45 Minutes of Software Glitch: Knights Capital Group Loses $440 Million
Just in two days, the shares of Knights Capital Group plunged by 80 percent as it suffered a $440-million trading…
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Appeals Court Allows Video-sharing Site Link to Copyrighted Porn Videos
On Thursday, the 7th U.S. Circuit Court of Appeals reversed a lower court decision by U.S. District Judge John Grady…
San Bernardino Files for Bankruptcy with Over $1 Billion in Debt
On Wednesday, San Bernardino became the third California city to seek protection from creditors citing over $1 billion in debts.…
Layoffs for Legal Staff Begin at Fish & Richardson
On Thursday, Fish & Richardson said that it was laying off 14 staff members. In a publicly issued statement, the…
Tougher Rules Proposed by FTC for Protecting Online Privacy of Children
On Wednesday, a revised rule was proposed to protect the online privacy of children including safeguards on mobile devices, websites,…
Most Convicts in New York Will Have to Submit Samples for DNA Database
New York’s new DNA database law that requires anyone convicted of a felony or misdemeanor under the state’s Penal Law…
Judge, Former Graduate of Brooklyn Law, Refuses to Recuse himself from Case against Brooklyn Law School
On Wednesday, during a hearing in the Kings County Supreme Court against the Brooklyn Law School by alumni who said…
Covington & Burling Sued for ‘Switching Sides’
3M Co. is suing Covington for switching sides and helping a suit against 3M for damage against environment. The former…
ACLU Seeks Details on License Plate Data Collection by Police
The American Civil Liberties Union has raised privacy concerns over automatic license plate data collections by police agencies across the…
Opponents of Gay Marriage Seek Upholding of California Ban
On Tuesday, opponents of gay marriages asked the U.S. Supreme Court to uphold a California ban on same-sex matrimony struck…
Goldman Agrees to $26.6 Million Settlement with Misled Investors
In the case of Public Employees’ Retirement System of Mississippi v. Goldman Sachs Group Inc at the U.S. District Court,…
Dewey Manages Two Extra Weeks for Bankruptcy Funding
On Tuesday, Bankruptcy Judge Martin Glenn approved a court filing of Dewey requesting an extension of its funding deadline, which…