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Warren Buffett Purchases Aerospace Firm for $37 Billion

Warren Buffett Purchases Aerospace Firm for $37 Billion Summary: Berkshire Hathaway will acquire Precision Castparts for $37.2 billion. According to USA Today, Warren Buffett’s company, Berkshire Hathaway, has agreed to acquire Precision Castparts, an aerospace supplier, for $37.2 billion, including the assumption of debt. Berkshire will pay $235…>read more

No Comment August 10, 2015

ATM Fee Case Revived Against Visa, MasterCard

ATM Fee Case Revived Against Visa, MasterCard Summary: A case that was previously dismissed against Visa and MasterCard has been revived. The complaint alleges that the companies conspired to keep ATM fees high. On Tuesday, a federal appeals court in Washington revived antitrust cases that alleges Visa…>read more

No Comment August 5, 2015

Whirlpool Files Malpractice Claim against Lawyer

Whirlpool Files Malpractice Claim against Lawyer Summary: Whirlpool has alleged that, due to bad advice from an attorney, it now faces significant fines and penalties. A partner in Drinker Biddle & Reath’s Chicago office is facing malpractice claims from Whirlpool, the Cook County Record reports. The appliance…>read more

1 Comment July 31, 2015

Judge Rules in Favor of Amazon in Patent Case

Judge Rules in Favor of Amazon in Patent Case Summary: A federal judge has ruled that patents that Amazon challenged cannot stand because they seek to patent ideas. U.S. District Judge Barbara Rothstein ruled on Wednesday that online ecommerce patents that Amazon Inc. challenged as indefinite functional claiming were…>read more

No Comment July 27, 2015

JP Morgan Settles Mortgage Securities Case for $388 Million

JP Morgan Settles Mortgage Securities Case for $388 Million Summary: As a result of allegations made against it for wrongs committed during the 2008 financial crisis, JPMorgan must pay $388 million in a court settlement. According to Business Insider, JP Morgan Chase & Co has agreed to pay a…>read more

No Comment July 20, 2015

Wal-Mart Faces First Class Action for Equal Employment Benefits

Wal-Mart Faces First Class Action for Equal Employment Benefits Summary: In the wake of the recent Supreme Court decision on same-sex marriages, a suit has been filed against Wal-Mart based upon its former refusal to provide health insurance benefits to same-sex couples. Wal-Mart Stores Inc. will have to deal…>read more

No Comment July 15, 2015

U.S. Law Firm Maintains It Acted Properly in NAMA Dispute

U.S. Law Firm Maintains It Acted Properly in NAMA Dispute Summary: Brown Rudnick, a U.S. law firm, has argued that it acted properly throughout a major NAMA transaction in 2014. According to the Irish Times, Brown Rudnick, a U.S. law firm, played a pivotal role in the controversy over the…>read more

No Comment July 13, 2015

AT&T Fined $100 Million for Misleading Consumers

AT&T Fined $100 Million for Misleading Consumers Summary: AT&T must pay $100 million for misleading its customers about their data plans. AT&T will face a hefty $100 million in fines for misleading its customers about their unlimited mobile data plans, according to FCC.gov. The Federal Communications Commission…>read more

No Comment July 8, 2015

Beck’s Beer Loses False Advertising Suit, Beer Actually Brewed in the U.S.

Beck’s Beer Loses False Advertising Suit, Beer Actually Brewed in the U.S. Summary: Anheuser-Busch must pay up for allegedly leading its consumers to believe that Beck’s beer was brewed in Germany, when it was actually brewed in the United States. Law.com reports that a group of South Florida law firms have won an…>read more

No Comment July 1, 2015

General Electric to Sell Most of Its Fleet-Financing Business

General Electric to Sell Most of Its Fleet-Financing Business Summary: General Electric will sell a majority of its fleet-financing business to a Canadian company called Element. According to the New York Times, General Electric has announced that it has agreed to sell its fleet-financing businesses in Australia, Mexico, New…>read more

No Comment June 29, 2015

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