Legal News

By Andrea Tan & Phil Milford - Mar 18, 2013 7:34 AM ET Directory publishers Dex One Corp. (DEXO), formerly known as R.H. Donnelley Corp., andSuperMedia Inc. (SPMD), formerly Idearc Inc., filed for bankruptcy protection from creditors to facilitate a planned merger. Dex One and SuperMedia’s shareholders and lenders agreed to accept a prepackaged Chapter 11 bankruptcy plan, both companies said [...]

By Bob Van Voris - Mar 18, 2013 12:01 AM ET Four New York men who were questioned or patted down by police are seeking a halt to a city “stop and frisk” policy that they say unlawfully targets people on the basis of race. David Floyd, Lalit Clarkson, Deon Dennis and David Ourlicht, four black men who claimed they [...]

By Patricia Hurtado - Mar 17, 2013 7:00 PM ET A convicted SAC Capital Advisors LP analyst at the center of a federal criminal probe of insider trading passed inside information to SAC fund manager Gabriel Plotkin, according to internal e-mails and two people familiar with the matter. The U.S. Securities and Exchange Commission said last week in a court [...]

By Dawn Kopecki, Clea Benson & Hugh Son - Mar 15, 2013 6:40 AM ET JPMorgan Chase & Co. (JPM)’s efforts to hide trading losses, outlined in a Senate report yesterday, probably will ignite debate over whether the largest U.S. bank is too big to manage and ratchet up pressure on Chief Executive Officer Jamie Dimon to surrender his role as chairman. Dimon [...]

By David McLaughlin - Mar 15, 2013 12:01 AM ET Gun-show operators in New York agreed to new rules set by the state to ensure required background checks on buyers following an investigation that uncovered firearms sales without the checks. Twenty-three operators agreed to procedures in which all guns brought into a show by private sellers are tagged so that [...]

By Andrew Zajac – Mar 15, 2013 12:01 AM ET Sergio Garcia, the professional golfer, must pay additional taxes on income from endorsements that he claimed was exempt, the U.S. Tax Court ruled, because too much of the money was attributed to payment for his image. Garcia argued unsuccessfully that 85 percent of his income [...]

By David McLaughlin & Eben Novy-Williams - Mar 14, 2013 12:28 PM ET The National Football League must take steps to ensure that teams don’t discriminate against players or recruits based on sexual orientation, New York Attorney General Eric Schneiderman said. Schneiderman said today that he sent a letter to NFL Commissioner Roger Goodell about the issue after three prospective players said they were asked questions [...]

By Erik Larson - Mar 14, 2013 10:31 AM ET Chesapeake Energy Corp. (CHK) finds out today whether it will win an emergency court order allowing it to start redeeming $1.3 billion in notes early without paying $400 million in interest sought by Bank of New York Mellon Corp. The scheduled decision by U.S. District Judge Paul Engelmayer in Manhattan, expected at [...]

By Joe Schneider – Mar 14, 2013 2:28 AM ET Former billionaire miner Nathan Tinkler told a Sydney court that commodity trader Noble Group Ltd. was to blame for the collapse of his planned share investment last year in Blackwood Corp. Tinkler said in the New South Wales Supreme Court today that he thought he had an agreement [...]

By Naoko Fujimura & Takashi Amano - Mar 14, 2013 1:16 AM ET Nintendo Co. (7974) said it was ordered to pay $30.2 million to a former Sony Corp. (6758)employee after a federal jury in New York ruled that the maker of the 3DS machine infringed on his patent. The jury ruled that Nintendo’s handheld player infringed on a 3-D technology patent [...]

By Tom Korosec - Mar 13, 2013 9:41 AM ET American Airlines, a unit of bankrupt AMR Corp. (AAMRQ), settled claims that Travelport Ltd. colluded with other reservation systems to stifle competition in providing flight data to travelers. The companies reached a new distribution agreement that will require the approval of the court presiding over AMR’s bankruptcy, according to [...]

By Chris Dolmetsch & David McLaughlin - Mar 13, 2013 12:01 AM ET Bank of America Corp. asked a New York appeals court to overturn portions of a lower-court ruling that improved bond insurer MBIA Inc. (MBI)’s chances of recovering losses on mortgage loans. Lawyers for the bank’s Countrywide unit argued yesterday in Manhattan that State Supreme Court Justice Eileen Bransten was wrong when she ruled last [...]

By Erik Larson – Mar 13, 2013 12:01 AM ET Bank of New York Mellon Corp. and a group of noteholders were criticized by a judge in their bid to force Chesapeake Energy Corp. (CHK) to pay $400 million in extra interest if it loses a lawsuit over its attempt to redeem $1.3 billion in notes early at [...]

By Erik Larson - Mar 12, 2013 10:04 AM ET Bank of New York Mellon Corp. asked a federal judge to reject a bid by Chesapeake Energy Corp. (CHK) for a preliminary injunction that would allow it to redeem more than $1.3 billion in notes early and avoid new interest. Chesapeake sued March 8 seeking a court order that it can [...]

By Joe Schneider - Mar 12, 2013 3:34 AM ET Nathan Tinkler, the biggest shareholder in Whitehaven Coal Ltd. (WHC), proposed buyingBlackwood Corp. (BWD) to avoid having to testify in court about his finances, an Australian judge was told. New South Wales Superior Court Justice Paul Brereton today dismissed Tinkler’s bid to avoid taking the stand, ruling against his claim [...]

By Joel Rosenblatt & Jeff Kass - Mar 12, 2013 12:09 AM ET James Holmes, the accused Colorado movie theater shooting suspect who might face the death penalty if convicted, may be the first such defendant to challenge the constitutionality of the state’s insanity defense laws. Arapahoe County District Court Judge William Sylvester in Centennial, Colorado, said yesterday in an order advising [...]

By Edvard Pettersson – Mar 11, 2013 7:44 AM ET The German fugitive hedge fund manager who more than five years ago fled the Spanish island of Mallorca with $500,000 hidden in his underwear and luggage faces U.S. charges after his arrest at the Uffizi Gallery in Florence. Florian Homm, 53, was taken into custody by Italian police at [...]

By John Lauerman - Mar 11, 2013 12:01 AM ET Harvard University in Cambridge, Massachusetts. Photographer: Brent Lewin/Bloomberg Harvard University raised concern on and off campus with the revelation that the administration searched campus e-mails for leaks to the media during the cheating scandal revealed last year. “It’s sufficiently out of step with ordinary understandings of how we operate [...]

By David Voreacos - Mar 11, 2013 12:00 AM ET Johnson & Johnson (JNJ)’s DePuy unit, which just lost a $8.3 million verdict in the first trial over its recalled metal hip implant, now faces a second jury that will consider whether the design was defective. Jurors in Chicago will hear opening statements today about a lawsuit by Carol Strum, [...]

By Patricia Hurtado & Terry Atlas - Mar 8, 2013 12:01 AM ET Sulaiman Abu Ghayth, a son-in-law of Osama bin Laden, is set to be the most senior al-Qaeda member to face a civilian U.S. judge on charges of conspiring to kill Americans after the Sept. 11, 2001, terrorist attacks. Abu Ghayth was captured by U.S. agents after a [...]