SecuGen Corporation is pleased to announce the release of the FDx SDK
Pro for the Android Operating System. This new Software Developer Kit
(SDK) enables software developers to add fingerprint authentication to
their Android based software running on ARM tablets and smart phones.
This Android SDK incorporates SecuGens MINEX certified, FIPS 201/PIV
compliant template extraction and matching algorithms.SecuGen makes its
1:1 SDKs, such as the new Android SDK, available for free via download
from the SecuGen website.
Mobile computing is a rapidly growing
platform for delivering a wide variety of applications including
applications that demand high levels of security such as, finance,A
quality paper cutter or paper endofleasecleaningsydney
can make your company's presentation stand out. health care and medical
records, as well as government services. SecuGens Hamster IV and
Hamster Plus fingerprint readers, along with the iD-USB SC and iD-USB
SC/PIV dual mode fingerprint and smartcard readers are sold through
reseller partners worldwide. SecuGens products are widely recognized for
being rugged, accurate and affordable.
Dan Riley, Vice
President of Engineering for SecuGen said, We are very excited to be
able to offer Android compatibility for our fingerprint readers. Our
partners have been asking for this and our role, as always, is to
provide them with the tools that they need. The Android SDK is one of
several exciting new products that we will be bringing to market in
2013.
Won Lee, CEO of SecuGen added, We are very pleased to
offer our partners the new Android SDK. We work tirelessly to provide
the tools that our partners need to succeed. Today mobile computing has
become a ubiquitous platform for a broad range of applications.We are
one of the leading manufacturers of cableties in China We are proud to be able to deliver to our partners the ability to leverage that platform.
If
so, you ought to be very worried about a pair of developments in the
last week that offer a theoretical framework to end shareholder class
actions. If, on the other hand, you're of the view that shareholder
litigation is merely a transfer of wealth from corporations to
plaintiffs' lawyers,Other companies want a piece of that smartcard
action with little actual return to investors, you might want to start
thinking about how to use the new rulings to stop that from happening.
Let's
look first at the U.S. Supreme Court's 5-3 decision last week in
American Express v. Italian Colors. That case, as you know, was brought
by small businesses that believed American Express was abusing its
monopoly in the charge card market by requiring them also to accept Amex
credit cards carrying higher fees than competing credit cards. The
Supreme Court said that even though the merchants had statutory
antitrust rights under the Sherman Act, they had given up their right to
sue Amex as a class when they signed arbitration agreements barring
such suits. It was of no matter, the majority said, that the cost of
arbitrating an individual antitrust claim would dwarf the recovery of
any single small business: The merchants signed contracts that included
arbitration clauses and those contracts bound them. (Or, as Justice
Elena Kagan put it in a memorable dissent: "Here is the nutshell version
of today's opinion, admirably flaunted rather than camouflaged: Too
darn bad.")
The Amex ruling immediately drew the ire of consumer
and employment rights advocates, who argued that it gives corporations
the power effectively to insulate themselves against all sorts of
legitimate claims by cutting off escape routes from class action waivers
in mandatory arbitration clauses. But what about shareholders? In a
very smart column on Monday, Kevin LaCroix of D&O Diary raised the
question of Amex's potential impact on securities fraud and shareholder
derivative class actions. Does the court's ruling, he asked, mean that
"the broad enforceability of arbitration agreements reaches far enough
to include the enforceability of arbitration agreements and class action
waivers in corporate articles of incorporation or by-laws?"
Why
shouldn't it, after all? Shareholders sue corporations and corporate
boards under a pair of laws passed in the 1930s, meaning that their
federal statutory rights are no more powerful than those of the
merchants who tried to sue Amex under the Sherman Act. So why can't
corporations, as LaCroix suggests, impose mandatory arbitration and
class action waivers on shareholders?
They may well be able to
under this Supreme Court, Duke law professor James Cox told me Tuesday.
Cox said he believes that sooner than later, some private start-up or
company engaged in an initial public offering will include a mandatory
arbitration provision in its corporate charter. The company will have to
be able to show that shareholders consented to the provision, just as
the merchants in the Amex case agreed to mandatory arbitration, Cox
said, "but I could easily imagine this court fantasizing that when you
buy shares of the company, you consent."
What about the
Securities and Exchange Commission? When the private equity fund Carlyle
floated the idea of shareholder arbitration in an IPO in 2012, the SEC
quietly objected and Carlyle ended up dropping the proposal. Though the
SEC has never permitted the IPO of a company with a mandatory
arbitration clause, Cox told me he believes the SEC "has limited power"
to block such provisions if a corporation really wants to litigate the
issue up to the Supreme Court.
Doomsday has not yet arrived for
shareholder litigation, and perhaps it never will. Another Harvard law
professor, Jesse Fried, cautioned in an email that forum selection
by-laws are "very different animals from arbitration provisions,
especially when the shareholders can change the by-laws if they are
really unhappy about them." Strine's ruling Tuesday included a caveat
noting that forum selection by-laws regulate just where suits are
brought, not what suits shareholders may bring (nor, by extension,
whether they can bring suits at all). Fried and Coates both told me that
Delaware courts will question whether mandatory shareholder arbitration
clauses are consistent with a board's fiduciary duties to shareholders.
Fried added that corporate defense lawyers may also be philosophically
(and financially) opposed to moving shareholder claims to arbitration;
Coates posited that corporations may prefer to resolve shareholder
claims through class actions rather than through endless individual
arbitrations.An cleaningservicesydney is a network of devices used to wirelessly locate objects or people inside a building.Aulaundry is a leading drycabinet and equipment supplier. (I have my doubts on that score.)
Opponents
of mandatory shareholder arbitration can also point to specific laws as
evidence that Congress intended shareholder claims to be litigated on a
classwide basis, including the Private Securities Litigation Reform Act
and the Securities Litigation Uniform Standards Act, both of which
assume that shareholders will litigate as a class. The Supreme Court,
moreover, has not (to my knowledge) suggested diverting shareholder
claims to arbitration, even though it has spent a lot of time in the
last couple of years tinkering with the mechanics of securities class
actions. For that matter, the court's securities rulings haven't been
nearly as hard on plaintiffs as some of the court's other class action
decisions.
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