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