Law Supreme Court (U.S.)

  • WASHINGTON, Dec 12- The U.S. Supreme Court on Monday rejected former American International Group CEO Maurice "Hank" Greenberg's bid to escape civil fraud charges in New York accusing him of orchestrating sham transactions at the insurer. A spokesman for New York Attorney General Eric Schneiderman had no immediate comment. Greenberg led the New York- based...

  • WASHINGTON, Dec 12- The U.S. Supreme Court on Monday declined to hear a case over whether companies that make copycat versions of biologic drugs must wait six months after winning federal approval before bringing them to the market. The justices opted not to take up Apotex Inc's appeal of a July federal appeals court ruling that could delay the Canadian generic...

  • WASHINGTON, Dec 12- The U.S. Supreme Court on Monday left in place a Colorado law dubbed the "Amazon tax" designed to make it easier for the state to collect sales taxes on out-of-state internet purchases, refusing to hear a challenge to it by an industry trade group. The justices declined to take up the Direct Marketing Association's appeal of a February ruling by...

  • WASHINGTON, Dec 12- The U.S. Supreme Court on Monday rejected former American International Group CEO Maurice "Hank" Greenberg's bid to escape civil fraud charges in New York accusing him of orchestrating sham transactions at the insurer, even as his trial continues. The justices left in place a June ruling by the New York Court of Appeals that his trial on charges...

  • WASHINGTON, Dec 12- The U.S. Supreme Court on Monday declined to hear a case over whether companies that make copycat versions of biologic drugs must wait 180 days after winning federal approval before bringing them to the market.

  • WASHINGTON, Dec 12- The U.S. Supreme Court on Monday left in place a Colorado law dubbed the "Amazon tax" designed to make it easier for the state to collect sales taxes on out-of-state internet purchases, refusing to hear a challenge to it by an industry trade group. The justices declined to take up the Direct Marketing Association's appeal of a February ruling by...

  • WASHINGTON, Dec 12- The U.S. Supreme Court on Monday rejected former American International Group CEO Maurice "Hank" Greenberg's bid to escape civil fraud charges in New York accusing him of orchestrating sham transactions at the insurer, even as his trial continues. The justices left in place a June ruling by the New York Court of Appeals that his trial on charges...

  • Dec 6- The U.S. Supreme Court on Tuesday sided with Samsung in its big-money smartphone patent fight with Apple, throwing out an appeals court ruling that the South Korean company had to pay a $399 million penalty to its American rival for copying key iPhone designs. The justices sent the case back to the U.S. Court of Appeals for the Federal Circuit in Washington to...

  • WASHINGTON, Dec 6- President Barack Obama's legal defense of some key initiatives including his signature healthcare law is collapsing as courts put cases on hold until after President-elect Donald Trump, hostile to the policies, assumes office on Jan. 20. They also include Obama's executive action, put on hold by the Supreme Court in June, to spare from...

  • Dec 6- The U.S. Supreme Court on Tuesday sided with Samsung in its big-money smartphone patent fight with Apple, throwing out an appeals court ruling that the South Korean company had to pay a $399 million penalty to its American rival for copying key iPhone designs. The justices sent the case back to the U.S. Court of Appeals for the Federal Circuit in Washington to...

  • Dec 6- The U.S. Supreme Court on Tuesday made it easier to prosecute insider trading cases, ruling that tipsters who provide confidential information that enables friends and family to profit do not need to get something in return to have broken the law. In the court's first insider trading ruling in two decades, the justices by an 8-0 vote upheld the 2013...

  • The Supreme Court

    Apple sued Samsung for copying design features of its devices, including, among other things, its colorful grid of app icons.

  • Michael Lewis, author of Flash Boys.

    Michael Lewis, "The Undoing Project" author, weighs in on insider trading, Wall Street regulation and the Trump administration.

  • SCOTUS makes key ruling on insider trading casing

    CNBC's Hampton Pearson reports on the unanimous decision by the U.S. Supreme Court regarding insider trading.

  • Dec 6- The U.S. Supreme Court on Tuesday sided with Samsung in its big-money smartphone patent fight with Apple, throwing out an appeals court ruling that the South Korean company had to pay a $399 million penalty to its American rival for copying key iPhone designs. The justices sent the case back to the U.S. Court of Appeals for the Federal Circuit in Washington to...

  • Supreme Courts gets tough on insider trading

    The Supreme Court cracks down on insider trading by ruling that tips from relatives and friends are illegal, even if the insider gets nothing of value in return.

  • The justices, in an 8-0 decision, upheld the 2013 conviction of Bassam Salman, a Chicago man who made nearly $1.2 million trading on non-public information that came from his brother-in-law at Citigroup Inc. It was the court's first ruling in an insider trading case in two decades. The ruling was a major victory for securities regulators and prosecutors, who for...

  • WASHINGTON, Dec 6- The Supreme Court on Tuesday handed a victory to two whistleblower sisters by upholding a jury verdict that found State Farm defrauded the U.S. government when the insurance company assessed damage caused by Hurricane Katrina along the Gulf of Mexico coast in 2005.. The court ruled 8-0 to reject State Farm's challenge to a 2015 lower court...

  • Supreme Court sides with Samsung in Apple patent case

    The US Supreme Court ruled for the South Korean company in a dispute over damages related to Apple's iPhone design.

  • Dec 6- The U.S. Supreme Court, ruling in an insider trading case for the first time in two decades, on Tuesday upheld a Chicago man's conviction in a decision that could make it easier to prosecute people accused of profiting from confidential information. The justices, in an 8-0 decision, ruled against Bassam Salman, who was appealing a 2013 conviction stemming...