Gibson Guitar Corp. has agreed to pay the federal government $300,000 to resolve a criminal case that alleged the popular musical instrument maker illegally purchased and imported ebony wood from Madagascar and rosewood from India.
MasterCard Inc. is asking the European Union´s highest court to overturn an EU decision that the company´s cross-border card fees breach antitrust rules.
Spyker NV, the Dutch owner of the Saab brand of cars, sued General Motors Co. (GM) in the U.S. for $3 billion over claims it sought to drive the company into bankruptcy by avoiding competition in the Chinese market.
Knight Capital Group Inc looks set to enter into a $400 million financing deal with a group of investors, allowing the trading firm to open its doors Monday after a crippling $440 million loss, although it will come at a steep cost to shareholders, sources familiar with the situation said.
Major banks, which often band together when facing government scrutiny, are now turning on one another as an international investigation into the manipulation of interest rates gains momentum.
Japan´s embattled Olympus Corp., still reeling from a scandal involving the cover-up of billions in expenses, said it told the U.S. Justice Department of possible violations of anti-bribery law at a doctor training program in Brazil.
Apple Inc., one of the world´s most secretive companies, is finding there´s a price in pushing its grievances against rival Samsung Electronics Co. in federal court: disclosure.
A Brazilian court has ordered Chevron Corp and Transocean Ltd to suspend all oil production and transport operations in Brazil while prosecutors investigate a November oil spill, a decision that could halt nearly 10 percent of all offshore drilling operations in South America.
When Gilbert Vega, once a member of a Bronx narcotics gang called Sex Money and Murder, agreed to cooperate with the government against his former gang a decade ago, he met regularly with prosecutors to tell them what he knew.
Bank of America Corp is in talks with Fannie Mae to resolve a dispute over bad mortgages that the government-controlled entity wants the No. 2 U.S. bank to buy back, sources familiar with the matter said on Thursday.
Sen. Jeff Merkley (D-Oregon) introduced legislation Thursday that would provide limited privacy protections to the warrantless wiretapping program secretly adopted under the George W. Bush administration.
A bill establishing security standards to prevent large-scale cyber attacks on the nation´s critical infrastructure — including water supplies and the electrical grid — failed in the U.S. Senate Thursday, despite strong endorsements from top military and national security officials.
Lawyers from Winston & Strawn and Husch Blackwell delivered a $1 billion patent verdict for Monsanto Co. against rival DuPont, in a case that raised eyebrows among the intellectual property bar because it involved products in development and happened in a jurisdiction not known for being unduly friendly to plaintiffs.
Three years ago, Vanderbilt law professor Herwig Schlunk was among the first academics to use hard salary data to calculate the economic value of a law degree — in essence, to evaluate a J.D. through the lens of an investor.
The practice of hiring "body doubles" or "stand-ins" is well-documented by official Chinese media.
Brazil´s Supreme Court has opened the trial of 38 people in a corruption case that rocked the government of then-President Lula, in 2005.
Apple filed a motion in the US District Court for the Northern District of California on Wednesday requesting that the court sanction Samsung Electronics by ruling in Apple´s favor in the ongoing patent litigation between the two companies.
Oracle raised eyebrows earlier this year when it walked away from a $272 million remittitur in its copyright battle with SAP. Oracle had "no choice but to elect a new trial," its lawyers told U.S. District Judge Phyllis Hamilton in February, after Hamilton had slashed a jury´s $1.3 billion award.
A federal judge in Washington state has publicly disciplined two attorneys from a prominent plaintiffs firm for claiming unreasonable expenses while handling a securities class action.
Southern District Judge Lewis Kaplan has denied an attempt by parties seeking to enforce an $18.2 billion judgment against Chevron Corp. for pollution caused by oil-drilling in Ecuador to use the defense of res judicata against Chevron´s claim the judgment was the result of fraud.
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