Recent Updates
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Feds conducting big insider trading probe
Daily Legal News 11/20/2010Federal authorities are examining whether multiple insider-trading rings reaped illegal profits totaling tens of millions of dollars, The Wall Street Journal reported on Saturday, citing people familiar with the matter. The three-year criminal and ci...
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Apotheker a no-show in Oracle-SAP trial
Daily Legal News 11/20/2010An industrial espionage trial between Oracle Corp. and SAP AG, two of the world's biggest business software makers, ended Friday without the testimony of one of its most anticipated witnesses. The evidence part of the three-week trial wrapped up Frid...
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Law firm of BP claims czar paid $3.3M so far
Daily Legal News 11/06/2010The law firm of Kenneth Feinberg, the man in charge of BP's $20 billion compensation fund for Gulf oil spill victims, has so far been paid about $3.35 million from BP PLC. The Gulf Coast Claims Facility, which was set up to compensate fishermen, busi...
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Court hears arguments on violent video games
Daily Legal News 11/03/2010The Supreme Court expressed sympathy for a California law that aims to keep children away from ultra-violent video games, but several justices said the law faces a high constitutional hurdle. The high court heard arguments Tuesday over a California b...
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California marijuana legalization goes up in smoke
Daily Legal News 11/03/2010California voters rejected a ballot measure on Tuesday that would have made it the first U.S. state to legalize marijuana for recreational use. The "no" vote on Proposition 19 had 56 percent of the vote to 43 percent for "yes," with 20 percent of pre...
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WA voters say no to state income tax Initiative 1098
Daily Legal News 11/03/2010Early returns show voters rejected Initiative 1098 being rejected with about 65 percent of the vote to 35 percent in unofficial returns. Initiative 1098 would institute a new state tax on the top 1 percent of incomes to pay for education and health p...
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Law firm merger scene still slow
Daily Legal News 11/02/2010There were eight new law firm combinations announced in the United States in the first quarter of the year, with three of them involving Philadelphia law firms, according to consultancy Altman Weil’s MergerLine Web site. Newtown Square-based Altman W...
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Lions Gate proposes merger with MGM
Daily Legal News 11/02/2010Lions Gate is offering to combine its business with MGM in a deal supported by billionaire investor Carl Icahn, who owns stakes in both studios. Lions Gate Entertainment Corp. said Tuesday it has sent a proposal for a combination with financially tro...
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Longtime civil rights lawyer William Taylor dies
Daily Legal News 11/02/2010William L. Taylor, a Washington lawyer and civil rights activist who fought in courts and in government to desegregate schools, has died. He was 78. His oldest daughter, Lauren Taylor, says he died Monday of complications from a fall. Taylor began ad...
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Rambus says FTC has dropped antitrust claims
Daily Legal News 11/02/2010Rambus Inc. said Thursday that the Federal Trade Commission has dropped its claim that the memory chip company violated antitrust laws in patenting technologies that were eventually incorporated into industry standards. The company's shares jumped 14...
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Court dismisses credit-reporting antitrust claims
Daily Legal News 11/02/2010Two of the three U.S. credit- reporting companies, TransUnion LLC and Experian PLC, won a court bid to dismiss antitrust claims filed by credit-score provider Fair Isaac Corp. U.S. District Judge Ann Montgomery in Minneapolis granted a motion July 24...
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Wis. court backs $5.6M fee award against Microsoft
Daily Legal News 11/02/2010An appeals court is ordering Microsoft Corp. to pay $5.6 million to a national law firm involved in a Wisconsin antitrust case against the software giant. Zelle, Hofmann, Voelbel & Mason LLP represented consumers who bought Microsoft equipment in...