Top News

  • October 8, 2009

    Lawmakers Vexed By Google Call-Blocking

    AT&T Corp.’s recent assault on Google Inc.’s phone service has aroused interest on Capitol Hill, with lawmakers urging the Federal Communications Commission to investigate whether Google Voice unfairly blocks calls to rural telephone exchanges in order to avoid expensive access charges.

  • October 8, 2009

    DHS Rescinds 'No-Match' Illegal Worker Rule

    The U.S. Department of Homeland Security has rescinded a controversial “no-match” rule that was intended to prevent the employment of illegal immigrants, but failed to take effect after becoming tied up in a court battle.

  • October 8, 2009

    US Asks WTO To Resolve EU Poultry Ban Dispute

    The U.S. asked the World Trade Organization Thursday to settle a trade dispute over the European Union's long-standing ban on imports of poultry cleansed with pathogen reduction treatments.

  • October 8, 2009

    DOJ Targets IBM With Antitrust Investigation

    The U.S. Department of Justice has launched a probe to investigate claims that IBM Corp. has used its dominant position in the mainframe hardware and associated operating system market to leverage out would-be competitors, according to an industry trade association.

  • October 8, 2009

    UK Regulator Opposes Ticketmaster-Live Nation Merger

    U.K. competition authorities have issued a preliminary ruling opposing the proposed $2.5 billion merger of Ticketmaster Entertainment Inc. and concert promoter Live Nation Inc., saying the deal has the potential to curb competition in the market for live music ticketing.

  • October 8, 2009

    Dan Rather Strikes Out Again With Firing Suit

    A New York Supreme Court judge has bounced a second suit filed by former CBS anchor Dan Rather over his controversial firing on the heels of an appellate court tossing out his original $70 million breach of contract claim.

  • October 7, 2009

    Nov. 9 Deadline For Revised Google Books Deal

    Google Inc. reportedly has until Nov. 9 to rework its proposed $125 million royalty settlement with authors and publishers relating to its Google Books service after a judge hinted Wednesday that the current settlement would not be approved in its current form.

  • October 7, 2009

    JPMorgan Gets OK To Intervene In WaMu's FDIC Suit

    The court overseeing Washington Mutual Inc.'s suit against the Federal Deposit Insurance Corp. over the $1.9 billion sale of WMI's banking operations to JPMorgan Chase & Co. has allowed JPMorgan to intervene as a defendant in the case, rejecting the argument that the automatic stay from WMI's bankruptcy case barred JPMorgan from getting involved in the suit.

  • October 7, 2009

    Perelman Loses Bid To Retry Coleman Case

    A Florida appeals court has turned down billionaire Ronald Perelman's bid to retry a $1.6 billion case against Morgan Stanley & Co. Inc. over the sale of camping supply manufacturer Coleman Co.

  • October 7, 2009

    SEC Appeals Dismissal Of Mark Cuban Securities Suit

    The U.S. Securities and Exchange Commission will appeal a district court's dismissal of an insider trading suit against billionaire Dallas Mavericks owner Mark Cuban, the agency told a court Wednesday.

  • October 7, 2009

    Microsoft's Browser Changes Get Early Nod From EU

    Competition concerns raised by European antitrust authorities over Microsoft Corp.'s bundling of its Internet Explorer Web browser with its Windows operating system are headed toward a resolution, the top antitrust regulator for the European Union said Wednesday.

  • October 7, 2009

    Sprint Settles Suits Over Virgin Mobile Deal

    Sprint Nextel Corp. has reached settlements in five separate lawsuits filed after the announcement of a proposed $483 million merger with Virgin Mobile USA Inc., which was announced in July, according to a regulatory filing Wednesday.

  • October 7, 2009

    EU Fines 6 Transformer Producers €67.7M Over Cartel

    The European Commission has fined six power transformer producers a total of €67.6 million ($100 million) for running a market-sharing cartel the companies allegedly referred to as a “gentlemen's agreement.”

  • October 7, 2009

    Some Lawyers Set To Earn Top Billing Rates In '10

    In the race for client business, not all practice areas are created equal. In 2010, lawyers commanding premium rates will be in regulatory, bet-the-company litigation, intellectual property litigation, and mergers and acquisitions, according to a new report from the BTI Consulting Group Inc.

  • October 6, 2009

    Congress Opens Fire On High Court Age Bias Ruling

    Sen. Tom Harkin, D-Iowa; Sen. Patrick Leahy, D-Vt.; and Rep. George Miller, D-Calif., have taken up arms following the U.S. Supreme Court's June decision in favor of FBL Financial Services Inc., launching legislation they claim will “restore vital civil rights protections” for older workers after the high court made it more difficult to prove age discrimination.

  • October 6, 2009

    2nd Circ. Halts Release Of Fed Bailout Docs

    The U.S. Court of Appeals for the Second Circuit ruled Tuesday to stay a lower court order that the Federal Reserve must hand over the names of banks participating in its emergency lending program to financial news service Bloomberg LP.

  • October 6, 2009

    EU Court Revives Glaxo Dual Pricing Case

    Giving heart to the pharmaceutical industry, the European Union’s highest court has ordered regulators to reconsider whether GlaxoSmithKline PLC should be exempted from antitrust law and allowed to raise prices against discounted trade among member countries.

  • October 6, 2009

    2nd Circ. Finds Rigases' Prison Terms Reasonable

    A federal appeals court has rejected the appeal of the founder of cable company Adelphia Communications Corp. and his son, saying their lengthy prison terms for fraud are reasonable.

  • October 6, 2009

    EU Targets Sanofi, Other Drug Cos. In Antitrust Raids

    European Commission officials raided several major drug manufacturers on Tuesday, reportedly including Sanofi-Aventis SA, as part of an investigation into anti-competitive practices.

  • October 6, 2009

    Firms Use Recession To Snag Corporate Talent

    While work and opportunity for corporate finance attorneys has yet to return to prerecession levels, a number of law firms are turning the economic downturn into a chance to snap up top corporate and mergers and acquisitions attorneys, according to legal industry consultants.