The Indian government will amend the country’s Income Tax Act to clarify that foreign investors won’t have to pay the minimum alternate tax on income earned before April 1 of this year, Indian Finance Minister Arun Jaitley said Tuesday.
Haggen Holding LLC launched a $1 billion antritrust suit against Albertsons LLC on Tuesday in Delaware federal court, claiming the defendant sabotaged the West Coast regional grocer's efforts to become a viable competitor, forcing Haggen to close at least 26 stores it bought from Albertsons.
Uber Technologies Inc. drivers scored a major victory against the ride-hailing company Tuesday when a California federal judge agreed to certify a class of Golden State drivers who claim they were mislabeled as independent contractors and cheated out of tips.
The Patent Trial and Appeal Board is taking a close look at a hedge fund's attempt to invalidate a Shire PLC drug patent, requesting more information Tuesday on whether two of the fund's petitions should be dismissed for abusing the America Invents Act review program.
A Virginia federal jury cleared drugmaker Eli Lilly & Co. on Tuesday of allegations it had negligently downplayed the risks of Cymbalta withdrawal in its labeling, shooting down the last claims of a trimmed-down suit from two women who claimed they suffered severe withdrawal symptoms.
The IRS on Tuesday released regulations to curb the use of partnerships to structure transactions to avoid recognizing taxable income with respect to controlled foreign corporations.
British buyout group Montague Private Equity, which targets middle-market companies around Europe and the U.S., said Monday it has closed its fifth fund after reaching its €2.75 billion ($3.1 billion) hard cap, advised by Proskauer Rose LLP.
A New York federal judge on Tuesday approved a nonmonetary settlement in a class action accusing the NHL of conspiring to inflate the price of broadcast rights for games, and awarded plaintiffs' attorneys $6.5 million in fees and expenses.
A Florida jury on Tuesday found a woman who died of lung cancer primarily responsible for her death, saying R.J. Reynolds Tobacco Co. bears just 25 percent of the fault for $750,000 in damages and rejecting her husband's bid for $9.2 million, plus punitive damages.
Hausfeld LLP has expanded its London office with the addition of a Freshfields Bruckhaus Deringer LLP attorney whose practice encompasses all aspects of contentious and noncontentious European Union and competition law, the firm said on Tuesday.
A California federal judge on Monday ruled that the alleged “near catatonic” state of Clear-View Technologies Inc.’s second-chair counsel during trial isn’t grounds to set aside a jury verdict letting M&R Solutions LLC off the hook for allegedly stealing Clear-View’s intellectual property.
A couple suing a Kentucky county clerk for refusing to provide marriage licenses in protest of the country’s legalization of same-sex marriage asked a federal judge Tuesday morning to find her in contempt of court after she ignored the previous day's order from the U.S. Supreme Court essentially telling her to do so.
The California State Senate passed a measure Monday aimed at closing the wage gap so women are paid equally for work substantially similar to work done by men, the bill's author said, after the governor’s office promised he would sign it.
Redflex Traffic Systems Inc. is under fire in Chicago once again as the city has revealed that it will intervene in a recently unsealed whistleblower complaint accusing the red light camera manufacturer of bribing a former city official for millions of dollars' worth of contracts.
The U.S. Supreme Court said Monday it would allow former Virginia Gov. Bob McDonnell to remain free while it mulls whether to review his bribery conviction and two-year prison sentence.
A Brooklyn federal judge on Monday rejected summary judgment bids by Polar Air Cargo Inc., Air China Ltd., Air India Ltd. and Air New Zealand Ltd., four holdout defendants in multidistrict litigation accusing carriers of a fixing global air cargo fuel and security surcharges, setting a trial to begin in January.
A New York federal judge said Monday he plans to issue a ruling in a matter of days in the Deflategate dispute between New England Patriots quarterback Tom Brady and the NFL, after the parties again failed to reach a settlement.
