Legal News

The PM Roundup: Carlyle Settles With Cuomo, More

By Ashby Jones

As dusk settles over lower Manhattan (or should we say — as the clouds darken), here’s what’s what on the day’s legal news:

Carlyle Settles with Cuomo: New York Attorney General Andrew Cuomo (pictured) said Thursday that he has reached an agreement in which private-equity firm Carlyle Group will pay $20 million to resolve its involvement in a “pay-to-play” probe involving the state’s largest pension fund. WSJ; NYT

Bloomberg Testifies in Discrimination Case: The federal government began deposing Mayor Michael Bloomberg on Thursday morning in connection with a discrimination lawsuit against the financial services and media giant he founded. NYT.

FTC Drops Rambus Suit: The Federal Trade Commission dropped the rest of its antitrust case against Rambus Inc. in light of a recent agency loss before the U.S. Supreme Court, ending the possibility of further litigation in the matter. The commission’s move ends a seven-year battle with Rambus, a developer of memory chips. [End of post]

Full post as published by Law Blog - WSJ.com on May 14, 2009 (boomark / email).