obscenity

Legal Briefing: AIG to Pay $725 Million Fraud Settlement, Eventually

In the settlement of a lawsuit that predates the financial meltdown, AIG has agreed to pay shareholders $725 million for years of fraudulent practices that led to investors loosing money on the stock. But they only get $175 million up front. The rest, they may wind up getting in shares of AIG.

Legal Briefing: Court Gives the OK for 'Indecency' on TV

When the FCC decided in 2004 to start fining broadcasters over the use of fleeting expletives, the agency became a caricature of a state censor. Now, the Second Circuit has ruled that the 'indecency' policy was unconstitutionally vague. So what's next for dirty words?