Senate Republicans blocked the last of President Barack Obama’s three nominees to a federal appeals court that oversees some of the nation’s biggest business cases, dealing a blow to his efforts to reshape the panel.
The fates of Jeffrey Skilling and Conrad Black rest in the hands of lower court judges after U.S. Supreme Court rulings gave both men grounds to overturn at least part of their corporate fraud convictions.
Conrad Black’s 2007 convictions for fraud and obstructing justice should be thrown out because it’s impossible to tell whether jurors found him guilty under a now- invalid legal theory, his lawyer told a federal appeals court.
New York’s highest court was asked by Bank of America Corp. , UBS AG and other institutions to reinstate their lawsuit claiming that bond insurer MBIA Inc.’s 2009 restructuring was intended to defraud policyholders.
Dewey & LeBoeuf LLP, whose bank loans are partly secured with money due from clients, told partners they can’t have their monthly pay until they send all the bills for their services, a person familiar with the matter said.
The Obama administration will ask the U.S. Supreme Court to reverse a ruling by a three-judge panel that the president violated the Constitution by making appointments to the federal labor board without Senate approval.
Freeport-McMoRan Copper & Gold Inc., the world’s largest publicly traded copper producer, agreed to acquire Plains Exploration & Production Co. and McMoRan Exploration Co. for about $9 billion as the company returns to its roots in energy.
John Yoo, an ex-U.S. Justice Department attorney who wrote memos justifying harsh interrogations of suspected terrorists, won dismissal of a lawsuit brought by an ex-detainee alleging physical abuse, a federal appeals court ruled.