Court OKs Lehman settlements to free up $15 billion for customers
NEW YORK - A judge on Tuesday approved a set of settlements among Lehman Brothers entities that will allow the company's defunct brokerage to pay back about $15 billion in customer claims.
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Reuters
United States: Carnegie Mellon V. Marvell: After A $1 Billion Damage Award, Marvell Loses Motion To Compel Documents For Its Laches Defense Because It Waited Too Long To File And The Court Would Not Entertain Such "Wild Goose Chases" At This Late Jun
Carnegie Mellon University filed a patent infringement action against Marvell asserting that Marvell had infringed two of its patents.
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Mondaq
Sahara Appeals Against Seizure of Assets
The Sahara Group has appealed against a decision by India's capital markets regulator to seize its assets for its alleged failure to comply with a Supreme Court order to repay more than $3 billion to bond holders.
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Tax-Shelter Deals Rejected by Court
A federal court disallowed two tax-shelter transactions conducted by Dow Chemical Co. that created about $1 billion in improper deductions.
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Court Reverses Exxon Damages
Exxon Mobil has won a legal victory in its effort to fight damages of about $1.5 billion stemming from a 2006 gasoline spill in Maryland.
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