Latest Corporate legal affairs News

Reading Eagle exec seeks to keep newspaper in local hands

Mar. 21, 2019 5:18 PM EDT

READING, Pa. (AP) — An effort is underway to try to maintain local control of the company that publishes the Reading Eagle newspaper, following its filing for bankruptcy protection. Documents filed Thursday in U.S. bankruptcy court revealed that the Reading Eagle Co.'s chief financial officer is seeking to...

The Latest: Democrats want to stop paying outside attorneys

Mar. 21, 2019 4:41 PM EDT

MADISON, Wis. (AP) — The Latest on a judge blocking Wisconsin Republicans' lame-duck laws (all times local): 3:25 p.m. Democratic lawmakers are asking their Republican counterparts to stop paying outside attorneys representing the Legislature after a judge blocked the GOP's lame-duck laws. Republican...

$800K Wells Fargo penalty OK'd in Schilling video game deal

Mar. 20, 2019 5:06 PM EDT

PROVIDENCE, R.I. (AP) — A federal judge has approved an agreement for Wells Fargo Securities to pay an $800,000 civil penalty to end a lawsuit by the U.S. Securities and Exchange Commission over Rhode Island's failed $75 million deal with former Boston Red Sox pitcher Curt Schilling's video game company,...

Penn State to collect $733K from Sandusky's defunct charity

Mar. 20, 2019 4:38 PM EDT

HARRISBURG, Pa. (AP) — Penn State will collect hundreds of thousands of dollars left over from the defunct charity for youth founded by convicted child molester Jerry Sandusky, settling claims from a threatened civil lawsuit. The university and the state attorney general's office both confirmed this week...

Shares in Germany's Bayer plunge on US weed killer ruling

Mar. 20, 2019 3:49 PM EDT

BERLIN (AP) — Shares in chemicals manufacturer Bayer fell sharply Wednesday after a U.S. jury found the Roundup weed killer to have been a substantial factor in a California man's cancer. It's the second case that has gone against manufacturer Monsanto, which was acquired for $63 billion last year by the...

Baltimore sues to block move of Preakness Stakes

Mar. 20, 2019 1:20 PM EDT

BALTIMORE (AP) — Baltimore has ratcheted up a bitter dispute with the owners of a historic racetrack in an effort to seize a nearly 150-year-old course and block the move of one of America's premier horse races out of the city where it was first run in 1873. Under state law, the Preakness Stakes —...

Judge: Tootsie Mini Pops packaging too similar to Dum Dums'

Mar. 20, 2019 12:52 PM EDT

TOLEDO, Ohio (AP) — A federal judge is siding with the makers of Dum Dums lollipops in its lawsuit against a rival candy maker. Ohio-based Spangler Candy Co. is suing Tootsie Roll Industries because it says the Chicago-based company's new Charms Mini Pops packaging too closely resembles the Dum Dums...

UK judge denies bail to fugitive Indian diamond tycoon

Mar. 20, 2019 11:30 AM EDT

LONDON (AP) — Diamond tycoon Nirav Modi, whose jewels once adorned stars from Bollywood to Hollywood, was ordered held without bail in London on Wednesday, more than a year after Indian authorities alleged he was involved in a $1.8 billion bank fraud. A judge remanded Modi into custody at the end of a...

World markets mostly lower as investors await Fed report

Mar. 20, 2019 8:44 AM EDT

BANGKOK (AP) — Shares were mostly falling in Europe after a lackluster day of trading in Asia and U.S. markets appeared set for a slightly higher open ahead of the Federal Reserve's policy statement. Germany's DAX sank 1.2 percent to 11,644, dragged down by a profit warning by BMW and a court ruling...

Jury: Roundup weed killer is major factor in man's cancer

Mar. 19, 2019 6:49 PM EDT

SAN FRANCISCO (AP) — Roundup weed killer was a substantial factor in a California man's cancer, a jury determined Tuesday in the first phase of a trial that attorneys said could help determine the fate of hundreds of similar lawsuits. The unanimous verdict by the six-person jury in federal court in San...