PROFNET EXPERT ALERTS: North Korea / Patent Law / Commercial Bankruptcy
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1. Defense: North Korea Testing ICBM System
2. Law: Business Partnerships Should Prepare for Compensation Reform
3. Law: Commercial Bankruptcy Filings Continue to Increase
4. Law: New Financing Strategy for Small Inventors Seeking Patent Justice
1. DEFENSE: NORTH KOREA TESTING ICBM SYSTEM. LT. GEN. MICHAEL M. DUNN, USAF (Ret.), is available for interviews in Denver on Wednesday, Nov. 4, to discuss North Korea: "North Korea has been building missile silos in the mountains and will deploy an ICBM system that will be for sale. We need to counter with a robust missile defense system instead of cutting back, and keep a strong presence on the peninsula. We also need to put pressure on the regime by cracking down on their illicit activities and sale of military hardware around the world." Dunn is president/CEO of the Air Force Association in Arlington, Va., a nationwide grassroots nonprofit organization that also administers the national Air Force Memorial. He was the lead negotiator with the North Korean Army at P'anmunjom, and has been interviewed several times on national television on topics such as North Korea and missile defense. He can also address TRICARE and how it relates to healthcare and the current Tanker debate. News Contact: Joel Hannahs, +1-703-247-5847 (11/4/09)
2. LAW: BUSINESS PARTNERSHIPS SHOULD PREPARE FOR COMPENSATION REFORM. ROGER AKSAMIT, attorney at THOMPSON & KNIGHT: "Business partnerships of all types need to seriously explore their options for incentive compensation and even consider converting to corporate structures, as there appears to be growing support in Washington for increasing tax rates on the 'carried interest' structure that is common to many partnerships, beyond just hedge funds and other money fund arrangements. Currently, this income is taxed at the lower capital gains rate, rather than as ordinary income, but proposed changes would more than double that rate -- and raise an estimated $24 billion in revenue during the next decade. This far-reaching concept is being viewed as a way to create tax equity and fund other federal economic initiatives." News Contact: Barry Pound, barry@androvett.com Phone: +1-800-559-4534 (11/3/09)
3. LAW: COMMERCIAL BANKRUPTCY FILINGS CONTINUE TO INCREASE. DAVID M. SCHILLI is an attorney with ROBINSON, BRADSHAW & HINSON in Charlotte, N.C., who practices in the areas of bankruptcy and commercial and corporate litigation: "Following one of the most unstable economic climates in decades, commercial bankruptcy filings continue to increase to levels not seen in many years, as asset values decrease and little, if any, credit is available. Economic indicators suggest that the recession may recently have ended, but the unfortunate reality is that organizations are going to continue to struggle financially until credit becomes more readily available." News Contact: Michael Henry, mhenry@wrayward.com Phone: +1-704-926-1364 (11/3/09)
4. LAW: NEW FINANCING STRATEGY FOR SEEKING PATENT JUSTICE AND COMPENSATION FOR SMALL INVENTORS WHOSE IDEAS GET INFRINGED. DR. ALEX POLTORAK, chairman and CEO of GENERAL PATENT CORPORATION, co-author of two books on intellectual property, and U.S. patent expert: "Because high legal fees deter many independent inventors and small technology entrepreneurs from seeking resolution from giant patent infringers, a novel and ingenious method of securing justice and compensation is to get a third party to help finance the cost so the inventor doesn't have to come up with the money himself." Poltorak is located in Suffern, N.Y., and speaks Russian fluently. News Contact: Joel Strasser, jjas888@aol.com Phone: +1-732-415-7556 (11/3/09)
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