Recent Updates
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Attorneys for NFL players meet with judge
Business Law 04/12/2011Attorneys for the locked-out NFL players arrived at federal court on Tuesday to meet with the judge who will oversee court-ordered mediation with the league.The attorneys met with U.S. Magistrate Judge Arthur Boylan, with Hall of Fame defensive end C...
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IBM files court motion to depose Daniels, aide
Business Law 03/31/2011Gov. Mitch Daniels and his chief of staff were both deeply involved in Indiana's decision to outsource the automation of welfare intake, and they should provide depositions in lawsuits over IBM Corp.'s cancelled $1.37 billion contract in the project,...
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Delaware court upholds Barnes & Noble ruling
Business Law 03/04/2011The Delaware Supreme Court has rejected an appeal by billionaire Ron Burkle in a lawsuit challenging a poison pill plan adopted by Barnes & Noble Inc. after he doubled his stake in the company.After hearing arguments Wednesday, the court on Thurs...
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Murdoch firm to pay Insignia $125 million
Business Law 02/10/2011Rupert Murdoch's News America Marketing has agreed to pay a whopping $125 million to settle a years-long lawsuit brought by tiny Insignia Systems Inc. that alleged Murdoch's people unfairly interfered and lied in attempt to take business from the Ply...
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Ex-Va. business owner admits unemployment scam
Business Law 02/02/2011A former business owner has pleaded guilty to scamming the Virginia Unemployment Compensation Program to pay his employees.Timothy Lynn Skinner pleaded guilty Tuesday in federal court in Roanoke to theft of public money.U.S. Attorney Timothy J. Heaph...
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91,000 Gulf oil spill claims, just 1 final payment
Business Law 02/01/2011BP's compensation fund for Gulf oil spill victims has issued a final settlement payment to just one of the thousands of people and businesses waiting for checks, records show, and that $10 million payout went to a company after the oil giant interven...
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Verizon challenges FCC's net neutrality rules
Business Law 01/21/2011Verizon says it has filed a court challenge to new federal regulations that prohibit broadband providers from interfering with Internet traffic flowing over their networks.A divided Federal Communications Commission adopted the "network neutrality" r...
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Court: Oracle owed interest by SAP in settlement
Business Law 12/29/2010A U.S. District Court judge said SAP AG owes Oracle Corp. interest on the $1.3 billion it has been ordered to pay Oracle for copyright infringement, Bloomberg reports.Walldorf, Germany-based SAP said the interest works out to about $16.5 million acco...
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Bank of America stops handling WikiLeaks payments
Business Law 12/18/2010Bank of America Corp. has joined several other financial institutions in refusing to handle payments for WikiLeaks, the latest blow to the secret-releasing organization's efforts to continue operating under pressure from governments and the corporate...
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MGM restructuring plan approved by court
Business Law 12/03/2010Struggling U.S. movie studio Metro-Goldwyn-Mayer Inc.(MGM) said Thursday its restructuring plan has been approved by a federal bankruptcy court, allowing it to emerge from bankruptcy protection.Under the new plan, the company's lenders will exchange ...
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Supreme Court Ends Tiffany's Fight Against eBay
Business Law 11/30/2010The Supreme Court declined to hear an appeal by Tiffany's in its ongoing suit against eBay, effectively closing the case in favor of the online auction house. The original suit, filed in 2004 and heard in 2007, claimed that eBay was not doing enough ...
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$450m class action launched against NAB
Business Law 11/28/2010A $450 million class action is being launched on behalf of National Australia Bank shareholders who lost money during the global financial crisis because of NAB's exposure to toxic debt.Legal firm Maurice Blackburn will lodge the claim in a Victorian...