China criticized the International Trade Administration’s proposal to increase the threshold at which market economy prices can be used to value inputs for antidumping investigations and reviews involving China and Vietnam, but domestic industry representatives were in favor of the change, and even suggested more-stringent requirements, in comments submitted in response to the ITA’s June 28 proposed rule. Comments were due July 30.
Zynga shares were up slightly Monday despite the suits filed against the company last week. The company declined to comment Monday about the several legal actions seeking class action status, accusing it and its top executives of insider trading and other securities violations. Zynga shares closed 8.1 percent higher Monday at $2.94 -- still a far cry from its 52-week high of $15.91 in March.
Zynga shares were up slightly Monday despite the suits filed against the company last week. The company declined to comment Monday about the several legal actions seeking class action status, accusing it and its top executives of insider trading and other securities violations. Zynga shares closed 8.1 percent higher Monday at $2.94 -- still a far cry from its 52-week high of $15.91 in March.
Gibson Guitar and the Department of Justice (DOJ) settled a contentious dispute over allegations of Lacey Act violations related to the purchase of wood from Madagascar and India, both sides said Aug. 6. Gibson agreed to pay penalties, withdraw claims against wood seized as part of the government's investigation and improve compliance efforts, while the government agreed to defer prosecution, according to the agreement.
The Court of International Trade remanded for the second time the final results of the 2006-07 administrative review of the antidumping duty order on tapered roller bearings and parts thereof from China (A-570-601). This time, CIT said there was nothing on the record that indicated Chinese plaintiff Peer Bearing Company-Changshan (which received a 92.84% AD rate in the original final results) was uncooperative, and therefore the ITA’s decision to apply an adverse facts available (AFA) AD rate of 60.95% on remand was unsupported. CIT also said the ITA’s decision not recalculate the surrogate values of three of plaintiff’s inputs was in violation of the first remand order, and reprimanded the ITA for failure to obey the court order.
The International Trade Administration and the International Trade Commission each issued notices initiating five-year Sunset Reviews of the suspending antidumping duty investigations on lemon juice from Argentina (A-357-818) and Mexico (A-201-835)
A planned two-mile Milwaukee streetcar project has upset Wisconsin telcos, they said in a petition filed Monday with the Wisconsin Public Service Commission (http://xrl.us/bniu8f). AT&T Wisconsin, Time Warner Cable, the Wisconsin Cable Communications Association (WCCA), tw telecom and Windstream are objecting to the municipal transportation network’s desire to force utilities to move facilities at their own expense and wants the Wisconsin PSC to declare it unreasonable and unlawful for “the City to require public utilities through any ordinance, resolution, regulation, agreement, requirement or future order to modify or relocate their facilities without compensation from the City to accommodate the Streetcar Project and that any such regulations are unreasonable and void,” the petition said.
The Court of Appeals for the Federal Circuit reversed a Court of International Trade remand of the final results of the 2006-07 administrative review of the antidumping duty order on magnesium metal from the Russian Federation, and ordered CIT to reinstate the original final results. In its ruling, CAFC said CIT overstepped its authority by requiring the International Trade Administration to consider factual information that Russian magnesium and titanium manufacturer PSC VSMPA-Avisma submitted beyond the regulatory deadline. CAFC also said CIT misinterpreted the phrase “ordinary course of business” in the statute in requiring the ITA to use a methodology that also accounted for Avisma’s titanium production when allocating costs in the calculation of constructed value for Avisma’s magnesium sales. According to CAFC, the phrase refers to a normal time period, and does not dictate a specific cost accounting methodology.
Recent allegations of customs evasion by San Diego customs brokers don't represent the integrity of the profession overall, said the National Customs Brokers and Forwarder Association of America (NCBFAA) in response to federal charges filed against a group of customs brokers. A group of eight individuals, including Gerardo Chavez, president of the San Diego Customs Association (SDCA), and three companies worked to bring in shipments worth at least $100 million, while avoiding more than $10 million in customs duties and taxes, the charges say.
The FCC violated the First and Fifth Amendments to the U.S. Constitution when it approved its 2010 Open Internet Order, and exceeded its authority by applying common carrier regulations on broadband Internet providers, several free market think tanks, states, and the nation’s largest industrial trade association argued in briefs filed with the U.S. Court of Appeals for the D.C. Circuit Monday in case 11-1355. The net neutrality rules were approved with a three-vote majority in late 2010, and Verizon quickly appealed (CD Jan 21/11 p1).