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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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)
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.
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.
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.