Recent Updates
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Court lifts ban on media ownership restrictions
Business Law 03/24/2010A federal court has at least temporarily lifted government rules that blocked media companies from owning a newspaper and a broadcast TV station in the same market.The decision Tuesday by the U.S. Court of Appeals for the Third Circuit lifts the Fede...
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Goldman Sachs group to appeal Shaw-Canwest deal
Business Law 03/10/2010Goldman Sachs Group Inc will ask a Canadian court on Wednesday to hear its appeal of a lower court decision allowing Shaw Communications Inc to buy the broadcast arm of bankrupt Canwest Global Communications Corp.An Ontario Superior Court judge ruled...
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Nokia says U.S. court case claims have no merit
Business Law 02/08/2010Nokia said on Monday it would defend itself vigorously against a class action complaint filed in the United States that claims the firm and its top executives hid some product delays from investors in 2008."Nokia has reviewed the allegations containe...
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Google Book Settlement Falls Short For Justice Dept.
Business Law 02/05/2010Google's latest effort to settle the copyright lawsuit brought against it by The Authors Guild and several publishers in 2005 suffered a setback on Thursday when the U.S. Department of Justice said that copyright and antitrust issues arising from the...
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Ex-Lawyer: Toyota Willfully Deceptive
Business Law 02/04/2010Toyota's public relations nightmare appears far from over. The beleaguered automaker is facing renewed allegations that it systematically withheld information and ignored safety issues that could have prevented fatal accidents. Dmitrios Biller, a for...
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SEC alleges fraud by Austin investment firm
Business Law 12/30/2009An Austin businessman and two of his companies are accused in an alleged scam using former NFL players to attract investors.The Securities and Exchange Commission on Tuesday filed securities fraud charges in federal court in Austin naming Kurt B. Bar...
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Prosecutors: LA man cheated investors out of $10M
Business Law 12/15/2009A Los Angeles man has pleaded not guilty to running a Ponzi scheme that cheated about 50 investors in a NASCAR merchandise wholesale business out of at least $10 million.Federal prosecutors say 63-year-old Eliott Dresher was arraigned and ordered hel...
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Court rejects new appeal of Chrysler sale
Business Law 12/14/2009The Supreme Court has declined to take another look at Chrysler's bankruptcy.The justices on Monday turned down an appeal from the state of Indiana pension funds that earlier challenged the automaker's bankruptcy proceedings. The bulk of Chrysler LLC...
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Nortel wins approval for sale of businesses
Business Law 12/03/2009Nortel Networks Corp. said late Wednesday it won court approval in the U.S. and Canada to sell two of its business units.The larger unit, Nortel's global optical networking and carrier ethernet businesses, is going to Ciena Corp. The business is one ...
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General Growth Properties files for reorganization
Business Law 12/02/2009General Growth Properties Inc. said Wednesday that it has filed its reorganization plan, and its lenders have agreed to restructure about $9.7 billion in shopping mall mortgage loans, more than previously planned.Last month the mall operator, which e...
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Supreme Court again denies ex-Qwest CEO Nacchio
Business Law 12/01/2009The U.S. Supreme Court has rejected another request by former Qwest Communications International Inc. CEO Joseph Nacchio to review his insider trading conviction.The court revealed Monday that it won't reconsider its decision in October not to take u...
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GM sues steering column supplier
Business Law 11/24/2009General Motors Co. has sued a supplier over problems with steering columns that have so far cost the automaker more than $30 million to fix.The Detroit automaker is seeking damages from JTEKT North America Inc. and subsidiary JTEKT Automotive Virgini...