Recent Updates
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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...
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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...
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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...
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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...
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EU court puts limits on modified honey
Business Law 09/07/2011Honey that contains traces of pollen from genetically modified crops needs special authorization before it can be sold in Europe, the European Union's top court said Tuesday, in a judgment that could have widespread consequences on the bloc's policy ...
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Court signs off on Comcast takeover of NBCU
Business Law 09/02/2011A federal court has approved the government's conditions placed on Comcast's takeover of NBCUniversal.In an order Thursday, U.S. District Judge Richard Leon in Washington, D.C., tacked on a two-year oversight period that aims to protect competitors w...
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Industry applauds ruling on city gas drilling ban
Business Law 08/16/2011A court ruling that invalidates Morgantown's ban on Marcellus shale gas drilling gives West Virginia's oil and gas producers the certainty they need to keep expanding operations, an industry leader said Monday. "We all along believed the city of Morg...
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Regulators shut 4 small banks in 3 states
Business Law 07/15/2011Regulators on Friday shut down four small banks in three states, boosting to 55 the number of U.S. bank failures this year. The overall pace of closures, however, has slowed this year as banks work their way through piles of bad debt. A slow, but imp...
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Bernanke: Fed ready to act if economy worsens
Business Law 07/13/2011Federal Reserve Chairman Ben Bernanke told lawmakers Wednesday the Fed is ready to act if the economy gets weaker. He warned them that allowing the nation to default on its debt would send "shock waves through the entire financial system." Underscori...
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Legal questions raised on NY's gas-drilling rules
Business Law 07/12/2011While an energy industry economist says New York's proposal to place large areas off-limits to gas drilling is overly restrictive, an environmental lawyer says the proposed watershed protections don't go far enough. The Department of Environmental Co...
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Bank of America settlement faces challenge
Business Law 07/06/2011Bank of America's $8.5 billion settlement with investors over poor-quality mortgage bonds is facing a new challenge. On Tuesday, a group of bond investors calling themselves Walnut Place said they objected to the terms of the settlement. In a filing ...
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BofA Near $8.5B Deal to Settle Big Investors' Claims
Business Law 06/29/2011Bank of America Corp. is close to finalizing a deal to pay $8.5 billion to settle claims by a group of investors that the bank sold them poor-quality mortgage-backed securities that went sour when the housing market tanked, according to a person fami...