Recent Updates
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Martin Shkreli cries in court, is sentenced to 7 years for securities fraud
Corporate Law 03/09/2018The smirk wiped from his face, a crying Martin Shkreli was sentenced to seven years in prison for securities fraud Friday in a hard fall for the pharmaceutical-industry bad boy vilified for jacking up the price of a lifesaving drug.Shkreli, the boyis...
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Court: Nike logo of Michael Jordan didn't violate copyright
Corporate Law 03/01/2018A U.S. appeals court says an iconic Nike logo of a leaping Michael Jordan didn't violate the copyright of an earlier photograph of the basketball star.The 9th U.S. Circuit Court of Appeals said Tuesday that the logo was based on a photograph of Jorda...
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Walker signs bill inspired by cabin-owners' court fight
Corporate Law 11/27/2017Just five months after an adverse ruling from the U.S. Supreme Court had her in tears, Donna Murr was celebrating Monday after Gov. Scott Walker signed into law a bill that gives Wisconsin property owners more rights.The Murr family fought for more t...
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High court won't hear appeal from former Qwest CEO
Corporate Law 07/23/2017The Supreme Court won't hear an appeal from former Qwest Communications International Inc. CEO Joseph Nacchio seeking an $18 million tax refund on money he gained from illegal stock sales.The justices on Monday left in place a lower court ruling that...
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Court: Ignorance about allergy medicine crime no excuse
Corporate Law 07/23/2017Just because a man previously convicted of methamphetamine-related crimes didn't know it was now illegal for him to buy over-the-counter allergy medicine given his criminal history doesn't mean his rights were violated, a divided North Carolina Supre...
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Court: Ohio E-School Can't Delay Repayment of $60M to State
Corporate Law 07/03/2017ECOT's reported enrollment of 15,000 Ohio students makes it one of the largest online charter schools in the U.S.Democrats jumped on the court's decision to pile criticism on the school, which has struggled for years against attacks on its enrollment...
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Moscow court orders paper to refute a report on Rosneft CEO
Corporate Law 09/09/2016A court in Moscow has ordered a leading independent newspaper to retract an article about a luxury yacht allegedly owned by the chief of Russia's top state-controlled oil company. retract The Basmanny District Court ruled Monday that the Novaya Gazet...
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Defendant pleads guilty in stock, money-laundering scheme
Corporate Law 08/23/2016Federal prosecutors in New York say a Belize resident has pleaded guilty to money laundering conspiracy for helping clients profit off illegal stock trades and then laundering more than $250 million. U.S. Attorney Robert L. Capers announced the plea ...
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NY court agrees to rehear Ex-Goldman board member's appeal
Corporate Law 02/22/2016A federal appeals court in New York has agreed to rehear the appeal of the insider-trading conviction of a former board member for Goldman Sachs and Proctor & Gamble. The 2nd U.S. Circuit Court of Appeals on Thursday issued an order saying it wil...
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High court rejects ex-stockbroker's appeal in fraud case
Corporate Law 11/24/2015The Supreme Court turned away an appeal from a former Toronto stockbroker convicted in a multimillion-dollar securities fraud who says federal prosecutors should have turned over documents that might have helped his defense. The justices Monday let s...
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Appeals court skeptical of fairness of trader's conviction
Corporate Law 05/24/2015An appeals court panel on Wednesday expressed doubts about the fairness of a prosecution that led to a prison sentence for a man convicted of defrauding a government bailout program. A three-judge panel of the 2nd U.S. Circuit Court of Appeals had pl...
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Morgan Stanley to pay $2.6B to settle charges
Corporate Law 02/09/2015Morgan Stanley said Wednesday it has agreed to pay $2.6 billion to settle with the federal government over its role in the mortgage bubble and subsequent financial crisis. The settlement makes Morgan Stanley the latest Wall Street bank to reach a set...