Path: bloom-picayune.mit.edu!snorkelwacker.mit.edu!news.media.mit.edu!americast.com!americast.com!usa-post Newsgroups: usa-today.law From: usa-post@AmeriCast.Com Organization: American Cybercasting Approved: usa-post@AmeriCast.com Subject: law Thu, Jun 18 1992 Date: Thu, 18 Jun 92 05:09:16 EDT Message-ID: 06-18 0000 DECISIONLINE: Business Law USA TODAY Update June 18, 1992 Source: USA TODAY:Gannett National Information Network JURY RULES FOR INTEL: A federal jury in San Jose, Calif., Wednesday ruled that Advanced Micro Devices cannot use Intel's microcode software to market a clone of Intel's 287 chip. The ruling could hurt AMD's plans to market a 486 microprocessor later this year that will be a direct competitor to Intel's existing 486 - the brains of leading-edge personal computers. AMD says it plans to appeal. CABLE BILL OK'D BY PANEL: A House Energy and Commerce panel Wednesday approved a bill that would re-regulate the rates cable television systems can charge consumers. The measure, passed by a 31-12 vote, would subject cable systems to rate regulations by the Federal Communications Commission if they don't face effective competition from other cable outlets. SEC TO CONSIDER PROPOSALS: The Securities and Exchange Commission will meet Tuesday to consider proposals designed to make it easier for people to find information on executive pay in proxy reports. The changes also would make it easier for shareholders to communicate with one another about a company. FRANCHISE BILL HEARINGS BEGIN: John LaFalce, D-N.Y., Chairman of the House Small Business Committee, Wednesday opened hearings on his legislation to toughen regulations on franchise companies. The franchise industry disputed LaFalce's claim it misleads many prospective franchisees on their chances of success. The industry offered a new study showing only 4.4% of franchisees "leave the franchise system" annually. COSTS, PROFITS WOULD BE DETAILED: Hearings opened Wednesday on legislation by Rep. John LaFalce, D-N.Y., that would toghen regulations of franchise companies. The legislation would make franchise companies provide prospective buyers with a written statement on potential costs and profits. It also would make it easier for franchisees to go into federal court to sue national franchise companies for fraud and deception. UNION CHALLENGES RULE: An AFL-CIO study released Wednesday estimated it could cost unions up to $192 million to prove non-member dues aren't being used for political purposes. The dispute centers on a proposed Labor Department accounting rule change related to a court ruling that non-member federal contract workers may be entitled to refunds for union expenditures on non-collective bargaining purposes. DEAL REACHED IN TURNER CASE: Turner Entertainment Pictures and TEC Bounty Exhibition Inc., two Ted Turner-owned companies, Wednesday reached an out-of-court settlement for an undisclosed amount with three persons injured on a promotional property. The case involved injuries suffered while the plaintiffs were aboard the HMS Bounty, a ship owned and operated by companies owned by Ted Turner for promotional use. J-P FILES MOTION TO DISMISS: Jefferson-Pilot Corp. Wednesday filed a motion to dismiss a derivative lawsuit by shareholder Louise Price Parsons. The motion claims the suit was barred by the shareholders' vote at the 1992 annual meeting. Parsons' suit seeks to represent Jefferson-Pilot shareholders and to pursue claims relating to the shareholders' 1990 adoption of a stock grant plan. USA DOES NOT OWE BUSINESSES: The United States owes no damages to firms in Panama that were looted after the 1989 U.S. military invasion, a federal appeals court in Richmond, Va., ruled Wednesday The three-judge panel said the federal government did not violate a 1907 international treaty when U.S. troops failed to prevent the looting by uncontrolled mobs. TRANSWORLD TO PAY $2M: Transworld Recruit in San Francisco will pay $2 million to up to 14,000 people to settle a federal suit that accused it of using code words to discriminate against applicants, it was announced Wednesday. Examples: "See Adam" on an application meant the employer wanted white males only; "See Maurica in suites 25 to 35" meant Japanese women only, ages of 25-35. FED TO HOLD MEETINGS: A series of national meetings about banking regulations begins Thursday at the Federal Reserve Bank in Kansas City. The Federal Financial Institutions Examination Council, which is holding the meetings, is to submit a report to Congress in December on the cost and extra work that regulations impose upon banks. CASINOS TO BE 24-HOURS: In Atlantic City, 24-hour gambling was extended by the casino commission Wednesday, but it stopped short of allowing casinos to remain open round-the-clock seven days a week. Beginning next week, the 12 casinos in the city remain open non-stop, from 10 a.m. Wednesday to 4 a.m. Monday and continue through Sept. 10. Casino officials said the move would boost the sagging casino business. Business Law Editor: Jason P. Smith. (919-855-3491) Making copies of USA TODAY Update (Copyright, 1992) for further distribution violates federal law. This article is copyright 1992 Gannett News Service. Redistribution to other sites is not permitted except by arrangement with American Cybercasting Corporation. For more information, send-email to usa@AmeriCast.COM