Law firm hosts HR training seminar
Miller Canfield has announced the details of its training seminar for human resource professionals, corporate counsel and business executives.
The annual HR Spring Training Employment Law Seminar will be held on Thursday, May 12, from 8 a.m.-3:30 p.m. at the MSU Management Education Center in Troy.
The all-day seminar is $95 and includes continental breakfast, lunch and seminar materials.
Advance reservations are required.
The program has been approved for 5.0 credit hours towards PHR, SPHR and GPHR recertification through the Human Resource Certification Institute (HRCI).
RSVP at millercanfield.com/EmploymentLawSeminar or to Virginia Herrick at 313.496.7548.
Pension boards sue over financial manager law
DETROIT (AP) — The City of Detroit’s two pension boards have filed a lawsuit seeking to block the state’s new emergency financial manager law, calling it unconstitutional.
The Detroit News and the Detroit Free Press report the lawsuit was filed this week in U.S. District Court in Detroit and names Gov. Rick Snyder and Treasurer Andy Dillon. The lawsuit claims that emergency financial managers could remove pension board members for no reason.
Snyder’s office says the governor believes in the constitutionality of the law, otherwise he wouldn’t have signed it.
Settlement approved in case against broker
OMAHA, Neb. (AP) — More than 200 investors who claim they were defrauded by a pair of Nebraska City brokers will share $30 million in a settlement with one of them.
The settlement was approved recently in a class-action lawsuit brought by former clients of Rebecca Engle and Brian Schuster in federal court.
Engle has pleaded guilty to two counts of securities fraud in a separate criminal case, and Schuster is scheduled to stand trial next month on eight counts.
Several lawsuits and arbitration claims have been filed against them and their former employers accusing Engle and Schuster of improperly selling risky investments.
The $30 million settlement is between the investors and Schuster, a former Nebraska football player.
Jury awards $2.3B in trade secrets case
MINNEAPOLIS (AP) — St. Jude Medical Inc. said Tuesday a Los Angeles jury awarded it $2.3 billion in a lawsuit against a former employee of its heart device business and a Chinese company he founded.
The company had said Yongning Zou stole trade secrets from the Pacesetter cardiac rhythm device unit, and tried to use those secrets to set up his own company, Nervicon Co. St. Jude said the jury returned a $1.47 billion judgment against Zou and an $868 million judgment against Nervicon on Friday.
St. Jude said the court had issued an injunction against Zou and Nervicon to prevent them from using or disclosing any trade secrets or confidential or proprietary information from St. Jude. The injunction was issued in November.
St. Jude is one of the world’s largest medical device companies, and products like pacemakers and implantable heart defibrillators bring in more than half its revenue.
The company reported $3.05 billion in cardiac rhythm device sales in 2010.
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