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News
June 27, 2014

In The News Today – June 27, 2014

In a 4-2 decision, the New York State Court of Appeals ruled that the city’s health board, which had approved the former Mayor Bloomberg’s effort to limit the size of sodas and other sugary drinks, “exceeded the scope of its regulatory authority” and infringed powers that otherwise belonged to the New York City Council. (Washington Post)

Confirming speculation from the past week, BNP Paribas is set to plead guilty to criminal charges and pay a record $8.9 billion penalty to state and federal authorities. This “would be the culmination of a widespread investigation into the French bank for transferring billions of dollars on behalf of Sudan and other countries blacklisted by the United States.” (New York Times)

The U.S. Supreme Court dealt a blow to presidential appointment power, ruling unanimously that President Obama’s recess appointments to the National Labor Relations Board (NLRB) in 2011 were invalid.”Today’s decision is a victory for the rule of law,” said Thomas J. Donohue, president and CEO of the U.S. Chamber, in applauding the decision. (USChamber.com)

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