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Law Legislation

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  • WASHINGTON— The Obama administration asked the Supreme Court Thursday to reinstate securities fraud convictions against two hedge fund portfolio managers, saying a federal appeals court ruling in the financiers' favor makes it harder to prosecute insider trading. The justices should reverse the December ruling by the 2nd U.S. Circuit Court of Appeals in...

  • WASHINGTON, July 30- The final version of the U.S. Environmental Protection Agency's Clean Power Plan, a major air pollution regulation aimed at curbing carbon emissions from power plants, is scheduled for release on Monday. However, in December 2011, the court did block an EPA air regulation to limit pollution crossing state lines. David Doniger, a lawyer with the...

  • PIERRE, S.D.— Citibank will not be able to reclaim $30 million in overpaid bank taxes to the state because it didn't request a refund until after the three-year legal window had passed, the South Dakota Supreme Court said in an opinion released on Thursday. The case goes back to a 2012 claim from Citibank for a $30 million refund for state bank taxes paid between 1999...

  • SARAJEVO, Bosnia-Herzegovina— Amid the protests of thousands of workers, the Bosnian-Croat regional parliament on Thursday adopted a new labor law that aims to create a more business-friendly environment with the intention of creating jobs. Thousands of Bosnians have taken their dissatisfaction with the new law to the streets of Sarajevo, claiming it...

  • TORONTO, July 29- A Canadian law firm said it filed a lawsuit against Fiat Chrysler Automobiles on Wednesday seeking $4 billion in damages, in connection with the massive recall announced by the automaker earlier in July. Merchant Law Group said the lawsuit, which seeks class action status, was filed in the Superior Court in Montreal. It said it plans to file claims...

  • NEW YORK, July 29- A former employee of a major Silicon Valley law firm was sentenced to two years in prison on Wednesday for illegally trading ahead of mergers that were underway at the firm. Braverman, an immigrant from Ukraine who lives in San Mateo, California, in court apologized for his conduct while employed in Wilson Sonsini Goodrich& Rosati's information...

  • NEW YORK— A former software engineer at a prominent California law firm was sentenced Wednesday to two years in prison for insider trading by a judge who noted that he should have realized the dangers of what he was doing when one of his firm's lawyers was arrested on the same charges in a separate prosecution. District Judge Paul A. Engelmayer in Manhattan told...

  • WASHINGTON, July 29- U.S. lawmakers on Wednesday approved a $12 billion bill to keep road and highway construction limping into the autumn, while giving themselves breathing space to hammer out a more serious solution for America's crumbling infrastructure. The Republican-controlled House of Representatives voted 385-34 on legislation to extend highway...

  • TORONTO, July 29- A Canadian law firm said it filed a lawsuit against Fiat Chrysler Automobiles on Wednesday seeking about $4 billion in damages, in connection with the massive recall announced by the automaker earlier in July. Merchant Law Group said the lawsuit, which seeks class action status, was filed in the Superior Court in Montreal. It said it plans to file...

  • ALBUQUERQUE, N.M.— Mary Hudetz, a former Associated Press journalist and current editor of Native Peoples Magazine in Phoenix, will return to the AP in August to become the news cooperative's law enforcement reporter in Albuquerque. "We are excited to have her join our team in Albuquerque." Her nearly two-year stint as editor of the bimonthly Native Peoples...

  • LONDON, July 29- British American Tobacco expects its legal challenge to the implementation of "plain packaging" of tobacco in Britain to be heard in court in December, with possible final resolution by the end of 2016, a senior executive said. Britain adopted a law in March that would prohibit tobacco products from being sold with any branding, colours or logos.

  • House votes to provide money for highways, transit Wednesday, 29 Jul 2015 | 3:05 AM ET

    In one of their last decisions before adjourning for a month, the House backed a bill that would extend spending authority for transportation programs through Oct. 29, and replenish the federal Highway Trust Fund with $8 billion. The Senate plans to take up the House bill before a midnight Friday deadline, when authority for the Transportation Department to...

  • Jeff Miller, R- Fla., chairman of the House Veterans Affairs Committee, would allow VA to use $3.35 billion from the new Veterans Choice program to pay for private health care for veterans from May 1 to Oct. 1. The VA has told Congress that it may shutter hospitals unless it receives flexibility to close a $2.5 billion shortfall caused by a sharp increase in demand by...

  • What's in the 6-year Senate transportation bill Tuesday, 28 Jul 2015 | 3:55 PM ET

    WASHINGTON— The Senate is moving toward the likely passage this week of a sweeping, six-year transportation bill, but the House is putting off consideration of the measure until this fall. Industry officials said the $350 billion Senate bill isn't ideal— not as much money as they would like and only three of the six years paid for— but they are desperate for at least...

  • WASHINGTON— A Democratic senator skeptical of broad government surveillance objected Tuesday to a bill that would have required social media and online sites like Google, Yahoo, Twitter and Facebook to alert U.S. authorities of any terrorist activity. The proposal had been tucked into a broader bill authorizing intelligence programs throughout the 2016...

  • Among the challengers were coal company Peabody Energy Corp and utility American Electric Power Co Inc.. The appeals court ruled that the EPA would have to revise sulfur dioxide emissions budgets for four states and nitrogen oxide budgets for 11 because it had asked them to reduce their emissions by more than required. The EPA has "required states to reduce...

  • DETROIT— The National Wildlife Federation accused the U.S. Transportation Department on Tuesday of not enforcing a federal law that requires pipeline owners and operators to establish safety response plans for worst-case oil spills in lakes, rivers and other waterways. While the pipelines that spurred the group's action are two side-by-side conduits...

  • SBA loans to resume after Congress raises lending limit Tuesday, 28 Jul 2015 | 10:28 AM ET

    The House has passed and sent to President Barack Obama a bill raising the lending authority for the Small Business Administration's biggest loan program, known as the 7 program. The bill, passed earlier by the Senate, raises the lending limit to $23.5 billion. Last year, the SBA didn't approach the limit until September, but Congress raised the ceiling before it...

  • NEW YORK, July 28- Forty percent of millennials have at least one tattoo, according to Pew Research Center. "If you walk into a boardroom and you have that baby girl tattoo on your neck, you may not get that job you want," said Univerity of Tampa assistant professor Kristen Foltz, who conducted the research. Katie Murtagh, a first-year law student at the Charlotte School...

  • VIENNA, July 28- Austria's highest court on Tuesday overturned a law that had canceled nearly a billion euros of debt owed by defunct bank Hypo Alpe Adria, raising chances that certain creditors could get some of their money back. The country's worst postwar financial scandal has swelled Austria's state debt and budget deficit, soured ties with BayernLB owner...