Three Chinese companies will have to defend themselves in U.S. courts against a $2.2 billion copyright infringement suit brought by a California software company, a federal judge has ruled.

Federal Trade Commission and Justice Department officials signed an antitrust memorandum of understanding with Chinese antitrust agencies on Wednesday, creating “a framework for long-term cooperation” almost three years after China’s anti-monopoly law went into effect. The U.S. business community has been skeptical about the law.Visit International News

Fourteen years after Hong Kong formally reverted to Chinese rule, U.K. law firms rank among the largest in town, with several boasting more than 100 lawyers. But the growth of leading U.S.

A federal judge’s Tuesday ruling could help fan the flames of securities litigation tied to U.S.-listed Chinese companies, and expand potential liability beyond the companies and their directors and officers to accounting firms and other third parties.

Just a month after Banner Supply reached a $55 million settlement with plaintiffs in the Chinese drywall MDL in New Orleans, Banner’s lawyers are claiming that the Knauf Chinese subsidiary that made the drywall is the one to blame. Knauf’s lawyers beg to differ.