A judge for the US Bankruptcy Court for the Southern District of New York ruled Tuesday that victims of the Bernie Madoff Ponzi scheme can only recover the principal amount invested without accounting for inflation over the past five years.
London police must repay the insurers of a warehouse that held Sony Corp. (6758) goods, damaged in riots that spread through the city in the summer of 2011, a judge ruled.
Royal Bank of Scotland Group Plc was sued by the successors of WestLB AG for allegedly misleading the failed German lender in a 2007 derivatives investment that lost more than 60 percent of its value.
Wal-Mart de Mexico is selling its Vips restaurant chain to Mexican restaurant operator Alsea for 8.20 billion Mexican pesos ($626 million), allowing Walmex to focus on other retail operations and adding some homegrown flavor to Alsea´s portfolio of international brands.
Telecom giant Verizon sold $49 billion in bonds Wednesday, amounting to a record-breaking deal that would push bond-issuance to its highest total since 2008.
Senegal has won a long-running legal dispute with ArcelorMittal after a Paris arbitration tribunal ruled it could rescind a $2.2 billion deal signed with the steelmaking titan in 2007, a Senegalese government spokesman said Tuesday.
The European Commission on Monday announced a new concession proposal from Google in connection to an ongoing EU antitrust investigation of the company.
Gov. Jerry Brown will ask a panel of three federal judges to extend its year-end deadline to cut the state´s prison population while the state increases rehabilitation programs meant to bring down the number of former inmates who commit crimes after their release.
Federal laws pose "significant obstacles" to regulation of marijuana in states where it is legal and need to be addressed, Sen. Patrick Leahy, D-Vt., said Tuesday in a first-ever hearing aimed at reconciling rapidly changing state marijuana laws with a federal prohibition on the drug.
Exotic dancers formerly employed at Rick´s Cabaret International Inc. were entitled to be paid a minimum wage because they were employees of the club and not independent contractors, a U.S. judge ruled.
Detroit´s retired workers joined city unions in attacking the city´s record-setting $18 billion bankruptcy, claiming the law that lets cities seek court protection from creditors violates the U.S. Constitution.
An independent probe led by former FBI Director Louis Freeh found evidence of a plot by lawyers to "corrupt" the BP settlement program but nothing that warranted shutting down payments to victims of the company´s 2010 oil spill in the Gulf of Mexico, according to a report issued Friday.
A federal appeals court rejected Google Inc´s bid to dismiss a lawsuit accusing it of violating federal wiretap law when its accidentally collected emails and other personal data while building its popular Street View program.
The National Security Agency´s searches of a database containing the phone records of nearly all Americans violated privacy protections for three years by failing to meet a court-ordered standard, according to court documents released Tuesday.
A plan to tax financial transactions in 11 European Union member states from 2014 is illegal, the bloc´s lawyers have concluded, dealing what could be a final blow to the measure as proposed.
US President Barack Obama has postponed a Congress vote on military action in Syria, vowing to pursue diplomacy to remove the regime´s chemical weapons.
The European Commission on Monday instructed Samsung Electronics to offer more concessions in their proposal to settle antitrust charges.
Yahoo filed suit in the US Foreign Intelligence Surveillance Court (FISC) on Monday demanding the right to disclose the number of user data requests made by the US government under the Foreign Intelligence Surveillance Act (FISA).
BP Plc faces the first of almost 48,000 toxic exposure claims from neighbors of a Texas refinery who say they´ll give the billions of dollars in punitive damages they´re seeking to charity if they win at trial.
Chevron Corp. said it won´t seek money damages against two Ecuadorians it sued in a New York racketeering case claiming the pair committed fraud to win a $19 billion verdict in a pollution case in their country.
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