In his State of the Union address Tuesday night, President Obama announced the creation of two new law enforcement units, one targeting financial crimes, the other unfair trade practices. Both announcements drew applause, though it’s not entirely clear how the initiatives will differ from existing efforts.

The new head of the Consumer Financial Protection Bureau sought to reassure House members Tuesday that his agency has no intention of “going off in some wild new unexpected direction.” The subcommittee pressed Richard Cordray on whether the CFPB will accept existing case law that defines “unfair and deceptive” practices.

A bitter battle between Alcatel-Lucent and Microsoft that lasted more than a decade came to an end Tuesday with a one-paragraph order by a San Diego federal district court judge.

Leslie “Les” Jacobs, a former senior antitrust partner in Thompson Hine’s Cleveland office, was sentenced Tuesday to serve a year and a day in prison in connection with his guilty plea on a federal tax fraud charge, according to a press release issued by the Justice Department.

A Texas-based investment group, claiming it was scammed by Scott Rothstein, asked Tuesday for $172 million in damages from TD Bank for helping to prolong Florida’s largest Ponzi scheme by allegedly aiding the imprisoned former lawyer in his $1.2 billion settlement financing fraud.