Top News

  • January 24, 2017

    Bail-Jumping Ex-Analyst Ruled Fit For Insider Trading Trial

    A Manhattan federal judge shot down a former fund analyst's attempt to delay his insider trading trial Tuesday, saying defendant John Afriyie does not need psychiatric evaluation, before a jury began hearing allegations that he used his mother's brokerage to turn a $1.5 million profit from knowledge of a leveraged buyout.

  • January 24, 2017

    Ex-Goldman Coder's Theft Conviction Reinstated

    A New York appeals court reinstated the guilty verdict against former Goldman Sachs Group Inc. programmer Sergey Aleynikov, finding Tuesday that state prosecutors had the evidence needed to convict the programmer of stealing code from the bank's high-frequency trading platform.

  • January 24, 2017

    Trump Takes Action On Keystone, Dakota Access Pipelines

    President Donald Trump on Tuesday signed presidential memoranda aimed at pushing forward the Keystone XL and Dakota Access oil pipelines, controversial projects whose progress was slowed by former President Barack Obama amid fierce resistance from tribes and environmental groups.

  • January 24, 2017

    UK Supreme Court Blocks Gov't On Brexit Trigger

    The U.K. Parliament ultimately holds the power to trigger the process to quit the European Union, the Supreme Court ruled on Tuesday, in a decision which might see the government miss its self-imposed deadline to begin leaving the 28-nation bloc by the end of March.

  • January 23, 2017

    Senate Confirms Trump CIA Pick Despite Privacy Concerns

    After hearing out objections from a number of Democrats over privacy concerns, the Senate on Monday approved President Donald Trump’s pick for Central Intelligence Agency director, Rep. Mike Pompeo, R-Kan., as the third member of the new president’s administration.

  • January 23, 2017

    Citi To Pay $29M In CFPB Mortgage Servicing Settlement

    The Consumer Financial Protection Bureau on Monday fined two Citigroup Inc. subsidiaries a combined $28.8 million for giving borrowers “the runaround” on mortgage servicing questions and making it harder to avoid foreclosures.

  • January 23, 2017

    SEC Pays $7M To Whistleblowers For Investment Scheme Tips

    The U.S. Securities and Exchange Commission on Monday handed over $7 million, its sixth-highest whistleblower award ever, to three individuals who helped the agency successfully prosecute an investment scheme, bringing the program’s total endowment to approximately $149 million.

  • January 23, 2017

    Trump Overhauls US Trade Policy With TPP Withdrawal

    President Donald Trump pulled the U.S. out of the Trans-Pacific Partnership Monday, undoing one of the Obama administration’s signature economic achievements with the stroke of his pen to usher in a new era of U.S. trade policy that will focus on enforcement and smaller accords.

  • January 23, 2017

    DOJ Wins Bid To Block $37B Aetna-Humana Merger

    A District of Columbia federal judge on Monday sided with the U.S. Department of Justice in the government's suit to block the proposed $37 billion merger between health insurance giants Aetna Inc. and Humana Inc.

  • January 23, 2017

    Insider Trading Defendant Busted After Skipping Trial

    A former investment analyst accused of using his mother's brokerage account to profit from inside knowledge of a $15 billion merger was taken into custody Monday after a Manhattan federal judge ordered his arrest for failing to appear at day one of his criminal trial.

  • January 20, 2017

    Among Trump's First Orders Is One To Ease ACA Regulations

    President Donald Trump got to work on his first day in office, signing executive orders including one that aims to “ease the economic burdens” of the Affordable Care Act in advance of its promised repeal, according to reports on Friday.

  • January 20, 2017

    Merck Pays Bristol-Myers $625M In Cancer Treatment IP Row

    Merck will pay Bristol-Myers Squibb $625 million to end an ongoing intellectual property battle over an immunotherapy cancer treatment, the companies announced on Friday, ending multiple cases including three lawsuits in Delaware federal court and setting up a 10-year licensing agreement.

  • January 20, 2017

    Apple Sues Qualcomm Over Royalty 'Extortion,' $1B Withheld

    Apple accused Qualcomm on Friday in California federal court of illegal business practices, overcharging Apple “billions of dollars” in royalties, withholding nearly $1 billion in rebates and trying to extort Apple after it cooperated in a Korean regulator’s investigation into the chipmaker’s licensing practices.

  • January 20, 2017

    Mitsubishi To Pay $75M To End Direct Buyers' CRT Claims

    Direct buyers of Mitsubishi televisions urged a California federal judge Thursday to approve the company's agreement to resolve their antitrust claims for $75 million in the sprawling cathode ray tube price-fixing multidistrict litigation.

  • January 20, 2017

    Societe Generale Owes $50M For Lying About $780M In RMBS

    Paris-based bank Societe Generale will pay $50 million to settle claims that it lied to investors about $780 million in residential mortgage-backed securities, the U.S. Department of Justice said Friday.

  • January 20, 2017

    Senate Approves Defense Sec. As 1st Trump Cabinet Member

    The Defense Department will have a new head, as the Senate approved the nomination of a former Marine general hours after President Donald Trump was sworn in Friday, the first member of the new president’s cabinet.

  • January 20, 2017

    FCC’s Pai Named New Permanent Chairman Of Agency

    Republican Commissioner Ajit Pai of the Federal Communications Commission has been named its new permanent chairman in a selection made official Monday, elevating an Open Internet Order critic and launching a new era in telecom policymaking.

