High Court News
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Updated 1 hour, 11 minutes ago
Fairfax Financial Holdings Ltd., with seven of eight hedge funds it accused of spreading false rumors out of a lawsuit, may see the $24 billion case shrink again. A judge is poised to rule whether racketeering counts allowing triple damages should be tossed, Bloomberg News’s Thom Weidlich reports.
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Mukhtar Ablyazov, the ex-BTA Bank chairman who went into hiding last month after being sentenced to 22 months in jail, must turn himself in or risk losing his right to defend a $5 billion fraud lawsuit, a U.K. judge ruled.
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Australian Treasurer Wayne Swan said resource tycoons including Gina Rinehart, Clive Palmer and Andrew Forrest are threatening the nation’s democratic process by using their wealth to shape policy to their interests.
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Maryland Governor Martin O’Malley signed a law making the state the eighth in the U.S. to legalize marriage for same-sex couples.
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Alabama and Georgia argued to salvage state laws targeting illegal immigrants in a hearing before a federal court that already said there’s a “substantial likelihood” some of those measures will be thrown out.
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Four banks charged with defrauding Milan with derivatives offered to unwind the swap at a discount and pay the city its profit from the transaction under a proposed settlement with the municipality.
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A U.S. investigation of possible insider-trading by Goldman Sachs Group Inc. employees expanded to include a managing director whose name emerged at the trial of convicted hedge fund manager Raj Rajaratnam, a person with knowledge of the probe said.
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General Electric Co., the biggest U.S. maker of wind turbines, won a partial appeals-court victory in a patent-infringement case against Mitsubishi Heavy Industries Ltd.
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Megaupload.com founder Kim Dotcom said he will fight U.S. charges that he orchestrated the country’s biggest copyright infringement conspiracy.
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Wisconsin’s highest Court should remove one of its members from the reconsideration of a decision on legislation limiting public employees’ collective bargaining rights, a prosecutor who challenged the ruling said.
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