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...
Two senior insurance underwriters with Zurich Financial Services, the third-largest commercial insurer in the US, pleaded guilty Tuesday night to charges connected to NY Attorney General Eliot Spitzer's ongoing insurance bid-rigging investigation. Also Tuesday, Zurich reported receiving a subpoena...
American Express announced Monday that it is suing fellow credit card giants Visa and MasterCard, along with eight banks, alleging anticompetitive practices which prevented American Express from issuing credit cards through US banks. American Express said that it would...
Software developer Novell announced Friday that it has filed a new antitrust lawsuit against Microsoft in a Utah District Court. Read the Novell press release. Novell seeks an unspecified amount of damages for Microsoft's efforts to dominate the 1994-96...
Corporations & securities brief ~ NASD charges H&R Block with fraud over Enron bonds
In Monday's corporations and securities law news, securities regulator National Association of Securities Dealers (NASD) has announced that it has brought charges against H&R Block Inc. for fraudulently promoting Enron Corp. bonds to customers just weeks before the energy...
Eight eBay sellers to pay restitution, fines for phony bidding
New York Attorney General Eliot Spitzer Monday announced the resolution of three cases that involved posting false bids to drive up the price of auctions on internet marketplace EBay. Over 120 people will receive restitution payments for their purchases...
Novell Inc. announced Monday that it has agreed to a settlement with Microsoft Corp. over antitrust issues. The dispute involved Novell's NetWare, an operating system with which Novell had hoped to compete with Microsoft's Windows. The two companies agreed...
Report of the Department of Justice's Task Force on Intellectual Property, October 12, 2004 . An accompany DOJ press release notes that in addition to recommendations regarding civil...
Empagran v. F.Hoffman LaRoche, United States Court of Appeals for the District of Columbia Circuit, January 17, 2003 [ruling that foreign plaintiffs have standing to sue under federal antitrust laws for harm caused to them abroad as a result of...
