New York state and city authorities took United Parcel Service Inc (UPS.N) to trial on Monday, urging a federal judge to make the company pay more than $872 million for making illegal deliveries of more than 683,000 cartons of untaxed cigarettes. The non-jury trial before a federal judge in Manhattan came in a lawsuit by...
The Obama administration said Monday it was considering seeking the power to review and approve technology for self-driving cars before they hit the road and said U.S. states should not set separate rules. The U.S. Transportation Department, in its most comprehensive statement yet on autonomous vehicles, also issued voluntary guidelines and urged automakers to certify...
Switzerland’s highest court has ruled a request from the Netherlands for information on Dutch account holders at Swiss banks is valid, overturning a lower court’s decision to block the order. Swiss banks have paid billions of dollars in fines in recent years as global prosecutors, led by the United States, chipped away at the secrecy...
The EU is proposing strict new copyright rules aimed at making it easier for musicians, TV makers and publishers to make money out of their work online. Google could be especially hard hit by the rules, which could force both YouTubeand Google News to pay out more for hosting content or showing parts of it. Many...
US-bred law firms have kicked off the key post-summer season with a rash of hires, with Morgan Lewis & Bockius hiring a team from Dentons to launch in a key Chinese market as Latham & Watkins recruits yet another Magic Circle partner in Europe. Dentons’ former Asia managing partner Mitch Dudek, along with partners Todd...
Google did not pay to use Oracle’s software in millions of smartphones, but the company believed that the intellectual property was free for anyone to use, Larry Page, chief executive of Google’s parent company, told jurors in court on Thursday. In a retrial at San Francisco federal court, Oracle Corp. has claimed Google’s Android smartphone operating...
New Rules Provide Investors With More Investment Choices FOR IMMEDIATE RELEASE 2015-49 Washington D.C., March 25, 2015 —The Securities and Exchange Commission today adopted final rules to facilitate smaller companies’ access to capital. The new rules provide investors with more investment choices. The new rules update and expand Regulation A, an existing exemption from registration for...
It’s natural to fear that your idea might be stolen. But you can’t turn your vision into reality without the help of others. Sooner or later, you’re going to want to ask an industry expert to evaluate your product or service. You’re going to need to collaborate with a manufacturer or distributor. But patents cost thousands of dollars and take years...
Uber has launched legal action against new rules in London such as written English tests for its drivers, in the latest battle between regulators and the car ride app which has faced bans and protests worldwide. Following months of demonstrations from drivers of the capital’s famous black cabs, public body Transport for London (TfL) launched a...
An Italian prosecutor has proposed that Morgan Stanley pay 2.9 billion euros to settle derivative transactions, the bank said on Wednesday in a securities filing. The proposed claim argues that at least some of the derivative transactions were “improper,” as was their termination, Morgan Stanley said in a 10-Q filing with the U.S. Securities and...
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