Recent Updates
-
Cisco challenges Microsoft takeover of Skype in EU
Business Law 02/15/2012Networking company Cisco said Wednesday that it is challenging Microsoft's $8.5 billion takeover of Skype at the European Union's top court to ensure Microsoft won't block other video conferencing services. Microsoft completed the deal in October sho...
-
Lehman Brothers sues Citigroup for $2.5B
Business Law 02/10/2012Lehman Brothers Holdings Inc. and its creditors are suing several units of Citigroup Inc. to recover $2.5 billion the failed investment bank transferred to a backup account at Citi months before seeking bankruptcy court protection. In the complaint f...
-
Business group weighs in on cigarette label suit
Business Law 01/31/2012The U.S. Chamber of Commerce is weighing in on a lawsuit over graphic cigarette warning labels that include the sewn-up corpse of a smoker and a picture of diseased lungs, saying the federal government has no legitimate authority to take space on a t...
-
Amazon Hit With Class Action Over Zappos Data Breach
Business Law 01/18/2012Shoe retailer Zappos is facing a national class action suit one day after it warned customers that its servers had been hacked. On Monday, the Amazon-owned shoe company sent a mass email stating that 24 million customer accounts had been breached. Th...
-
Vulcan sues Martin Marietta over takeover bid
Business Law 12/22/2011Vulcan Materials has sued Martin Marietta in federal court, accusing the smaller gravel, sand and stone supplier of launching an illegal takeover attempt of Vulcan. Vulcan, based in Birmingham, Ala., also on Wednesday strongly recommended that its sh...
-
Washington Mutual agrees to settlement
Business Law 12/13/2011Bank holding company Washington Mutual Inc. has agreed to a settlement with some creditors involved in its Chapter 11 bankruptcy case and has filed a new reorganization plan. Washington Mutual said in a statement late Monday that the settlement will ...
-
Dodgers, Fox battle over media rights sale
Business Law 12/08/2011Attorneys for the Los Angeles Dodgers and Fox Sports squared off in court Wednesday over the team's plan to sell the media rights to games starting in 2014 as part of its plan to exit bankruptcy. The Dodgers are asking a U.S. Bankruptcy Court judge i...
-
High court to review fine for mercury storage
Business Law 11/28/2011The Supreme Court will consider throwing out an $18 million penalty against Texas-based Southern Union Co. for illegally storing mercury at a rundown building in Rhode Island. The justices said Monday they will hear the natural gas company's appeal o...
-
Russia court rejects $16 billion claim against BP
Business Law 11/14/2011A Russian court on Friday rejected a $16 billion claim against BP PLC filed by an obscure minority shareholder in BP's Russian venture, TNK-BP. The court victory may have softened the blow that BP sustained when Rosneft dropped it as a partner in dev...
-
5 states take Asian carp case to Supreme Court
Business Law 10/27/2011Five states asked the U.S. Supreme Court on Wednesday to hear their plea for quicker federal action to prevent Asian carp and other invasive species from moving between the Great Lakes and Mississippi river watersheds. Michigan Attorney Bill Schuette...
-
Samsung Seeking To Block Sale Of New IPhone 4S
Business Law 10/05/2011Samsung said it will file court injunctions in France and Italy seeking to block the sale of Apple's latest iPhone amid an intensifying patent fight between the smartphone giants. Samsung plans to file preliminary injunctions in Paris and Milan askin...
-
Court: Samsung can't sell tablet in Germany
Business Law 09/09/2011A German court rules that Samsung Electronics's Galaxy Tab cannot be sold in Germany because it violated patents of rival Apple's iPad2. A Duesseldorf state court said Friday it would not allow Samsung, based in Seoul, South Korea, to market its Gala...