legal news

Legal Briefing: Supreme Court Considering Music File-Sharing Case

In today's legal news, the Supreme Court has expressed interest in a case involving a teenager's illegal music file-sharing, the legal battle over stem cell research has already pushed some scientists to other fields, and a third woman has alleged that a Wisconsin DA harassed her with sexual text messages.

Court Appointee Pursues Madoff Investors

A court-appointed trustee charged with recovering money for the victims of Bernard Madoff is preparing a series of lawsuits to win back money from investors who gained financially from their association with Madoff. Irving Picard told The Wall Street Journal he may sue a total of about 1,000 individual investors who withdrew more money from Madoff%u2019s firm that they invested.

Legal Briefing: States Prepare to Sue BP, Too

In Monday's legal news U.S. states -- Gulf Coast as well as East Coast -- are now joining the queue to sue BP for damages from the oil spill, the N.Y. board of elections is being sued for not trying to fix its potentially faulty new voting machines, and Oregon's Supreme Court throws out a punitive damages award against Philip Morris, but shames the company for leading a massive misinformation campaign.

Legal Briefing: What Crimes Might the BP Probe Include?

Among today's legal news, the BP criminal BP probe is underway, Judge Rakoff issues his opinion explaining his dismissal of claims against the ratings agencies, and a study finds that Southern juries are still overwhelmingly white.

Legal Briefing: Will Your Anonymous Online Comment Remain Anonymous?

Should Newspapers identify commenters accused of defamation? New Orleans' Times-Picayune says no, but faced with lawsuits, other news sites could eventually rethink the limits of anonymity. Meanwhile, the lawsuits are multiplying against BP and its business partners over the Gulf oil spill.

Legal Briefing: Transocean's Slippery Gulf Oil-Spill Maneuvers

News has leaked out of unsavory legal tactics by Transocean, a company involved in the Gulf oil disaster. It reportedly pressured traumatized rig evacuees to sign statements protecting the company. Now, Transocean is maneuvering in court to limit its liaibility.

What Would a Justice Elena Kagan Mean for Business?

Elena Kagan would bring brilliance, hard work, good character and gender diversity to the Supreme Court as the replacement for Justice John Paul Stevens, according to most coverage to date. But her positions on substantive business issues are still pretty much a mystery.

Legal Briefing: Ratings Agencies Lose in Court, Again

Among Wednesday's legal news, the California Public Employees' Retirement System won a court decision allowing it to proceed with a lawsuit against the three major ratings agencies, six shareholders have filed suits against Goldman Sachs, and insurance company WellPoint's massive rate hike requests were based on faulty math.

Legal Briefing: The Impact of Justice Stevens's Replacement

A look at Monday's legal news, including how Justice Stevens's replacement could potentially impact the Supreme Court's decision-making, more press coverage of the Goldman Sachs fraud case, and the U.S. indicts five former Blackwater employees with weapons charges after an unsuccessful attempt to convict Blackwater security guards for wrongfully killing Iraqi civilians.

Legal Briefing: Lehman Examiner's Report Suggests Possible Fraud

In today's legal news, the final portion of the Lehman Bankruptcy Examiner's Report suggests possibly fraudulent bank transfers, lawsuits against Toyota are moving forward as the judge sets a hearing date, and New York City appeals the rejection of a settlement with 9/11 clean-up workers.

Legal Briefing: Drug Cartels Used Wachovia to Launder Money

In the legal news today, Wachovia has agreed to pay a huge penalty for lax financial arrangements that enabled Mexican drug cartels to launder money and former-Met Lenny Dystra claims Washington Mutual enticed him to borrow more money than he could afford.

Legal Briefing: Bank Overdraft Fee Lawsuit Goes Forward

In Wednesday's legal news, a judge refused to dismiss a lawsuit against big banks over wrongful overdraft fees. The banks could face a multi-billion dollar judgment. And should U.S. companies competing for rebuilding contracts in Haiti be exempt from the Foreign Corrupt Practices Act?

Legal Briefing: Bank Exec Charged with TARP Fraud

In Tuesday's legal news, the former CEO of Park Avenue Bank of New York City, which failed last week, is accused of fraud, and Wells Fargo is fined for changing locks and trespassing on Long Island property in foreclosure.

Legal Briefing: Business Bankruptcies Decline Sharply

In Monday's legal news, the number of bankruptcies in public companies plunged 70% in February, Toyota continues to deny sudden acceleration can be caused by its electronics, and the FBI is investigating North Carolina's state crime lab for flawed evidence-testing, which could potentially impact twenty years of cases.

Latest Legal News: AIG Sued for Sex Discrimination

In today's legal news, two former employees file a sexual discrimination suit against AIG's financial products division, credit default swaps threaten to ruin Greece, and a judge reduces Philip Morris' damages in Florida smoker case from $300 million to $38 million.