude . The singer's right breast was briefly exposed to millions of television viewers during the show. The fine is the largest against a television broadcaster. |
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