A federal judge has certified a class of senior citizens in a suit alleging Jackson National Life Insurance Co. violated the Racketeer Influenced and Corrupt Organizations Act and state financial elder abuse law by hiding fees connected to its deferred annuities.
The U.S. Department of Justice has lost a bid to stay discovery in multidistrict litigation accusing LG Electronics Inc., Hitachi Ltd. and other optical disk drive makers of colluding to fix prices while it pursued a criminal probe.
Employee shareholders have decided to appeal a federal judge's dismissal of their putative class action against Amgen Inc. over alleged drug safety concerns and illegal marketing that sent the biotechnology company's stock price plummeting.
Convicted drug trafficker “Freeway” Ricky Ross has lost his bid to temporarily enjoin rapper Rick Ross and his record label from continuing to “improperly capitalize on the notoriety and gangster credibility of his name” in marketing the rapper's music.
Biopharmaceutical company Gilead Sciences Inc. has agreed to buy privately held drug discovery company CGI Pharmaceuticals Inc. for up to $120 million, in a deal that broadens the reach of Gilead's research into kinase biology and chemistry.
Papst Licensing GmbH & Co. KG has won its bid to toss Chinese hard disk drive manufacturer ExcelStor Technology Inc.'s suit seeking a declaration that it does not infringe Papst's hard disk drive design patents.
Former Brocade Communications Systems Inc. CEO Gregory Reyes was sentenced to 18 months behind bars and fined $15 million Thursday, after being convicted in March of engineering an options backdating scheme during his time at the data storage company.
Six makers of dynamic random access memory chips, including Micron Technology Inc. and NEC Electronics America Inc., have reached a $173 million settlement with indirect purchaser plaintiffs, including 33 state attorneys general, to resolve price-fixing claims.
A federal judge has again dismissed a $2.4 million environmental cleanup suit brought by Chubb Custom Insurance Co. against Ford Motor Co., Sun Microsystems Inc. and Chevron Corp., ruling that the insurer's complaint is still not adequate.
The chief steward of Texas' finances has launched a challenge to the most recent version of Flying J Inc.'s reorganization plan, saying the bankrupt oil company is unfairly seeking to allow the “broad and expansive” release of nondebtors from liabilities.
The U.S. House of Representatives has passed a Senate bill that would set one of the toughest limits in the world on hazardous formaldehyde emissions from all composite wood products manufactured in or imported to the U.S.
New York State Comptroller Thomas DiNapoli said Wednesday that his office would seek lead plaintiff status on behalf of the $132.6 billion New York State Common Retirement Fund in consolidated litigation accusing BP PLC of misleading investors about its safety record and ability to contain the ongoing Gulf oil spill.
The federal judge overseeing multidistrict litigation over unintended acceleration in Toyota Motor Corp. vehicles reportedly ruled Wednesday that the automaker must disclose protected information to the plaintiffs' experts, even if they have previously worked for a rival car company.
Orrick Herrington & Sutcliffe LLP has failed to duck professional negligence and breach of contract claims levied against it by GPS device manufacturer SiRF Technology Inc., which blames the firm for botching a patent infringement dispute against the company in the U.S. International Trade Commission.
About five dozen Union 76 gas station franchisees have filed an amended complaint in their rent dispute with brand owner ConocoPhillips Co., seeking to remedy the deficiencies that sunk their previous attempt.
Nvidia Corp. has won its bid to dismiss a suit accusing it of entering into a secret agreement during the acquisition of rival 3dfx Interactive Inc. in order to mislead a real estate investment trust about 3dfx's ability to continue to honor its pre-existing lease agreement.
A federal judge has kept alive a legal challenge to the fixed interchange fees Citibank NA and other banks charge on ATM transactions, granting the dismissal of one of the legal theories consumers used in antitrust litigation while denying the dismissal of another theory.
Seyfarth Shaw LLP has brought on veteran labor attorney Jeffrey Berman from Sidley Austin LLP to work in the firm's Los Angeles office.
A federal judge has certified a nationwide class of consumers in a case that accuses Blue Sky Natural Beverage Co. of suggesting its drinks were made in Santa Fe, N.M., even though the company left the state in 2000.
A bankruptcy judge has rebuffed a bid from a group of equity holders in bankrupt U.S. Concrete Inc. to form an official committee, finding that even their augmented valuation of the company offers little hope of a recovery for shareholders.