PROFNET EXPERT ALERTS: North Korea / Patent Law / Commercial Bankruptcy

1. Defense: North Korea Testing ICBM System
2. Law: Business Partnerships Should Prepare for Compensation Reform
3. Law: Commercial Bankruptcy Filings Continue to Increase
4. Law: New Financing Strategy for Small Inventors Seeking Patent Justice

1. DEFENSE: NORTH KOREA TESTING ICBM SYSTEM. LT. GEN. MICHAEL M. DUNN, USAF
(Ret.), is available for interviews in Denver on Wednesday, Nov. 4, to discuss
North Korea: "North Korea has been building missile silos in the mountains and
will deploy an ICBM system that will be for sale. We need to counter with a
robust missile defense system instead of cutting back, and keep a strong
presence on the peninsula. We also need to put pressure on the regime by
cracking down on their illicit activities and sale of military hardware around
the world." Dunn is president/CEO of the Air Force Association in Arlington,
Va., a nationwide grassroots nonprofit organization that also administers the
national Air Force Memorial. He was the lead negotiator with the North Korean
Army at P'anmunjom, and has been interviewed several times on national
television on topics such as North Korea and missile defense. He can also
address TRICARE and how it relates to healthcare and the current Tanker
debate. News Contact: Joel Hannahs, +1-703-247-5847 (11/4/09)
2. LAW: BUSINESS PARTNERSHIPS SHOULD PREPARE FOR COMPENSATION REFORM. ROGER
AKSAMIT, attorney at THOMPSON & KNIGHT: "Business partnerships of all types
need to seriously explore their options for incentive compensation and even
consider converting to corporate structures, as there appears to be growing
support in Washington for increasing tax rates on the 'carried interest'
structure that is common to many partnerships, beyond just hedge funds and
other money fund arrangements. Currently, this income is taxed at the lower
capital gains rate, rather than as ordinary income, but proposed changes would
more than double that rate -- and raise an estimated $24 billion in revenue
during the next decade. This far-reaching concept is being viewed as a way to
create tax equity and fund other federal economic initiatives." News Contact:
Barry Pound, barry@androvett.com Phone: +1-800-559-4534 (11/3/09)
3. LAW: COMMERCIAL BANKRUPTCY FILINGS CONTINUE TO INCREASE. DAVID M. SCHILLI
is an attorney with ROBINSON, BRADSHAW & HINSON in Charlotte, N.C., who
practices in the areas of bankruptcy and commercial and corporate litigation:
"Following one of the most unstable economic climates in decades, commercial
bankruptcy filings continue to increase to levels not seen in many years, as
asset values decrease and little, if any, credit is available. Economic
indicators suggest that the recession may recently have ended, but the
unfortunate reality is that organizations are going to continue to struggle
financially until credit becomes more readily available." News Contact:
Michael Henry, mhenry@wrayward.com Phone: +1-704-926-1364 (11/3/09)
4. LAW: NEW FINANCING STRATEGY FOR SEEKING PATENT JUSTICE AND COMPENSATION
FOR SMALL INVENTORS WHOSE IDEAS GET INFRINGED. DR. ALEX POLTORAK, chairman and
CEO of GENERAL PATENT CORPORATION, co-author of two books on intellectual
property, and U.S. patent expert: "Because high legal fees deter many
independent inventors and small technology entrepreneurs from seeking
resolution from giant patent infringers, a novel and ingenious method of
securing justice and compensation is to get a third party to help finance the
cost so the inventor doesn't have to come up with the money himself." Poltorak
is located in Suffern, N.Y., and speaks Russian fluently. News Contact: Joel
Strasser, jjas888@aol.com Phone: +1-732-415-7556 (11/3/09)
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