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JPMorgan would pay $71 million, while Deutsche would pay $77 million, according to a motion for preliminary approval that said negotiations on the deals dragged on for months. (AP)

JPMorgan, Deutsche To Settle Libor Rigging Claims For $148M

JPMorgan Chase & Co. and Deutsche Bank AG have agreed to pay a combined $148 million to escape two investor suits alleging they rigged the Libor benchmark rate, according to a proposed deal Friday, asking for early approval despite both banks having technically been dismissed from one of the cases.

  • Intel, Apple Tag Qualcomm As 'Monopolist' In IP War At ITC

    Apple and Intel hit hard at Qualcomm in public statements filed Thursday with the U.S. International Trade Commission in a case where the chipmaker is seeking to bar iPhones that allegedly infringe its patents, with both companies accusing Qualcomm of seeking a monopoly on the technology.

  • Feds' Shkreli Case Nears End, Amid Testy Exchanges

    The government's case against "pharma bro" Martin Shkreli inched toward conclusion on Friday, with both sides engaged in heated sparring over the final pieces of evidence and testimony in the closely watched securities fraud trial.

  • Feds Look To Drop 'London Whale' Traders' Fraud Charges

    Federal prosecutors told a New York federal judge on Friday that they want to dismiss fraud and conspiracy charges against two European former derivatives traders at JPMorgan Chase & Co. involved in the $6 billion “London Whale” debacle, because they can’t extradite the defendants and can’t rely on their star witness.

  • Attys For VW 3.0L Vehicle Owners Score $125M In Fees

    A California federal judge on Friday approved $125 million in fees and costs for attorneys who represented owners of Volkswagen AG’s pricier 3.0-liter engine vehicles with emissions-cheating devices, according to an order that noted the fees wouldn’t pull from the class recovery funds.

  • Chancery Appraisal Cuts Sprint-Clearwire Deal Price In Half

    A Delaware Chancery judge on Friday appraised the per-share value of Clearwire Corp. at $2.13 in its $3.6 billion buyout by Sprint Nextel Corp., lower than half of the market price, dealing a major blow to Aurelius Capital Management LP, which pushed for an appraisal roughly eight times higher.

  • Key ACA Repeal Elements Need 60 Votes

    Important parts of Affordable Care Act repeal legislation cannot be approved in the U.S. Senate with a simple majority, dealing a fresh setback to the Republican repeal effort, according to procedural rulings Friday.

  • Nissan Hit With $25M Verdict For Brake Defect In Fatal Crash

    A braking system software defect in a Nissan-made SUV was the cause of a traffic accident that killed three people, a California jury held on Friday, awarding roughly $25 million to the surviving driver and family members of the deceased.

  • Kasowitz Stepping Aside From Russia Probe

    Marc Kasowitz is no longer playing an active role in the representation of President Donald Trump in the Russia investigation, according to multiple news reports Thursday night. 

  • Investment Adviser Takes SEC Admin Judge Case To Justices

    An investment adviser seeking to overturn a lifetime industry ban imposed by a U.S. Securities and Exchange Commission administrative law judge on Friday asked the U.S. Supreme Court to weigh in on whether the use of those judges violated the Constitution’s appointments clause.

  • WilmerHale Must Face 'Freeze-Out' Suit, Appeals Court Says

    The Massachusetts Appeals Court on Friday revived a lawsuit against WilmerHale and two attorneys, ruling that lawyers may owe fiduciary duties to minority shareholders of close corporations even when those shareholders aren’t their clients.

  • Amphastar Escapes $1B Momenta, Sandoz Infringement Suit

    A Massachusetts federal jury on Friday sided with Amphastar Pharmaceuticals in a patent battle with Momenta Pharmaceuticals and Sandoz, finding that Momenta’s patent for a generic blood thinner was invalid and that Momenta could not enforce it anyway.

  • DLA Piper To Acquire 60 LA Lawyers In Merger With Liner

    DLA Piper will swell its Southern California ranks by 60 attorneys through a merger with midsize boutique firm Liner LLP to form one of the 15 largest law practices in the Los Angeles market, the firms announced Thursday.

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Justice Breyer On Changing His Mind And Sparring With Scalia

By Sindhu Sundar

Justice Stephen Breyer discusses the extent to which oral arguments can influence his thinking and recalls his many debates with the late Justice Antonin Scalia, in the second of two articles based on an exclusive interview.

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