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    The news that the federal government is suing 17 of the biggest banks in the world for hundreds of billions of dollars no doubt has many people wondering what was the point of bailing them out with hundreds of billions of dollars.

  • Dominique Strauss-Kahn

    Dominique Strauss-Kahn returned home to France on Sunday, for the first time since attempted rape accusations by a New York hotel maid unleashed an international scandal that dashed the former International Monetary Fund chief's chances for the French presidency.

  • WOTS Now: DOJ Tries to Block AT&T Deal

    The Fast Money traders weigh in on the winners and losers in the Justice Department's decision to block AT&T's acquisition of T-Mobile, and CNBC's Jon Fortt with a look at the impact the scuttled merger will have on the rest of the wireless universe.

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    Medical marijuana cannot be sold through private shops, the Michigan appeals court said Wednesday in a major decision that strikes at businesses trying to cash in on pot and cuts off a source for people with chronic ailments.

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    Regulators will announce Wednesday that Google will pay $500 million to settle government charges that it has illegally shown ads for online pharmacies that operate outside the law, according to two people briefed on the investigation. The New York Times reports.

  • Lloyd Blankfein, CEO of Goldman Sachs Group, Inc. participates in a Financial Crisis Inquiry Commission hearing on Capitol Hill on January 13, 2010 in Washington, DC.

    The news that Goldman Sachs chief executive Lloyd Blankfein has hired a high-profile Washington, DC criminal defense attorney likely means that at least one of the government inquiries into Goldman is advancing. And it may indicate that Blankfein himself faces potential legal liability.

  • DSK: Prosecutors Want Charges Dismissed

    Prosecutors in New York have asked a judge to dismiss sexual assault charges against former IMF chief, Dominique Strauss-Kahn. CNBC's Kayla Tausche has the details.

  • IMF Managing Director Dominique Strauss-Kahn

    Charges against former head of the International Monetary Fund Dominique Strauss-Kahn may be dropped altogether this week in New York.

  • The Village People perform on stage at the taping of the American Bandstand.

    The prefab, gaudily costumed 1970s group the Village People and its big hit “Y.M.C.A.” are enduring symbols of the disco era. But now this campy and eternally popular song has become the centerpiece of what could be a significant test of copyright law. The New York Times reports.

  • International Monetary Fund chief Dominique Strauss-Kahn appears in federal court May 16, 2011 in New York City.

    Opposing lawyers disputed the meaning of a medical report that said "rape" caused injuries sustained by the woman who has accused former IMF chief Dominique Strauss-Kahn of sexual assault.

  • Bernie Madoff

    An attorney for several hundred victims of Bernard Madoff's Ponzi scheme says she will ask the Supreme Court to overturn an appeals court ruling that would limit payments by the Securities Investor Protection Corporation.

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    The nation's two largest hot dog makers are taking their legal beefs Monday to federal court in Chicago, where a judge will determine whether Oscar Mayer or Ball Park franks broke false-advertising laws in their efforts to become top dog.

  • Limited government got a boost today. A Federal Appeals court ruled that the health care law's individual mandate is unconstitutional. Greg Abbott, Texas attorney general weighs in.

  • George Soros

    The former girlfriend of billionaire financier George Soros has accused him of reneging on a promise to buy her an apartment in New York City and has filed at $50 million lawsuit.

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    The Dow and Yves Saint Laurent have something in common. They are both continuing to embrace the color red.

  • ZURICH, SWITZERLAND - MAY 10: International Monetary Fund Managing Director Dominique Strauss-Kahn leaves the Second Annual Conference of International Monetary Fund held at the Baur au Lac Hotel on May 10, 2011 in Zurich, Switzerland. The conference hosted by the Swiss National Bank (SNB) and the International Monetary Fund (IMF), brought together central bank governors and senior policymakers, to debat about the reform of the international monetary system with topics such as global liquidity p

    Former IMF chief Dominique Strauss-Kahn sexually assaulted a housekeeper in a "violent and sadistic attack" in his hotel suite in Manhattan in May, a civil lawsuit filed on Monday alleges.

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    The American International Group is planning to sue Bank of America over hundreds of mortgage-backed securities, adding to the surge of investors seeking compensation for the troubled mortgages that led to the financial crisis, the New York Times reports.

  • Father and son Clayton and Drew Peterson have pled guilty to a two count criminal indictment of securities fraud and conspiracy to commit securities fraud, CNBC has learned.

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    The ex-boyfriend of model Jerry Hall, Tim Attias, is being sued by the Rubicon Fund Management—the hedge fund he used to manage a portfolio at —after leaving to start a new firm, Reuters reported Thursday.

  • When people hear the term "terrible sports contract," two assumptions are often made. First, the agreement in question must have been orchestrated by a greedy team owner, with terms deliberately designed to bilk the athlete. And second, the athlete must have been a young rube who signed the contract without consulting a lawyer first. While these scenarios have surely played out many times in the past, they're not the only ones possible.Sometimes, a terrible contract is actually terrible for the

    What are some of the sports contracts that had terrible consequences for the teams that wrote them? Click and find out.