Finish Line, whose stock fell as much as 25 percent, has been trying to walk away from its June agreement to buy Genesco.

Genesco, based in Nashville, Tennessee, said the court ruled that Finish Line had breached their merger agreement.

"We look forward to working with The Finish Line to consummate the merger expeditiously," Genesco Chief Executive Hal Pennington said in a statement.

Swiss bank UBS sued both companies last month in federal court in New York in a bid to be relieved of its obligation to fund the deal.

Genesco, meanwhile, separately sued Finish Line and UBS in Tennessee in an attempt to force completion of the agreement.

"The only hurdle at this point is insolvency, and whether or not UBS can prove the combined entities would in fact be insolvent and not able to make interest payments and therefore possibly file for bankruptcy," Susquehanna Financial analyst Christopher Svezia told Reuters.

"That's part of the reason why you're seeing Genesco move, but you're not seeing it trade up to $50. There's a lot that needs to get settled here," said Svezia, whose firm has "neutral" ratings on both stocks.

The Tennessee court reserved judgment on whether the combined company would be solvent, saying it would await a ruling in the suit filed by UBS, Genesco said. 

Alinghi's lawyers contended that the San Francisco club's July challenge on behalf of BMW Oracle Racing was invalid because it failed to properly describe the yachts in which the race would be sailed.

The challenge letter described a boat that would measure 27 metres long by 27 metres wide - a dimension that could apply only to a multihulled vessel like the catamaran that American Dennis Connor used to defend the cup in 1988.

The challenge, however, also called the boat a "keel yacht," a term traditionally used to describe a boat with one hull.

Alinghi argued in court papers, filed in state court in New York on Thursday, that BMW Oracle's bid should be tossed because it proposes a boat that doesn't exist, or would be so misshapen because of its bargelike dimensions that it would be unfit for racing.

The Golden Gate Yacht Club said Alinghi's new claim lacks merit.

"If these arguments were valid they would have been presented months ago," BMW Oracle spokesman Tom Ehman said.

In November, a New York judge disqualified Alinghi's favored Spanish challenger, Desafio Espanol, of Club Nautico Espanol de Vela, on the grounds that the new club hadn't previously held a major regatta, as required by the cup's deed of gift.

The two sides are due back in court in January.

Attorneys entered not guilty pleas for Brian David Franks, 27; William Thomas Coppock, 23; and Brian Alan Anderson, 22, all of Los Angeles.

They are among five men who have been charged with recklessly causing a Nov. 24 fire that swept through 4,000 acres of Malibu canyon land. Six firefighters were hurt battling the blaze, and 50 homes and 35 other buildings were destroyed.

Dean Allen Lavorante, 19, and Eric Matthew Ullman, 18, face arraignment in February. They and Anderson are free on bail.

The five are charged with recklessly causing a fire with great bodily injury and recklessly causing fire to inhabited structures. They could face more than a decade each in prison if convicted.

Superior Court Judge Michael K. Kellogg, who works in the San Fernando Valley but lives in Malibu, took the unusual step of denying from the bench that his Malibu neighbors had pressured him.

"Nobody's putting pressure on me," he said. "No one ... has come down from Malibu and knocked on my door and said, 'Hey Judge, we know where you live!"

Kellogg scheduled a preliminary hearing for Jan. 7 to determine whether there is enough evidence to hold the three for trial.

After the hearing, defense attorneys said their clients were being scapegoated.

"The Malibu community and the political pressure by the governor and other factors," led to charges being filed, said Andrew Reed Flier, who represents Coppock.

Arson investigators said food wrappers and precut logs led them to determine the blaze started with an illegal campfire in a cave-like depression on state park land in Corral Canyon that was known as a favorite partying spot for young people.

Brenda White, 55, of Plaistow, N.H., won the $200,000 on a Massachusetts State Lottery $5 scratch ticket appropriately called "Bah Hum Bucks" during a Yankee swap party on Dec. 15 in Haverhill.

In a Yankee swap, participants have the option of either keeping a gift they choose, or swapping for a gift selected by someone who preceded them.

White swapped for the lottery ticket originally selected by Franco Sapia, 39, of Derry, N.H.

Before scratching the ticket, she promised to split any winnings with Sapia, according to a complaint Sapia filed in Essex Superior Court. She didn't, and Sapia is claiming half the jackpot in his lawsuit, saying there were several witnesses to the promise.

A judge has agreed to freeze the jackpot until the matter is resolved.

"Only this court can resolve this important question," the Justice Department wrote in its 28-page appeal, filed Wednesday. "Until it does so, investigations of corruption in the nation's capital and elsewhere will be seriously and perhaps even fatally stymied."

Jefferson's attorney, Robert P. Trout, declined comment Friday.

The Constitution prohibits the executive branch from using its law enforcement powers to interfere with the lawmaking process, and the FBI should have given Jefferson a chance to argue that some of the documents involved legislative business, according to the August ruling by the U.S. Court of Appeals for the District of Columbia Circuit.

