In Blow to SEC, Court Dismisses Charges in First Insider Trading Case Involving Swaps

In a stunning defeat for the Securities and Exchange Commission, the U.S. District Court for the Southern District of New York June 25 dismissed the agency’s first…

House Clears Financial Reform Bill Along Party Lines, Senate Action Delayed

The House approved landmark legislation (H.R. 4173) June 30 that would overhaul U.S. financial services regulation with new controls on large and interconnected financial…

ANALYSIS: Patent Community Applauds Supreme Court’s Restraint in Bilski Decision, But Rues Lack of Guidance

Members of the U.S. patent community consulted by BNA expressed surprise and general pleasure that the U.S. Supreme Court chose not to exclude business method…

Supreme Court Rejects Bilski Abstract Ideas, Does Not Exclude Business Method Patents

The U.S. Supreme Court ruled unanimously on June 28 that the Federal Circuit’s machine-or-transformation test is only “a useful and important clue or…