Search Results for: law
Philips Electronics to appeal ruling in $467 million patent lawsuit
October 2nd, 2014
Dutch healthcare equipment company Philips said on Thursday it would appeal against a U.S court ruling ordering it to pay $466.8 million in compensation to Masimo Corp for infringing two patents. The patents related to technology used to help ...
Fannie, Freddie shares slump after investor lawsuits dismissed
October 2nd, 2014
Shares of government-controlled Fannie Mae (FNMA.OB) and Freddie Mac (FMCC.OB) plummeted on Wednesday, the day after a judge upheld the U.S. Treasury’s right to seize the mortgage finance companies’ profits. Judge Royce Lamberth, threw out lawsuits brought by investors ...
Alibaba IPO shows why lawyers matter
September 29th, 2014
Following the record-setting IPO of Alibaba, Jack Ma is now a global business icon. In China he has been a business titan for a much longer period of time. When the appointed date arrived, Ma was incensed to learn ...
Czech Lawmakers Approve Ten Percent VAT Rate
September 29th, 2014
The Czech Republic’s lower house of parliament has approved the introduction of a second reduced value-added tax (VAT) rate as part of the country’s 2015 draft budget. A new ten percent VAT rate will be levied on books, pharmaceuticals, ...
Russian lawmaker drafts bill on Foreign-Asset Freeze
September 26th, 2014
A member of Russia’s ruling party proposed a law that would allow the seizure of foreign states’ assets in the country after the U.S. and its allies targeted President Vladimir Putin’s inner circle including a childhood friend with asset ...
Greithner must deliver S&P documents in $5 billion U.S. fraud lawsuit
September 26th, 2014
On legal news, Timothy Geithner, former U.S. Treasury Secretary, must give Standard & Poor’s documents, basically unedited versions, he used when writing his best-selling memoir, a ruling that could help S&P defend against the government’s $5 billion fraud lawsuit ...
Corporate law clients prefer in-house work
September 23rd, 2014
It is hard times for Big Law which is the business of providing legal services via independent professional partnerships. The examples of well-known brands such as Patton Boggs of surviving on their own or the collapse of partnerships such ...
Top Chinese law firm Commerce &Finance “open” to global alliance
September 22nd, 2014
Commerce & Finance (C&F), one of the leading ‘red circle’ firms in China, has signalled that it would consider the idea of a global alliance seriously. C&F managing partner Li Hongji told The Lawyer: “Previously, the firm was resentful ...
HSBC settles a $550 Million lawsuit
September 15th, 2014
HSBC has agreed to pay $550 million for a lawsuit filed in 2011 by the Federal Housing Finance Agency, the federal regulator that oversees the government’s two mortgage finance companies, over troubled mortgage-backed securities sold in the lead-up to ...
SRA silent over ‘fake’ bank law firm probe
September 15th, 2014
Regulator makes no comment on letter-writing practice despite stern warning in july. The Solicitors Regulation Authority has received complaints about individual in-house solicitors accused of involvement in sending letters purporting to be from independent law firms, as more banks ...
