Latest Corporate legal affairs News

David Glockner, Commonwealth Edison executive vice president for compliance and audit, testifies during the House Special Investigating Committee II hearing at the William G. Stratton Building in Springfield, Ill., Tuesday, Sept. 29, 2020. The committee is looking into House Speaker Michael Madigan's role in a bribery scandal involving utility giant Commonwealth Edison. (Ted Schurter/The State Journal-Register via AP)

Former ComEd vice president pleads guilty in bribery scheme

Sep. 29, 2020 8:10 PM EDT

CHICAGO (AP) — A former ComEd vice president pleaded guilty Tuesday to his role in what prosecutors say was a long-running bribery conspiracy in which the energy utility sought legislative support from one of Illinois’ most powerful Democrats, House Speaker Michael Madigan. Fidel Marquez, who headed...

Officials request federal audit of internet provided by AT&T

Sep. 29, 2020 7:32 PM EDT

JACKSON, Miss. (AP) — The state of Mississippi on Tuesday questioned whether AT&T has adequately followed through on a federally funded initiative to make internet service available to residents as officials asked the U.S. government to perform an audit into the matter. In a letter to the Federal...

Judge blocks proposed joint venture of 2 big coal companies

Sep. 29, 2020 5:59 PM EDT

ST. LOUIS (AP) — A federal judge on Tuesday blocked a proposed joint venture between two leading private coal companies. The ruling by U.S. District Judge Sarah Pitlyk in St. Louis halts the proposed joint venture of two companies based in the St. Louis area, Peabody Energy and Arch Resources, the St....

FILE - In this Nov. 25, 2019 file photo, the logo of Tiffany & Co. is pictured on the Champs Elysees avenue in Paris. Luxury conglomerate LVMH Mo√ęt Hennessy Louis Vuitton SE has filed a countersuit Monday, Sept. 28, 2020, against Tiffany over their ruined merger deal, noting conditions necessary to close the $14.5 billion acquisition of the jewelry chain have not been met. (AP Photo/Michel Euler, File)

LVMH files countersuit against Tiffany over $16.2 B deal

Sep. 29, 2020 5:09 PM EDT

NEW YORK (AP) — Luxury conglomerate LVMH Moët Hennessy Louis Vuitton SE has filed a countersuit against Tiffany over their ruined merger deal, noting conditions necessary to close the $16.2 billion acquisition of the jewelry chain have not been met. It also noted in a statement that the...

Dutch competition watchdog fines 4 tobacco companies

Sep. 29, 2020 5:05 PM EDT

THE HAGUE, Netherlands (AP) — The Dutch consumer watchdog has fined four major tobacco companies a total of more than 82 million euros ($96 million) for distorting competition by indirectly exchanging pricing information for cigarettes and tobacco. The fine was levied in May but only published Tuesday...

Scooter-riding 7-year-old fatally struck by armored truck

Sep. 29, 2020 4:52 PM EDT

NEW YORK (AP) — An armored truck struck and killed a 7-year-old girl riding a scooter in Brooklyn, police said. The truck hit the child shortly after 4 p.m. Monday as she was crossing Bay 23rd Street in the Bath Beach section, police said. The girl, identified as 7-year-old Sama Ali, was taken to a...

Blue water lines the coast of Koh Chang island in March 2018, Trat Province, southern Thailand. American expat Wesley Barnes, an English-language teacher in Thailand, was sued for criminal defamation by a hotel at which he stayed on the island because of derogatory reviews he posted online. He could face up to five years in prison on two charges if tried and found guilty. (AP Photo/Phusit wirutthanatporn)

US man could get prison for review of Thailand hotel

Sep. 29, 2020 4:52 PM EDT

BANGKOK (AP) — Labor activists, journalists and whistleblowers in Thailand have been targets in recent years of criminal defamation lawsuits for exposing alleged corporate wrongdoing, but now a disgruntled hotel guest has joined their ranks and could face prison time for his online comments disparaging a...

North Carolina actuary charged with insider trading

Sep. 29, 2020 4:47 PM EDT

CHARLOTTE, N.C. (AP) — A North Carolina actuary accused of insider trading ahead of a merger between two energy companies has been indicted on federal fraud charges. Eric Hill, 44, of Charlotte, was charged with fraud in connection with the purchase and sale of securities and seven counts of securities...

FILE - In this Sept. 15, 2020, file photo, former Nissan Motor Co. executive Greg Kelly arrives for the first trial hearing at the Tokyo District Court in Tokyo. A Nissan employee testified Tuesday, Sept. 29, 2020 that he worked with another former Nissan executive, American Greg Kelly to find ways to pay the automaker's former chairman, Carlos Ghosn without fully disclosing his compensation. (Kiyoshi Ota/Pool Photo via AP, File)

Nissan employee testifies against American on trial in Japan

Sep. 29, 2020 4:22 PM EDT

TOKYO (AP) — A Nissan employee testified Tuesday that he worked with another former Nissan executive, American Greg Kelly to find ways to pay the automaker's former chairman, Carlos Ghosn without fully disclosing his compensation. Toshiaki Ohnuma, a star witnesses for the prosecution, described to the...

Georgia court allows lawsuit against sperm bank to proceed

Sep. 29, 2020 3:59 PM EDT

ATLANTA (AP) — A couple who accused a sperm bank of misrepresenting its process for screening donors and providing incorrect medical and educational history of the donor they selected can proceed with a lawsuit against the sperm bank, Georgia's highest court ruled Monday. A Fulton County judge had...