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U.S. regulators ditch net neutrality rules as legal battles loom

Customers use the internet at a Starbucks in the financial district in New York City, U.S., December 14, 2017. REUTERS/Brendan McDermid

The U.S. Federal Communications Commission voted along party lines on Thursday to repeal landmark 2015 rules aimed at ensuring a free and open internet, setting up a court fight over a move that could recast the digital landscape.  Full Article 

A Dell gaming computer is shown at the E3 2017 Electronic Entertainment Expo in Los Angeles, California, U.S. June 13, 2017. REUTERS/ Mike Blake

Court reverses Dell buyout ruling that alarmed dealmakers

Delaware's Supreme Court ruled on Thursday that a lower court erred in finding that the 2013 buyout of computer maker Dell Inc was vastly underpriced, in an opinion that will likely restrict a hedge fund strategy aimed at wringing cash from mergers.  Full Article 

Virtual currency Bitcoin tokens are seen in this illustration picture, December 8, 2017. Picture taken December 8. REUTERS/Dado Ruvic/Illustration

U.S. panel urges regulators to monitor financial innovation risks

A U.S. regulatory panel on Thursday called for watchdogs to closely monitor risks created by financial innovation, warning that "fintech" and virtual currencies such as bitcoin threaten to disrupt the traditional financial services industry.  Full Article 

Recent Legal News

Hawaii, ACLU ask U.S. top court not to allow full Trump travel ban

WASHINGTON The state of Hawaii and the American Civil Liberties Union on Tuesday urged the U.S. Supreme Court not to allow President Donald Trump's latest travel ban that would bar entry of people from six Muslim-majority countries to go into full effect after it was partially blocked by lower courts.

British actress sues Harvey Weinstein in New York alleging sex trafficking

An aspiring British actress sued Harvey Weinstein in New York federal court on Monday accusing the movie producer of sex trafficking by inviting her to a hotel room in France and sexually assaulting her.

Opioid crisis cost U.S. economy $504 billion in 2015: White House

WASHINGTON Opioid drug abuse, which has ravaged parts of the United States in recent years, cost the economy as much as $504 billion in 2015, White House economists said in a report made public on Sunday.

Trump says AT&T plan to buy Time Warner 'not a good deal'

U.S. President Donald Trump on Tuesday stood by his criticism of pay TV and wireless company AT&T's deal to buy movie and TV show maker Time Warner Inc, which the Justice Department has sued to stop. | Video

Broadcom eyes big changes for Qualcomm's patent practices

SAN FRANCISCO As part of its $103 billion bid to buy Qualcomm Inc, Broadcom Ltd has hinted that it would make big changes to Qualcomm's patent licensing business, a major cash-cow for the company but a source of bitter conflict with regulators and key customers including Apple Inc.

New Puerto Rico utility head, same old challenges

NEW YORK New leadership at Puerto Rico's beleaguered electric utility may not be sufficient to compensate for missteps following Hurricane Maria that led to delayed work, recurrent blackouts and more than $500 million in contracts with untested companies now under federal investigation.

White House asks Supreme Court to allow full travel ban

WASHINGTON The White House asked the U.S. Supreme Court on Monday to allow President Donald Trump's latest travel ban to take full effect after an appeals court in California ruled last week that only parts of it could be enacted.

U.S. judge in California blocks Trump's order on sanctuary cities

A federal court judge in California on Monday blocked an executive order from President Donald Trump to deny some federal grants to so-called sanctuary cities, undermining the administration's crackdown on illegal immigration.

U.S. patent review board becomes conservative target

NEW YORKIn August, a dozen inventors gathered around a fire pit outside the headquarters of the U.S. Patent and Trademark Office in Alexandria, Virginia, and set alight patents they said had been rendered worthless by an overreaching federal government.

Former New York state official sued over alleged sex harassment

A former New York state employee has filed a federal lawsuit alleging she was sexually harassed by a onetime political appointee of Governor Andrew Cuomo, part of a wave of such accusations leveled in recent weeks against public figures.

A general view of the U.S. Supreme Court building in Washington, U.S., November 15, 2016. REUTERS/Carlos Barria

Supreme Court to hear major case on political boundaries

The U.S. Supreme Court agreed to decide whether the U.S. Constitution limits how far lawmakers can go to redraw voting districts to favor one political party over another in a case that could have huge consequences for American elections.  Full Article 

In boon to securities plaintiffs, 6th Circuit pushes loss causation bounds

To prove they were defrauded by a corporation’s lies, shareholders suing as a class have to show they lost money when the fraud was revealed. That’s a simple enough idea: If you didn’t lose money because of the fraud, you don’t have a claim.