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Law Legislation

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  • MGM, which plans to open its own $800 million facility in nearby Springfield, Massachusetts, asked the federal court to declare the law "invalid, null, and void in its entirety" and stop officials from abiding by it. "MGM is ready, willing, and able to compete for the opportunity to develop a commercial casino gaming facility in Connecticut, but is excluded by the act...

  • NEW YORK, Aug 4- A federal appeals court has revived litigation against Visa Inc, Mastercard Inc and several U.S. banks accusing them of conspiring to inflate the prices of ATM access fees in violation of antitrust law. Their lawsuits accused Visa and MasterCard of adopting rules protecting themselves from competition with lower-cost ATM network.

  • "I urge the Senate to allow us to act and pass it this week," he said, urging lawmakers to allow a vote on the bill before leaving for a four-week recess at the end of the week. But privacy concerns stalled the measure in the Senate despite strong support from corporations that see it as a key to preventing more cyber attacks like the high-profile assaults on Sony...

  • NEW YORK— Truckers who claim the New York State Thruway Authority charges excessive tolls are back on track after a federal appeals court reinstated their claims Tuesday. The 2nd U.S. Circuit Court of Appeals in Manhattan said three commercial trucking companies, their national trade association and individual truckers can proceed with claims that the...

  • WASHINGTON— A federal appeals court has revived a lawsuit accusing MasterCard, Visa and three major banks of illegally fixing ATM prices at the expense of consumers. The federal appeals court in Washington ruled Tuesday that a group of consumers and independent ATM operators could pursue antitrust claims against the companies. But the appeals court said...

  • MONTPELIER, Vt.— More than 800 needy families with disabled adults will keep their current level of financial assistance for two more months after a class-action lawsuit from Vermont Legal Aid. In their lawsuit against the Agency of Human Services in July, Vermont Legal Aid claimed the policy deprives those affected of due process and equal protection of the...

  • GARAUFIS ORDERS ONE LAW FIRM REMOVED AS CO-LEAD COUNSEL IN AMEX ANTITRUST CASE, ORDERS NEW ROUND OF BRIEFING.

  • The District of Columbia U.S. Circuit Court of Appeals upheld an award rendered by a panel at The Hague's Permanent Court of Arbitration in the Netherlands, after Chevron claimed Ecuador had violated an international treaty by failing to resolve lawsuits over commercial disputes between the two sides in a timely manner.

  • The plan includes raising an estimated $900,000 to $1.3 million by selling 330 linear feet of lakefront property that's not needed to run the northwestern Pennsylvania park, which is home to one of the nation's oldest roller coasters, the Blue Streak. The park's trustees opened the park for the summer under management of the Economic Progress Alliance of...

  • Aug 3- Sirius XM Radio Inc has agreed to pay up to $1.3 million to settle claims that it violated U.S. labor laws by not paying interns, making the satellite radio provider the latest large company to settle such a case. In cases against Fox Searchlight Pictures Inc and The Hearst Corp, the appeals court said unpaid internships were legal when they were closely tied...

  • Goldman Sachs raises range of potential legal costs Monday, 3 Aug 2015 | 1:08 PM ET

    NEW YORK— Goldman Sachs Group Inc. raised the upper end of its estimate for "reasonably possible" legal expenses to $5.9 billion, according to a regulatory filing. In August of 2014, Goldman Sachs agreed to a settlement worth $1.2 billion to resolve claims that it misled U.S. mortgage giants Fannie Mae and Freddie Mac about risky mortgage securities it sold them...

  • BUFFALO, N.Y.— The clock is ticking for leaders of New York's most chronically underperforming public schools, who under a new state law must quickly begin to turn things around or lose control to an outsider— a tactic that has produced mixed results elsewhere. On the other hand, Buffalo parent leader Sam Radford sees "the dawn of a new day" for schools where progress...

  • Goldman raises top end of legal-loss estimate Monday, 3 Aug 2015 | 7:45 AM ET

    Aug 3- Goldman Sachs Group Inc raised the top end of the range for possible legal losses to about $5.9 billion, the bank said in a regulatory filing on Monday. In May, the Wall Street bank estimated $3.8 billion in legal losses above what it had already set aside. (Reporting by Anil D'Silva in Bengaluru; Editing by Don Sebastian).

  • Goldman tentatively agrees to settle suit: Source Monday, 3 Aug 2015 | 6:57 AM ET

    Goldman Sachs has tentatively agreed to pay about $270 million to settle a lawsuit by investors, according to a source familiar with the matter.

  • WASHINGTON— President Barack Obama is mandating even steeper greenhouse gas cuts from U.S. power plants than previously expected, while granting states more time and broader options to comply. The tweaks to Obama's unprecedented emissions limits on power plants, to be unveiled at the White House on Monday, aim to address a bevy of concerns raised by both...

  • WASHINGTON, Aug 2- President Barack Obama will unveil on Monday the final version of his plan to tackle greenhouse gases from coal-fired power plants, kicking off what is expected to be a tumultuous legal battle between federal environmental regulators and coal industry supporters. The White House said its revised Clean Power Plan will increase the required...

  • Trump card! Mogul's support soars in new poll Sunday, 2 Aug 2015 | 9:22 AM ET
    Donald Trump

    Donald Trump has surged into the national lead in the primary race, a new NBC News/ Wall Street Journal poll shows.

  • AUSTIN, Texas— A grand jury has indicted Texas Attorney General Ken Paxton on felony securities fraud charges that accuse the Republican of misleading investors before he took over as the state's top law enforcement officer, a special prosecutor said Saturday. Kent Schaffer, a Houston defense attorney appointed by a judge to the case, told The New York Times...

  • July 31- Goldman Sachs Group Inc has tentatively agreed to pay about $270 million to settle a lawsuit by investors, according to a source familiar with the matter. Also on Friday, Goldman Sachs was among a group of banks that received court approval for a $235 million settlement related to mortgage securities reached in February, according to a court filing.

  • CHICAGO, July 31- Budget deficits are projected to persist for Chicago as pension and debt costs gobble up more revenue, according to an annual financial analysis released by the city on Friday. If Illinois fails to enact legislation easing Chicago's payments to its public safety retirement systems, the deficit could be even higher. Chronic structural budget...