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.
The incoming president’s plans to rein in the power of federal agencies will lead to uncertainty for lawyers and their clients as pending investigations and rulemaking are stopped in their tracks.
A new look at the potential U.S. Supreme Court nominees’ rulings reveals a ranking of judicial influence with some surprises at the top — and at the bottom.
Jones Day’s Donald McGahn is stepping into the role of White House counsel, a powerful but little-understood position that has a strong history of impacting the president’s authority.
The alignment of law firms with or against the new administration in legal battles to come could open rifts among attorneys and clients. But the publicity earned for taking on a potentially unpopular case could ultimately be worth any public fallout.
Uber Technologies Inc. agreed Thursday to pay $20 million in a deal with the Federal Trade Commission over claims it made to prospective drivers about how much they could earn in a year and financing deals they could score on a new vehicle.
Walgreen Co. will pay $50 million to settle allegations that it gave kickbacks to government health care beneficiaries who it enrolled in its Prescription Savings Club discount and incentives program, the U.S. Department of Justice said Thursday.
A Manhattan jury took just 90 minutes Thursday to convict former Visium Asset Management LP portfolio manager Stefan Lumiere of scheming to overvalue a $480 million fund focused on health care-sector debt.
The U.S. Supreme Court agreed Thursday to take up Bristol-Myers Squibb Co.’s appeal of a California high court decision that allowed almost 600 out-of-state residents to sue the drugmaker over alleged injuries from blood-thinner Plavix because of the company’s ties to the state.
Western Union Co. must forfeit $586 million after admitting to violating the Bank Secrecy Act and other anti-fraud laws by allowing fraud to proceed even after red flags were raised at the company or the fraud should have reasonably been detected, the U.S. Department of Justice said Thursday.
The Fourth Circuit on Thursday upheld former Massey Energy Co. CEO Don Blankenship's conviction for conspiring to violate mine safety laws before a 2010 coal mine explosion that claimed 29 lives, finding no mistakes by the lower court to warrant a reversal.
Citigroup Global Markets has agreed to pay a $25 million fine to settle charges it sought to manipulate the market for U.S. Treasury futures by placing thousands of spoof orders, the U.S. Commodity Futures Trading Commission said Thursday.
Paul McCartney lodged a suit against Sony/ATV on Wednesday over copyright interests in The Beatles’ songs, asking a New York federal judge to confirm that the legendary songwriter won’t face breach of contract claims if he cuts off rights Sony’s predecessors acquired 50 years ago.
The U.S. Department of Labor fired off a lawsuit against Oracle America Inc. Tuesday, alleging that the computer technology giant discriminates against women and minorities by paying them less than their counterparts and also discriminates against qualified non-Asian applicants in favor of Asian candidates for certain roles.
The former minority leader of the New York state Senate was sentenced Wednesday to five years in prison on his conviction for obstruction of justice and lying to federal agents in connection with a corruption case over his alleged embezzlement of real estate funds.
The U.S. Department of Commerce has announced its preliminary determination in the anti-dumping portion of an investigation of Chinese producers of crystalline silicon photovoltaic cells and modules. The in-progress case has already caused a good deal of disruption in the worldwide alternative energy industry and soured U.S.-China trade relations, says Richard Katz of Snell & Wilmer LLP.
The final decision in In Re Vitro SAB — recently appealed to the Fifth Circuit — will have a significant effect on the negotiation and implementation of cross-border financings and restructurings, especially those involving Mexican issuers and guarantors of U.S. debt instruments, say Paul Keenan Jr. and Alexandra Aquino-Fike of Greenberg Traurig LLP.
Given the recent Foreign Corrupt Practices Act allegations involving customs clearance in Kazakhstan, companies that have used freight forwarders or customs clearance brokers in Kazakhstan, or other high-risk markets, should move aggressively to undertake proactive steps to minimize any potential FCPA exposure, say Raymond Banoun and Bret Campbell of Cadwalader Wickersham & Taft LLP.
From the perspective of this (principally defense) antitrust litigator, the approach by the Southern District of New York in Anderson News LLC v. American Media Inc. was not unwelcome. For the time being, though, at least in the Second Circuit, it is not the law, says Scott Martin of Greenberg Traurig LLP.
On May 1, 2012, the Seventh Circuit vacated its order enjoining putative class members in Thorogood v. Sears Roebuck & Co. from trying to certify copycat class actions in other courts around the country — and now defendants involved in class litigation have lost a powerful precedent to prevent such actions, say Gerald Maatman and Jennifer Riley of Seyfarth Shaw LLP.
The "Big Reveal" of new generic top-level domains exposed what many had long speculated — a fair number of large, brand-name businesses applying for their namesakes, and a number of enterprising companies applying for a slew of generic strings. But where do brand owners go from here? There are several strategic considerations to bear in mind, say attorneys with Bracewell & Giuliani LLP.
Must a plaintiff in a securities fraud class action prove that the alleged misrepresentations or omissions are material in order to obtain class certification? That is the issue the U.S. Supreme Court agreed to consider when it granted certiorari in Connecticut Retirement Plans and Trust Funds v. Amgen, says Robert Horowitz of Greenberg Traurig LLP.
A decision of the United States District Court for the Eastern District of North Carolina has demonstrated more than that there are successful defenses to claims for violation of the warranty of merchantability — even in a case where a defendant’s logo is found in an unusual place, such as on a piece of plastic found in the plaintiff's lung, says Richard Goldfarb of Stoel Rives LLP.
The Federal Reserve Board last month approved for the first time a controlling investment by a Chinese bank in a U.S. bank. Although the determinations do not guarantee other Chinese banks the ability to expand into the United States, they make it likely that there will be an increase in applications to do so, say Katherine Mooney Carroll and Hugh Conroy of Cleary Gottlieb Steen & Hamilton LLP.
Although the Third Circuit's decision in Fisher v. Rite Aid has been largely viewed as an adverse decision for employers, the ruling should benefit employers seeking to enforce arbitration agreements containing class or collective action waivers, say Noah Finkel and Arthur Rooney of Seyfarth Shaw LLP.