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Special Court verdict on Satyam case likely on December 23

2014-10-30 13:23:04| IT Services - Topix.net

A special court here will pronounce its verdict on December 23 in the accounting fraud in the erstwhile Satyam Computer Services Limited, nearly six years after the the multi-crore rupee scam jolted corporate India. Special judge BVLN Chakravarthi fixed December 23 for pronouncement of the much-awaited judgement.

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After $175M Verdict, Feds to Examine Widely-Used Guardrails

2014-10-21 23:17:39| Automakers - Topix.net

The federal agency that a court found was misled and defrauded by a leading guardrail company is taking a hard look at whether the company's guardrails -- some of the most widely-used on America's roads -- should continue to protect American drivers. "The Federal Highway Administration [FHWA] will evaluate the findings of the Trinity case and consider whether it affects the continued eligibility of the ET-Plus guardrail end terminal," Department of Transportation spokesperson Brian Farber told ABC News in an email late Monday evening.

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Gautam Adani to gain as coal imports set to spike on Supreme Court verdict

2014-09-30 03:40:38| Steel - Topix.net

The near-monopoly in mining, shipping and logistics sees 'great opportunity' as transfer of mines will lead to a lag in coal production As the country faces uncertainty over coal supply in wake of cancellation of coal block allocations by the Supreme Court, Gautam Adani -owned Adani Group is set to cash in on the burgeoning demand for both steam coal and coking coal. For the Ahmedabad-based trading giant, which is already a near-monopoly thanks to its presence in mining, ports, shipping and logistics, what lies ahead is a "great opportunity" despite the higher cost of imported coal.

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Judge could add $1M to $4.7M jury verdict against Nevada trucking firm in deadly Amtrak crash

2014-09-17 20:43:37| Railroads - Topix.net

A Nevada trucking company could be forced to pay more than $5.7 million if a judge formalizes a jury verdict that faulted one of its drivers for a fiery 2011 crash with an Amtrak train that killed six people and injured dozens. A federal jury in Reno awarded $4.5 million to Amtrak and $210,777 to Union Pacific Railroad for damages resulting from John Davis Trucking Co.'

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Court won't restore Oracle's $1.3B verdict vs. SAP

2014-08-30 13:32:03| Telecom - Topix.net

A federal appeals court is refusing Oracle Corp.'s request to reinstate a $1.3 billion verdict it won against German rival SAP SE in a long-running copyright dispute.

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