SUPREME COURT

Spanish Treasure Lands after 200 Years

Gold coins from a treasure trove of gold and silver coins worth $500 million and recovered from a Spanish ship believed to be from the wreckage of the Nuestra Senora de las Mercedes, a ship sunk by the British Navy in 1804 as it returned from South Americ
Coins worth nearly half a billion dollars finally arrived in Spain on Saturday after lying in a sunken warship for more than 200 years and following a five-year legal battle between the Spanish government and a salvage company.
Afghanistan

American Officers Killed in Afghan Interior Ministry

Two American officers were shot dead at close range in Afghanistan's Interior Ministry on Saturday, a U.S. official said, as rage gripped the country for a fifth day over the burning of the Muslim holy book at a NATO base.
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People protest against hydraulic fracturing outside the Tribeca Performing Arts Center in New York

New York Town Gets Court OK to Ban Hydraulic Fracturing

A branch of the New York State Supreme Court ruled Tuesday that the Town of Dryden can prohibit the gas drilling hydraulic fracturing within its borders. The decision could embolden other New York municipalities to impose similar bans, potentially upending the primacy of state law over the oil and gas industries.
The Pirate Bay

The Pirate Bay: Banned in the UK?

Swedish filesharing website The Pirate Bay may soon be blocked in the UK after a London judge ruled that the site breaches copyright laws on a large scale, and that both the platform and its users illegally share copyrighted material, such as movies and music.
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Ecuador court rejects Chevron arbitration ruling

A court in Ecuador has rejected an order by arbitrators that an $18 billion pollution ruling against Chevron should be frozen, but the judges referred an appeal by the U.S. oil company to the country's Supreme Court.
A tribal leader of the indigenous Secoya people of Ecuador's northern Amazon rainforest at the Lincoln Memorial in Washington on May 19, 2011.

Double Victory For Chevron in Ecuador Pollution Case

Chevron, the No. 2 U.S. energy company, won two small legal victories this week that could lessen potential liabilities over alleged pollution in South America. A court in Ecuador had previously levied an $18 billion fine.
Mobile Phone

Consolidation No Panacea for Indian Mobile Returns

Everyone knows that industry consolidation leads to improved shareholder returns. India's mobile market may be the exception. Revocation of 2G licences and now a change in M&A rules are expected to force a long-awaited deal frenzy in this challenging sector.
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Appeals Court Weighs Next Steps in BofA Mortgage Deal

Legal wrangling over the proposed $8.5 billion settlement of some of Bank of America Corp's mortgage-backed securities liability could drag through the courts for years, a top appeals court judge said during arguments in the case.

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