Westchester County Business Journal 11/19/2012 Issue

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WCBJ

WESTCHESTER COUNTY

BUSINESS JOURNAL

YOUR only SOURCE FOR regional BUSINESS NEWS | westfaironline.com

November 19, 2012 | VOL. 48, No. 47

Commission to investigate response to power outages Con Ed apologizes

G Historic visit • 15 U.S. Supreme Court Justice Sonia Sotomayor visits Pace Law School

Betting against the house BY JOHN GOLDEN jgolden@westfairinc.com

A

Harrison company focused on intellectual property assets and patent enforcement has gone to federal court in Mississippi to force some of the nation’s largest casino operators and gaming manufacturers to stop infringing on a patent the company acquired this year in its strategy to reap for investors a bonanza in royalties and court-ordered damages from its patent portfolio.

MGT Gaming Inc., a subsidiary of MGT Capital Investments Inc., has asked a U.S. District Court in Jackson, Miss., to order five defendants to stop infringing on MGT’s ‘088 patent that applies to bonus-round games played on an interactive sign linked to slot machines. MGT Capital this year paid $200,000 to two Long Island inventors for a majority interest in the patent. One of the inventors was known on Wall Street to Robert Ladd, Betting, page 6

ABOVE THE BAR • 13

BY SAM BARRON sbarron@westfairinc.com

ov. Andrew Cuomo signed an executive order Nov. 13 to establish a commission to investigate the response, preparation and management of New York’s utility companies in the wake of Hurricane Sandy, five days after Consolidated Edison Inc. issued an apology for its response. The commission will be tasked to undertake a thorough review of all actions taken by the power companies before and after the storm, and make specific recommendations to reform and modernize oversight, regulation and management of New York’s power delivery services. “From Hurricane Irene … to Hurricane Sandy, over the past two years New York has experienced some of the worst natural disasters in our state’s history,” Cuomo said in a press release. “As we adjust to the reality of more frequent major weather incidents, we must study and learn from these past experiences to prepare for the future.” The commission’s mandate includes examining and making recommendations to reform the overlapping responsibilities and missions of New York’s utility companies and the Public Service Commission (PSC). Con Edison’s apology came at a Nov. 8 press conference at the Westchester County Center, which is being used a FEMA disaster recovery center. Kevin Burke, chairman and CEO of Con Edison, apologized for the outages and poor communication to residents and elected officials and said that the company was simply not prepared for the storm that left more than 975,000 customers without power. Con Edison’s previous high was 200,000 cusCommission, page 6

Couple expands retail reach • 8


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