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Month: May 2014

Ousted RadiumOne CEO Gurbaksh Chahal Promises To Sue His Board

In a publicly released letter, former RadiumOne CEO Gurbaksh Chahal promised legal action against his former board of directors today. He also announced his resignation from that board and provided context, from his perspective, into how legal choices were made to protect the company’s potential IPO. After public outrage grew concerning Chahal’s domestic violence case, he was fired. That came after the company’s board privately expressed support for the executive after he plead guilty to a count of domestic violence battery and a count of battery. Initially charged with 45 felony counts, a key piece of evidence (a video purported to contain proof of the domestic assault at the heart of the case) was dismissed due to legal issues relating to how it was collected. Here’s the key set of allegations that Chahal claims as accurate, which intimate that his legal strategy was shaped by the board: Given the timing of an IPO, you began suggesting that I should not try for full exoneration with a trial, since that could take a year or more and disrupt the timing and IPO process. One approach involved getting the case to a misdemeanor plea so that we could resolve the case and focus on the IPO. You communicated this to me during several board meetings, emails, as well as conversations with my counsel. By April, after the first settlement conference and preliminary hearing, my legal team was able to...

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Booq Cobra Pack

Traveling with laptops has become a near-ubiquitous experience for all of us, and many find themselves faced with the challenge of protecting that ever-precious computer against the elements of city life. Those interested in surefire protection might take interest in the latest offering from rising accessories brand Booq, who has just introduced the Cobra pack for the new season. The pack comes well-equipped for the everyday unexpected, built with waterproof rugged ballistic nylon at the exterior and moisture-repellent zippers at the exterior. Under the hood, the Cobra pack features a copper-colored lining throughout the interior, with a separate zippered compartment for added protection of 15-17″ laptops. Leaving no detail unnoticed, the Cobra pack also features ergonomic strap design for supreme comfort, as well as a water bottle/umbrella compartment at the sides. For all this, Booq even includes a bit of insurance: a special Terralinq serial number that Booq itself uses to track lost bags. Head over to the brand’s site to pick up a Cobra pack for yourself. Article source:...

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La MJC x LIFUL 2014 Spring/Summer Reversible Bucket Hat

For its street culture publication All Gone, La MJC teams with Korean brand LIFUL to release a reversible bucket hat for the summer season. Using the same paint splatter graphic seen on the cover of its 2013 edition, one side features an assorted mix of colors and the other pairs together blue and white. Limited to just 100, the La MJC x LIFUL Reversible Bucket Hat is currently available at colette. Article source:...

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Mister 2014 Patterned T-Shirt Collection

This season, San Francisco’s Mister returns just in time for summer with its latest collection of accessible, American-made goods. Included in the brand’s warm weather range is a seasonal batch of new tees featuring washed and worn-in designs in tie-dyed and splatter effect finishes. Standouts include soft, easy-to-wear pieces like the Mr. Sky Dye, Mr. Acid Splatter and overdyed Mr. Acid tee — all of which come in versatile colors and can be worn with any number of summer outfits. Mister’s 2014 patterned T-shirts are available now at the HYPEBEAST Store. Article source:...

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Uncovering Data For Credit Worthiness Earns DemystData $5 Million

In the modern, credit-rating-dominated world having little or no credit history — what the financial services industry calls a “thin file” — makes life much, much harder. It creates a vicious cycle, where lenders are less likely to lend to a borrower, because there’s no credit history. Now DemystData has raised $5 million in financing to solve the problem for financial services firms. DemystData founder Mark Hookey knew the hassles associated with a thin file all too well, which is why he launched his company in Hong Kong in 2010. “The genesis of [the company] was around getting rejected for credit cards quite frequently when I moved to different places in the world,” says Hookey, a former employee at LexisNexis. “I was rejected for a credit card at one point when I had 20 times the amount of credit and I thought if there’s supposedly this abundance of data out there how come it is not making its way into the hands of the credit provider?” So Hookey started developing DemystData. The company sells software that makes it easier to integrate fragmented data sources, Hookey says. “Our software brings together a single, cohesive profile of an individual or small business and then we supply that to our clients.” Simply put, DemystData — named for its ability to demystify the reams of data available to financial services firms — integrates...

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