Recent Updates
-
US court to review accounting oversight board case
Business Law 05/19/2009The Supreme Court said on Monday it would decide a constitutional challenge to the 2002 law that created a national board to oversee U.S. public company auditors.The justices agreed to review a ruling by a U.S. appeals court that upheld the Sarbanes-...
-
Credit Suisse CEO facing his own late fee
Business Law 05/15/2009Even the chief executive of banking giant Credit Suisse Group is complaining about late fees these days. As Congress and the president talk about ending so-called abuses in the credit card industry like sudden rate hikes and late fees, Brady Dougan i...
-
GM, Chrysler Dealer Groups Retain Law Firms
Business Law 05/01/2009National groups representing thousands of General Motors Corp. (GM) and Chrysler LLC auto dealers have hired law firms to protect them against potential bankruptcy filings by the auto makers. Lawyers also will advocate for GM franchise owners, who ar...
-
Court Revives Rendition Lawsuit Against Boeing Unit
Business Law 04/30/2009A federal appeals court Tuesday revived a lawsuit alleging that a unit of Boeing Co. (BA) helped the Central Intelligence Agency seize terrorism suspects abroad and secretly transfer them to other countries for interrogation. The ruling reinstates al...
-
Fed court revives rendition lawsuit against Boeing
Business Law 04/29/2009A federal appeals court on Tuesday ruled that a Boeing Co. subsidiary can be sued for allegedly flying terrorism suspects to secret prisons around the world to be tortured as part of the CIA's "extraordinary rendition" program. A unanimous three-judg...
-
Judge upholds $100M Mattel verdict over Bratz
Business Law 04/28/2009A federal judge upheld a $100 million jury verdict Monday for Mattel Inc. in a lengthy legal battle over rights to the Bratz doll, a rival to Mattel's Barbie. U.S. District Judge Stephen Larson also confirmed in his ruling late Monday that the Bratz ...
-
Industrial production drops more than expected
Business Law 04/15/2009Industrial production fell for the fifth straight month in March, the government said Wednesday, as companies cut output in order to clear stockpiles of goods. But economists expect that trend to moderate soon, as businesses bring inventories in line...
-
Ex-Qwest exec asks high court to delay prison term
Business Law 04/14/2009Former Qwest CEO Joseph Nacchio asked the Supreme Court on Monday to put off the start of his prison term for his conviction on insider-trading charges. His lawyers filed an emergency appeal with Justice Stephen Breyer after the federal appeals court...
-
US stocks surge on bank plan, rise in home sales
Business Law 03/23/2009Wall Street got the news it wanted and responded with a tremendous rally that propelled the Dow Jones industrials up nearly 500 points. Investors reignited the market's two-week rally, cheering the government's plan to help banks remove bad assets fr...
-
Hawaii Superferry ceases operations after ruling
Business Law 03/17/2009Hawaii's new inter-island ferry service has ceased operations in the wake of a state Supreme Court ruling. Hawaii Superferry, which operates an Oahu-Maui catamaran that can accommodate 836 passengers and about 200 vehicles, was forced into the move M...
-
Obama says US economy sound, reassures investors
Business Law 03/16/2009President Barack Obama on Saturday downplayed divisions between the U.S. and Europe over how to tackle the world's financial crisis and said China should have "absolute confidence" that its sizable investments in the United States are safe. In a conv...
-
Toxic-asset plan details coming, Geithner says
Business Law 03/11/2009The Obama administration will unveil within the next couple of weeks details of its plan for dealing with the toxic assets that lie at the heart of the financial crisis, Treasury Secretary Timothy F. Geithner said Tuesday. He predicted the plan, call...