law suit

As it became known, Facebook is now suing a professional community for teachers that operates a social networking site for teachers, Teachbook. The website for teachers is accused of unfair usage of the word “book” in its name that creates a strong competition for Facebook.  Sounds weird, doesn’t it?

The beginning of the suit reads:

Baidu is now suing major Chinese security provider, 360, for unfair competition alleging a version of 360's security software flags both Baidu Toolbar and Baidu Address Bar as malware.

As it became known Friday, IBM Corporation is bringing an action in a New York State court against Joanne Olsen, former services division general manager of the company.  

31-year Olsen left IMB to join Oracle by Larry Ellison after the purchase of Sun Microsystems - which put the two firms in more direct competition.

7 of Goldman Sachs’ former private wealth management division executives have been prosecuted by the company for abruptly leaving the company to join the rival Credit Suisse earlier in February, according to the court documents.

JPMorgan Chase & Co has sued a former private banking executive arrested last year in Argentina on criminal charges, accusing him of stealing $2.8 million from a customer's account.

The second-largest U.S. bank filed its civil lawsuit on Monday against former vice president Hernan Arbizu, 17 months after his July 2008 arrest in Buenos Aires.

Vice chairman and executive director Zhang Chunjiang of China Mobile, one of three major state-owned network operators in China and the largest in the world by mobile subscribers, has been prosecuted by Chinese authorities for suspected "serious personal violations".

China Mobile will watch the situation and make further announcements when appropriate about Chunjiang , as it said in a filing with the Hong Kong stock exchange.

As a result of serious glitches of a sales force commission tracking system known as Omega used by Hewlett-Packard three former employees of HP filed a lawsuit against the company.

Last week, The Wall Street Journal broke the story about the Omega commission calculation system not paying employees correctly.