Silicon Laboratories settles patent suit with California company
Austin-based chipmaker Silicon Laboratories Inc. has reached a settlement on its patent lawsuit with MaxLinear Inc. of Carlsbad, Calif. Each company had accused the other of patent infringement involving a few of their products.
As part of the settlement, each company has granted the other a license to its patents covering the “accused products.” The two companies have agreed to settle their legal disputes and not to sue one another for three years.
Silicon Labs develops “mixed-signal” chips for a wide range of uses.
Austin’s Asure Software gains full Nasdaq compliance
Austin-based Asure Software Inc. said it has gained full compliance with Nasdaq in order to remain a listed stock on the Nasdaq Stock Market.
The company raised $3.2 million in a private placement in May to bolster its capital. Shareholders voted to approve that new capital infusion in September. Asure makes cloud-based time and labor management and workspace management software that help businesses control operating costs tied to labor, real estate and technology.
Fraud trial to begin for ex-Madoff employees
NEW YORK — The longtime secretary of imprisoned financier Bernard Madoff and four other back-office subordinates of the Ponzi king are going to trial Tuesday as the government for the first time shows a jury what it has collected in its five-year probe of one of history’s biggest frauds.
The trial in federal court in Manhattan is expected to last up to five months and feature the unveiling of the government’s prize witness — Frank DiPascali, Madoff’s former finance chief.
The government is counting on him to explain to jurors the roles each defendant played in a fraud that prosecutors say stretched back into the early 1970s and consumed nearly $20 billion invested by thousands of victims, including retirees, charities, school trusts and even Holocaust survivors. Much of the money has since been recovered.
Mark Cuban says he won’t be bullied by SEC
DALLAS — Mark Cuban says he learned he was being sued for insider trading when he turned on CNBC one day “and I was the headline.”
The billionaire and Dallas Mavericks owner testified that he could have settled the case but he hired lawyers and fought back because “I did nothing wrong and I refuse to be bullied.”
Monday marked Cuban’s second day on the witness stand. The Securities and Exchange Commission is suing Cuban, saying he avoided $750,000 in losses by selling his shares in a Canadian Internet company on insider information about a pending stock offering before it was announced publicly.
Chrysler’s new pitch man: Ron Burgundy
AUBURN HILLS, Mich. — When you’ve got the smallest marketing budget of the Detroit Three automakers, you have to take risks to get your TV spots noticed.
That’s why Olivier Francois, Chrysler’s marketing chief, gambles a lot. He’s following successful ads featuring rapper Eminem and movie star Clint Eastwood with a pitch from a fictitious character — egotistical airhead television anchorman Ron Burgundy from the 2004 movie “Anchorman: The Legend of Ron Burgundy.”
And this time, Francois got the talent to pitch a refurbished version of the Dodge Durango SUV for free. Paramount Pictures, he said, bartered work on the commercials by Will Farrell, who plays Burgundy, in exchange for the promotion in the ads of an “Anchorman” sequel that is due out in December.