September 27, 2013
As creditors and citizens continue to tussle over Detroit's bankruptcy in court, the Obama administration says it will free up $300 million in funding for the troubled city to help demolish blighted properties, hire new police officers and improve the city's transportation system. The administration made the announcement Friday morning, as local leaders were set to meet with representatives from the White House, including Atty. Gen. Eric Holder, Obama economic advisor Gene Sperling and Transportation Secretary Anthony Foxx.
September 26, 2013 |
NEW YORK -- Even the "King of Wall Street" has to show his ID to security at the Justice Department. Jamie Dimon, chairman and chief executive of JPMorgan Chase & Co., was photographed flashing his New York driver's license Thursday morning on his way to meet with U.S. Atty. Gen. Eric Holder to discuss possibly settling of a bunch of government investigations. The nation's largest bank could pay anywhere from $3 billion to $11 billion to settle a range of federal and state probes, according to a person familiar with the negotiations who was not authorized to speak publicly.
September 23, 2013 |
WASHINGTON - A retired FBI agent who worked on some of the bureau's biggest cases will plead guilty to leaking classified information about the disruption of a terrorist bomb plot in Yemen in a case that sparked controversy over the government's subpoenas of reporters' telephone records. Donald John Sachtleben, 55, separately pleaded guilty to distributing child pornography. The plea agreement in the leak case became public in court records filed Monday in connection with the pornography prosecution.
September 23, 2013 |
Facing a lawsuit by the U.S. Department of Justice, the parent companies of American Airlines and US Airways have agreed to extend their merger plans for an extra month. The expiration date to merge the airlines to create the nation's largest airline has been moved from Dec. 17 to Jan. 18, AMR Corp. and US Airways Group announced in a joint statement. A trial to hear the Justice Department's challenge to the merger is scheduled to begin Nov. 25 at a district court in Washington.
September 17, 2013 |
A proposed merger of American Airlines and US Airways that has been challenged by the U.S. Department of Justice has a 50 percent chance of succeeding. That was the analysis of JPMorgan of the proposal that, if successful, would create the nation's largest airline. "The industry dialogue has crescendoed, with airlines, pundits, bloggers, former CEOs, etc, all extolling the folly of DOJ's suit and certainty of an airline win (we frequently hear 75% probability). But when it comes to antitrust experts, we have yet to find any that believe the airlines face anything but a steep, uphill battle, with most citing probabilities below 40%," wrote JPMorgan analyst Jamie Baker in a report Tuesday.
September 12, 2013 |
A bankruptcy judge in New York has endorsed a plan to merge American Airlines and US Airways, pending the outcome of a legal challenge by the U.S. Department of Justice. Judge Sean Lane approved the merger plan Thursday at a hearing in U.S. bankruptcy court. AMR Corp., the parent company of American Airlines, filed for bankruptcy in November 2011. But the merger that would create the nation's largest carrier must still overcome a lawsuit filed last month by the Justice Department, which claims the merger would cut competition and lead to higher fares.
CALIFORNIA | LOCAL
September 6, 2013 |
Federal authorities have opened a civil rights probe into whether Los Angeles County sheriff's deputies have engaged in a pattern of abuse of inmates, according to a letter sent to county officials this week. The so-called pattern or practice investigation marks a new level of scrutiny for the nation's largest jail system, which is the subject of an ongoing FBI criminal investigation into allegations of excessive force and other misconduct. The letter, sent from the Justice Department's Civil Rights Division to the county on Thursday, said federal authorities opened the civil probe after becoming "increasingly concerned about use of force and alleged abuse by jail deputies and staff.
September 6, 2013 |
For nearly two years, the Department of Justice has been conducting a criminal probe into allegations of abuse and violence in the Los Angeles County jails. On Thursday, the Justice Department informed Sheriff Lee Baca and the county that it is opening a second investigation that will examine whether sheriff's deputies engaged in a pattern of excessive force, and whether the department failed to implement broad reforms that the sheriff agreed to in 2002 involving mentally ill inmates.
August 30, 2013 |
A U.S. District Court judge set a Nov. 25 date for the start of a trial over the proposed merger that would create the largest airline in the world. AMR Corp., the parent company of American Airlines, was set to merge with US Airways earlier this month when the U.S. Department of Justice filed a lawsuit, saying a merger would hurt competition and lead to higher fares. The Justice Department had requested that a trial for the lawsuit begin March 3, 2014, while lawyers for the airlines requested that the trial begin sooner, on Nov. 12. The decision by District Judge Colleen Kollar-Kotelly is a victory for the airlines, whose lawyers argued that a prolonged delay to the merger could hurt the financial future of the carriers.
August 29, 2013 |
SEATTLE - When the Justice Department announced Thursday that it would not interfere with the enforcement of voter-approved laws that allow recreational pot use in Washington state and Colorado, leaders on both sides of the issue had the same thought: The policy will probably encourage other states to consider similar laws. For supporters of the state laws, the policy marked a milestone that they believe will boost their efforts to legalize marijuana in other states, including Oregon, Nevada, Massachusetts and Alaska.