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Updated throughout
the market day with exclusive commentary, news flashes, profiles, data and more, The Deal Journal provides you
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Auction-Rate Fraud Case Widens
Judges Stiffen Foreclosure Standards
New York Attorney General Andrew Cuomo filed civil fraud charges against UBS over the firm's handling of auction-rate securities before the $330 billion market collapsed earlier this year. (Lawsuit)
Judges Stiffen Foreclosure Standards
Judges in several states have found flaws in documents filed by mortgage firms that borrowers facing foreclosure might be able to exploit. But the extent to which the judicial process can make a difference is limited and uneven.
H-P, EDS Settle Lawsuit
Bratz Trial Hits Snag
Wrong-Way Oil Bets Slam SemGroup
British Tabloid Loses Privacy Case
Imperial Executive to Testify
FBI: Driver Didn't Help bin Laden Search
Italy to Sue Google Executives
Memo: 'Good Faith' Protects Against Torture Charge
Qualcomm Deal Could Fuel Other Pacts
Qualcomm, Nokia End Patent Fight
Bin Laden Driver Not Tied to Terror Acts
Scared Straight...by Probation
Web Spawns Hotel-Tax Suits
PROPERTY REPORT
Lender-Liability Suits Rise
Delphi Creditors Sue Appaloosa
Hewlett-Packard and Electronic Data Systems agreed to settle shareholder litigation as part of efforts to complete H-P's proposed $13.25 billion purchase of the technology services giant.
Bratz Trial Hits Snag
A judge dismissed a juror from the intellectual-property trial involving Mattel and MGA Entertainment's popular Bratz doll, apparently for making an ethnic comment about MGA's CEO. The company has asked for a mistrial.
Wrong-Way Oil Bets Slam SemGroup
Some analysts and creditors suspect SemGroup, which has lost more than $2.4 billion on energy contracts, may have been making speculative trades not directly tied to its core business given the size of its losses. Meanwhile, the SEC is conducting an inquiry into affiliate SemGroup Energy.
British Tabloid Loses Privacy Case
Motor-racing boss Max Mosley won a lawsuit against a tabloid's sex-scandal claims. The ruling is likely to have big implications for Britons' right to privacy and the media's freedom to publish.
Imperial Executive to Testify
An Imperial Sugar executive is expected to testify before a Senate subcommittee hearing that he warned the company about dangerous conditions at a Georgia refinery, which was destroyed in a blast that killed 13 people.
FBI: Driver Didn't Help bin Laden Search
Bin Laden's former driver didn't fully cooperate with efforts to find the terrorist leader, FBI agents said at a war-crimes trial, countering defense claims that the Guantanamo prisoner provided valuable assistance.
Italy to Sue Google Executives
Italian prosecutors are preparing to file charges in a 2006 case against four Google executives over a video uploaded onto the Internet provider's Italian-language site showing a disabled teen taunted by peers.
Memo: 'Good Faith' Protects Against Torture Charge
The Justice Department in 2002 told the CIA that its interrogators would be safe from prosecution for violations of antitorture laws if they believed "in good faith" that harsh techniques used to break the will of prisoners, including waterboarding, wouldn't cause "prolonged mental harm."
Qualcomm Deal Could Fuel Other Pacts
A breakthrough settlement between Nokia and Qualcomm is raising questions about whether peace could break out more broadly between Qualcomm and its opponents.
Qualcomm, Nokia End Patent Fight
Qualcomm and Nokia agreed to end their legal battles over patent licensing, a deal that could bring big benefits to both companies and affect other players in the cellphone industry.
Bin Laden Driver Not Tied to Terror Acts
Bin Laden's former driver, on trial for war crimes, isn't linked to any terrorist act, a former FBI agent testified.
Scared Straight...by Probation
An innovative Hawaiian probation program is drawing praise from several leading crime experts. The key: "flash incarceration" that sends offenders to jail for short but immediate sentences for violating virtually any probation condition.
![[Video]](http://mowser.com/img?url=http%3A%2F%2Fs.wsj.net%2Fpublic%2Fresources%2Fimages%2Fit_smvideobullet10192007123051.gif)
Web Spawns Hotel-Tax Suits
More than 200 municipalities have filed lawsuits alleging that online travel companies have pocketed hotel taxes paid by consumers that rightfully belong to city and county governments. Recently, some of the claims have gained traction.
PROPERTY REPORT
Lender-Liability Suits Rise
Lenders are triggering lawsuits from builders as they clamp down on construction financing. The disputes are turning heated as banks go after the builders' personal assets to recoup losses from soured housing developments.
Delphi Creditors Sue Appaloosa
A group of Delphi creditors filed a suit against Appaloosa Management, alleging investors led by the hedge fund "defrauded" the bankrupt auto-parts supplier.
Jul 25, 6:09 pm
We know there are some LB readers out there who decry contingency fees and would like to see them, well, reformed. If you fall into that group, you just might approve a ruling made by SDNY Judge Alvin Hellerstein (pictured) yesterday. In the In Re September 11 Litigation, Judge Hellerstein overturned settlements in four lawsuits [...]
Jul 25, 5:27 pm
It's been a nasty doll fight out there in California, and the ugliness ain't over. The Journal's Nick Casey reports that Judge Stephen Larson, now presiding over the damages phase of the Barbie-Bratz suit, dismissed a juror today for making ethnic slurs about MGA's CEO Isaac Larian, a Jewish immigrant from Iran who has testified [...]
Jul 25, 3:57 pm
Last week, when we spoke to food-borne illness guru Bill Marler, he told us the following about the salmonella saintpaul outbreak: his new red VW Bug is not subliminal advertising for tomato lawsuits. On a more substantive point, Marler said that produce-related litigation would be tough, primarily because it'd be hard to pin down [...]
Jul 25, 12:44 pm
By now, those of you who read the New Yorker with the same voraciousness that we read it with have probably seen David Samuels's article, “Dr. Kush,” a first-person journey through California's medical marijuana industry. The piece is packed with some, um, helpful information, such as the difference between the two main U.S. varieties of [...]
Jul 25, 11:30 am
Jul 25, 10:02 am
Jul 25, 9:09 am
Jul 25, 8:26 am
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