Justices Turn Back Antitrust Suits Against Wall St. Firms
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The Supreme Court found that Wall Street investment banks could not be sued under antitrust law over losses in the crash of technology stocks seven years ago.
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The US Supreme Court Monday sent back Democratic challenges to GOP congressional redistricting in Texas to a lower court for a new hearing.
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The Supreme Court on Tuesday rejected an appeal by Enron Corp investors seeking to proceed with a $40 billion class-action lawsuit against investment banks that put together financing deals for the energy trader, which collapsed in 2001.
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The U.S. Court of Federal Claims issued a ruling in a tax refund case that the transactions under question were a tax avoidance mechanism, and not an investment strategy.
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Investors lost another round at the Supreme Court Thursday when the justices imposed a strict standard for shareholder lawsuits seeking to recover losses from companies accused of fraudulent business practices.
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The Supreme Court ruled on Tuesday that investors cannot sue third parties such as banks and accountants in cases of securities fraud.
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WASHINGTON/NEW YORK  - The Supreme Court on Monday  let stand a ruling that the Visa and MasterCard credit card  associations violated U.S. antitrust law by barring member  banks from issuing credit and charge cards on rival networks  owned by American Express Co. and Morgan Stanley.
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Courts are starting to push back  against a U.S. government crackdown on corporate fraud as  prosecutors and regulators test the limits, legal experts say.
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The Supreme Court put new limits on antitrust lawsuits, throwing out a case that accused Verizon Communications and other local-telephone companies of agreeing not to compete in each other's home territories.
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Supreme Court rules against trial attorneys' bid to sue third parties.
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The Supreme Court decision dealt a blow to investors suing companies over accusations of fraud by setting a legal standard that makes it easier to get shareholder lawsuits dismissed.
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A federal appeals court handed  Google Inc  a setback in a patent fight on Wednesday,  tossing out part of a summary judgment in the Web search  engine's favor in a lawsuit filed by HyperphRase Technologies,  LLC.
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Investors who lost money when the dot-com bubble burst suffered a Supreme Court setback yesterday, and the justices are poised to issue yet another important decision that could restrict shareholder lawsuits.
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WASHINGTON -- The Supreme Court Monday refused to consider a significant antitrust case involving Northwest Airlines and a low-cost competitor that could have set some rules for competition between large airlines and smaller, no-frills rivals.
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The Supreme Court on Tuesday limited workers' ability to sue employers for pay discrimination that results from decisions made years earlier.
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The Supreme Court loosened restrictions Monday on corporate- and union-funded television ads that air close to elections, weakening a key provision of a landmark campaign finance law.
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The US Supreme Court tightened standards for investor fraud suits against corporations, ruling Thursday that plaintiffs must show &quot;compelling&quot; evidence that executives tried to mislead shareholders.