Legal News

The Morning Wrap

By Jenna Greene

Skeptics: The massive class action against retail giant Wal-Mart Stores Inc. ran into stiff resistance at the U.S. Supreme Court on Tuesday, after surviving lower court challenges ever since it was launched 10 years ago, NLJ's Tony Mauro reports.

Drug Money: A chemist at the Food and Drug Administration has illegally traded on inside information in advance of at least 27 FDA announcements since 2006, reaping profits or avoiding losses of more than $3.6 million, the Washington Post reports.

International Call: The question for regulators in Washington is how AT&T?s $39 billion bid to buy T-Mobile could hurt consumers, in particular by eliminating T-Mobile?s low-cost phone plans. As they consider the deal, regulators may look abroad to see how competition affects wireless markets, according to The New York Times.

Microsoft Memoir: Bill Gates schemed to take shares in Microsoft from his co-founder during the early days of the software company following his partner's treatment for cancer, according to a new memoir by the billionaire co-founder, Paul Allen, The Wall Street Journal reports.

Under Attack: A Libyan woman who said she had been raped by pro-government militiamen is being sued for slander for naming her alleged attackers, Reuters reports.

Class Action: Sirius XM Radio Inc., the biggest U.S. satellite-radio broadcaster, must face class-action claims in a lawsuit alleging antitrust violations, a federal judge ruled, according to Bloomberg.

Full post as published by The BLT: The Blog of Legal Times on March 30, 2011 (boomark / email).