Capital One-Discover Deal Hits Roadblock in Bank Merger Overhaul
New federal guidelines calling for stricter reviews of bank deals are likely to present fresh hurdles for Capital One Financial Corp.'s pending $35 billion acquisition of Discover Financial Services.. The tie-up, announced in February, would create the sixth-largest bank by assets and the largest credit card issuer in the US based on outstanding loans.
Musk $56 Billion Pay Case Final Ruling Expected by End of Year
Nov 1, 2024 · A final ruling in the landmark litigation challenging Elon Musk’s $56 billion pay package, which a judge voided in January, will come by the end of the year, according to a filing by the judge.. Delaware Chancellor Kathaleen St. J. McCormick acknowledged in a letter to both sides late Thursday that a decision on the case’s remaining issues …
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Texas Judge Tosses Biden Overtime Expansion for Millions (2)
Nov 15, 2024 · A Texas federal judge has struck down a US Department of Labor rule that would have expanded overtime eligibility to four million new workers, kneecapping one of the Biden administration’s most substantial labor policies.
Covid-19 Vaccine Injury Program Hit With Federal Lawsuit
Oct 12, 2023 · Individuals who say they were injured by Covid-19 vaccines are suing the Biden administration over a payout process that shields drug companies from lawsuits, saying it’s unconstitutional and deprives them of their right to a jury trial.
Overtime Rule’s Demise Has Employers Mulling Pay Raise Reversals
Nov 20, 2024 · Businesses that took steps earlier this summer to comply with the Biden administration’s now-vacated overtime rule are left with a difficult choice: either cancel raises issued to keep employees overtime exempt or absorb the costs.
Big Law Hedges Associate Bonuses to Protect Partner Profits
Nov 21, 2024 · By many accounts, the country’s leading law firms are doing very well this year. The 50 largest firms saw revenue rise by nearly 15% and net income jump by 25% through September, according a survey by Wells Fargo’s Legal Specialty Group.
Biden's Overtime Rule Faces Trouble Despite Fifth Circuit Nod
Federal courts weighing challenges to the US Labor Department’s overtime pay rule still have to decide how far the Biden administration can stretch its authority, despite the Fifth Circuit’s decision upholding an earlier version of the regulation.
UnitedHealth Faces Antitrust Probe by US Justice Department (2)
Feb 28, 2024 · The US Department of Justice has initiated an antitrust investigation into UnitedHealth Group Inc., people familiar with the matter said Tuesday.. The probe opens a new layer of scrutiny on the largest US health insurer that operates in pharmacy benefits, medical care, technology and other services.
Wells Fargo Prevails in $500 Million Investors' Suit Appeal (1)
Oct 21, 2024 · Wells Fargo Securities LLC defeated an appeal Monday by investors seeking to revive their lawsuit blaming the financial services firm for at least $500 million in loses from a 2018 portfolio liquidation.