The Supreme Court reversed the Federal Court of Appeal decision awarding $2.5 billion punitive damages in the 1989 Exxon Valdez disaster, down to $500 million. Justice David Souter wrote that the punitive damages may not exceed the compensation already paid to victims for economic losses, in a 5-3 decision (Justice Samuel Alito sat out since he owns Exxon stocks).

Sirius Satellite’s purchase of XM Satellite Radio was approved today by the Justice Department, making the merger get closer to reality after the deal was originally announced in February 2007. The biggest opposition still remains the National Association of Broadcasters, representing the interests of every AM/FM radio stations and broadcasters in United States.

The last hurdle remains FCC, which made an order all the way back in 1997 that satellite radio provider cannot buy the other.

[Read full news story at Reuters]

Lawyers have many ethical rules to follow, and one of them in Wisconsin bars them from having sex with “current clients”. The Wisconsin Supreme Court ruled in October that attorney Michael Inglimo did not violate that specific rule since he had sex with his client’s girlfriend during a threesome, and regulation bans only direct sex with the client.

Of particular note is how the judges describe a threesome:

Counts 1 and 2 relate to Attorney Inglimo’s representation of L.K in a criminal case between April 2000 and January 2001. During this representation in October 2000, Attorney Inglimo had sexual relations with L.K.’s girlfriend in L.K.’s presence and with L.K. also engaging in sexual relations with his girlfriend during the sexual encounter. The referee further found, however, that there was no evidence that during the encounter there was any intimate physical contact between Attorney Inglimo and L.K.

[Read the entire decision here]

According to the lawsuit filed by Brandy Fanning against Dr. George Trusty, he was performing dental surgery using a drill while dancing to the music Car Wash being played in the radio. The lawsuit alleges that his dancing caused the drill bit to break off and lodge in her sinus. Dr. Trusty’s attempt to take out the stuck drill bit caused it to go further into her body, finally settling around the bone near eye socket.

She is claiming $600,000 for her pain and suffering.

[Read the full story on MSNBC]

Monopolies are generally frowned upon, and FCC has now invalidated exclusive Cable contract of apartment buildings. The Federal Communications Commission unanimously banned exclusive agreements with hope that this will lead to healthier competition and ultimately cheaper rates for residents.