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U.S. appeals court revives Oracle overtime lawsuit

A federal appeals court on Tuesday revived a class-action lawsuit against Oracle Corp, basing its ruling on a state court decision that employers in California must pay nonresident workers for overtime work performed in the state.
Verizon

Verizon Denied Request to Delay Payments to ActiveVideo

The New York-based telecommunications company must pay up to $11 million a month in royalties to ActiveVideo for providing video-on-demand service found to violate patents, U.S. District Court Judge Raymond Jackson ruled last month in Norfolk, Va.
A view shows the AT&T store sign in Broomfield, Colorado

AT&T Profit View Lowered at Raymond James

Raymond James has lowered its profit estimates of telecom giant AT&T Inc. (NYSE:T), which is facing several regulatory roadblocks in its $39 billion deal to acquire T-Mobile USA, a subsidiary of Germany's Deutsche Telekom.
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Former WaMu execs agree to settle FDIC lawsuit: report

Former Washington Mutual Inc executives agreed to settle a lawsuit for less than 10 percent of the $900 million originally sought by the FDIC for their role in the biggest bank failure in U.S. history, the Wall Street Journal said, citing people familiar with the situation.

Judge Grants Delay in AT&T/T-Mobile Trial

AT&T and Deutsche Telekom, T-Mobile's parent company, asked Judge Ellen Huvelle of the U.S. District Court in Washington D.C. Monday to delay the trial with the U.S. Department of Justice over the proposed $39 billion merger, which she has granted.
FCC Chairman Julius Genachowski

AT&T Sues FCC Over Plan to Expand Broadband Service

AT&T seeks a review of the FCC decision on the grounds that it exceeds the Commission's authority; is contrary to the Communications Act of 1934, as amended by the Telecommunications Act of 1996; and is arbitrary, capricious, an abuse of discretion, and otherwise contrary to law.

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