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Officials said Monday that Citigroup will forfeit nearly $100 million for money laundering failures in its Banamex USA subsidiary. (AP)

Citi Forfeits $97M For Banamex's Lax AML Oversight

Citigroup Inc. agreed to forfeit $97.4 million as part of a federal nonprosecution agreement to resolve criminal allegations that Citi subsidiary Banamex USA violated the Bank Secrecy Act by willfully failing to maintain an effective anti-money laundering compliance program, officials said Monday.

  • Justices Deny Abbott & Costello Heirs' Copyright Appeal

    The U.S. Supreme Court on Monday declined to hear an appeal that would revive a copyright case against the producers of a popular Broadway play that features the famous "Who's on First?" comedy routine pioneered by comedy duo Abbott and Costello.

  • Supreme Court Won’t Take Up US Bank Whistleblower Case

    The U.S. Supreme Court on Monday said it would not hear an appeal seeking to revive a whistleblower lawsuit alleging that U.S. Bank NA defrauded a federal mortgage program.

  • High Court Limits Where Patent Suits Can Be Filed

    The U.S. Supreme Court on Monday put tighter restrictions on where patent owners can file infringement lawsuits, a decision that upends nearly 30 years of established practice and will likely force many lawsuits out of the patent litigation hotbed of the Eastern District of Texas.

  • Hague Convention Allows For Service By Mail, Justices Say

    Lawsuit process service abroad can properly go through a mailbox under the Hague Service Convention, provided the jurisdiction hearing the suit recognizes mail service and the foreign jurisdiction doesn't object, the U.S. Supreme Court said Monday in a unanimous decision reviving a splash pad company's dormant Texas trade secrets suit.

  • Justices Nix Challenge To Backdated Mich. Tax Law

    A backdated legislative change in Michigan that knocked out anticipated tax refunds for a number of corporations, including IBM, Gillette and Goodyear, will remain in place after the U.S. Supreme Court on Monday decided against reviewing the companies’ constitutional concerns over the change.

  • High Court Agrees To Eye PTAB’s Partial AIA Review Policy

    The U.S. Supreme Court decided Monday to consider if the Patent Trial and Appeal Board can choose to review only some patent claims challenged in America Invents Act reviews, taking up a case arguing that the board must issue a final decision on all challenged claims.

  • Clariant, Huntsman Ink Deal To Form $20B Specialty Chemicals Co.

    Switzerland-based Clariant and Texas-based Huntsman unveiled a merger of equals on Monday poised to create a global specialty chemical company worth $20 billion, paving the way for a tie-up after years of rumors the two were exploring a deal.

  • Comey Agrees To Testify In Senate Over Russia Probe

    Recently fired FBI director James Comey has agreed to testify in open session before the Senate Select Committee on Intelligence on his role in the ongoing probe into Russian interference in the 2016 presidential election, the ranking senators of the committee announced late Friday.

  • Fiat Plans To Modify Emissions Software In 100K Vehicles

    Fiat Chrysler plans to modify the software used in more than 100,000 diesel vehicles, a move the company believes will help quickly end government investigations into possible excess emissions, the automaker announced Friday.

  • Proskauer Sex Bias Case May Prompt More 'Jane Doe' Suits

    A federal judge's recent decision to allow a Proskauer Rose LLP partner who brought a $50 million gender discrimination suit against the firm to proceed under the pseudonym "Jane Doe" may spur an increase in bias plaintiffs seeking to pursue their suits anonymously, experts say.

  • NY AG Hits Exxon With More Subpoenas In Climate Probe

    New York Attorney General Eric Schneiderman said Friday that his office has issued additional subpoenas to ExxonMobil in his climate change probe of the oil giant and has questioned witnesses over concerns the company is violating its duty to preserve documents relevant to the investigation.

  • Hospira Comes Out $40K Ahead In Verdict Against GSK

    An Illinois federal jury concluded on Friday that both GlaxoSmithKline and Hospira were injured by the fallout over a troubled contract to manufacture a flu vaccine and awarded both parties damages, giving Hospira a slight edge of $40,000.



Patent Glory Days Could Be Numbered For East Texas

By Erin Coe

This Supreme Court term may mark the end of one of the decade’s biggest patent law stories — the growth of the Eastern District of Texas rocket docket. (Editor’s note: This feature on the TC Heartland case was first published in March.)

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