Wednesday, June 27, 2012

The Morning Wrap - The BLT: The Blog of Legal Times

Campaign Funding: The attorney general of New York is investigating contributions to tax-exempt groups that are heavily involved in political campaigns, focusing on the U.S. Chamber of Commerce, The New York Times reports.

Apple v. Samsung: A California federal judge on Tuesday backed Apple Inc's request to stop Samsung Electronics selling its Galaxy Tab 10.1 tablet in the United States, giving the iPhone maker a significant win in the global smartphone and tablet patent wars, Reuters reports.

Under Fire: Philip Falcone, the billionaire hedge-fund manager whose largest investment went bankrupt after being blocked by regulators, may be sued by the Securities and Exchange Commission as soon as this week, Bloomberg reports.

Reinstated: The University of Virginia governing board voted unanimously Tuesday to reinstate Teresa Sullivan as president, more than two weeks after board leaders had forced her to resign and unleashed a storm of campus upheaval, the Washington Post reports.

Mega-Fine: A European court on Wednesday upheld most of a massive fine levied against Microsoft by the European Commission's competition watchdog, closing a case against the software giant that began in 1998, the Associated Press reports.

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