Legal / Law Matters

  • Casino mogul Sheldon Adelson loses libel suit Associated Press - 39 minutes ago
    Casino mogul Sheldon Adelson loses libel suit

    Billionaire casino mogul Sheldon Adelson has lost a defamation lawsuit against the National Jewish Democratic Council. Adelson asked for $60 million in damages, arguing the council libeled him by saying ...

  • Four female plaintiffs say in their complaint that a former manager, also a woman, regularly harassed them and, when they complained, they were fired or forced to resign.

  • The Deal: Merger Enforcers Working During Government Shutdown @ TheStreet.com - 1 hour 31 minutes ago

    A backload of cases -- including the review of the US Air-AMR deal -- and statutory deadlines make staffers assigned to pre-merger investigations essential personnel.

  • [$$] International Paper Pays $30 Million Over 401(k) Claims @ The Wall Street Journal - 1 hour 42 minutes ago

    Workers fighting allegedly high fees and unsuitable investments in workplace retirement-savings accounts are scoring legal victories and forcing changes in the way some plans operate.

  • [$$] Workers Become More Circumspect @ The Wall Street Journal - 1 hour 58 minutes ago

    With more awareness of high fees' potential to chip away at retirement savings amid a low-interest-rate environment, retirees and workers have become more vigilant about retirement accounts.

  • A Brazilian federal judge on Tuesday dismissed a lawsuit against No. 2 U.S. oil company Chevron Corp after approving a negotiated settlement, a decision that closes a nearly two-year legal battle over ...

  • BP Wasn’t Prepared for Deepwater Blowout, Witness Says @ Bloomberg - 2 hours 25 minutes ago

    BP Plc wasn’t prepared for a blowout at its deepwater Macondo well in the Gulf of Mexico, a safety expert who studied the 2010 oil spill told a judge who is assessing how well the company reacted to the ...

  • The U.S. Supreme Court agreed on Tuesday to consider whether severance pay to workers laid off involuntarily is subject to federal payroll tax in a case the Obama administration has warned could affect ...

  • NC court dumps speedway's suit over $80M deal Associated Press - 3 hours ago

    One of the country's largest auto racing track operators can't claim local officials reneged on an offer of $80 million in tax breaks because there was never a binding contract for the money in exchange ...

  • Court: Yes to Greek property rights in Turkey Associated Press - 3 hours ago

    The European Court of Human Rights says Turkey must pay 5 million euros in damages to two Greek nationals who sought to acquire three buildings in Istanbul bequeathed to them by their late sister. The ...

  • [$$] Google Nears EU Settlement @ The Wall Street Journal - 3 hours ago

    Google and the EU moved closer to settling a long-running antitrust investigation over the company's dominance in Internet search.

  • BP brand logo is seen at a Washington DC service station

    By Kathy Finn NEW ORLEANS (Reuters) - Dithering and indecision at BP Plc (LSE:BP.) delayed the capping of its Macondo well and worsened the extent of the 2010 Gulf of Mexico oil spill, according to allegations ...

  • JPMorgan Mole: Bank Exaggerated Quality of Mortgages @ Wall St. Cheat Sheet - 3 hours ago

    The Department of Justice is pursuing criminal charges against JPMorgan Chase for the sale of mortgage-backed securities, but the case has hit a few bumps.

  • International Paper settles 401(k) fee suit @ MarketWatch - 4 hours ago

    Plaintiffs argued that the company's high retirement-plan fees violated federal pension law; settlement will total $30 million.

  • PMI Group emerges from bankruptcy protection Associated Press - 5 hours ago

    Private mortgage insurer PMI Group Inc. has emerged from Chapter 11 bankruptcy protection. The company filed for bankruptcy protection in November 2011 after two of its subsidiaries were seized by regulators ...

  • Dividing Up the Job of Legal Counsel @ New York Times - 6 hours ago

    Goldman Sachs and JPMorgan have figured out that allowing the general counsel to also run regulatory compliance invites trouble.

  • European regulator close to settlement with Google

    European regulators appeared to be nearing a settlement with Google in their probe over whether the Internet search-and-advertising giant is unfairly stifling competition. Joaquin Almunia, the top antitrust ...

  • Google has agreed to give rivals more space on its website, raising the chances of a deal with Europe's antitrust authorities and reducing the risk of a hefty fine. The European Commission said Tuesday ...