The Second Circuit on Monday reversed a decision that allowed bondholders seeking to collect debt from Argentina to go after the country’s central bank, finding that the bondholders failed to show that the bank is the country’s alter ego.
The U.S. International Trade Commission determined on Friday that Microsoft Corp. and Nokia Corp. hadn’t infringed two of InterDigital Communications Inc.'s smartphone network connection patents and refused to block Nokia handsets from import and sale in the U.S.
A New York federal judge on Friday awarded partial attorneys’ fees to HTC Corp., Motorola Mobility LLC and BlackBerry Ltd. in a dismissed patent infringement suit brought by Advanced Video Technologies LLC, which the judge called a "patent troll” that must pay fees under the U.S. Supreme Court's Octane ruling.
These days, jurors and judges are so accustomed to seeing graphics — on the street, on the Web, on their smartphones — that they expect to see something good in the courtroom. The best graphics are composed of consequential information, clearly displayed, with emphasis on what matters most, paired with artwork that adds meaning. This simultaneously compels people to think, feel and make decisions, says Aaron Stienstra, design direc... (continued)
United Technologies Corporation's global settlement with the U.S. Departments of State and Justice underscores the importance of a robust compliance program to prevent, detect and remediate any violations of export control laws or regulations — especially if products and services are destined for China, say Jeffrey Gerrish and Soo-Mi Rhee of Skadden Arps Slate Meagher & Flom LLP.
Following the U.S. Supreme Court's treatment of the machine-or-transformation test in Mayo Collaborative Services Inc. v. Prometheus Laboratories Inc., the test — previously thought to be the governing test for patent eligibility under § 101 — no longer appears to occupy such a prominent role in patent-eligibility jurisprudence, says William Merkel of Marshall Gerstein & Borun LLP.
“This is an easy case,” Justice Antonin Scalia wrote in his opinion in Radlax Gateway Hotel LLC v. Amalgamated Bank, settling the issue of whether the Bankruptcy Code grants the secured creditor a right to credit bid in an auction sale under a plan. But interestingly, the opinion barely mentions the infamous Philadelphia News decision from the Third Circuit which was effectively overruled by the U.S. Supreme Court, say attorneys wi... (continued)
While the New York state Senate did not act on the Foreclosure Fraud Prevention Act of 2012 before adjourning its regular session — and as a result there is little chance the bill will be enacted this year — the bill represents the latest attempt by state governments to impose criminal liability on fraudulent foreclosure practices by mortgage servicers or their employees, say attorneys with Dechert LLP.
In United States v. Aleynikov, the Second Circuit recently created an unfortunate cloud over the scope of the federal trade secret statute. The decision detracts from the primary legislative objectives to promote and protect national economic security and punish individuals who misappropriate intellectual property in the form of trade secrets, say Mark Krotoski and Richard Scott of the U.S. Department of Justice.
Although the Patient Protection and Affordable Care Act and its coverage mandates have been upheld, the lack of regulatory guidance for many key areas of the statute creates uncertainty regarding implementation and enforcement. No matter how employers and plan fiduciaries approach the various coverage mandates, it is clear that the future is not without risk of litigation, say attorneys with Proskauer Rose LLP.
The Northern District of California's opinion in Oracle America Inc. v. Google Inc. is suprising given that there was direct copying and that the threshold of originality required for a work to qualify as copyrightable has traditionally been so low that the application programming interfaces almost certainly qualified as sufficiently original to be protected by copyright, says David Makman of the Law Offices of David A. Makman.
The Committee on Foreign Investment in the United States recently blocked yet another acquisition involving Chinese investors. Any foreign companies looking to invest in the U.S. should be wary of the scrutiny they may confront, and determine whether CFIUS review is likely, say George Wang and Yelena Kotlarsky of Haynes and Boone LLP.
ING Bank NV's $619 million fine to settle criminal charges is the largest ever against a financial institution in connection with an investigation into U.S. sanctions violations and related offenses. The enforcement action is also notable in several other respects, say attorneys with Steptoe & Johnson LLP.