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Author Archives: Sophia Pearson

S&P accuses U.S. of withholding documents

The U.S. is withholding documents that might show the government sued Standard & Poor’s in retaliation for downgrading the country’s debt, the ratings company said, asking a court to compel the records’ production.

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SAC’s Martoma seeks lenient prison term for insider trading

Former SAC Capital Advisors fund manager Mathew Martoma is seeking a lenient prison term for his insider-trading conviction, saying the narrow scope of his unlawful trades warrants a lighter penalty when he is sentenced next month.

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Apple, Google agree to $324.5 million antitrust deal

Apple Inc., Google Inc., Intel Corp. and Adobe Systems Inc. agreed to pay $324.5 million to settle an employee antitrust lawsuit over claims they conspired to suppress salaries by not recruiting one another’s workers.

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Ex-SAC fund manager asks judge to toss conviction

Former SAC Capital Advisors LP fund manager Mathew Martoma asked a judge to throw out his conviction in the most lucrative insider-trading scheme ever, saying prosecutors failed to make a case against him.

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Lobbyists win revival of suit on advisory board posts

Federal lobbyists won revival of a lawsuit arguing that an Obama administration rule barring them from serving on U.S. advisory panels violates their free-speech rights.

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NFL concussion pact blocked by judge

The National Football League’s $914 million settlement of claims tied to player concussions was denied preliminary approval by a federal judge who said she is concerned that not all players will be paid.

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Judge: Paternos can’t fight NCAA fine without school

Joe Paterno’s family lost a partial ruling in its lawsuit over penalties levied against Pennsylvania State University’s football program after the Jerry Sandusky sex-abuse scandal.

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Ex-Penn State officials can’t quiz school lawyer on Sandusky

Ex-Pennsylvania State University President Graham Spanier and two other school officials charged with conspiring to cover up the Jerry Sandusky sex abuse scandal can’t question a former university lawyer, a judge ruled.

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