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A New York trial court has thrown out a petition by Morgan Keegan & Co to overturn a securities arbitration ruling made in favor of a professional sports agent.

When associates at New York law firm Weil, Gotshal & Manges learned about their annual bonuses last month, the details came as a bit of a jolt - not because of the amount, but rather on account of the timing.

A U.S. jury on Thursday found that Apple's iPhone infringed three patents owned by holding company MobileMedia Ideas, though damages have not yet been determined.