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  • August 2, 2010

    Williams & Connolly Reps Harman In Newsweek Deal

    The Washington Post Co. said Monday that it would sell its financially foundering Newsweek title to Sidney Harman, the 91-year-old founder of audio equipment maker Harman International.

  • August 2, 2010

    Alien Tort Statute Could Be BP's 'Sleeping Giant'

    Should the oil from the BP PLC spill in the Gulf of Mexico wash up on foreign shores, the company could face claims under the Alien Tort Statute, but experts disagree on the success the plaintiffs bar will have in litigating claims brought by foreign citizens in U.S. courts.

  • August 2, 2010

    Gillette Reaches $7.5M Deal In Razor False Ad Suit

    The federal judge overseeing the multidistrict litigation accusing Gillette Co. of misstating the efficacy of its M3 Power Razor in advertisements has given preliminary approval to a settlement fund worth up to $7.5 million.

  • August 2, 2010

    Va. Has Standing To Dispute US Health Care Law: Judge

    A federal judge on Monday refused to dismiss Virginia's constitutional challenge to President Barack Obama's health care overhaul, ruling that the state has standing to sue the U.S. over a regulation that preempts state law.

  • August 2, 2010

    Conn. AG Probes Apple, Amazon E-Book Deals

    Connecticut's attorney general has launched an antitrust probe examining Amazon.com Inc. and Apple Inc.'s agreements with the country's largest e-book publishers, claiming the deals may keep rival e-book sellers from offering the products at cheaper prices.

  • July 30, 2010

    House Narrowly Passes Oil Spill Bill

    The U.S. House of Representatives narrowly passed a bill Friday that was rolled out in the wake of the BP PLC oil spill in the Gulf of Mexico to strengthen the safety rules for offshore drilling and lift the $75 million cap on oil company liability for spills.

  • July 30, 2010

    Limits To 'Pass-On' Defense May Up The Ante In Calif.

    A recent decision by the California Supreme Court nixing the ability of defendants to use a "pass-on" defense to limit liability in antitrust suits has solidified the state's status as a preferred venue for plaintiffs, and may lead to more antitrust filings there, antitrust experts say.

  • July 30, 2010

    Gaming Guru Garriott Wins $28M Over Firing

    A federal jury has awarded computer gaming pioneer Richard Garriott $28 million in a breach of contract suit alleging his former employer, Korea-based NCsoft Corp., fired him then cost him millions by forcing him to sell his stock options during the depths of the downturn.

  • July 30, 2010

    ADA-ES Wins $12M In Calgon Marketing Contract Spat

    A federal jury has handed down a $12 million verdict in favor of ADA-ES Inc. in its contract fight with Calgon Carbon Corp. over the marketing of mercury removal products to the electric power industry.

  • July 30, 2010

    Sen. Panel Advances Ban On Pay-For-Delay Deals

    The Senate Appropriations Committee has voted to advance legislation designed to limit pay-for-delay settlements, a rare victory for critics of the practice.

  • July 30, 2010

    Northwest To Pay $38M In Cargo Price-Fixing Probe

    Northwest Airlines has agreed to plead guilty and pay a $38 million fine for its role in a price-fixing conspiracy for international air cargo rates that has ensnared the industry and prompted 15 other airlines to cop deals.

  • July 30, 2010

    Trustee Seeks $30M From Madoff Family Ventures

    The trustee charged with salvaging cash for victims of the Madoff Ponzi scheme has descended upon the swindler’s family companies, filing three suits to recover tens of millions of dollars used to bankroll various Madoff businesses, including technology and energy ventures.

  • July 30, 2010

    Disney Sells Miramax To Investor Group For $660M

    The Walt Disney Co. agreed Friday to sell Miramax Films for $660 million to a group including construction mogul Ron Tutor and private equity executive Tom Barrack, ending a protracted bidding war for the former indie movie powerhouse.

  • July 29, 2010

    Intel Indirect Purchasers Dealt Blow In Class Cert. Bid

    A special master in the multidistrict antitrust litigation against Intel Corp. recommended Thursday that the court reject a motion to certify a class of indirect purchasers, finding that the consumers had failed to show commonality.

  • July 29, 2010

    Ariz. Seeks Expedited Appeal Of Immigration Ruling

    The state of Arizona is seeking an expedited appeal of a ruling granting the U.S. government an injunction stopping the most controversial provisions of the state's new immigration law from taking effect this week.

  • July 29, 2010

    Cuomo Hits Prudential, MetLife In Life Insurance Probe

    As part of a new probe into the life insurance industry, New York Attorney General Andrew Cuomo has subpoenaed Prudential Financial Inc. and MetLife Inc. for purportedly defrauding military families and others of hundreds of millions of dollars in life insurance settlements.

  • July 29, 2010

    Citi To Pay $75M Over Subprime Exposure Claims

    Citigroup Inc. has agreed to pay $75 million to resolve U.S. Securities and Exchange Commission allegations that it failed to fully disclose the extent of its subprime mortgage-related asset exposure in 2007.

  • July 29, 2010

    Toyota Recalls 400K More Cars Over Steering Issues

    Toyota Motor Corp. announced Thursday a recall of more than 400,000 Avalon sedans and Lexus 470 SUVs sold in the U.S. due to steering problems, adding to the millions of other vehicles the beleaguered automaker has recalled in recent months.

  • July 29, 2010

    Skilling Seeks Bail During 'Honest Services' Remand

    Imprisoned ex-Enron Corp. CEO Jeffrey Skilling is seeking to be released on bail while he appeals his conviction in the wake of a U.S. Supreme Court decision invalidating the government's theory of honest services fraud.

  • July 29, 2010

    Visa May Face DOJ Antitrust Suit Over Surcharge Rules

    The U.S. Department of Justice is considering launching an antitrust suit against Visa Inc. over its rules preventing merchants from charging customers for using credit cards, though the financial giant has said it is in talks to resolve both the government's concerns and similar claims in related litigation.