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Enemies Unite Against Software Regulation
Headline Legal News |
2009/07/21 09:58
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According to The Recorder, Microsoft and Linex have put their differences aside to come together against new rules against software contracts announced by The American Law Institute.
One of the most controversial parts of those rules is one stating that companies must guarantee consumers that there are no hidden flaws in their product. Some lawyers are saying this could lead to liability issues because most software is inherently flawed.
"It creates an unrealistic standard and a lot of litigation," said Mark Radcliffe, a DLA piper lawyer who's worked to oppose the rules proposed in mid-May. "Any project that has Microsoftand Linux on the same side, you know there's something wrong."
The Principles of Law of Software Contracts, as they are called, are not law, but do serve to guide judges who often cite them in decisions. |
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Investment Fraud Litigation |
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Securities fraud, also known as stock fraud and investment fraud, is a practice that induces investors to make purchase or sale decisions on the basis of false information, frequently resulting in losses, in violation of the securities laws. Securities Arbitration. Generally speaking, securities fraud consists of deceptive practices in the stock and commodity markets, and occurs when investors are enticed to part with their money based on untrue statements.
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