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Kilpatrick Stockton Partner Moves Locations
Law Firm News | 2007/01/29 10:17
WINSTON-SALEM -- Kilpatrick Stockton announced that W. Randy Eaddy, a Corporate Department Partner in the firm’s Atlanta office, has moved his practice to Winston-Salem. Mr. Eaddy, with over 25 years of experience in the corporate legal arena, has been with Kilpatrick Stockton since 1992.

This news comes after the firm announced last year that Partner Jeffrey Skinner joined the Winston-Salem Corporate Department after practicing in the firm’s Raleigh office.

“Randy is an outstanding addition to the Winston-Salem office,” said Steve Berlin, Kilpatrick Stockton Executive Committee Member. “Randy’s extensive experience with sophisticated corporate finance and securities transactions will continue to be an incredible resource for all clients and firm attorneys. I have had the privilege of working with Randy for many years and I look forward to him now being just down the hall.”

“I am honored and excited to be a part of the Winston-Salem office, and join forces more directly with our colleagues here to serve the burgeoning business community of the Triad,” said Randy Eaddy. “Over the years, I have always enjoyed working with all firm offices, but especially Winston. This office offers exceptional opportunities. The caliber and diversity of work for existing clients and the potential for others, the commitment to the community, and the esprit de corps throughout the office, all played an important role in my decision to relocate to the Triad.”

Mr. Eaddy’s broadly based practice includes particular emphasis on registered securities offerings, venture capital financings, mergers and acquisitions and other project transactions, and securities law disclosure and compliance matters for public companies. He is a counselor and advisor to executives and directors on myriad strategic decisions for managing their businesses to produce value for their internal and external constituents. Mr. Eaddy has been listed for several years in The Best Lawyers in America® for Corporate Law. Additionally, he was named as one of 2004's "100 Most Influential Georgians" and is recognized as one of Georgia’s "Legal Elite" by Georgia Trend Magazine.

Mr. Eaddy is a 1979 graduate of the Harvard Law School, where he served as an Editor of the Harvard Law Review. He was graduated summa cum laude from Furman University in 1976, where he majored in Political Science and received numerous honors and awards, including election to Phi Beta Kappa, the Blue Key National Honor Society, and Furman's Quaternion Society.

Mr. Eaddy, who chairs Kilpatrick Stockton’s Diversity Council, and is recognized as a thought-leader on diversity in the legal profession, is the principal author of the chapter on "Diversity" in the Thomson/West multi-volume treatise Successful Partnership Between Inside and Outside Counsel. He has published several articles in legal journals, chaired or served as a lecturer and panelist on numerous programs for the continuing legal education of lawyers, and participated as moderator or discussant for academic symposia.

With almost 100 of its 500 lawyers in its Corporate Department, Kilpatrick Stockton brings depth and experience to all aspects of corporate legal issues.

ABOUT KILPATRICK STOCKTON
Kilpatrick Stockton LLP is a full-service international law firm with more than 500 attorneys in nine offices across the globe: Atlanta and Augusta, GA.; Charlotte, Raleigh and Winston-Salem, NC.; New York, NY; Washington, D.C.; London, England; and Stockholm, Sweden. Kilpatrick Stockton's delivery of innovative business solutions provides results-oriented counsel for corporations, from the challenging demands of financial transactions and securities to the disciplines of intellectual property management. Collaboration among Kilpatrick Stockton's corporate, litigation and intellectual property attorneys provides knowledgeable and proactive guidance for companies at every stage of the business life cycle.

For more, go to
www.kilpatrickstockton.com.


Dutch citizen extradited to US for Iraq crimes
International | 2007/01/28 09:19

The Netherlands Justice Ministry has extradited Dutch citizen Wasem al Delaema to the US for his role in attempted killings of US soldiers in Iraq during October 2003, according to the Ministry on Saturday. The extradition follows a ruling by the Appeals Court in The Hague that al Delaema could be extradited for the terror attacks, saying the Court expected the US to observe the prisoner's rights. The US Dept. of Justice (DOJ) asserts that al Delaema will face trial in federal district court rather than a military commission and that he potentially may serve any sentence in the Netherlands, which could be a maximum of life imprisonment. Al Delaema's trial will be the first for a person accused of terrorist activities in Iraq during the war in that country.

Dutch authorities captured al Delaema in the Netherlands in May 2005. The DOJ charged al Delaema in July 2005 after he was seen on a videotape obtained by Dutch prosecutors showing the insurgency group Fighters of Fallujah how to set landmines near US military routes; however, al Delaema claims he was forced to appear on the videotape after being beaten. Al Delaema was indicted in September 2005 on four conspiracy charges in addition to several charges related to possession and training in the use of explosives.



