Nev. Court Won't Boot PDL BioPharma, Genentech Row

Law360, New York (July 11, 2011, 3:12 PM EDT) -- A Nevada state court on Thursday refused to dismiss a suit brought by PDL BioPharma Inc. against F. Hoffmann-La Roche Ltd. and its Genentech Inc. unit over pharmaceuticals royalties PDL says it is owed under a previous settlement agreement, according to PDL.

PDL said the Nevada court ruled in its favor Thursday on two motions to dismiss filed by Genentech and Roche in the dispute stemming from a 2003 settlement agreement. The court refused a bid by Genentech and Roche to dismiss four of PDL's five...
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