The United States cannot ban offshore Internet gambling while allowing the same operations within its borders, the World Trade Organization ruled Friday. iStock photo-illustration The U.S. ban on offshore Internet gambling payments is illegal, the World Trade Organization said Friday, ...
Read More »Inside interview
Michael Elston, counselor and chief of staff to Deputy Attorney General Paul McNulty, arrives for a closed interview with the House Judiciary Committee on Friday about the investigation of the recent firings of eight U.S. attorneys. Committee Chairman John Conyers, ...
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U.S. court rejects SEC rule on brokers giving advice A federal appeals court struck down a rule allowing brokers to offer fee-based accounts without meeting stiffer customer-protection requirements. The Financial Planning Association sued the SEC in 2004, claiming the agency ...
Read More »First local sex trafficking charges filed
John Lee Geiler Jr. and Darrill Gray were indicted on federal charges involving the prostitution of a juvenile and distribution of crack cocaine, U.S. Attorney Catherine L. Hanaway announced Friday. “This is the first prosecution in the Eastern District of ...
Read More »Cox sees ease to Sarbanes-Oxley
Securities and Exchange Commission Chairman Christopher Cox says the SEC’s move to scale back the Sarbanes-Oxley Act will help reduce burdens on business. Photo by Dennis Brack/Bloomberg News U.S. Securities and Exchange Commission Chairman Christopher Cox said the agency’s attempt ...
Read More »Fen-Phen law firm ordered to trial on ethics claims
Napoli Bern Ripka, a New York-based law firm, faces trial over allegations its lawyers pursued self-interest when they settled a class action lawsuit over Wyeth’s fen-phen diet drug in 2001. New York plaintiffs may obtain documents about how Napoli Bern ...
Read More »XM wins dismissal of shareholder suit
XM Satellite Radio Holdings, the largest U.S. pay-radio service, won dismissal of a class action lawsuit over a slump in share prices last year. U.S. District Judge Ellen Segal Huvelle in Washington threw out the suit, saying investors failed to ...
Read More »How to … choose an audit firm
If your company will need to be audited in the not-so-distant future, start your search for an audit firm soon. This will allow you to take your time, choose a good firm and make any necessary preparations before the audit ...
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Hershey sues vendor over mint logo parody Candy maker The Hershey Co. has filed a trademark infringement lawsuit against a Maryland-based vending company over a sticker parodying the logo for York Peppermint Patties. The Hershey, Pa.-based candy manufacturer filed the ...
Read More »BP hit with last-minute suits over oil refinery blast
The Galveston County District clerk in Texas estimates that 1,675 new claims were filed in Texas state court against BP in the three weeks before the March 23 filing cutoff for suits over the 2005 Texas City blast. The refinery ...
Read More »JPMorgan suit over Enron dismissed
JPMorgan Chase & Co. no longer faces a lawsuit over claims it defrauded investors by failing to disclose it secretly helped Enron Corp. hide liabilities. U.S. District Judge Sidney Stein in New York on Thursday dismissed the suit, filed in ...
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