Law & Society

Sports Authority Inc. filed for Chapter 11 protection as it faces its growing online competition. The company is also planning to close its weaker stores and to look for a buyer before the end of next month.

Volkswagen said that it did not violate financial market disclosure rules. It also claimed that the German carmaker was too slow to inform investors about the rigging of diesel emissions test.

A judge sided with Argentina in its debt standoff on Wednesday, agreeing to let orders protecting creditors expire so that large U.S. hedge funds and smaller entities and people can be paid at least $6.2 billion to satisfy settlements reached over the last month.