DETROIT, Sept 16- An expert witness hand-picked by the federal judge overseeing Detroit's historic bankruptcy case will testify on the feasibility of the city's debt adjustment plan without restrictions, the judge ruled on Tuesday.» Read More
Authorities said Braverman from 2010 to 2013 made close to $300,000 from illegal trades in stocks and options of eight companies, including Drugstore.com Inc, Dealertrack Technologies Inc and Seagate Technology Plc, involved in transactions on which Wilson Sonsini was providing legal advice.
HARRISBURG, Pa.— Philadelphia's school system drew nearer to a badly needed infusion of cash with a unanimous Pennsylvania House committee vote Tuesday in favor of a $2- a-pack cigarette tax in the city.
SACRAMENTO, Calif.— California will no longer be the last Western state with a pump-as-you-please approach to groundwater. Jerry Brown signed legislation on Tuesday overhauling the state's management of its groundwater supply, bringing it in line with other states that have long regulated their wells.
ALBANY, N.Y.— New York court administrators have adopted new filing requirements for debt collectors meant to prevent unfair claims and defaults in credit card collection cases against consumers.
WASHINGTON— The poverty rate in the United States has dropped for the first time since 2006, bringing a bit of encouraging news about the nation's economy as President Barack Obama and Congress gear up for midterm elections.
Social Security began phasing out mailed statements to most workers in 2011 to save an estimated $70 million a year. Congress, however, passed a bill last year requiring Social Security to resume mailing the statements.
David Heiman, whose law firm Jones Day represents Detroit, told Rhodes that Syncora and the city "have laid down their swords." In a court filing on Monday, Syncora confirmed a "comprehensive settlement" with the city that was still subject to "definitive documentation and resolution of other terms.
Sept 15- The London- based international law firm Freshfields Bruckhaus Deringer has hired a veteran M&A lawyer from New York- based Shearman& Sterling, according to two people familiar with the matter.
WASHINGTON, Sept 15- Congress may yet pass legislation this year to curb foreign buyout deals that allow corporations to cut their U.S. income taxes, a leading Democratic lawmaker said on Monday.
BOSTON— The state's highest court has thrown out a lawsuit aimed at blocking Tesla Motors from selling its upscale electric cars directly to consumers. The Massachusetts State Automobile Dealers Association had sought to prevent the direct sales, citing a state law designed to block car dealers from abuses by car manufacturers.
The court ruled 6-0 that a trial court was correct to dismiss appeals by opponents of the project by BNE Energy Inc. to build three wind turbines in Colebrook in northwestern Connecticut.
CONCORD, N.H.— Senate Republicans on Monday fell two votes short of overriding Gov. Sharon Carson, a Londonderry Republican who sponsored the bill, said lawmakers began hearing last year about disciplinary and budgeting issues at the Sununu Youth Services Center in Manchester.
BUENOS AIRES, Sept 14- Argentina will pay holders of its restructured sovereign debt thanks to a bill passed by its Congress last week despite a U.S. court ruling, the country's economy minister told a local radio show on Sunday.
*Spain, others, fearful of separatist precedent, could veto Scots. *Realpolitik, negotiation with Spain, London may well be decisive. BRUSSELS, Sept 14- If Scots vote for independence, it will be in part because they believe assurances that their small Atlantic peninsula can quit the United Kingdom without ever leaving the secure embrace of the European Union.
WASHINGTON— Efforts to come up with a new chemical regulation bill face an uphill battle in the Senate.
BUENOS AIRES, Argentina— A law designed to restructure Argentina's debt and sidestep a U.S. court ruling that pushed the government into default could be difficult to apply and worsen the country's frail economy, analysts say.
Greek businessman and ship owner Victor Restis last year sued UANI for defamation after the New York- based group, whose advisors include former intelligence officials from the United States, Europe and Israel, accused him of violating sanctions on Iran by exporting oil from the country.
NEW YORK, Sept 12- The U.S. Justice Department asked a judge to dismiss a private lawsuit on the grounds that proceedings could reveal state secrets and "cause harm to national security," government lawyers said in a court filing on Friday.
NEW YORK— New York City Council members held a hearing Friday on a bill that would prevent companies from using credit checks in employment decisions, a practice that they said harms the very people who need jobs the most. "We're here today for the simple cause of fairness," said Councilman Brad Lander, a Brooklyn Democrat who is the bill's chief sponsor.
"Rather than be picked apart on a state-by-state basis, with different regulations, we needed to have a coherent and cohesive federal system," said Anne Kolton, spokeswoman for the American Chemistry Council.