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Amazon Employee Sold Sensitive Company Info to Trader

What could Amazon's general counsel do when an employee sold sensitive company information?

Fire the bum? Put him up for sale on the website? Issue an explanatory press release about the sale -- of the information?

The Securities and Exchange Commission helped out by explaining the details in a press release. Brett Kennedy, an Amazon financial analyst, reportedly sold inside information for $10,000.

The chips, and any prison sentences, will fall where they may. General counsel may want to pick up some pieces of the story for future reference.

Toys 'R' Us Is Getting Legal to Handle Debt

Just as stores are starting to unpack Christmas signs, reports are that Toys 'R' Us is considering bankruptcy.

Toys "R" Us has $400 million in loans coming due in 2018, and Christmas sales will not solve the problem. Weighed down by about $5 billion in debt, the retailer has hired Kirkland & Ellis to help review its legal options: restructure or file for bankruptcy.

The economic signs have been staring down everyone in the retail industry for some time. Brick-and-mortar businesses are in deep trouble, and corporate counsel have to dig deeper for solutions.

The FTC and Uber agreed to a settlement as a result of an investigation into the ride hailing company's mishandling of customer data, as well as privacy and security issues in 2014 and 2015. Part of that settlement includes 20 years worth of monitoring and privacy audits to ensure the company does not repeat the complained of behavior.

For Uber, entering into a settlement that requires extensive and long-term monitoring could actually be beneficial at this point. Due to the number of scandals that have plagued it recently, embracing the monitoring requirement could actually lead to regaining some of the lost public goodwill and trust the company once held.

Elon Musk Needs In-House Counsel for The Boring Company

Elon Musk, the futurist and founder of SpaceX, has a job opening: in-house counsel at The Boring Company.

If the name sounds like a joke, maybe it is. The "boring" company is supposed to build transportation tunnels -- not exactly reaching for the stars.

But maybe Musk is offering a real job. After all, tunnels have serviced commuters for ages and the Tesla founder already has the cars.

Uber Hires Top Law Firm in India Rape Case

Is there anything dirtier, uglier, or more noxious than the grime on the underbelly of a road-worn car?

You might expect to find it on a car coursing the muddy, unpaved roads of India, but not the shining streets of the Silicon Valley, home to the world's largest car-hailing service.

So it would seem. But a top law firm may find out whether Uber has been hiding a most ugly detail for years.

CVS General Counsel Prepares for Major Health Care Changes

Tom Moriarty, general counsel for CVS, has a prediction and a prescription for general counsel.

Moriarty predicts that healthcare companies will need more legal help as state and federal governments deal with changes from the Affordable Care Act to the American Health Care Act. He says companies will need to give their general counsel larger roles because law and policy are intertwined in public health.

"In healthcare, more so than other areas, the role that general counsels will play will be much more central to the strategy of a company for the next five to seven years," Moriarty said in an interview with Big Law Business.

Verizon Completes Yahoo Deal, Creates New Company 'Oath'

Verizon has acquired Yahoo's operating business and formed a new company called "Oath."

"Oath" as in swear an oath, like "I'll be damned if I give up my Yahoo email!" Fortunately, nothing is likely to happen to your Yahoo email after all.

Oath, which includes Yahoo and AOL, will focus on advertising. It won't impact the law business directly, although 2,100 workers will be laid off in the transition.

CRISPR Therapeutics Appoints New GC

James R. Kasinger will take over as general counsel for CRISPR Therapeutics at a time when the company's fate depends on the biggest legal battle in the biotech industry.

The case involves the patent rights to CRISPR-Cas9, a technique that has the potential to transform the biotechnology and genetic engineering industries. The genome editing tool can splice DNA faster, cheaper, and more accurately than other existing methods.

Kasinger, a rising star in his own right, will have to get up to speed.

Who Wants Uber's General Counsel Role?

Looking at Uber's legal organization is a little like looking at an incomplete schematic for a car.

If you are not an electrician or really good at sorting out a tangle, you may have trouble figuring out how the company's legal team even works. There are definitely some missing connections.

Last week, the San Francisco-based company moved its general counsel to chief legal officer. Days later, the company's top attorney for basically the rest of the world quit.

In the meantime, there's a big hole at the general counsel position. Does anybody know where this car is going?

Will Pandora Internet Radio Go Up for Sale?

With all the excitement about innovation, sometimes it leaves companies and even industries behind like dead bodies in unmarked graves.

Pandora, the first radio music service online, has fallen victim to innovations by Apple and Spotify. The rumors of its demise are exaggerated, but Pandora may soon be taken over by another company or be forced to borrow more money to survive.

The company reportedly is "confident" that it will be sold in the next 30 days, even as it announced an agreement to take a $150 million investment from a private equity firm. The reports have caused Pandora's stock to rise and fall, and it signals some significant changes ahead.