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A bad couple of weeks for the Alabama lender got worse Wednesday, when Bank of America accused Colonial of failing to pass on more than $1 billion in cash and assets to a commercial paper vehicle for which Colonial is the custodian. Acting for noteholders of the commercial paper business, BofA is demanding Colonial cough up the $1 billion.
Usually private plaintiffs have reason to celebrate DOJ results in parallel antitrust litigation. But what happens when the government decides not to pursue some of the claims made by those private plaintiffs?
Stakes Are High for State's Judicial Election Process
Oral argument will be held tomorrow at the U.S. Supreme Court in the case that has had New York's political and legal establishments on tenterhooks for nearly two years. Handling the lion's share of the argument for the defenders of the status quo will be Theodore B. Olson, while arguing for the system's challengers will be Frederick A.O. Schwarz Jr.Amazon is free to take a bite out of Apple's trademark for "app store" after the Silicon Valley company decided fighting over the phrase perhaps wasn't worth the squeeze.
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