David's Feed
Jul 16, 2014

U.S. court revives BP retirement-plan lawsuit

By David Ingram

(Reuters) – A U.S. appeals court on Tuesday revived a lawsuit in which participants in four BP Plc employee retirement savings plans claimed they were deceived into buying and holding BP stock before and after the 2010 Deepwater Horizon disaster.

The 5th U.S. Circuit Court of Appeals in New Orleans said that a ruling last month from the U.S. Supreme Court upended the reasoning applied by a lower court that had dismissed the class action suit two years ago.

Jul 7, 2014

U.S. commission plans to look at size of price-fixing fines

WASHINGTON (Reuters) – A U.S. government body that sets the recommended ranges for criminal fines and prison sentences is kicking off a process that could result in bigger fines for corporations that conspire to fix prices in violation of antitrust laws.

The U.S. Sentencing Commission, made up mostly of judges, said in a notice last month that it had identified price-fixing fines as a tentative priority area for study. The notice, which received little attention, was published June 2 in the Federal Register, a journal of U.S. government proceedings.

Jun 25, 2014

Nebraska lawyer aims to be trust-busting U.S. senator

By David Ingram

(Reuters) – A Nebraska lawyer is trying to breathe life into an old-fashioned antitrust movement with a campaign for the U.S. Senate based partly on breaking apart the country’s biggest banks and blocking consolidation among meatpackers.

In a throwback to an era when some politicians won by railing against big companies for strangling competition, Dave Domina secured the Democratic nomination in May and faces Republican Ben Sasse in the Nov. 4 election.

Jun 25, 2014

Boehner readies House lawsuit over Obama executive orders

WASHINGTON (Reuters) – Republican House of Representatives Speaker John Boehner said on Wednesday he plans to sue President Barack Obama, accusing him of abusing his authority by going around Congress to implement his policy agenda.

The suit, to be filed by the House of Representatives later this summer, takes issue with executive actions Obama has taken on issues ranging from healthcare to energy to foreign policy, Boehner said. But he declined to be specific about which administration actions he would challenge.

Jun 20, 2014

Benghazi suspect faces U.S. criminal, not military, court

NEW YORK/WASHINGTON (Reuters) – A suspected leader of the attack on the U.S. compound in Benghazi, Libya, captured by U.S. forces and spirited out of the country, can expect to move quickly through the initial steps of the criminal justice system within hours of arriving on American soil.

Seized in a raid last Sunday, Libyan militant Ahmed Abu Khatallah is the suspected leader of a group implicated in the 2012 attack on a U.S. diplomatic compound and CIA base in Benghazi.

Jun 20, 2014

U.S. appeals court revives players’ suit against NFL

NEW YORK (Reuters) – A U.S. appeals court on Friday revived a lawsuit by the NFL Players’ Association accusing the National Football League of unlawfully colluding to cap salaries in 2010.

In a unanimous ruling, a three-judge panel from a federal appeals court based in St. Louis said the association could move forward with the lawsuit in a lower federal court.

Jun 6, 2014

GM spares its top lawyer but not those below him

NEW YORK, June 5 (Reuters) – Lawyers at General Motors Co
came under withering criticism in an internal company
report on Thursday and at least two of them were fired, but the
company’s general counsel, a key adviser to CEO Mary Barra, was
expressly asked by the board to keep his post.

The report by GM’s outside counsel found that while in-house
company lawyers were warned in meetings and documents about an
ignition-switch defect that has since been tied to 13 deaths,
they ignored or did not understand the warnings and never raised
them with their boss, General Counsel Michael Millikin.

Jun 5, 2014

Firings at GM spare its top lawyer

NEW YORK/DETROIT (Reuters) – The top lawyer at General Motors Co (GM.N: Quote, Profile, Research, Stock Buzz) has survived the automaker’s struggles over an ignition-switch defect, as a rash of firings announced on Thursday touched the corporate legal department he oversees.

Michael Millikin, GM’s general counsel since 2009 and a key counselor to Chief Executive Mary Barra, was still on the job, Barra said in response to a reporter’s question at an event in Warren, Michigan.

May 24, 2014

Takeover shores up U.S. lobbying giant Patton Boggs

May 23 (Reuters) – Troubled U.S. lobbying giant Patton Boggs
avoided a financial cliff on Friday when a larger law firm
agreed to acquire many of its partners and its name, which for
decades was synonymous with influence in Washington, D.C.

The acquisition of Patton Boggs by Squire Sanders, a firm
with roots in Ohio, followed furious talks that a day earlier
appeared on the verge of collapse.

May 23, 2014

Law firms Squire Sanders, Patton Boggs agree to merge

By Casey Sullivan and David Ingram

(Reuters) – The law firms Squire Sanders and Patton Boggs said on Friday they had agreed to combine, striking a deal that is expected to save Patton Boggs from growing financial strain.

In a news release, the two firms said they would begin operating under the name Squire Patton Boggs effective June 1.