Law Legislation

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  • Feb 5- New Jersey on Friday filed a lawsuit against Volkswagen AG and its luxury units over the German automaker's excess diesel emissions, becoming the fourth U.S. state to take legal action. It faces a U.S. ban on selling 2016 diesel models and is holding talks with California, which issued a separate ban, and the U.S. Environmental Protection Agency to win...

  • SEATTLE, Feb 5- Washington state lawmakers voted down a bill on Friday that would have linked $8.9 billion in state aerospace industry tax breaks to Boeing Co employment levels.

  • NEW YORK/ BUENOS AIRES, Feb 5- The mediator in Argentina's decade-long legal battle with creditors over unpaid debt said he would issue a "significant statement" later on Friday after presiding over a week of intense talks in New York between the two sides. Argentina restructured nearly 93 percent of its defaulted debt in 2005 and 2010 swaps that gave creditors 25...

  • New Jersey sues VW over excess diesel emissions Friday, 5 Feb 2016 | 4:14 PM ET

    Feb 5- New Jersey on Friday filed a lawsuit against Volkswagen AG and its luxury units over the German automaker's excess diesel emissions, becoming the third U.S. state to take legal action. It faces a U.S. ban on selling 2016 diesel models and is holding talks with California, which issued a separate ban, and the U.S. Environmental Protection Agency to win approval...

  • ALBUQUERQUE, N.M.— New Mexico has succeeded in a lengthy legal battle aimed at barring a horse slaughter operation from opening in the state. Bruce Wagman, an attorney for the horse advocacy group Front Range Equine Rescue, said Friday that the order and previous rulings from the judge effectively end any chance of a horse slaughter operation opening in New...

  • The German carmaker said Friday it would give new dates for the earnings release, formerly slated for March 10, and for its shareholder gathering originally set for April 21. The U.S. Environmental Protection Agency is suing the company in federal court over what it says were 600,000 such vehicles. U.S. law firm Jones Day is conducting an investigation into who...

  • His lawyer, Roderick Martin of Martin& Partners, withdrew his request after Singapore's deputy chief prosecutor raised no objection to Yak's plan to transfer $1.76 million to Singapore from overseas accounts to pay his tax and legal fees. 1 MDB, whose advisory board is chaired by Malaysian Prime Minister Najib Razak, is being investigated by authorities in...

  • China graft watchdog raps financial regulators Thursday, 4 Feb 2016 | 10:42 PM ET

    BEIJING, Feb 5- China's main ruling Communist Party anti-graft watchdog has criticised four financial regulators after its latest inspection, saying they had problems ranging from using public funds for holidays to lack of corruption risk controls. The four- the People's Bank of China, State Administration of Foreign Exchange, China Banking Regulatory...

  • NEW YORK, Feb 4- A suspended deputy United Nations ambassador from the Dominican Republic cannot claim diplomatic immunity to avoid U.S. charges that he participated in a vast bribery scheme, a U.S. judge ruled on Thursday. District Judge Vernon Broderick in Manhattan ruled that as a naturalized U.S. citizen, neither treaty obligations nor federal law entitled...

  • NEW YORK, Feb 4- A suspended deputy United Nations ambassador from the Dominican Republic cannot claim diplomatic immunity to avoid U.S. charges that he participated in a vast bribery scheme, a U.S. judge ruled on Thursday. District Judge Vernon Broderick in Manhattan ruled that as a naturalized U.S. citizen, neither treaty obligations nor federal law entitled...

  • NEW YORK— Swiss bank Julius Baer, facing a criminal charge, has agreed to pay $547 million and cooperate for three years with American authorities to shut down accounts that enabled wealthy Americans to evade taxes, authorities announced Thursday. "Bank Julius Baer not only turned a blind eye to tax avoiders but actually conspired with them to break the law," U.S.

  • WASHINGTON, Feb 4- The U.S. House of Representatives passed legislation on Thursday that would curb a Justice Department initiative aimed at cutting off perpetrators of fraud from the banking system. The goal of the program, frequently called " Operation Choke Point," has been to hold banks accountable while sniffing out law breakers, according to the department.

  • CHARLESTON, W.Va.— A bankrupt chemical company responsible for a spill that contaminated a West Virginia river and fouled the drinking water supply of 300,000 residents was fined $900,000 on pollution charges Thursday, with a judge noting that Freedom Industries likely could never pay it. Johnston said there were millions more in claims against the company...

  • Democrats are making support for Flint, a poor city of mostly African Americans and Latinos near Detroit, a wider issue ahead of the November presidential election. Democratic candidates Hillary Clinton and Bernie Sanders are set to hold a presidential debate next month in Flint. Senator Lisa Murkowski, a Republican from Alaska and a co-sponsor of the bill,...

  • *European Commission has proposed further reforms. *European Commission demanding answers from Volkswagen. They came close to securing a rare veto in the European parliament of a policy that had the backing of the EU's member state governments and, more grudgingly, the executive European Commission.

  • David Detweiler, an attorney with law firm Clifford Chance, has been named executive vice president and general counsel at Volkswagen of America Group. VW also announced it is opening an office soon in downtown Washington, as it has in other world capitals. VW has been working to bolster its relationships with lawmakers and others in Washington in the face of the...

  • WASHINGTON, Feb 4- A wide-ranging U.S. energy bill, the country's first major energy measure in more than eight years, was close to stalling in the Senate on Thursday as the chamber struggled to strike a deal to help Flint, Michigan cope with a drinking water crisis. Democratic Senators Debbie Stabenow and Gary Peters, both of Michigan, had proposed an amendment to...

  • WASHINGTON, Feb 4- Volkswagen AG has replaced the head of its U.S. legal department with an outside lawyer as it works to win approval to fix nearly 600,000 vehicles with excess emissions, a person briefed on the matter said Thursday. David Detweiler, an attorney with law firm Clifford Chance, has been named the top attorney at Volkswagen of America Group.

  • LANSING, Mich.— Email warned governor's aide early of possible link between Legionnaires' surge, Flint water.

  • Attorney General Eric Holder is leading negotiations for MTN as the South Africa- based telecommunications giant tries to eliminate or reduce a $3.9 billion fine imposed against the company's Nigerian subsidiary, the Nigerian Communications Commission said Thursday. Spokesman Tony Ojobo said Holder "is leading MTN's legal team" in negotiations agreed by...