  • A Google logo is seen at the entrance to the company's offices in Toronto

    By Claire Davenport BRUSSELS (Reuters) - An offer by Google to modify how it displays Internet search results could settle a long-running antitrust dispute with the European Union, the EU competition chief ...

  • The Financial Industry Regulatory Authority...

  • Acacia Research announced that its Criminal Activity Surveillance subsidiary has entered into a settlement and license agreement with Bosch Security Systems, Inc. and Tyco Integrated Security. This agreement ...

  • European regulator details Google concessions Associated Press - 14 hours ago

    The European Commission's top antitrust official says Google would allow competitors to display their own logos on its search display results page as part of concessions it has offered to avoid a showdown ...

  • The European Union’s top competition official accepted Google’s latest offer to settle a long-running antitrust case, but he also said the company’s rivals should have a chance to respond.

  • EU responds favorably to Google's latest antitrust proposal

    Google is currently trying to resolve an antitrust case in Europe over promoted links in its search results. In order to satisfy regulators, Google had offered to separate promoted links from native search results in a bid to end the EU antitrust investigation. The European Commission expressed its concerns over the original …

  • BP executive defends spill response tactics

    The focus of a trial over BP's massive 2010 oil spill has shifted from the causes of the deadly disaster to the company's struggle to plug its blown-out well while millions of gallons of crude gushed into ...

  • [$$] Wells Settles With Freddie for $869 Million @ The Wall Street Journal - 18 hours ago

    Wells Fargo said it would pay Freddie Mac $869 million to repurchase loans it sold to the mortgage firm that didn't conform to its guidelines.

  • [$$] 'Old' GM Creditors Settle Claims Dispute @ The Wall Street Journal - 18 hours ago

    A trust representing unsecured creditors of the old General Motors agreed to stop trying to reclaim payments made to hedge funds in return for shaving the funds' claims against the company.

  • [$$] J.P. Morgan Insider Helps U.S. in Probe @ The Wall Street Journal - 18 hours ago

    The Justice Department's pursuit of possible criminal charges against J.P. Morgan over the sale of mortgage securities is based in part on a key cooperator from inside the bank who is aiding the government....

  • [$$] Alabama to End Segregation of HIV-Positive Inmates @ The Wall Street Journal - 18 hours ago

    A federal judge approved a settlement that will end the segregation of HIV-positive prisoners in Alabama, the final state to agree to wind down a policy that once was common in the U.S.

  • The following are the top stories in the Wall Street Journal. Reuters has not verified these stories and does not vouch for their accuracy. * Time Warner Inc's Warner Bros Pictures has a new financial ...

  • A pedestrian walks past the Canary Wharf offices of JP Morgan in London September 19, 2013. REUTERS/Neil Hall

    By Karen Freifeld and Emily Flitter NEW YORK (Reuters) - JPMorgan Chase & Co's possible $11 billion settlement of government mortgage probes has been complicated by a dispute with the Federal Deposit Insurance ...

  • Freddie Mac and Wells Fargo Settle on Loans @ New York Times - 23 hours ago

    The settlement, reached Friday, would resolve virtually all repurchase liabilities on home loans sold to Freddie Mac before 2009.

  • Wells Fargo to pay $869m in Freddie deal @ Financial Times - 23 hours ago

    Wells Fargo has agreed to pay $869m to Freddie Mac, the US government-backed mortgage company, to resolve claims that the country's largest mortgage lender had sold loans that breached quality guarantees. ...

  • Wells settles with Freddie on mortgage claims Associated Press - 23 hours ago

    Wells Fargo & Co. has agreed to an $869 million settlement with Freddie Mac over claims on home loans it sold to the government-controlled mortgage finance company. The agreement announced Monday by Wells ...

  • A Wells Fargo sign is seen outside a banking branch in New York

    Wells Fargo & Co said on Monday it will pay $780 million in cash to Freddie Mac to resolve substantially all repurchase liabilities on home loans sold to the government-controlled mortgage company prior ...

  • Wells Fargo & Co said on Monday it will pay $780 million in cash to Freddie Mac to resolve substantially all repurchase liabilities on home loans sold to the government-controlled mortgage company prior ...

  • BP accused of lying to govt during Gulf oil spill Associated Press - Mon, Sep 30, 2013 6:39 PM EDT
    BP executive defends spill response tactics

    BP lied to the U.S. government and withheld information about the amount of oil spilling into the Gulf of Mexico after its well blew out in 2010, attorneys told a judge Monday. But lawyers for the London-based ...

