Judge Cites Steve Jobs' Own Words In Refusing Dismissal Of E-Book Suit

Judge Cites Steve Jobs' Own Words In Refusing Dismissal Of E-Book Suit

Apple co-founder Steve Jobs’ words came back to haunt the electronics company today. Its attempt to have a judge dismiss charges of e-book price-fixing were refused, in part because of things Jobs said during his time with Apple. [More]

Wells Fargo Prepping For Possible Racial Discrimination Lawsuit

Wells Fargo Prepping For Possible Racial Discrimination Lawsuit

Though it hasn’t been formally accused of anything by the government, Wells Fargo let it be known in a filing with the Securities & Exchange Commission that the Justice Dept. may soon be alleging the bank was involved in discriminating against minority mortgage applicants. [More]

Apple Willing To Stand Trial On E-Book Price-Fixing Allegations

Apple Willing To Stand Trial On E-Book Price-Fixing Allegations

Even though three of the publishers accused of colluding with Apple to fix prices on e-books have already settled with the Dept. of Justice, the electronics giant continues to assert its innocence and wants the opportunity to answer the charges in court. [More]

DOJ Agrees On E-Book Price-Fixing Settlement With Three Publishers

DOJ Agrees On E-Book Price-Fixing Settlement With Three Publishers

Only hours after filing suit against Apple and six book publishers over allegations of e-book price-fixing, the Justice Dept. said has agreed on settlement terms with three of those publishing companies — HarperCollins, Simon & Schuster, and Hachette. [More]

DOJ Reportedly Close To Deal That Would Lower E-Book Prices

DOJ Reportedly Close To Deal That Would Lower E-Book Prices

Ever since Apple got into the e-book business, publishers have been determining their own prices for titles, meaning that e-books, in spite of having minimal overhead costs, are often sold for higher prices than their print counterparts. But it looks like the Justice Dept. antitrust investigation into this so-called “agency pricing” model is nearing an end — and may result in more affordable e-books for everyone. [More]

DOJ: AT&T Billed U.S. Gov't For Around $15 Million In Fraudulent Calls

DOJ: AT&T Billed U.S. Gov't For Around $15 Million In Fraudulent Calls

The Dept. of Justice has filed a lawsuit against AT&T, alleging that the telecom giant billed the U.S. government for millions of dollars related to phone services intended to be used by hearing-impaired callers. [More]

How Much Have The Big Banks Been Penalized Over Mortgage Mess And Where Is All That Cash Going?

How Much Have The Big Banks Been Penalized Over Mortgage Mess And Where Is All That Cash Going?

The last few years have seen numerous settlements between the nation’s biggest mortgage lenders and various federal and state authorities. And while we hear numbers like “a total of $25 billion,” exactly which banks are responsible for the biggest chunks of these settlements? [More]

DOJ Reportedly Prepping Criminal Charges Against BP

DOJ Reportedly Prepping Criminal Charges Against BP

More than a year and a half after the disastrous collapse of the BP-operated Deepwater Horizon drilling rig in the Gulf of Mexico, it looks like someone may finally be held accountable for the accident, as federal prosecutors are reportedly preparing to file criminal charges against the oil company and perhaps some individual employees. [More]

DOJ Settles With BofA For $335 Million Over Countrywide Pushing Minorities Into Subprime Loans

DOJ Settles With BofA For $335 Million Over Countrywide Pushing Minorities Into Subprime Loans

Nearly four years ago, we first reported on allegations that Countrywide Financial, the failed lender that was bought by Bank of America after it collapsed, had their system set up so that non-white loan applicants were steered toward subprime loans, even if they could have qualified for a standard mortgage. Well, the wheels of justice turn remarkably slowly in Washington, DC, but today the Justice Dept. finally announced a settlement with BofA for $335 million over these allegations. [More]

AT&T Mulling Over Revisions To T-Mobile Deal To Appease Regulators

AT&T Mulling Over Revisions To T-Mobile Deal To Appease Regulators

We’re guessing that when AT&T announced it was going to buy T-Mobile USA for $39 billion that it didn’t expect the deal would receive such jeers from the regulators at the Justice Dept. or the FCC. But with the former ready to go to trial to block the merger and the latter saying it will hold its own hearing if the DOJ fails, AT&T now appears to be looking at the Darth in the mirror. [More]

Department Of Justice Joins E-book Pricing Probe

Department Of Justice Joins E-book Pricing Probe

The U.S Department of Justice has joined its counterparts in the European Union in looking into the pricing of e-books. A Justice Department spokesperson confirmed that the agency’s probe was concerned with the possible “anticompetitive practices involving e-book sales.” [More]

AT&T Pulls FCC Application For T-Mobile Merger

AT&T Pulls FCC Application For T-Mobile Merger

Two days after the FCC announced it intends to hold a rare administrative hearing on AT&T’s proposed purchase of T-Mobile USA, the folks at the Death Star have decided to pull their merger application to the regulator, at least until the end of its legal battle with the Dept. of Justice. [More]

FCC To Add Yet Another Speed Bump To AT&T/T-Mobile Deal

FCC To Add Yet Another Speed Bump To AT&T/T-Mobile Deal

While we all wait for the legal fireworks that are sure to come from the Justice Department’s lawsuit to stop the AT&T purchase of T-Mobile, the folks at the Federal Communications Commission are reportedly looking to hold an administrative hearing on the deal, which could make things even more difficult for the merger. [More]

Justice Dept. To Put Debit Card Fees Under Antritrust Microscope

Justice Dept. To Put Debit Card Fees Under Antritrust Microscope

Even though Bank of America and a few others have — for now — ditched their plans to charge customers a monthly fee for making purchases with debit cards, the Justice Department has decided to look at the possible antitrust considerations surrounding the controversial proposals. [More]

AT&T Tries To Boot Sprint Suit From T-Mobile Hearing

AT&T Tries To Boot Sprint Suit From T-Mobile Hearing

Today AT&T is going to ask the Federal judge to toss out Sprint’s lawsuit seeking to stop it from buying up T-Mobile. [More]

T-Mobile Can't Cut Prices Because That Would Prove They Are Competing With AT&T

T-Mobile Can't Cut Prices Because That Would Prove They Are Competing With AT&T

Last spring when the first Senate hearings were held regarding AT&T’s pending purchase of T-Mobile USA, the folks at the Death Star repeatedly stated that they weren’t trying to eliminate competition because they don’t view the much smaller T-Mobile as competition. Unfortunately for T-Mobile, having to keep up that charade while AT&T fights the Justice Dept.’s attempt to block the deal could result in the loss of millions of customers. [More]

DOJ Petitions Supreme Court To Review Health Care Challenge

DOJ Petitions Supreme Court To Review Health Care Challenge

It was inevitable that it would come to this; it was just a matter of which side would make the request first. Yesterday, the Dept. of Justice filed a petition for a writ of certiorari with the U.S. Supreme Court, asking the nine robed ones to review the 11th Circuit Court of Appeals ruling that part of the Patient Protection and Affordable Care Act is unconstitutional. [More]

AT&T Seeking "Prompt Trial" In T-Mobile Case

AT&T Seeking "Prompt Trial" In T-Mobile Case

Yesterday was the first hearing in the Justice Department’s lawsuit to block AT&T’s purchase of T-Mobile USA. And even though the judge had reportedly told both parties to be prepared to discuss settlement at yesterday’s first hearing in the matter, it looks like no such terms were discussed, as AT&T is hoping to bring the case to trial sooner than later. [More]