Samsung (SSNLF) today counter-sued Apple (AAPL) in courts in Germany, Tokyo and South Korea, Bloomberg’s Jun Yang reports this morning, after Apple alleged on Monday Samsung’s “Galaxy” brand of phones and tablets infringe on Apple’s innovations in physical device design and touch-screen gestures.

On Wednesday, during Apple’s fiscal Q2 conference call with analysts, Apple’s COO Tim Cook said that Apple’s business with Samsung for a variety of components should not be harmed by the suit. “We are Samsung’s largest customer, and Samsung is a very valued component supplier to us, and I expect the strong relationship will continue,” said Cook.

And, indeed, one source quoted by Yang today seems to take the whole matter in stride. “This is strictly business,” says business professor Chang Sea Jin of National University of Singapore, as quoted by Yang. “The typical way to deal with cases like this is to counter sue. It’s not between the management of Samsung and Apple, their lawyers will work it out.”

Article courtesy of Tech Trader Daily

This could set a precedent for all future accused insider traders.

Rajaratnam came to court with seven lawyers. There is a row of two tables reserved for the defendant and his lawyers and Rajaratnam is sitting at a seat at the far left of the second table, as far away from the jury box as possible. In the first row are his lead defense lawyers, John Dowd and Terence Lynam of Akin Gump Strauss Hauer & Feld LLP.

Rajaratnam Trial Begins [Bloomberg]

Related: “In the conference room was a dwarf whom Mr. Rajaratnam introduced as an analyst hired to cover “small-cap” stocks. He was, in fact, an actor hired for an April Fool’s Day gag.”

Article courtesy of Dealbreaker

On Monday night, Stephen Colbert announced that after one of his writer’s had found a lost credit card belonging to Goldman Sachs partner Buckley T. Ratchford, he would be giving out one number per show each day that BTR failed to appear on the Colbert Report to talk Wall Street bonuses. Though Buck presumably had the mental faculties to cancel the card upon losing it, we wagered that he would prefer the information not to be distributed. And, also, that Goldman would not be offering up a body and if need be, Blankfein would head over to the studio to bust some skulls. Luckily for Steph-o, it didn’t come to that.

Article courtesy of Dealbreaker

$$$ Private equity firm Wellspring Capital Partners is in talks to buy Hooter’s of America Inc., franchiser of more than 400 beer, boobs and wings establishments throughout the world. [Fortune]

$$$ In Insider Case, the Odd Couple Won’t Meet [Dealbook]

$$$ First New York Had Own Review, Amid Insider Probe [Reuters]

$$$ Matt Taibbi Fails To Recognize Own Insult [Daily Intel]

$$$ Fed Officials Disagreed Over Benefits of $600 Billion Stimulus [Bloomberg]

$$$ Jacob ‘Kobi’ Alexander, the former Comverse Technology chief who fled the U.S. while facing charges for backdating stock options, has agreed to pay more than $53 million to settle cases brought by federal prosecutors and the SEC. [WSJ]

$$$ How Much Your Lawyers Are Getting In Bonuses [ATL]

$$$ John Carney: Is Bloomberg Guilty of Insider Trading too? [NetNet

Article courtesy of Dealbreaker

Earlier this week, Meredith Whitney forecast that Wall Street firms will cut 80,000 jobs in the next 18 months. Naturally we hope the Dollar Dominatrix is off in her prognostication but in the event she’s seeing the ball on this one, it’s important to think about what you might do in the event you are unfortunately axed. An equally desirable gig in the financial services industry might not immediately present itself. In the interim, you may need to do something to tide yourself over. Perhaps involving rubber gloves and that French maid outfit you’ve been dying to put to use. Take a page from this enterprising lady’s playabook.

Spotted last evening on 81st and Columbus.

Article courtesy of Dealbreaker

On the one hand, cnbcglobalheadquarters.com is a bit clunky. On the other, the network’s anchors announce at least once a segment that they’re “broadcasting live from CNBC global headquarters,” so maybe it’s worth something to them, branding-wise. The real question is, are they willing to negotiate with the convicted criminal currently holding the url hostage, who goes by the name #1 Stunna and is willing to sell it for no less than $100 million? Apparently Stunna has reached out to CNBC already but so far, there’s been no interest,** though he knows they’ll eventually come around if they know what’s good for them (“Stunna states that the lawyers that work for CNBC ‘must be clowns’ to not see the value in that as a domain name”).

**Or they may simply be intimated by the pictures of Stunna wearing a Raiders hat sitting a crotch rocket.

Article courtesy of Dealbreaker