Law & Regulation
European Union bureaucrats convinced major banks in Europe to compete with each other, a push helped fuel the EuroZone crisis. But as E.U. Competition Commissioner Mario Monti firly believed that competition would "reward greater efficiency."
West Virginia Governor Joe Manchin III filed a friend-of-the-court brief in June, arguing the State Supreme Court should review a $382 million judgment against DuPont. The case involves thousands of residents in the area of a DuPont-operated zinc-smelting plant, and the largest civil penalty ever levied against the company, for the dumping of toxic arsenic, cadmium and lead at the plant.
Judge Louis L. Stanton of United States District Court has established Wednesday as the deadline for Bernard L. Madoff, who is accused of operating a $50 billion Ponzi scheme, to provide federal securities regulators with a full accounting of his and his New York firm's assets - from real estate to art works to bank accounts.
Dealing with a deep-sea spill is a a problem that spans the industry, whose major players include Chevron Corp, Royal Dutch Shell and PetrÃ³leo Brasileiro SA. Without adequately planning for trouble, the oil business has focused on developing experimental equipment and techniques to drill in ever deeper waters, according to a Wall Street Journal examination.
Boeing, the aircraft manufacturing giant from Seattle, helped defeat a Republican proposal in Washington state that would have forced government agencies to get approval to buy unmanned aerial vehicles, popularly known as drones, and to obtain a warrant before using them to conduct surveillance on individuals.
Police departments across the U.S. pay AT&T, the telecommunications giant, over one hundred thousand dollars a year for special access to telephone records of clients without first obtaining a warrant. The program is called 'Hemisphere' and the company required buyers to keep its existence secret.
The Supreme Court announced Monday that it would consider a lawsuit that accuses the nation's largest telephone companies of violating federal antitrust law by conspiring to carve up local markets to preserve their monopolies.
The question at the heart of one of the biggest Supreme Court cases this year is simple: What constitutional rights should corporations have? The legal doctrine underlying this debate is known as "corporate personhood."
Auditors at a Pentagon oversight agency were pressured by supervisors to skew their reports on major defense contractors to make them look more favorable instead of exposing wrongdoing and charges of overbilling, according to an 80-page report released yesterday by the Government Accountability Office.