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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.

Microsoft's Legal Team Adds New Role: Privacy Lawyer

As hackers continue to attack companies everywhere, Microsoft has appointed a privacy lawyer to lead the company in the battle against cybercrime.

Julie Brill, a former Federal Trade Commissioner, will oversee privacy and regulatory affairs for the company. She will have other responsibilities, including telecommunications regulations, corporate standards, and internet governance, but her appointment highlights Microsoft's emphasis on cybersecurity.

"As a company, the problem that perhaps concerns us the most in the cybersecurity space is the growing rise of nation state attacks," said Brad Smith, president and chief legal officer, during a recent speech in Brussels.

Legal Ops Taking Aim at Changes in 2017

‘Legal ops’ can conjure up the image of a sniper, clothed with clandestine legitimacy and a laser-focused rifle.

It’s a fair analogy, as legal operations professionals gain more power in corporate legal departments around the world. Ten years ago, not many corporate counsel knew they existed. Today, they are key members of legal teams trained to work fast and cut costs.

With the formation of the Corporate Legal Operations Consortium, there are more than 600 card-carrying members of the organization. This is an account of who they are and what they can do:

GM Leaves Venezuela in Wake of Financial Crisis, Seized Assets

Like a tornado sweeping through town, a government can take out a company in a moment that instantly reminds people they are not in control. If any survive, they are left to pick up the pieces and to try to rebuild their lives.

In Venezuela, General Motors employees are dealing with a financial crisis sweeping the country. The government seized the automaker's factory, leaving thousands jobless and wondering about how to pay for their next meal.

The seizure resulted from a decades-old lawsuit, but came to a head because the country is fighting for its political and economic life. Venezuelans are dying in protests over the conditions, and American businesses are also falling victim to the crisis.

It is a reminder to companies doing business abroad that everything can change in an instant.

Discovery Communications Names New General Counsel

Savalle Sims has been named the new general counsel for Discovery Communications.

Sims, formerly deputy general counsel, will lead the company's global legal teams and manage legal issues worldwide. In the new position, she reports to Bruce Campbell, chief development and legal officer.

"Savalle is a strong leader, with an incredible legal mind and strategic approach that has served Discovery exceptionally well," Campbell said in announcing her promotion.

In January, the Department of Labor sued Google, accusing it of withholding information on pay disparities from federal regulators. Then, last Friday, the DOL accused Google of "systemic compensation disparities against women pretty much across the entire workforce."

Now, Google is pushing back, arguing that its internal analyses ensure that "our pay practices remain aligned with our commitment to equal pay."

What's the cost for overseeing a program where fraud was rampant? About $75 million and counting. That's the amount that Wells Fargo's board announced it would "claw back" from two executives this morning, sending them the bill for the bank's account fraud scandal. The bank agreed to pay $185 million to regulators in September, after it was accused of fraud that saw 2 million fake bank account and credit card lines opened in customers' name.

But the bank isn't just laying blame on the two executives alone. Today's massive report from the bank's board, based on months of internal investigation, says that the structure and culture of the bank made it prime territory for such fraud.

SCOTUS to Decide If U.S. Corporations Can Be Liable for Overseas Terrorism

Arab Bank in New York thought it couldn't be held liable for customers overseas -- even those who were known terrorists.

After all, the U.S. Supreme Court had ruled that liability presumptively does not reach corporations in America for human rights violations committed in other countries. Moreover, the U.S. Second Circuit Court of Appeals had thrown out the cases against Arab Bank based on that ruling.

But that was then, and this is now.

"[T]his case presents the issue in as gripping a context as this Court is likely to see: proven corporate financing of terrorism, partly from a perch in the United States that was indispensable to the terrorist scheme," the petitioners said in urging the Supreme Court to hear Jesner v. Arab Bank.

Yahoo Names New General Counsel, Arthur Chong

Yahoo has named Arthur Chong to replace Ronald Bell, who resigned as general counsel after a report that the company's legal team failed to properly investigate a huge data breach disclosed last year.

That data breach of 500 million Yahoo accounts contributed to a $350 million discount in Verizon's offer to purchase the company's internet business. It also resulted in federal indictments against two Russian spies and mercenary hackers.

As Yahoo prepares for the transition with Verizon, Chong will have his work cut out for him.

Meet the New General Counsel at Pinterest

Pinterest has hired as new general counsel Christine Flores, who had been working as Google's vice president of legal.

Flores worked for Google 10 years and led several corporate teams, including mergers and acquisitions, securities and corporate governance, real estate, and ethics and compliance. At Pinterest, she will lead the company's legal and public policy teams.

"Christine is a proven leader with a decade of experience in corporate law, and has tackled some of the most challenging projects in the business world -- from the Alphabet reorganization to large international acquisitions and investments," Pinterest cofounder and CEO Ben Silbermann said in a statement.