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Sources Say PSU Settlements Will Top $30 Million
The Penn State board of trustees has approved a figure in excess of $30 million to settle the claims of a number of plaintiffs claiming convicted serial child molester Jerry Sandusky sexually abused them, according to sources familiar with the negotiations.Identifiable Informant Can Support a Police Car Stop
Information a named informant supplied to police about a potential drunken driver was enough to warrant a police officer's vehicle stop, even though the officer did not witness any suspicious activity, a split en banc Superior Court has ruled.FTC Approves Oil Industry Mega-Merger
Phillips Petroleum Corp. closed Monday on its $9.3 billion acquisition of Tosco Corp. after the Federal Trade Commission said it would not challenge the oil industry merger on antitrust grounds. This is the first of the recent "Big Oil" deals where the companies did not have to sell significant assets to secure regulatory approval.Nearly 50 amicus briefs have piled up arguing for and against corporate liability for overseas human rights violations, as Quinn Emanuel's Kathleen Sullivan prepares to argue for Royal Dutch Shell in the first case of the new U.S. Supreme Court term.
Cleary Leads Lobbying on Cross-Border Swaps Rules
After months of "long and sometimes difficult" negotiations, the U.S. Commodity Futures Trading Commission and the European Commission on July 11 announced a framework for cross-border regulation of swaps market.Act Would Create Higher Hurdles for Oil Mergers
Sen. Herb Kohl, D-Wis., the chairman of the Senate Antitrust Subcommittee, introduced legislation on Wednesday that would make it harder for gasoline mergers to win antitrust approval. The Oil Industry Merger Antitrust Enforcement Act would change the current review process by demanding proof from merging parties that their transaction will not harm competition and allow the Federal Trade Commission and Justice Department to block proposed mergers that do.'Cautious optimism' that hotel rates will rise
South Florida hotel room rates could increase this year from last year's levels despite fears within the hospitality industry that the oil spill will seep into the Atlantic Ocean.Lawyers Say Sandusky Cases Beginning to Settle With PSU
A 25-year-old has settled with Penn State for an undisclosed amount for the sexual abuse he experienced at the age of 13 by convicted serial child molester Jerry Sandusky in a shower, according to the plaintiff's lawyer, Tom Kline of Kline & Specter.A recent order by the Federal Circuit involving Jack LaLanne Power Juicers stops a cottage industry of false marking cases.
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