  • January 20, 2017

    Paramount Settles 'Star Trek' Fan Film Copyright Suit

    The producers of an unauthorized "Star Trek" fan film have reached a settlement with Paramount Pictures and CBS to end a closely watched copyright infringement lawsuit over the project, the parties announced Friday.

  • January 20, 2017

    Newly Minted As President, Trump Puts Trade At The Fore

    Soon after Donald J. Trump was sworn in as the 45th president of the United States on Friday, he doubled down on the economic nationalism underpinning his trade policy, vowing to bring back manufacturing jobs and punish foreign producers that have pushed U.S. companies out of business.

  • January 20, 2017

    Texas Justices To Review Houston Same Sex Benefits Policy

    The Texas Supreme Court on Friday agreed to review claims that Houston wrongly awarded spousal benefits to same-sex couples who were married out of state before the U.S. Supreme Court’s Obergefell decision declared state bans on same-sex marriage unconstitutional.

Expert Analysis

  • Election Year Expectations For Energy, Environment

    Christopher Rissetto

    As U.S. Congress and federal agencies consider, and possibly decide, a number of budget, funding and regulatory matters over the next few months, energy and natural resource client interests can be carefully advanced by recognizing the currents on Capitol Hill, and the recognized imperative to accomplish certain legislative and administrative goals, say Christopher Rissetto and Robert Helland of Reed Smith LLP.

  • Apple's Trademark Fight In China: The Saga Continues

    Toni Hickey

    In its ongoing battle to secure trademark rights to the iPad trademark in China, Apple Inc. has appealed a decision of Shenzhen’s Municipal Intermediate People's Court, which ruled that Proview Technology is the owner of the iPad trademark. It appears that this fight is far from resolved, says Toni Hickey of Foley & Lardner LLP.

  • Gupta And The Future Of Insider Trading Policy

    Thomas Gorman

    There should be little doubt that the Rajat Gupta case will propel the war on insider trading forward. The verdict is likely to bolster the U.S. Securities and Exchange Commission’s insider trading program, and may embolden the SEC’s push on the contours of what constitutes insider trading, says Thomas Gorman of Dorsey & Whitney LLP.

  • An EPA Victory In Greenhouse Gas Regulation

    Kevin Poloncarz

    In Coalition for Responsible Regulation v. U.S. Environmental Protection Agency, the D.C. Circuit has affirmed the EPA's approach to regulation of greenhouse gases under the Clean Air Act — a sharp rebuke to industry and state petitioners who have been attempting to overturn these rules, say Kevin Poloncarz and Michael Balster of Paul Hastings LLP.

  • Why FCC V. Fox Should Launch FCC Enforcement Actions

    Morgan Bennett

    Even though the U.S. Supreme Court sidestepped the First Amendment question in its Federal Communications Commission v. Fox ruling, there is no apparent lack of support from the court majority regarding the FCC’s ability to regulate indecent speech on the pervasive airwaves of broadcast media. The FCC should now turn to vigorous enforcement of indecency law, say Morgan Bennett and Patrick Trueman of Morality In Media Inc.

  • The In Re IPhone App Dismissal Order: Key Holdings

    Mali Friedman

    A California federal judge's recent dismissal with prejudice of most claims asserted by consumer plaintiffs in In re iPhone Application Litigation could have a far-reaching effect in limiting plaintiffs’ ability to use the Stored Communications Act and the Wiretap Act to pursue alleged harms arising out of online data collection and use, say Shel Abramson and Mali Friedman of Covington & Burling LLP.

  • An Imprecise Measure Of Loss — At Best

    David Marcus

    The U.S. Sentencing Commission recently issued a proposed amendment to the Federal Sentencing Guidelines for securities fraud and similar offenses in response to the Dodd-Frank Act. If the amendment is implemented, use of the calculation would lead to frequent misstatements of the actual harm that the alleged fraud caused to the public and, hence, would lead to unfair sentencing, say David Marcus, Greg Eastman and Marina Martynova ... (continued)

  • Challenging Tribal Land-Into-Trust Acquisitions

    Heidi Staudenmaier

    The U.S. Supreme Court’s decision in Match-E-Be-Nash-She-Wish Band of Pottawatomi Indians v. Patchak has a much wider impact than on just the Gun Lake Casino. The ruling could lead to other challenges of tribal land acquisitions, which, in turn could inhibit would-be investors who might otherwise lend to tribes or invest in gaming projects, say Heidi McNeil Staudenmaier and Erin Szajna of Snell & Wilmer LLP.

  • Section 102: A Dead Letter For Qualifying Claims

    Anthony Kuhlmann

    The desire of the Prometheus court to avoid rendering as a dead letter the "law of nature" exception to § 101 patent-eligibility has, apparently unwittingly, rendered § 102 a dead letter for certain types of claims, say Anthony Kuhlmann and Barry Wilson of Sheppard Mullin Richter & Hampton LLP.

  • Eye On Tech Sector — 2012

    Nadia Harto

    As predicted, investors remain cautious in 2012 amid market uncertainty stemming from the eurozone crisis. So far this year, we have witnessed a small decline in technology mergers and acquisitions, while the performance of technology companies in the public markets took a bit of a tumble following Facebook Inc.’s flotation, say Nadia Harto and Jon Gill of Eversheds LLP.