MidwestRSS

  • October 18, 2006

    Wachovia Securities Sued For Overtime Pay

    Two former stock brokers with Wachovia Securities have filed a proposed class action lawsuit against the company, accusing it of failing to properly compensate brokers and financial consultants for overtime hours.

  • October 18, 2006

    Judge Delays Ruling On Mesaba Strike

    Postponing a standoff between beleaguered Mesaba Aviation Inc. and its unions, a bankruptcy judge has delayed making a decision on whether Mesaba employees may strike, while still refusing to grant Mesaba permission to make pay cuts.

  • October 18, 2006

    Court Allows Collins & Aikman Severance Packages

    Collins & Aikman Corp. has received permission from a federal judge to offer severance packages to workers the company plans to lay off.

  • October 18, 2006

    Medical Device Maker Claims Patent Suit Botched

    Cook Biotech Inc. has asked a federal court in Indiana to declare that a product used to reinforce suture lines doesn’t infringe a patent held by rival medical device maker Synovis Life Technologies Inc., following what Cook Biotech contends was a botched lawsuit in which Synovis named the wrong defendant.

  • October 18, 2006

    GE Sues Over Hospital Information-System Patents

    Industrial conglomerate General Electric Co. has filed a patent infringement lawsuit against a small medical imaging company for allegedly infringing its patents for hospital information-management systems.

  • October 17, 2006

    Sony Sued Over DVD Camcorders

    GEO Worldwide LLC has filed a lawsuit against Sony Corp., alleging Sony's DVD camcorders infringe its patents for data storage systems.

  • October 17, 2006

    Kraft Hit With Proposed Class Action

    Kraft Foods Global Inc. has been hit with a proposed class action suit accusing the world’s second largest food and beverage company of breaching its fiduciary duties by failing to reign in fees and expenses levied against one of its retirement plans.

  • October 17, 2006

    Grassley Calls For Improved Hedge Fund Disclosure

    The chairman of the U.S. Senate Finance Committee sent a letter Monday to the secretaries of the Department of Labor and Department of the Treasury and the chairman of the Securities and Exchange Commission, calling for greater transparency in the hedge fund industry.

  • October 17, 2006

    Class Action To Proceed Against St. Jude Medical

    A federal judge has granted class action status to a lawsuit brought by more than 11,000 people who received one of St. Jude Medical Inc.’s allegedly defective Silzone heart valves.

  • October 16, 2006

    UnitedHealth CEO Ousted Over Options

    The CEO of UnitedHealth Group has been forced out of his position by the options backdating scandal that has engulfed the company.

  • October 17, 2006

    Construction Firm Settles Race Discrimination Suit

    An Ohio construction company accused of illegally firing black carpenters and replacing them with inexperienced latino workers has settled a race discrimination lawsuit filed by the U.S. Equal Employment Opportunity Commission.

  • October 16, 2006

    J&J Unit Keeps Generic Cos. At Bay Over Risperdal

    Blocking two proposed generic versions of an antipsychotic drug, a New Jersey district court has affirmed the validity and enforceability of a Johnson & Johnson unit’s patent for Risperdal.

  • October 16, 2006

    Eli Lilly Hit With Another Suit Over Zyprexa

    Eli Lilly & Co. has been hit with another lawsuit over it schizophrenia drug, Zyprexa, adding to the pharmaceutical company’s legal woes over one of its top-selling drugs.

  • October 13, 2006

    Union Withdraws Securities Suit Against Cintas Corp.

    In the latest development in a long-running battle between trade union UNITE HERE and a uniform manufacturer it’s trying to unionize, the union has withdrawn a securities lawsuit it had filed against Cintas Corp., a move that came on the heels of the court denying the union’s motion for a preliminary injunction.

  • October 13, 2006

    Tower Auto Considering Stock Rights Offering

    Tower Automotive Inc. said in court documents filed Thursday that it has been unable to meet financial targets and is contemplating a stock rights offering.

  • October 13, 2006

    Class Action Status Given To Tyson Illegal Hiring Suit

    Workers who have beef with Tyson Foods Inc.’s hiring illegal immigrants and depressing wages won a victory on Tuesday when a federal judge gave a wage suit against the company class action status.

  • October 13, 2006

    Microsoft Tries To Force Attorney Off Antitrust Case

    Attorneys for Microsoft Corp. have asked a judge to remove the lead attorney in one of several antitrust class actions the company faces, saying she lied and obtained stolen property that belongs to the computer software manufacturer.

  • October 13, 2006

    Insurance Organization Opposes Zurich Settlement

    A proposed class settlement that came out of Zurich Financial Services’ alleged bid-rigging scandal is being challenged by a national trade association, which feels small and medium insurance agents will suffer unfair adverse effects.

  • October 12, 2006

    Judge: Paper Trail Suspicious In Motorola Sex Bias Suit

    A sex discrimination suit against Motorola Inc. took a peculiar twist on Tuesday, when a federal judge wrote in his ruling that top executives at the cell phone company may have constructed a “paper trail” to justify the firing of a high-ranking female executive.

  • October 12, 2006

    FICO Credit Score Company Sues Credit Agencies

    The company behind the widely used FICO credit score rating, Fair Isaac Corp., has stuck three national credit reporting agencies with an antitrust lawsuit over the launch and marketing of a similar credit scoring model.