European Union lawmakers clinched a deal to toughen the bloc’s financial-market rulebook, backing sweeping measures that will put the brakes on high-frequency trading and curb speculation in commodity derivatives.
The U.S. Supreme Court gave multinational companies a stronger shield against lawsuits, throwing out a case against Daimler AG over a company unit’s alleged collaboration in torture and killings in Argentina.
BlackRock Inc., the world’s largest asset manager, said one of its employees is facing a civil proceeding by an Italian securities regulator that alleges he used nonpublic information to avoid 114.5 million euros ($156.5 million) in losses for clients last year.
A foreign company enlisting the assistance of U.S. courts under Chapter 15 of the Bankruptcy Code is barred from terminating licenses of U.S. patents, according to an opinion by the U.S. Court of Appeals in Richmond, Virginia.
Inez Tenenbaum, the chairman of the U.S. Consumer Product Safety Commission since 2009, is joining Nelson Mullins Riley & Scarborough LLP on Dec. 1. She will work with the law firm’s product safety, risk prevention and regulatory practice group.