Latest Corporate legal affairs News

Judge rules Qualcomm violated antitrust law in chip market

May. 22, 2019 1:15 PM EDT

NEW YORK (AP) — A federal judge has ruled that Qualcomm unlawfully squeezed out cellphone chip rivals and charged excessive royalties to manufacturers such as Apple in a decision that undercuts a key part of its business. The decision vindicates the U.S. Federal Trade Commission two years after it filed...

Search warrants tied to former Trump lawyer Cohen released

May. 22, 2019 1:06 PM EDT

WASHINGTON (AP) — Months before the FBI raided Michael Cohen's office and hotel room, investigators were examining the flow of foreign money into his bank accounts and looking into whether the funds might be connected to a plan to lift sanctions on Russia, according to court filings unsealed Wednesday. The...

Markets Right Now: Stocks fall on trade, Qualcomm ruling

May. 22, 2019 12:05 PM EDT

NEW YORK (AP) — The latest on developments in financial markets (all times local): 11:55 a.m. Stocks are lower at midday Wednesday as investors eye developments in the U.S.-China trade dispute. Tech stocks declined. Efforts by the Trump administration to restrict technology sales to Chinese companies have...

The Latest: Qualcomm defeat might not lower phone prices

May. 22, 2019 11:18 AM EDT

NEW YORK (AP) — The Latest on federal judge's ruling against Qualcomm (all times local): 11:15 a.m. A federal ruling against Qualcomm is likely to reduce the licensing fees paid on the sales of smartphones. But it's unclear if device makers such as Apple will pass on any of their savings and lower their...

Thai court affirms defamation judgment against UK activist

May. 22, 2019 9:45 AM EDT

BANGKOK (AP) — An appeals court in Thailand on Wednesday upheld a 10 million baht ($313,000) judgment against a British activist who was sued by a fruit canning company whose workers complained of alleged labor abuses. The case was one of several highlighting the ability of corporations to harass labor...

Oral arguments to occur in Trump fight over bank subpoenas

May. 22, 2019 2:29 AM EDT

NEW YORK (AP) — A judge is poised to hear oral arguments Wednesday over President Donald Trump's effort to block congressional subpoenas seeking financial records from two banks. The hearing occurs after congressional Democrats sought the information from Deutsche Bank and Capital One. Trump, his family...

New lawsuit claims Boeing Max suffered from faulty design

May. 21, 2019 6:33 PM EDT

A new lawsuit says Boeing's design of the 737 Max was faulty and the company was able to rush the plane into production because it faced little oversight from regulators. The lawsuit says the plane could crash if a single part malfunctioned, that Boeing concealed problems and refused to ground the plane on its...

Vermont attorney general sues owners of opioid manufacturer

May. 21, 2019 4:57 PM EDT

MONTPELIER, Vt. (AP) — Vermont Attorney General T.J. Donovan says he's filed suit against eight members of the family that owns the drug company that manufactures OxyContin, one of the drugs believed to be partly responsible for the opioid crisis. Donovan alleged Tuesday that for over two decades the...

Death penalty possible in Myanmar cannabis farm case

May. 21, 2019 11:49 AM EDT

YANGON, Myanmar (AP) — A court in Myanmar on Tuesday formally charged an American man and two local co-workers with violating drug laws concerning marijuana, with potential penalties ranging from five years' imprisonment to death. The court in the central Mandalay region charged John Frederic Todoroki with...

Judge sides with Congress over Trump in demands for records

May. 20, 2019 7:05 PM EDT

WASHINGTON (AP) — A federal judge ruled against President Donald Trump on Monday in a financial records dispute with Congress and said lawmakers should get the documents they have subpoenaed. Trump called it a "crazy" decision that his lawyers would appeal. The ruling by U.S. District Judge Amit Mehta...