|
|
|
Court: Star Chinese investor pleads guilty in stock case
Topics |
2016/12/06 10:59
|
A Chinese court says a star securities trader who was arrested following last year's stock market collapse has pleaded guilty to insider trading and manipulating share prices.
The court in the eastern city of Qingdao said in a statement Tuesday that Xu Xiang and two co-defendants pleaded guilty at the start of a trial but no verdict had been issued.
Xu was arrested in November after a rapid rise in Chinese share prices collapsed. Top executives of China's biggest state-owned securities firm also were arrested in a separate case.
The court statement said Xu and his co-defendants were accused of conspiring with executives of 13 companies from 2010 to 2015 to inflate their share price and then sell.
|
|
|
|
|
|
|
US Supreme Court could hear Charleston company, Lexmark case
Topics |
2016/12/02 11:01
|
A small Charleston company that refills and resells empty toner cartridges could soon be defending itself before the U.S. Supreme Court in a dispute that could affect huge tech companies and pharmaceutical firms.
Lexmark, a Lexington, Kentucky-based printing corporation, sued Impression Products, accusing the company of patent infringement for selling its cartridges, The Charleston Gazette-Mail reported.
At issue is what is known as the first-sale doctrine, a principle limiting a patent holder's rights after a product has been sold once.
Impression Products argued Lexmark's patents on its cartridges are no longer effective after the cartridges are sold, allowing the smaller company to sell them freely. Lexmark cartridges can cost up to hundreds of dollars, and Impression Products sells used ones at a lower price.
In February, a federal court sided with Lexmark, saying the corporation's patent rights weren't exhausted, regardless of whether the cartridges were being purchased from U.S. or foreign suppliers — Impression Products has purchased toner cartridges from Canadian suppliers in the past.
Last month, the federal government recommended the Supreme Court review the case.
Impression Products President Eric Smith explained that while this doesn't guarantee that the justices will review the case, it sharply increases the probability of it happening.
The implications of the case go beyond ink cartridges, as Samsung and Google have backed Impression Products' argument. The tech giants operate foreign supply chains that would have to jump through additional hoops if the first-sale doctrine did not apply for foreign purchases. Pharmaceutical companies such as Pfizer have supported Lexmark, with a Lexmark victory likely giving their own patents greater protection.
|
|
|
|
|
|
|
Election judge pleads not guilty in absentee ballot case
Topics |
2016/11/21 10:43
|
An 88-year-old election judge from southern Illinois has pleaded not guilty after allegedly sending in an absentee ballot in her late husband's name.
The (Belleville) News-Democrat reports that Audrey Cook appeared Thursday in Madison County Circuit Court.
Cook, of Alton, told The Associated Press this month that she filled out the ballot for her husband after he died in September because she knew he would want Donald Trump to be president.
She was charged a few days before the Nov. 8 election with two felony counts of election fraud.
Madison County State's Attorney Tom Gibbons has said the ballot was never even opened because a clerk found it had been submitted in the name of a deceased person.
Gibbons also said Cook would be removed as an election judge. |
|
|
|
|
|
|
UK court brings Brexit plans screeching to halt
Topics |
2016/11/04 15:54
|
Britain's High Court brought government plans for leaving the European Union screeching to a halt Thursday, ruling that the prime minister can't trigger the U.K.'s exit from the bloc without parliamentary approval.
The government said it would go to the Supreme Court to challenge the ruling, which if upheld could prevent it starting exit talks by March 31 as planned.
The pound, which has lost about a fifth of its value since the June 23 decision to leave the EU, shot back up on the verdict, rising 1.1 percent to $1.2430.
Britons voted by a margin of 52 to 48 percent to exit the EU, a process known as "Brexit." Prime Minister Theresa May has said she will invoke Article 50 of the EU treaty, launching two years of exit negotiations, by the end of March.
Several claimants, including a hairdresser and a financial entrepreneur, challenged May's right to trigger Brexit, in a case with major constitutional implications that hinges on the balance of power between Parliament and the government. They argued that leaving the EU will remove rights, including free movement within the bloc, and that can't be done without Parliament's approval.
Three senior judges agreed, ruling that "the government does not have the power under the Crown's prerogative to give notice pursuant to Article 50 for the U.K. to withdraw from the European Union."
The judges backed the claimants' argument that "the Crown could not change domestic law and nullify rights under the law unless Parliament had conferred upon the Crown authority to do so."
The British government immediately said it would appeal the judgment. It said in a statement that Britons voted to leave the bloc in a referendum approved by an Act of Parliament, "and the government is determined to respect the result of the referendum."
The Supreme Court has set aside time to hear the appeal before the end of the year. The case is considered the most important constitutional matter in a generation. |
|
|
|
|
|
|
Court hearing on potential Ontario ban of Indians name, logo
Topics |
2016/10/16 20:29
|
A Toronto court will hear arguments on an attempt to bar the Cleveland Indians from using their team name and logo in Ontario.
The legal challenge by indigenous activist Douglas Cardinal comes on the same day the baseball team takes on the Toronto Blue Jays in Game 3 of the American League Championship Series in Toronto.
Cardinal's lawyers will ask the court Monday to bar the usage of the name and logo by the team, Major League Baseball and Toronto team owner Rogers Communications, which is broadcasting the game in Canada.
The logo, called Chief Wahoo, is a cartoon man with red skin and a feather in his headband.
Cardinal says they shouldn't be allowed to wear their regular jerseys, the logo shouldn't be broadcast and the team should be referred to as "the Cleveland team."
|
|
|
|
|
|
|
Supreme Court in holding pattern, awaiting ninth justice
Topics |
2016/10/01 12:41
|
The Supreme Court is set to begin its new term as it ended the last one — down one justice and ideologically deadlocked on a range of issues.
The absence of a ninth justice since Antonin Scalia's death in February has hamstrung the court in several cases. It's forced the justices to look for less contentious issues on which they're less likely to divide by 4-4.
It could be several months, at least, before the nation's highest court is again operating at full strength.
How the presidential election turns out will go a long way toward determining the judicial outlook of the ninth justice, the direction of the court and the outcome of several cases already being heard and others that probably will be at the court soon.
A rush hour commuter train crashed through a barrier at the busy Hoboken station and lurched across the waiting area Thursday morning, killing one person and injuring more than 100 others in a grisly wreck that renewed questions about whether long-delayed automated safety technology could have prevented tragedy.
People pulled chunks of concrete off pinned and bleeding victims, passengers kicked out windows and crawled to safety and cries and screams could be heard in the wreckage as emergency workers rushed to reach the injured in the tangle of twisted metal and dangling wires just across the Hudson River from New York City.
The New Jersey Transit train ran off the end of the track as it was pulling in around 8:45 a.m., smashing through a concrete-and-steel bumper. As it ground to a halt in the waiting area, it knocked out pillars, collapsing a section of the roof.
|
|
|
|
|
|
Legal News RSS Feed
