Legal

A federal jury found Thursday that Samsung Electronic (OTC: SSNLF) must pay Apple Inc. (NASDAQ: AAPL) $539 million in damages for infringing on iPhone-related patents. What Happened The charge increases the amount Samsung had previously been ordered to pay by $140 million. Apple’s legal...

LongFin Corp (OTC: LFIN) shares were back moving Thursday after the stock resumed trading on the OTC market following a Nasdaq trading halt implemented on April 6. The halt was related to an ongoing SEC investigation charging the company of fraudulent stock sales, but the stock has resumed trading...

The U.K's Crown Court dismissed all the charges brought by the Serious Fraud Office (SFO) against Barclays PLC (NYSE: BCS), relating to its series of fund raisings from Qatar Holding LLC in 2008. Details of the Fund Raising Back in 2008, during the peak of the financial crisis, Barclays...

Activist investor Carl Icahn owns a 9.4-percent stake in AmTrust Financial Services Inc (NASDAQ: AFSI) and is continuing his activist campaign against the casualty insurance company. What Happened Icahn, one of AmTrust Financial's biggest shareholders, argued in an open letter to the company...

Skechers USA Inc (NYSE: SKX) has accused German footwear maker adidas AG (ADR) (OTC: ADDYY) of blocking Skechers' entry into the basketball shoe market in a lawsuit filed in U.S. District Court.  The lawsuit, filed May 9, came one day before a U.S. Appeals Court decision...

Sports betting is legal in the United States. The Supreme Court’s landmark decision to overturn PAPSA, a law in place since 1992, has far-reaching implications for professional sports and creates the potential for legalized and regulated online gambling. "The legalization of sports...

CBS Corporation (NYSE: CBS)'s move to file a lawsuit against its own parent company, National Amusements, has one of two outcomes -- both of which are a potential negative for the stock, according to KeyBanc. The Analyst KeyBanc Capital Markets' Andy Hargreaves maintains a Sector Weight...

The U.S. Supreme Court struck down the Professional and Amateur Sports Protection Act (PASPA), which made it illegal for states outside of Nevada to offer sports wagering. Not surprisingly, the news sparked casino stocks higher. The VanEck Vectors Gaming ETF (NYSE: BJK), the only exchange traded...

A Tesla Inc (NASDAQ: TSLA) spokesperson confirmed a Wall Street Journal report that the company is reorganizing and shrinking its management structure to improve efficiency. CEO Elon Musk circulated a memo to employees early Monday morning reiterating a strategy previously expressed during the...

The Supreme Court ruled 7-2 Monday to overturn the federal Professional and Amateur Sports Protection Act, which banned sports betting, and allow states outside Nevada to participate in the otherwise underground market. Why It’s Important The decision could open a $6.03-billion market in...

CBS Corporation (NYSE: CBS) filed a lawsuit Monday to prevent a merger with Viacom, Inc. (NASDAQ: VIAB) and strip the proposal’s strongest advocate of significant voting power. The lawsuit accuses Shari Redstone, president of majority shareholder National Amusements and vice chair of...

ConocoPhillips (NYSE: COP) is trying to gain control of Venezuela's key offshore operations in the Caribbean in order to recover $2 billion from a decade-old row with the nation, per the sources. ConocoPhillips has requested a court in the Dutch Antilles for control of facilities run by...

Hip hop icon and fashion mogul Jay Z may have a less-than-friendly date with the U.S. Securities and Exchange Commission sometime soon, Bloomberg reported. What Happened Jay-Z may landed in hot water with the SEC after he failed to testify as part of an ongoing investigation into alleged...

The Goldman Sachs Group (NYSE: GS) has reached a settlement with two U.S. authorities to settle claims that its traders wrongfully shared information regarding orders of its customers, with motives of taking advantage of the market. Goldman would be paying $54.7 million each to the New York...

The U.S. Department of Justice said Monday it wants the AT&T Inc. (NYSE: T)-Time Warner Inc (NYSE: TWX) deal blocked outright but, if unsuccessful in its appeal, also supports alternative remedies addressing antitrust concerns. Officials used their closing arguments in the trial to urge the...