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AT&T, the DOJ's theory goes, could threaten to withhold content to gain leverage against DirecTV's rivals and press for higher prices that will ultimately result in higher subscription costs for their customers. (AP)

Up First In AT&T-Time Warner Trial: The Negotiators

The U.S. Department of Justice is likely to come out swinging Monday on its first full day of witness testimony in the AT&T-Time Warner merger trial, putting on the stand an executive from Sling TV, a chief competitive threat to AT&T’s DirecTV, as well as the head of Time Warner’s Turner.

  • DC Circ. Tosses Penalties Against Ex-Ernst & Young Partner

    A D.C. Circuit panel on Friday overturned penalties against a former Ernst & Young LLP partner imposed by the SEC’s Public Company Accounting Oversight Board, saying the board violated the accountant’s rights by refusing his request to have an expert witness present during an interview.

  • 2nd Circ. Affirms Dismissal Of Organic Baby Food Claims

    The Second Circuit on Friday declined to revive a proposed class action brought by parents accusing Abbott Laboratories Inc. of falsely representing its baby formula as organic, saying their claims were barred by the Organic Foods Production Act.

  • Remington Ch. 11 Filing Days Away, Co. Says

    New documents filed by gun maker Remington Outdoor Co. Inc. on Friday describe details of the restructuring support agreement it has reached with secured creditors as well as the terms of potential post-petition financing for the company when it files an expected Chapter 11 petition in Delaware in the coming days.

  • Feds Charge 9 In $3.4B Cyber Heist Of Universities' IP

    The U.S. on Friday indicted nine Iranian nationals accused of leading a global, state-backed hacking campaign against federal agencies, hundreds of universities and dozens of private companies that looted about $3.4 billion worth of U.S. academic data and intellectual property.

  • Texas Justices Free JPMorgan From Eagle Ford Lease Row

    The Texas Supreme Court agreed with a trial court's toss of Orca Assets GP LLC's $400 million lawsuit alleging JPMorgan Chase Bank NA fraudulently double-leased an oil and gas property in the Eagle Ford Shale, ruling Friday that Orca ignored “red flags” in the negotiations.

  • NY Fines BofA $42M Over Electronic Trading Practices

    Bank of America Merrill Lynch will pay a $42 million penalty after admitting to having misled institutional clients about how their stock orders were being handled, New York Attorney General Eric Schneiderman said on Friday.

  • DOT Inspector General Opens Audit Of Collapsed Fla. Bridge

    The U.S. Department of Transportation’s Office of the Inspector General announced an audit Thursday of the Miami-area pedestrian bridge that collapsed just a week after it was installed, killing six people.

  • Chadbourne Gets Nod For $3.1M Deal Ending Sex Bias Suit

    A Manhattan federal judge has signed off on a $3.1 million deal to end a proposed class action brought by three female lawyers alleging that Chadbourne & Parke LLP, which merged with Norton Rose Fulbright LLP last year, systematically underpaid women.

  • Trump Signs $1.3T Spending Bill After Mulling Veto

    President Donald Trump signed legislation Friday that would fund the federal government through September, avoiding a government shutdown this weekend after publicly mulling vetoing the bill.

  • HSBC, RBS Parents Beat Forex Suit, Others Still On Hook

    A New York federal judge on Thursday cleared HSBC Holdings PLC and The Royal Bank of Scotland Group PLC from a proposed class action accusing several big banks of a conspiracy to rig benchmark foreign exchange rates, finding that the court lacks personal jurisdiction over the two.

  • AT&T, Time Warner Say DOJ Lacks 'Crystal Ball' In Opening

    The U.S. Department of Justice urged a D.C. federal judge in opening arguments Thursday to focus on the facts of AT&T's incentives to leverage Time Warner's content post-merger, while the companies argued it's the government's job to ensure no "crystal ball" is needed to see the tie-up's impacts.

  • Rakoff Spares 3 Swiss Tax-Evasion Cooperators Prison Time

    Three Swiss men who helped Americans dodge tax obligations avoided prison Thursday after Manhattan U.S. District Judge Jed S. Rakoff credited their extensive cooperation and expressed dismay over backlash two of them experienced in their native country.