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PATENTS Chip maker told to pay $19M for infringement SANTA ANA, CALIF. (AP) � A California federal jury has found that Qualcomm Inc.’s cellular baseband chips and software chips for cellphones violated three patents owned by rival Broadcom Corp. The jury awarded Broadcom $19.6 million in damages and found that Qualcomm’s infringement was willful � which means the award may be increased up to threefold. San Diego-based Qualcomm makes chips for cellphones and licenses its technology to other manufacturers. Irvine, Calif.-based Broadcom makes a wider variety of chips, for cable set-top boxes, modems and other networking gear. PERSONAL INJURY $40M award for worker over telephone-pole fall DENVER (AP) � A Colorado state jury has awarded nearly $40 million to a man who was paralyzed after a Qwest Communications Inc. telephone pole on which he was working collapsed in 2004. Andy Blood, 27, an employee of Xcel Energy Inc. at the time, sued Qwest saying the company had failed to repair its company-owned pole. Blood was working on the pole, which was also used by Xcel, when it broke. He fell 25 feet to the ground, suffering permanent spinal cord injuries. REGULATORY ACTION Barclays, ex-trader settle insider trading charges NEW YORK (AP) � Barclays Bank PLC has agreed to pay $10.9 million and a former trader for the bank agreed to pay $750,000 to settle charges that they engaged in securities fraud through a pattern of insider trading. The U.S. Securities and Exchange Commission (SEC) alleged in a civil complaint filed in a New York federal court that Barclays and Steven J. Landzberg, a former proprietary trader for Barclays’ U.S. distressed-debt desk, illegally traded millions of dollars of bond securities during an 18-month period. The SEC said Landzberg was aware of inside information regarding the timing and terms of proposed plans of reorganization for several companies considering issuing bonds. Technology firms hit for backdated stock options WASHINGTON (AP) � Technology companies Brocade Communications Systems Inc. and Mercury Interactive LLC became the first two companies to pay fines to settle federal regulators’ allegations of civil fraud in connection with stock-options backdating. Brocade has agreed to pay $7 million and Mercury is paying $28 million in settlements announced by the U.S. Securities and Exchange Commission, which has been investigating more than 100 companies over suspect timing of stock-options awards to executives. Backdating options involves retroactively setting the exercise price to a low point in the stock’s value. Usually, a stock option’s exercise price coincides with the market value at the time of a grant to give the recipient an incentive to drive the price higher. If companies backdate options, it can cause profits to be overstated and taxes to be underpaid. SEX ABUSE Diocese settles 14 priest abuse claims for $6.65M CHICAGO (AP) � The Archdiocese of Chicago has paid $6.65 million to settle claims made by 14 people who say they were abused by Catholic priests. The settlements were reached between March 2006 and March 2007 and cover lawsuits filed against 12 current and former priests for abuse that allegedly occurred from the 1960s to the early 1990s. SHAREHOLDER SUIT Medical firm pays $600M to settle fake-profits suit DUBLIN, OHIO (AP) � Cardinal Health Inc. agreed to pay $600 million to settle a lawsuit filed by shareholders accusing the medical products and services company of accounting irregularities and inflated earnings. The lawsuit was filed on behalf of those who bought stock between 2000 and 2004 after the U.S. Securities and Exchange Commission began investigating the company in October 2003 over its accounting of money it got from vitamin manufacturers. The investigation was expanded to include its core pharmaceutical distribution business. Cardinal then began an internal investigation that resulted in the company restating its annual and quarterly financial statements for three years. Some employees were disciplined or fired, and the company’s chief financial officer quit in 2004. Judge OKs $30M deal to end Martha Stewart suit NEW YORK (AP) � A New York federal court has approved a $30 million settlement of a suit Martha Stewart Living Omnimedia Inc. shareholders had filed claiming the company’s founder and other executives lied about the risks posed to the company by the investigation into her stock trading. The settlement applies to holders who purchased stock of the New York-based media company between Jan. 8, 2002, and Oct. 2, 2002. Martha Stewart contributed $5 million of her personal funds to the settlement.

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