Edging out a Mohegan Sun-backed rival, Wynn Resorts Ltd. on Tuesday won the rights to a Massachusetts gambling license, which paves the way for it to build a $1.6 billion casino resort near Boston despite foreseen hiccups with an environmental review.
Bowing to public pressure, the U.S. Environmental Protection Agency on Tuesday extended the comment period for its proposal to cut carbon emissions from existing power plants for 45 days, although the agency said the extension won't affect the final June deadline.
The city of Detroit has secured the concessions it needed from retirees and certain bondholders to seal a settlement that will end Syncora Holdings Ltd.’s objections to its Chapter 9 restructuring plan, a source with knowledge of the situation said Tuesday.
A Texas federal jury on Monday ordered CBS Corp. to pay $1.3 million in damages after finding that it infringed a patent on disseminating media content that patent licensing firm Personal Audio LLC has asserted against numerous media companies and podcasters.
Alibaba Group Holding Ltd., the Chinese Internet giant that was already poised for the world’s largest initial public offering, lifted the deal's price range, according to a Monday regulatory filing, confirming earlier reports that strong investor demand could boost the offering.
E.I. du Pont de Nemours and Co. on Monday agreed to pay $1.85 million to settle allegations that it withheld 18 damning reports from the U.S. Environmental Protection Agency that might have spurred the regulator to ban the herbicide Imprelis more quickly.
Syncora Holdings Ltd. finalized a settlement on Monday of its objections to the city of Detroit's Chapter 9 restructuring that no longer requires concessions from two global investment banks, according to Syncora's attorney.
Women’s clothing company Ann Inc. on Monday again pushed back against activist hedge funds Engine Capital LP and Red Alder LLC, arguing that their push for Ann to sell itself for as much as $2.97 billion depends heavily on assumptions rather than new groundbreaking analysis.
Personal finance information service Bankrate Inc. revealed Monday that the U.S. Securities and Exchange Commission is investigating its 2012 financial statements and that its chief financial officer is stepping down and warned investors not to rely on its statements covering the 2011 to 2013 fiscal years.
Morgan Stanley Smith Barney LLC has agreed to pay a $280,000 civil penalty to resolve allegations that it failed to properly supervise the opening and handling of accounts that were ultimately used to facilitate a $35 million Ponzi scheme, the U.S. Commodity Futures Trading Commission said Monday.
German auto supplier ZF Friedrichshafen AG is set to acquire U.S. rival TRW Automotive Holdings Corp. for roughly $13.5 billion, the companies said Monday, in a deal designed to create a titan in the world of automotive suppliers.
U.K. tour operator TUI Travel PLC and its majority owner TUI AG have agreed to merge to create a €6.5 billion ($8.4 billion) European leisure and tourism travel giant, the companies announced Monday.
Billionaire activist investor Bill Ackman aims to raise $2 billion in the initial public offering of one of his funds, Pershing Square Holdings Ltd., in Amsterdam, according to a Monday statement, following rumors the fund had considered London for its listing.
The NFL could have to pay out roughly $950 million in total concussion claims over the course of its 65-year settlement term, assuming that roughly 60 percent of class members eligible for compensation participate in the deal, according to an actuarial report filed Friday.
The federal government said on Friday that it will ask a New Jersey federal court to find Bayer Corp. in contempt of a court order for touting the benefits of its Phillips' Colon Health dietary supplement in ads without scientific evidence to support the claims.
HSBC Holdings PLC will pay $550 million to end a New York federal suit brought by the Federal Housing Finance Agency accusing it of selling toxic residential mortgage-backed securities to Fannie Mae and Freddie Mac, it announced on Friday.
The D.C. Circuit on Friday revived a conservative group's antitrust suit against the Organization of the Petroleum Exporting Countries, saying that even though the group failed to properly serve OPEC, a district judge should reconsider whether to allow the organization to be served through its U.S. counsel White & Case LLP.
The U.S. and European Union moved in conjunction to dramatically escalate new sanctions against Russia on Friday, ratcheting up pressure on Moscow's financial, energy and defense sectors and further severing the nation's corporate titans from lucrative capital markets in response to the persistent unrest in Ukraine.
An agreement to give three board seats to Carl Icahn made Hertz Global Holdings Inc. the latest activist target to strike a settlement rather than risk a bitter proxy battle, a trend that defined this proxy season as corporate agitators continue to pick up steam.
The lead plaintiffs and underwriter banks in a class action accusing JPMorgan Chase & Co. and other financial institutions of misleading investors about the inherent risks of IndyMac Bank’s mortgage-backed securities reached a proposed $340 million settlement, according to a filing in New York federal court Thursday.
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.