Brooklyn News
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Updated 2 hours, 40 minutes ago
Visa Inc. and MasterCard Inc. sued trade groups and retailers that rejected a $7.25 billion settlement in a price-fixing suit and asked a court to rule that the card companies’ fee practices weren’t illegal.
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Cerberus Capital Management LP settled a suit filed by a former managing director who claimed she was wrongfully fired after trying to correct misleading marketing materials.
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Latham & Watkins LLP’s Zachary Fardon was nominated by President Obama to be U.S. Attorney for the Northern District of Illinois in Chicago. He would replace Patrick Fitzgerald, who left last June and joined Skadden Arps Slate Meagher & Flom LLP.
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Target Corp. and Macy’s Inc. joined with 15 other retailers in suing Visa Inc. and MasterCard Inc. over credit-card and debit-card fees after dropping out of a multibillion-dollar settlement of a similar case.
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Cablevision Systems Corp., the fifth- largest U.S. cable company, asked police to remove people from its annual meeting today after shareholders protested the company’s union pay policies.
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Daniel S. Loeb put aside discussions with Sony Corp. last night to be the first honoree at the first gala for Success Academy Charter Schools.
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Russian billionaire Mikhail Prokhorov sold a 6.5 percent stake in Renaissance Credit for an undisclosed sum to Evgeny Yurchenko, the former head of telecommunications group Svyazinvest OAO.
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Seyfarth Shaw LLP hired Steven R. Meier for its corporate department in Chicago. Meier joins Seyfarth from Jenner & Block LLP, where he was the co-chairman of the real-estate securities practice and a member of its tax department, the firm said in a statement.
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Two companies whose owners claim to operate in accord with Catholic doctrine asked a U.S. appeals court to exempt them from a law requiring businesses to offer birth control coverage as part of employer health plans.
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Tumblr Inc. Chief Executive Officer David Karp, a 26-year-old who started the company in 2007, signed a note announcing Yahoo! Inc.’s $1.1 billion acquisition with the closing, “F--- yeah.”
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