Several former Sears Holdings Corp. employees have won a bid for conditional certification in an age discrimination suit brought on behalf of sales associates who allegedly lost pay and benefits when they were transitioned to a Sears subsidiary.
A Texas judge has ruled that the founders of Apollo Management LP should remain part of a suit brought by Huntsman Corp. after the private equity fund allegedly reneged on a $6.5 billion merger between one of its units and the chemical manufacturer.
A judge has allowed bankrupt Lyondell Chemical Co. to pay its share of settlements in more than 60 product liability cases over the gasoline additive methyl tertiary-butyl ether, the majority of which have been consolidated in multidistrict litigation settled by other defendants for about $422 million.
Holland & Knight LLP has scored two more intellectual property partners for its New York office, including one of the former named partners of now-dissolved Thelen LLP.
A number of unsecured creditors have asked a court to force bankrupt Lyondell Chemical Co. to turn over information about its insurance policies in an attempt to proceed with pending product liability lawsuits.
U.S. competition regulators have given the green light to Suncor Energy Inc.'s proposed acquisition of Petro-Canada for approximately CA$19 billion ($15 billion) in stock — a deal that would create the largest energy company in Canada and the fifth-largest in North America.
Schuyler Roche PC, a full-service firm based in Chicago, has tied the knot with a local trial and appellate boutique of 10 lawyers, in a sign that acquisitions of smaller firms are not slowing down despite tough economic times.
Former Faegre & Benson LLP partner Jeffrey Sherman has joined Denver powerhouse Holland & Hart LLP, where he will practice in the securities and public companies group.
Law360 is pleased to announce the formation of its 2009 insurance editorial advisory board.
Federal regulators have settled their case against a former executive of health care services provider McKesson Corp. accused of insider trading in connection with the company's purchase of D&K Healthcare Resources Inc. in 2005.
The federal judge overseeing a putative WARN Act class action that accuses bankrupt Heller Ehrman LLP of failing to pay wages and benefits to workers terminated in mass layoffs in late 2008 has agreed to send the case to early neutral evaluation.
A Michigan jury has awarded $47.7 million to Chrysler LLC in a breach of contract lawsuit that accused Hutchinson FTS of providing the embattled automaker with defective parts that had to be recalled.
A bankruptcy lawyer who served as an informal adviser to the Obama presidential campaign has moved from Goldberg Kohn to DLA Piper, where he aims to represent financial institutions and other creditors in highly complex matters.
The U.S. Securities and Exchange Commission is examining whether Bank of America Corp. ran afoul of securities laws by not disclosing Merrill Lynch & Co.'s bonus plans before shareholders voted to approve the merger of the two financial firms, according to a letter the agency sent to Rep. Dennis Kucinich, D-Ohio.
A bankruptcy judge has confirmed All American Semiconductor Inc.’s third amended plan of liquidation, establishing a liquidating trustee who promptly unleashed a score of lawsuits to recover money and property for the benefit of the creditors.
A bankruptcy judge has ruled that holders of two sets of Lyondell Chemical Co. secured notes worth about $475 million are adequately protected under the company's debtor-in-possession financing, denying a motion by Bank of New York Mellon, as trustee for the noteholders, to reconsider the DIP package.
Federal regulators have settled a long-running civil suit accusing a former director of title insurer Fidelity National Financial Inc. of trading on inside information regarding the 2003 sale of online lender LendingTree Inc. to USA Interactive.
A federal judge has shot down a bid by Tyco International Ltd. to exclude certain 401(k) contributions inherited through Tyco’s mergers with other companies from plan participants’ calculation of damages in a class action that is part of multidistrict litigation alleging a massive accounting fraud.
Plaintiffs' lawyers are seeking to take home about $4.5 million, or 27.5 percent, of a settlement they reached with Warner Chilcott Ltd. over the company's alleged failure to disclose that, amid an antitrust investigation, it pulled one of its top-earning drugs from shelves just before its initial public offering.
With the bulk of its assets sold to prepetition lenders and with IdleAire Inc. operating as a going concern, debtor IdleAire Technologies Corp., which provides products and services to truckers, has asked to convert the remainder of its bankruptcy case to a Chapter 7 liquidation.