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Law Legislation

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  • CHICAGO, July 24- A law aimed at shoring up two of Chicago's financially shaky public worker retirement systems violates pension protections in the Illinois constitution, a judge ruled on Friday. Pension payments are devouring bigger chunks of budgets for Illinois and Chicago and both face crippling spending cuts or big tax increases if those payments are...

  • NEW YORK, July 24- A federal appeals court on Friday revived a shareholder lawsuit accusing Keurig Green Mountain Inc of misleading shareholders about its business prospects. The 2nd U.S. Circuit Court of Appeals in New York said a lower court judge erred in dismissing the lawsuit, which accused the company, once known as Green Mountain Coffee Roasters, of...

  • CURITIBA, Brazil, July 24- Brazilian prosecutors will present formal charges on Friday against the chief executive of Latin America's largest engineering firm and other senior executives detained last month in a landmark investigation meant to show the country's elite are not above the law. Marcelo Odebrecht, the third-generation chief executive of the...

  • CHICAGO— A Cook County judge on Friday threw out a 2014 law aimed at reducing multibillion-dollar shortfalls in two Chicago pension funds, a decision city officials have said could leave the retirement accounts insolvent in a little more than a decade or lead to massive tax increases. "While we are disappointed by the trial court's ruling, we have always...

  • Appeals court revives challenge to consumer agency Friday, 24 Jul 2015 | 11:20 AM ET

    WASHINGTON— A federal appeals court on Friday revived a legal challenge to the Consumer Financial Protection Bureau, the federal office created to protect consumers in financial dealings with banks, lenders and credit card companies. Wall Street interests and Republicans in Congress fiercely opposed the agency. Eleven states had joined the lawsuit filed...

  • WASHINGTON, July 24- A federal appeals court handed a Texas bank a small victory on Friday, ruling that it has legal standing to challenge the constitutionality of the U.S. Consumer Financial Protection Bureau and the appointment of the bureau's director. In a unanimous decision, the U.S. Court of Appeals for the District of Columbia Circuit found the State...

  • CURITIBA, Brazil, July 24- Brazilian prosecutors will present formal charges Friday against the chief executive of Latin America's largest engineering firm and other senior executives detained last month in a landmark investigation meant to show the country's elite are not above the law. Top executives of Brazil's second-largest engineering firm...

  • Tom Wolf acknowledged Friday that nonprofit social services providers may have to borrow money during the state budget stalemate, but he said they should share his broader goal of doing the right thing for Pennsylvania. "Apparently, if they are forced to borrow money, the cost is not reimbursable in many cases by the state, so that is something that would not be...

  • CHICAGO, July 24- The struggle by Illinois and its local governments to ease huge public pension burdens could get tougher if a state judge later on Friday tosses out a 2014 law aimed at two of Chicago's retirement systems. Pension payments are devouring bigger chunks of budgets for Illinois and Chicago and both have been hit with credit ratings downgrades that...

  • *Farmers, taxi drivers, ferry workers show law-breaking pays. PARIS, July 24- Less than a year since France abandoned its "ecotax" on truckers after protesters destroyed the equipment built to collect it, similar strongarm tactics look to be working for the nation's farmers, cab drivers and ferry workers. Ferry workers who have repeatedly blocked the Channel...

  • BOSTON— Lawsuits challenging Massachusetts' decision to award Wynn Resorts a gambling license have come with a hefty price tag. The state Gaming Commission and three cities involved in the legal fight— Boston, Revere and Somerville— have spent more than $1.4 million combined since the first complaints were filed in October, a review by The Associated Press has...

  • Could Twitter stop the next terrorist attack? Friday, 24 Jul 2015 | 12:05 AM ET

    WASHINGTON— Social media giants including Twitter, Yahoo, Facebook and Google are pushing back against Senate legislation that would require them to alert federal authorities of any terrorist activity, according to industry and government officials. In private meetings on Capitol Hill, industry officials have told lawmakers and congressional staff that...

  • WASHINGTON— The Justice Department's watchdog is criticizing a legal opinion that he says restricts his office's access to materials during investigations. The opinion from the department's Office of Legal Counsel concerns the inspector general's ability to get confidential grand jury, wiretap and credit information. Justice Department spokeswoman...

  • NEW YORK— The deal that, for now, decided the ride-hailing behemoth Uber's future in New York City began with a phone call to Rome. City Council Speaker Melissa Mark-Viverito on Tuesday called Mayor Bill de Blasio, who was attending a conference at the Vatican, to tell him she had secured enough votes to pass legislation that would put a severe cap on Uber's growth.

  • Senate panel would allow marijuana vendors to use banks Thursday, 23 Jul 2015 | 3:22 PM ET

    WASHINGTON— A Senate panel voted Thursday to make it easier for businesses that legally produce and sell marijuana to do business with banks and other financial services providers. The language had passed the House last year but was taken out during talks with the Senate but has yet to consider the underlying spending bill this year. Three Republicans on the...

  • TORONTO, July 23- Toronto taxi drivers are launching a class-action lawsuit against ride-sharing company Uber Technologies Inc, seeking more than C $400 million in damages and an injunction to stop it operating in the Canadian province of Ontario. Law firm Sutts, Strosberg LLP, which is representing the taxi drivers, said in a statement on Thursday that the...

  • House passes bill to prevent mandatory GMO labeling Thursday, 23 Jul 2015 | 2:07 PM ET

    WASHINGTON— Food companies would not have to disclose whether their products include genetically modified ingredients under legislation passed by the House Thursday. So far, Vermont is the only state set to require the labels. Maine and Connecticut have also passed laws requiring the labeling, but those measures don't take effect unless neighboring states...

  • Skadden loses ruling on overtime pay for lawyers Thursday, 23 Jul 2015 | 1:17 PM ET

    NEW YORK, July 23- A federal appeals court said on Thursday the New York law firm Skadden, Arps, Slate, Meagher& Flom may owe overtime pay to a contract lawyer for performing non-legal work, a decision that could make it more costly for firms to hire temporary lawyers. The 2nd U.S. Circuit Court of Appeals said contract lawyers can be eligible under federal labor law for...

  • WASHINGTON— States could no longer require labels on genetically modified foods under legislation the House is considering. So far, Vermont is the only state set to require the labels. "The reality is, biotechnology has time and time again proved safe," the bill's sponsor, Kansas Republican Rep.

  • Franchise owners say they're considering a lawsuit against Cuomo's plan to raise the minimum wage in their eateries to $15 an hour, arguing that it is not fair or legal to be saddled with such a significant increase in labor costs that won't apply to retail, landscaping, child care or other traditionally low-wage industries. "Singling out fast food restaurants...