Federal court rules against EPA
Court Watch | 2007/01/27 11:34

The Environmental Protection Agency must force power plants to protect fish and other aquatic life even if it's expensive, a federal appeals court said in a ruling favoring states and environmental groups.

The decision late Thursday by the 2nd U.S. Circuit Court of Appeals concluded that it was improper for the EPA to let power plants circumvent environmental laws - for instance, restocking polluted water with new fish instead of paying to upgrade their technology.

It said the EPA's decisions must "be driven by technology, not cost," unless two technologies produce essentially the same benefits but have much different costs.

"EPA's goal is to protect fish and the ecosystem while meeting the nation's need for reliable energy sources," said Benjamin H. Grumbles, the agency's assistant administrator for water. The agency was reviewing the decision, he said.

The ruling drew praise from environmental groups and six states that had sued.



ACLU urges court to hear case
Legal Business | 2007/01/27 11:32

The American Civil Liberties Union is urging a federal appellate court to continue its challenge to the Bush administration's domestic spying program.

The Bush administration appealed to the court after a federal judge in Detroit ruled the program was unconstitutional.

But the administration now says the case is moot and should be dismissed since the surveillance is monitored by a secret court.

Attorney General Alberto Gonzales has said the judges who oversee the program are reviewing applications to spy on people believed to be linked to al-Qaida, and there is no longer any controversy.

But the A-C-L-U says the administration might return to surveillance outside the secret panel without a court order against it.



Spain seeks broader EU constitution
International | 2007/01/27 11:30

Spain Foreign Minister Miguel Angel Moratinos argued for an expanded European constitution in his opening statement at the “Friends of the EU Constitution” summit that got under way in Madrid Friday. The summit is only open to delegates from the 18 countries that already have ratified the constitution, as well as delegates from Ireland and Portugal, where ratification is strongly supported and seems likely, and seeks to find ways to convince countries that have not ratified the constitution to do so. Moratinos advocated a more comprehensive constitution that could address topics such as immigration, climate change, and defense.

While most summit delegates argued against modifying the constitution, others agreed with Moratinos, and said that the current text is at the threshold for being so minimalist that any further reductions would destroy the worth of the document entirely. Of the countries that have not ratified the current text, several have advocated significant reductions.



Fox Sues YouTube Over Illegal Uploads
Intellectual Property | 2007/01/27 08:38

20th Century Fox served YouTube with a subpoena Wednesday, demanding that the Google-owned viral-video site disclose the identity of a user who uploaded copies of entire recent episodes of "24" and "The Simpsons."

The subpoena, which first came to light on the blog Google Watch, was granted by a judge in U.S. District Court in San Francisco after being filed Jan. 18 by the News Corp.-owned studio. It is not yet known whether YouTube has complied with the request.

In addition, lesser-known video site LiveDigital was served with a similar subpoena. A spokesman for LiveDigital confirmed the company received the subpoena and intended to comply immediately.

A Fox spokesman confirmed the subpoenas were filed and served but declined further comment. A spokesman for YouTube declined comment.

The "24" episodes in question actually appeared on YouTube before their primetime Jan. 14 premiere on the Fox broadcast network, which spread four hourlong episodes of the hit drama over two consecutive nights. Fox became aware thst the episodes were on YouTube on Jan. 8, according to the subpoena.



SEC Sues 21 Year Old For Online Securities Fraud
Securities | 2007/01/27 07:37
The United States Securities and Exchange Commission today filed a complaint in the United States District Court for the Middle District of Florida charging twenty-one year old Aleksey Kamardin with participating in a fraudulent scheme to manipulate the prices of numerous stocks through the unauthorized use of other people’s online brokerage accounts.

The complaint alleges that between July 13 and August 25, 2006, Kamardin, or others acting in concert, commandeered the online trading accounts of unwitting investors at various broker-dealers, liquidated existing equity positions and, using the resulting proceeds, purchased thinly traded stocks in order to create the appearance of trading activity and pump up the price of the stocks. The complaint further alleges that in seventeen instances, Kamardin, in his own account, bought shares in the thinly traded issuer just prior to or at the same time that compromised accounts were made to buy shares, creating the false appearance of market activity. Shortly after the intrusions, Kamardin sold all of his shares at the inflated prices. In all but three of these instances, Kamardin realized a profit from his trading, netting a total profit of $82,960.

The Commission’s action charges Kamardin with violations of Section 17(a) of the Securities Act of 1933, Section 10(b) of the Securities Exchange Act of 1934 and Rule 10b-5 thereunder, and seeks permanent injunctive relief, disgorgement and civil money penalties.

The SEC’s Office of Investor Education and Assistance has previously issued an investor alert, available on the SEC’s website, which provides tips for avoiding becoming a victim of an online intrusion.

See http://www.sec.gov/investor/pubs/onlinebrokerage.htm.


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