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A California court made it clear to Apple that if the company wanted to find out who leaked details of an in-development product to bloggers, they'd actually have to do it legally. That lesson cost the company almost $700,000 in legal fee reimbursement.

The U.S. Securities and Exchange Commission must now reconsider its rule that says mutual funds have to be overseen by independent chairmen.

Yesterday, Morgan Stanley was ordered by a Florida jury to pay investor Ron Perelman an additional $850 million bringing the total to $1.4 billion in damages.

A ruling in a US court has caused some major upheaval for Sony Computer Entertainment (SCE). A federal district court in California ruled the SCE must cease sales of its Playstation and Playstation 2 consoles, while paying the company Immersion $90 million because of complaints stemming from a patent infringement case.