A panel of the Tenth Circuit today vacated the 72-month sentence Joseph P. Nacchio got for insider trading in the stock of Qwest Communications, where he served as CEO.  The court held that the district court added too many months to the prison hitch by overstating Mr. Nacchio's "gain" from exercising stock options in April and May 2001. 

If you planned to argue a transfer motion to the U.S. Judicial Panel on Multidistrict Litigation, you'd best start getting yourself to Portland, Oregon. 

The JPML scheduled 16 motions — MDL Nos. 2067 through 2082 – in the Mark O. Hatfield U.S. Courthouse from 9:30 a.m. until the arguments finish.

The session will include In re Citigroup

TransAtlantic Cable 
Flag Telecom's stock price sank when its undersea cable business took a dive.  The price dropped to the bottom.  Verily, it slept with the fishes.

One group of stock buyers — let's call it Group A — overpays for a company's stock because the company – Flag Telecom – told a lie — which we'll name Lie A — that misled the market into

Hotels.com logo 
"TM", yes; "®", no.

Blawgletter's heart swells each time a court rules in line with what we think of as common sense.  Today we almost popped a ventricle.

The Federal Circuit provided the cause.  It held that the Trademark Trial and Appeal Board — a branch of the U.S. Patent and Trademark Office — did not err in

A patent for refrigerator shelves — yes, refrigerators need patents, too! — called for a "relatively resilient" frame into which the glass part of the shelf snaps.  The frame must "temporarily deflect[] to accommodate the glass".  But the frame of the ones Saint-Gobain Corporation made came out of a mold hot, snapped onto the glass part