Law

Rajaratnam's Request to Unseal Accuser Khan's Criminal Case Is Postponed A court hearing to determine whether a 2001 criminal case against the chief accuser of Galleon Group founder Raj Rajaratnam will be unsealed was delayed for two weeks.

Station Casinos Judge Says Bankruptcy Probe Unneeded, Rejects Boyd Motion Station Casinos Inc. doesn’t need an examiner to investigate how the company is handling its bankruptcy, the judge overseeing the case said, rejecting part of the takeover strategy pursued by Boyd Gaming Corp.

JPMorgan to Pull Arbitration Clause From Card Contracts in Lawsuit Accord JPMorgan Chase & Co.’s credit-card contracts will no longer require disputes to be settled through arbitration, a practice that lawmakers said was biased against cardholders, to help settle an antitrust lawsuit.

New York Giants, Jets Must Defend NFL Stadium Licensing Suit, Judge Says The New York Giants and Jets must defend a breach-of-contract claim by a fan forced to buy personal seat licenses to finance a new $1.6 billion stadium, a judge ruled in also throwing out three related claims.

Dow Corning Sues Merrill Over $166 Million Auction Rate Securities Losses Dow Corning Corp., the world’s biggest silicone supplier, and two affiliated companies sued Bank of America Corp.’s Merrill Lynch & Co. for falsely representing the safety and liquidity of $166 million in auction-rate securities that the companies can’t sell.

HealthSouth Investors, UBS Address Settlement Talks `Logistics' in Court UBS AG and HealthSouth Corp. shareholder lawyers discussed “logistics about talking about settlement” during a conference with the judge presiding over a suit related to fraud at HealthSouth, an investor attorney said.

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