In the matter of Viacom, Inc., Federal Communications Commission, ruling adopted November 9, 2004 and released November 23, 2004 [adopting a consent decree under which Viacom agreed to pay $3.5 million to settle FCC allegations of indecency on its radio...
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Judge considering EU antitrust case against Microsoft calls meeting
The judge who will rule on whether to suspend an EU antitrust order against Microsoft pending its appeal has called a meeting between the parties for Thursday after two supporters of the EU case withdrew. Judge Bo Vesterdorf called...
Corporations & securities brief ~ AIG nears settlement with SEC, DOJ
In Tuesday's corporations and securities law news, American International Group Inc. (AIG) announced it has submitted a settlement offer to the SEC and reached an agreement with the Department of Justice over an investigation into the financial services company's...
Corporations & securities brief ~ Nevada Power sues investment firms over Enron conduct
In Monday's corporations and securities law news, Nevada Power Company has filed a federal lawsuit against several investment banking firms, including Citigroup, JP Morgan Securities and Barclays Bank, claiming they conspired with Enron Corp. to manipulate power markets. Nevada...
Corporations & securities brief ~ Oracle likely to win PeopleSoft takeover bid
In Friday's corporations and securities law news, Oracle will win its hostile takeover fight for PeopleSoft because it has support from a majority of PeopleSoft shareholders, according to sources close to the situation. The battle is nonetheless likely to...
The Illinois Supreme Court Thursday unanimously dismissed two lawsuits which accused gunmakers of knowingly allowing their weapons to fall into criminal hands. The two Illinois lawsuits, filed by the city of Chicago and victims of gun violence, had accused...
A partial recount of the New Hampshire presidential vote sought by independent candidate Ralph Nader is set to start Thursday. The Nader campaign filed for the recount November 5, citing the inaccuracy of optical scan vote-counting machines. The request...
Corporations & securities brief ~ Oracle, PeopleSoft fight for outstanding shares
In Tuesday's corporations and securities law news, Oracle's hostile bid for PeopleSoft Inc. has not been defeated as top shareholders in PeopleSoft are split on whether to accept the bid. Capital Guardian Trust Co. will tender its 10% stake...
Corporations & securities brief ~ PeopleSoft executives recommend rejecting Oracle bid
In Thursday's corporations and securities law news, PeopleSoft executives have unanimously recommended its shareholders reject Oracle's $8.8 billion hostile takeover bid because the offer was too low. Oracle, upon learning of the news, said it was prepared to walk...
Corporations & securities brief ~ Martha Stewart asks company to reimburse legal bills
In Wednesday's corporations and securities law news, Martha Stewart Omnimedia Inc. announced Martha Stewart has asked the company to reimburse her for $3.7 million in legal bills. Stewart, who is currently appealing her conviction for lying to investigators about...