  • Aerial photograph shows continuing preparations to drill a relief well at the Macondo oil spill site in the Gulf of Mexico

    By Kathy Finn NEW ORLEANS (Reuters) - In the frantic days after the 2010 Gulf of Mexico oil spill, BP lied about how much oil was leaking from its Macondo well and took too long to cap it, plaintiffs' ...

  • Bank Secrets Exposed in EU’s Credit Derivatives Antitrust Probe @ Bloomberg - Mon, Sep 30, 2013 6:00 PM EDT

    European Union regulators inadvertently sent confidential data to 13 of the world’s biggest lenders as part of an antitrust complaint in an investigation of the credit derivatives industry.

  • How the Deal for Rue21 Could Fall Apart @ New York Times - Mon, Sep 30, 2013 5:17 PM EDT

    A report of weak sales by the retailer rue21 has spooked potential investors in a private equity deal to buy the company. The question now is whether the three banks on the deal want to risk their reputations ...

  • BP accused of lying to gov't during Gulf oil spill Associated Press - Mon, Sep 30, 2013 5:11 PM EDT
    BP executive defends spill response tactics

    BP lied to the U.S. government and withheld information about the amount of oil spilling into the Gulf of Mexico after its well blew out in 2010, attorneys told a judge Monday. But lawyers for the London-based ...

  • [$$] Finra Files Fraud Case Against John Carris Investments @ The Wall Street Journal - Mon, Sep 30, 2013 4:27 PM EDT

    The brokerage industry's self-regulator charged New York-based John Carris Investments LLC with defrauding and misleading its investors.

  • BP knew 2010 U.S. Gulf spill was risk, lawyers tell trial Reuters - Mon, Sep 30, 2013 1:31 PM EDT
    Aerial photograph shows continuing preparations to drill a relief well at the Macondo oil spill site in the Gulf of Mexico

    Long before the oil spill in the Gulf of Mexico in 2010, BP knew its Macondo well could explode and then lied about how much oil leaked, plaintiffs' lawyers said at the opening of the second phase of the ...

  • Billionaire Republican donor Adelson loses libel lawsuit Reuters - Mon, Sep 30, 2013 12:41 PM EDT

    Sheldon Adelson, the billionaire casino magnate and prominent Republican donor, has lost a $60 million libel lawsuit in which he claimed a Democratic group spread a false accusation that he had condoned ...

  • [$$] IBM Settles With U.S. Over Job Listings @ The Wall Street Journal - Mon, Sep 30, 2013 12:12 PM EDT

    IBM agreed to settle Justice Department allegations that some online job listings expressed a preference for foreign workers with temporary visas over U.S. citizens.

  • For BP, The Question Is How Much Oil Really Spilled in 2010 @ Wall St. Cheat Sheet - Mon, Sep 30, 2013 11:40 AM EDT

    At issue now, in the second phase of the three-part trial that began Monday, is how much oil spilled from the Macondo well.

  • Motorola Mobility Responds to EU Antitrust Regulators at Hearing @ Bloomberg - Mon, Sep 30, 2013 8:19 AM EDT

    Google Inc.’s Motorola Mobility unit will respond to European Union accusations that it used patents to hinder competitors, including Apple Inc.

  • BP Is Fighting A Battle It Can't Win @ Seeking Alpha - Mon, Sep 30, 2013 7:58 AM EDT

    BP ( BP ) is at it once again, back in court asking to halt or delay payments for its 2010 oil spill settlement for business economic losses. Only this time, its tactic is more bizarre than ever. On September ...

  • Samsung, Louboutin, Humane Society: Intellectual Property @ Bloomberg - Mon, Sep 30, 2013 12:00 AM EDT

    Samsung Electronics Co., the world’s biggest maker of smartphones, offered to settle a European Union probe into whether it tried to use mobile-phone patents to hinder competition from Apple Inc.

  • Apple dealt setback in fight against patent troll Lodsys @ The Verge - Sun, Sep 29, 2013 8:09 PM EDT
    Apple dealt setback in fight against patent troll Lodsys

    Back in 2011, Apple stepped up to protect iOS developers victimized by patent troll Lodsys, which asked for royalties from those utilizing in-app purchasing technology. Ars Technica reports that after two years of debate, the judge presiding over the case dismissed Apple's case to protect developers. Apple's argument was …

Next >>
Next >>