The May 2006 raid was part of a 16-month international bribery investigation of Jefferson, a nine-term Democrat from New Orleans. He is accused of accepting $100,000 from a telecommunications businessman, $90,000 of which was later recovered in a freezer in the congressman's Washington home.

Jefferson pleaded not guilty in June to charges of soliciting more than $500,000 in bribes while using his office to broker business deals in Africa.

In its August ruling, the federal appeals court held that the raid itself was constitutional. But it ordered the Justice Department to return any legislative documents it seized from Jefferson's office on Capitol Hill. Still undecided is whether prosecutors can use other records it confiscated as part of their bribery case against Jefferson.

Justice Department attorneys said the ruling "fundamentally misinterprets" constitutional guarantees that allow the executive branch to investigate and prosecute corruption in Congress.

"Although this case involves a search of a Capitol Hill office (a concededly extraordinary event), the court's decision threatens to impede searches of Members' homes, vehicles, or briefcases," government attorneys wrote in their appeal to the Supreme Court.

In addition to Jefferson, the Justice Department is investigating disgraced lobbyist Jack Abramoff's dealings with Reps. John Doolittle and Jerry Lewis, both California Republicans; former Rep. Tom DeLay, R-Texas; and former Sen. Conrad Burns, R-Mont. A dozen people — including former Rep. Bob Ney, R-Ohio, former Deputy Interior Secretary Steven Griles and former White House official David Safavian — have been convicted in the Abramoff probe.

In a Thursday hearing on the Jefferson case, an FBI agent testified that investigators had information about potentially shady business deals involving Jefferson going back the late 1990s. During a pretrial hearing in federal court in suburban Virginia, FBI agent Timothy Thibault said he found a bureau document from the late 1990s questioning Jefferson's business deals with a sugar company.

Rothstein suffered severe internal injuries when he skied into the wall at Snowbird in February 2003. Rothstein sued, claiming negligence, but a state District Court ruled in favor of Snowbird, citing the releases Rothstein signed.

The Supreme Court's 3-2 decision Tuesday restores Rothstein's lawsuit and clarifies state law.

"What it will do is to encourage ski resorts to be more careful in their operations," said Jesse Trentadue, a lawyer representing Rothstein.

Snowbird attorneys Gordon Strachan and Kevin Simon did not immediately return a message seeking comment. Peter Rietz, a Colorado lawyer who is special counsel to the National Ski Areas Association, said the ruling applies only to Utah resorts.

Snowbird maintained Rothstein skied off a connecting trail to an area that was marked off by rope. But the rope had a gap, which Rothstein mistook for an entrance to an open trail. The wall Rothstein hit had a light covering of snow and couldn't be seen. Rothstein survived broken ribs, a kidney injury, liver damage and a collapsed lung.

Snowbird won the earlier ruling on two releases Rothstein had signed, assuming all risks and specifically mentioning cases "including the negligence of Snowbird, its employees and agents."

But the Supreme Court decided that the releases go against a state law, which was written to protect resorts by keeping liability insurance rates affordable.

Resorts are covered by the state's Inherent Risks of Skiing Act, saying skiers assume some risks every time they swoosh down a steep mountainside or trail lined with trees.

The law is designed to keep insurance rates affordable for the resorts, not shield them from liability all together. Resorts are responsible to insure themselves non-inherent risks, the high court said.

The releases Rothstein signed for Snowbird "are contrary to the public policy of this state and are, therefore, unenforceable," the ruling said.

Associate Chief Justice Michael Wilkins, who cast one of the two dissenting votes, noted that nothing in the state law says ski resorts can't shield themselves from lawsuits for non-inherent risks.

"In fact, the text is silent about whether an individual may or may not sue a ski area operator on some other basis," Wilkins wrote.

Speaking from Dillon, Colo., Rietz said there are trade-offs when a skier gets a season pass.

"Part of the consideration when you get a discounted pass is you have to sign a waiver that provides some additional protection for the resort," he said. "If you don't want to release liability you can buy a day ticket."

Santo Maggio, 56, who was president of the Refco Capital Markets unit, pleaded guilty to four counts -- two counts of securities fraud, one count of conspiracy and one count of wire fraud -- at a hearing before Magistrate Judge Ronald Ellis in Manhattan federal court.

Separately, the U.S. Securities and Exchange Commission said in a related action it had settled a civil lawsuit against Maggio.

Refco and 23 affiliates filed for Chapter 11 bankruptcy protection on October 17, 2005, a week after revealing that former Chief Executive Phillip Bennett had hidden $430 million of bad customer debt. It later liquidated its operations.

Maggio told the judge that Refco's losses were covered up.

"I participated with others to hide the true financial health of Refco," he said. "I deeply regret my conduct and the harm that it has caused."

He faces a maximum sentence of 65 years for the charges. He is scheduled to be sentenced on May 9.

The plea comes a day after prosecutors, along with the U.S. Postal Inspection Service and the Securities and Exchange Commission, filed charges against Joseph Collins, a former outside lawyer for Refco.