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.
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.
Collins & Aikman Corp. has received permission from a federal judge to offer severance packages to workers the company plans to lay off.
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.
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.
GEO Worldwide LLC has filed a lawsuit against Sony Corp., alleging Sony's DVD camcorders infringe its patents for data storage systems.
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.
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.
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.
The CEO of UnitedHealth Group has been forced out of his position by the options backdating scandal that has engulfed the company.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.