Approximately 30 percent of U.S. homebuilders are in financial distress and could soon be pushed into insolvency, according to a new report.
A federal judge has struck class allegations from an independent financial adviser's proposed wage-and-hour class action against Ameriprise Financial Services Inc. and remanded the suit to the state court system in California.
Broadcom Corp. co-founder Henry T. Nicholas III has won a bid to dismiss claims brought against him in a shareholder class action that accuses the company and several officers and directors of engaging in a scheme to backdate stock options that led to a decline in the company’s stock price.
An appellate court has found that the Federal Communications Commission was reasonable when it said Verizon Communications Inc. couldn't contact customers with price discounts when it had been alerted that they were going to switch service.
AMCAN Beverages Inc., a subsidiary of The Coca-Cola Co., has agreed to pay $7.59 million to settle allegations that it violated wastewater discharge rules by dumping polluted water into the water treatment system of a California city.
AXA Equitable Life Insurance Co. has come a step closer to garnering preliminary approval for a $6.5 million settlement in a consolidated wage-and-hour collective and class action brought on behalf of current and former financial sales representatives, with a judge asking for more information on how the settlement fund would be divided.
An antitrust suit brought by the country’s largest single-copy magazine distributor, Source Interlink Distribution LLC, against a Time Inc. subsidiary has been transferred from California to a district court in New York at Time’s request, after a judge found the defendant’s choice of forum more appropriate for the case.
Facebook Inc. paid ConnectU LCC $65 million to settle litigation between the two social networking sites over alleged misappropriation of trade secrets, law firm Quinn Emanuel Urquhart Oliver & Hedges LLP reportedly announced in its January newsletter.
Making way for an expected appeal by Rambus Inc., a Delaware federal court has issued a final decision that bans the company from enforcing 12 of its semiconductor patents against memory chip maker Micron Technology Inc. after finding Rambus shredded documents about the patents.
In the wake of the U.S. Supreme Court case Wyeth v. Levine, President Barack Obama released a memo signaling a more cautious approach to federal preemption than that of the last Bush administration. But legal experts say Obama has merely given a nod to state sovereignty, not rung the death knell for federal preemption.
One of two patents at the center of an infringement battle brought by Funai Corp. Inc. against Vizio Inc. and several other defendants was again rejected by the U.S. Patent and Trademark Office in late January, Vizio said Friday.
Winning a motion in an intellectual property case may not automatically end an infringement battle, but it can help determine the course of the case. Here's how to make it happen.
A federal appeals court has ruled that a California shopping center can't collect over $12 million in surety bonds from National Indemnity Co., which served as the reinsurance company for the surety bonds' issuer, because the shopping center did not have a contract directly with NICO.
California Pharmacy Management LLC has launched a suit against a slew of Berkshire Hathaway Inc. subsidiaries, alleging the workers’ compensation carriers, intent on driving the plaintiff out of business, are refusing to pay for millions of dollars of valid prescriptions.
Increased product globalization could lead to a rise in global forum shopping, and many attorneys believe foreign plaintiffs will continue eying the U.S. as the ultimate plaintiffs' venue.
The rise in new kinds of energy production, energy infrastructure and energy derivatives, coupled with a growing concern about market manipulation, will likely cause energy market regulation in the U.S. to look increasingly like securities market regulation, experts say.
A federal judge has issued a summary judgment ruling largely in favor of Medtronic Inc. as the medical device maker prepares to go to trial against Abbott Laboratories in an ongoing infringement suit over two stent patents.
A federal judge has granted class certification to a group of former RadioShack Corp. employees alleging that the electronics chain did not reimburse the employees for business trips they made using their personal vehicles.
Citing an ongoing criminal investigation, a federal judge has extended a stay in the antitrust multidistrict litigation against several major electronics manufacturers — including LG Electronics Inc., Panasonic Corp. and Samsung Electronics Co. Ltd. — for allegedly engaging in a scheme to fix the prices of cathode ray tubes used in televisions and computer monitors.
A judge overseeing antitrust action against a group of dynamic random access memory chip makers has refused a request by defendant Infineon Technologies AG to hold the plaintiffs to account for failing to comply with a court order disqualifying Crowell & Moring LLP from the case.