Additional Charges in Data Theft Case
A man already facing 16 months in California prison for stealing personal data from data broker ChoicePoint faces an additional 27 counts in connection with the case. Indictments in Los Angeles County were unsealed charging Olatunji A. Oluwatosin with setting up phony businesses that he used to establish accounts with ChoicePoint, which collects and sells personal data on consumers for marketing and identification. ChoicePoint estimates that personal data on as many as 145,000 consumers was breached.
mergers & acquisitions
Stroage Technology Holders Approve Sale
Shareholders of Storage Technology, a maker of data-storage hardware and software, voted overwhelmingly to approve Sun Microsystems's $4.1 billion acquisition of the company. Under the agreement, Storage Technology's shareholders would receive $37 in cash per share. The companies plan to close the deal after the market closes tomorrow, when trading in Storage Technology shares will be suspended. Storage Technology said 99 percent of shares voted approved the acquisition.
Cellular Antitrust Suit Dismissed
U.S. District Judge Denise L. Cote in New York dismissed an antitrust lawsuit claiming that Cingular Wireless, Verizon Communications and two other mobile phone companies illegally forced customers to buy phones that worked only on their own networks.
Canada Backs RIM on BlackBerry Patents
The Canadian government is backing Research in Motion's attempt to persuade a U.S. court to review a finding that the BlackBerry e-mail pager infringes patents held by Arlington-based NTP. Ottawa says a company can't infringe a U.S. patent if the system accused of the violation is outside the country. RIM's network control center, which routes all e-mails sent through BlackBerry devices, is at the company's headquarters in Waterloo, Ontario.
Compiled from staff and news service reports