Here is an expert article from Orange County based Lawyer Todd Picker just for the Apollo News Blog…It seems that changing the way dates are recorded and calculated electronically should not be that difficult a task. As a matter of fact, the Y2K issue does not at first blush seem much harder than switching over the time on a Rolex, but sadly, due to the relative age of the computer systems involved and too that computer-generated dates may be the result of information stored in different places within the computer’s memory, very costly review, and in many cases in neededquestion replacement of electronic data processing equipment, computer-related hardware plus software was badly to correct the problem. The overall expense of modifying them prior to the tirn of the century date rolled over to the year 2000 arrived, therefore, was enormous. Orange County and need a qualified Orange County Accident Attorney then call the Law firm of Todd Picker as he is a first rate and effecient Orange County Accident Attorney and can help with so many types of accident related cases.
While commentators speculated as to the potential affects the Y2K problem might have on commerce and day-to-day life, a general consensus emerged that a large volume of undesirable and counter-productive litigation would result. Consequently, in the United States resolving the Y2K issue necessarily encompassed taking into account the anticipated legal consequences arising from the problem. Congress responded by enacting the “Y2K Act”.’ The legislation’s purpose is described as follows:
1. See 15 u.s.c. 6601 et seq.
[2000) I.C.CL.R. ISSUE 4 © SWEET & MAXWELL LIMITED [AND CONTRIBUTORS)
[T]he purposes of this Act are-(l) to establish uniform legal standards that give all businesses and users of technology products reasonable incentives to solve year 2000 computer date-change problems before they develop; (2) to encourage continued remediation and testing efforts to solve such problems by providers, suppliers, customers, and other contracting partners; (3) to encourage private and public parties alike to resolve disputes relating to year 2000 computer date-change problems by alternative dispute mechanisms in order to avoid costly and time-consuming litigation, to initiate those mechanisms as early as possible, and to encourage the prompt identification and correction of such problems; and (4) to lessen the burdens on interstate commerce by discouraging insubstantial lawsuits while preserving the ability of individuals and businesses that have suffered real injury to obtain complete relief. Now, that is complicated, it really takes an attorney to understand it all.
This story is a tad off topic, yet I just got back from Chicago and wished to write about this story: Michael Lauer, the hedge fund manager who has been on trial has been found guilty by a Miami U.S. District Court Judge Kenneth A. Marra of defrauding investors during the years of 1999 and 2002 totaling more than five hundred million dollars. He must not have had a very good lawyer I would gather to guess.
Judge Marra found in a sixty-seven page order that Lauer had manipulated the prices of 7 different securities. These were a large part of the funds portfolios, which he didn’t provide a basis for such exceptionally high valuations. The Judge in question also found that he lied to investors about the hedge funds holdings. As the head of the Lancer Management Group and Lancer Management Group II, his actions were premeditated and resulted in the loss of millions and millions worth of investor’s hard earned funds. I realize that no one really suffered personal bodily injury per say but what about the emotional scars?
All in all, a ruling has not been given on the amount that Lauer will have to pay back to his victims. That amount is pending an evidentiary hearing and a fine amount decided by the Securities Exchange Commission which has to be made within sixty days or so. By the way if you happen to live in Chicago or the surrounding region and need a top drawer
Chicago Personal Injury Lawyer then I strongly wish to suggest the Budin Law offices as he is one of the finest Chicago Personal Injury Lawyer around that whole area.
The criminal trial for Lauer will begin in April for the charges in the hedge fund and according to his lawyer stated that Lauer will be pleading not guilty and will fight the charges at trial. The lawyer who is representing Lauer is Norman Moscowitz.
Adobe had an event “Flash On The Beach” in which they made public that they are now developing a flash player for the iPhone. This comes following various statements by Steven Jobs, stating that the current version of flash for the iPhone is not quite good enough.
This Adobe flash may not be seen right away until it is developed to work correctly with the iPhone and Apple determines what apps make it into the App Store. It may not actually be seen in the near future since Flash has the ability to cause CPU overload on computers and on smartphones.
Meanwhile in related news, the technology firm from Finland which produces the Nokia cell phones has just released their latest the 5800 Xpressmusic phone. All in all, this is the very first touch screen phone the company has released and with it they are setting their sights on competing for a part of the digital music market that the Apple corporation currently dominates.
This particular phone will be made available to customers for free when they sign a service contract, which will place certain pressures on Apple’s iPhone. According to Jo Harlow the head of the phones, they think that they will listed with most of the mobile firms in due time.
Meanwhile in official statements from the Nokia Corporation as part of their free music bundle they have named “Comes with Music”, they claim to have all the major music labels and many of the independent labels with as many as five million tracks.
They also have plans of offering their music service in America next year in competition with the Apple Corporation, which now is in control of more than half of the digital music sales with iTunes.
