Recent Updates

  • Madoff, Halliburton, Wells Fargo in Court News

    Madoff, Halliburton, Wells Fargo in Court News

    Business Law 11/01/2010

    Irving Picard, the trustee overseeing the bankruptcy of Bernard Madoff’s investment firm, spent $26.9 million in the six months ended Sept. 30 while recovering $849,000 for victims of Madoff’s Ponzi scheme, according to a report filed in Manhattan fe...

  • Amazon Wins in Court Against NC for Now

    Amazon Wins in Court Against NC for Now

    Business Law 10/26/2010

    Amazon and the state of North Carolina have been fighting in court as NC tries to get residents that purchased on Amazon to pay sales tax the state feels it is owed. NC has demanded that Amazon reveal all sorts of buyer information like names, addres...

  • Court strikes down parts of Ohio milk labels rule

    Court strikes down parts of Ohio milk labels rule

    Business Law 10/01/2010

    Dairy processors can make claims that their products are free of a synthetic growth hormone, a federal appeals court ruled Thursday in striking down parts of the state's rule on milk labeling.Key parts of the state's labeling rule violated First Amen...

  • Warren Buffett: 'We're still in a recession'

    Warren Buffett: 'We're still in a recession'

    Business Law 09/23/2010

    Billionaire investor Warren Buffett said the U.S. economy remains in recession, disputing this week's assessment by a leading arbiter of economic activity that the downturn ended more than a year ago."We're still in a recession," Buffett told CNBC te...

  • ND Supreme Court upholds $12K bank overdraft fee

    ND Supreme Court upholds $12K bank overdraft fee

    Business Law 09/23/2010

    North Dakota's Supreme Court said a bank acted reasonably when it charged a customer almost $12,000 in overdraft fees. Lynette Cavett of Enderlin said the fees were "unconscionable." But a judge ruled the Quality Bank of Fingal disclosed the fees and...

  • Regulators close 6 banks in Ga, NJ, Ohio, Wis

    Regulators close 6 banks in Ga, NJ, Ohio, Wis

    Business Law 09/18/2010

    Regulators on Friday shut down three Georgia banks and one each in New Jersey, Ohio and Wisconsin, boosting to 125 the number of U.S. bank failures this year amid the tough economic climate and growing loan defaults.The Federal Deposit Insurance Corp...

  • Banks post $21.6 billion profit in 2nd quarter

    Banks post $21.6 billion profit in 2nd quarter

    Business Law 08/31/2010

    A mixed picture of U.S. banks emerged Tuesday as the industry posted its highest quarterly earnings in nearly three years while the number of troubled institutions grew by more than 50.Banks overall made $21.6 billion in net income in the April-to-Ju...

  • U.S. appeals court upholds $33 bln wireless auction

    U.S. appeals court upholds $33 bln wireless auction

    Business Law 08/25/2010

    An appeals court upheld federal government auctions of about $33 billion of wireless spectrum, saying it would be "imprudent and unfair" to undo them even though some rules governing them were invalid.Tuesday's ruling by the U.S. Third Circuit Court ...

  • Stocks drop as jobless claims rise unexpectedly

    Stocks drop as jobless claims rise unexpectedly

    Business Law 08/19/2010

    Stocks fell Thursday after the Labor Department said claims for unemployment benefits rose unexpectedly last week, renewing concerns about the pace of the economic recovery.The disappointing news about the jobs market came minutes after news that Int...

  • BP Deposits $3 Billion in Spill Fund

    BP Deposits $3 Billion in Spill Fund

    Business Law 08/09/2010

    BP PLC said Monday that it has made an initial deposit of $3 billion into a $20 billion spill-recovery fund. BP said it was making the deposit earlier than the originally scheduled Sept. 30 deadline to show its commitment to restoring the livelihoods...

  • Mich. oil pipeline shut down for work before spill

    Mich. oil pipeline shut down for work before spill

    Business Law 08/04/2010

    Federal regulators say a company shut down a Michigan pipeline for planned maintenance hours before 911 calls about odors in the area where a massive oil spill was reported the next day.National Transportation Safety Board officials told reporters Mo...

  • Firms crack down on staffers' posts on social media sites

    Firms crack down on staffers' posts on social media sites

    Business Law 08/02/2010

    Domino's still has nightmares about a prank video posted on the social networking site, YouTube, that got two employees in trouble with the law and tarnished the pizza chain's reputation. The Ann Arbor-based company became an instant Internet sensati...

Business News

St Peters, MO Professional License Attorney Attorney John Lynch has been the go-to choice for many professionals facing administrative sanction. >> read