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Court Endorses the Business-Judgment Rule
In In re PSE&G Shareholder Litigation, the New Jersey Supreme Court sent a clear message that in cases of alleged breaches of the duty of care, boards of directors can expect the judiciary to respect their good faith business decisions, including those made about litigation on behalf of the corporation.A&M to Pay Millions for Texas Wesleyan School of Law
Texas Wesleyan School of Law and Texas A&M University today are announcing they signed a letter of intent for A&M University to assume ownership and operations of Texas Wesleyan's law school. Texas Wesleyan would remain the owner of the land and facilities and would rent them to A&M. A&M System Chancellor John Sharp says A&M has always wanted a law school because it "rounds out" the A&M System's professional schools.Goldman Sachs to sell Litton to Ocwen for $264 million cash
Goldman Sachs Group Inc. agreed to sell Litton Loan Servicing LP to Ocwen Financial Corp. for $263.7 million in cash, ending the New York-based bank's 3-1/2 year experiment in processing home-loan payments.At the urging of Nintendo and its lawyers at Orrick, Herrington & Sutcliffe, the Federal Circuit issued a mandamus order telling a federal court judge in Texas to transfer a patent infringement case over the Wii video game system out of the state. It's the fourth time in the past year the court has issued such an order to a judge in the Eastern District of Texas.
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JWJ Industries Inc. v. Oswego County
County's Solid Waste 'Flow Control Law' Unconstitutionally Vague as Written, AppliedL.A. Firms Brace for Rough '09
Larger Los Angeles firms took a hit last year in the Wall Street meltdown, 2008 results show, but firms are taking steps against a worse year in '09.Guantanamo detainees deny they planned to fight US
WASHINGTON AP - Seven years after their capture, six Algerian men denied Thursday they planned to fight with al-Qaida and asked to be released from prison in the first case of suspected terrorists challenging their detention at Guantanamo Bay.The men, who were arrested in Bosnia in the weeks after the Sept. 11 attacks, are being held without charges as enemy combatants at the U.Trending Stories
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