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Baseball Star's Plane Crash Hits an Industry

When baseball star Roy Halladay crashed his plane and died, it was a tragedy for people and an industry.

It shocked family and friends who knew the 40-year-old, former major league pitcher. It also troubled makers of the ICON A5; it was the third fatality in the new design.

Amateur video showed that Halladay was flying dangerously close to the water, and witnesses said he was showboating. Still, the manufacturer is reeling from the impact of a sport plane that was the darling of the light aircraft industry.

DOJ Looks to Limit Corporate Penalties

The U.S. Justice Department is streamlining prosecutions to avoid doubling-up on corporations accused of misconduct, according to reports.

"Repeated punishment for the same conduct has the potential to undermine the spirit of fair play and the rule of law," said Deputy Attorney General Rod Rosenstein.

If only individuals -- straddling charges from multiple agencies -- could get the same break. That would be news, too.

Legal Work Is an Inside Job Now

If you felt the ground shifting, it was not an earthquake. That was the playing field changing law practice.

According to a new report, more than half of the legal work at companies is being done in house. That's bad news for outside counsel.

On the other hand, that is good news for general counsel, legal operators, and others who are rolling with the changes.

The founder and former CEO of Insys Therapeutics Inc., John Kapoor, has been charged with bribing doctors with illegal kickbacks for prescribing Subsys, his company's powerful opioid drug. Subsys is a fentanyl-based opioid pain drug that comes in a spray bottle and was designed for cancer patients. To date, Kapoor is the highest ranking pharma exec charged in an opioid-related crime.

Kapoor is alleged to have bribed doctors to prescribe the pain med to those who did not truly need it (i.e. non-cancer patients). Additionally, the bribe and kickback scheme not only rewarded overprescribing, but also doling out higher dosages. Not only is Kapoor and company alleged to have bribed the doctors, but also it is claimed that insurers were defrauded into paying for Subsys for non-cancer patients.

Keeping up with the tech industry's recent alleged commitment to employ more women, particularly in management roles, earlier this month Apple Inc. stepped up to that plate. The tech goliath announced that a new female General Counsel and Senior Vice President of Legal and Global Security will be taking over for the company's current GC Bruce Sewell.

Meet Kate Adams, the former SVP and GC at Honeywell, who will now be stepping into that same role but for the much more high profile Apple. Before joining Honeywell, Adams practiced in New York, and had a few rather distinguished federal clerkships, including a stint as a SCOTUS clerk for Justice Sandra Day O'Connor, which has an interesting backstory.

Are Tech Giants Too Much of a Good Thing?

Even on a bad day, one share of Amazon or Google stock is worth almost $1,000 per share.

It's all relative, but what does that mean for the average guy? It means that most people can't afford to buy the stock, and it represents the incalculable divide between the rich and the poor.

It is also what is wrong with the world, according to two startup investors. Wait, what?

GC Convicted in Payday Lending Scheme

One Learjet; an Aspen vacation home; a Ferrari race car and other sports cars. All will be available soon, with one caveat:

They are subject to forfeiture in the convictions of the general counsel and the chief executive officer in a payday loan scam. That's right, payback is a Beemer.

Like any person with self-respect, companies don't like having to play the role of the embarrassed friend that "doesn't even know that person." What's worse is when that person is a founder, or just known as a public representative, of the company.

Along those lines, the Weinstein Company had to enter damage control mode after a New York Times article last week detailed a storied past of the company's co-founder, and former Hollywood mogul, Harvey Weinstein. Allegations of sexual harassment against Harvey Weinstein that span decades were revealed. Within a few days of the news report appearing, the Weinstein Company had fired Harvey, despite his issuing an apology and promising to get the help he needs and make things right.

Equifax Top Lawyer Facing Scrutiny

John Kelley, chief legal officer at Equifax, probably saw it coming.

We're not talking about the data breach that compromised financial information of more than 145 million Americans. Who could have known that, except perhaps the people hacking into the company's system?

But Kelley probably foresaw the backlash from the data debacle -- especially since he approved $1.8 million in stock sales by Equifax executives just before the company disclosed the breach.

Lawyer Mistakenly Sent SEC Memo to Reporter

If Homer Simpson were a lawyer, he'd have said 'd'oh' and that would've been the end of it.

But among the many mistakes Homer has made, he never sent a confidential email to a Wall Street Journal reporter. That's why this lawyer story is not going away.

WilmerHale accidentally sent an email about its client undergoing an investigation by the Securities and Exchange Commission. D'oh!