The national health care practice of Houston-based Fulbright & Jaworski LLP is beefing up with the addition of six lawyers, including two partners, who are joining the firm’s St. Louis office.
Senator Chuck Grassley painted the growing scandal over stock options backdating as a threat to American values Wednesday at a U.S. Senate Finance Committee hearing on backdating and executive compensation.
Backdating of options issued to executives cost shareholders a stunning 8% per share, or almost $500 million on average for the companies involved, a recent university research paper concludes.
Water-filter maker 3M has sprayed subsidiaries of Clorox Co. and retailer Sears Roebuck & Co. with a lawsuit, claiming they violated two of its patents covering a cartridge-based water purification and filtration system.
A federal judge has dismissed a class action lawsuit that accused Visteon Corp. and four top executives of defrauding shareholders out of billions of dollars.
Biotech companies Applied Biosystems Group and Promega Corp. have settled outstanding legal disputes, the companies said on Tuesday. But they declined to elaborate on the disputes or the terms of the settlement.
Wachovia Securities LLC has become the latest investment bank to be accused of not paying overtime wages after Wachovia employees filed a suit against the brokerage late last week.
Proving that its optimism was well-founded, Belgian biotechnology company Innogenetics N.V. has been handed a victory in its long-running battle with Abbott Laboratories over a hepatitis C virus genotyping patent.
Just a week after the world’s top insurance broker, Marsh & McLennan Cos., announced that it had received a nod from New York Attorney General Eliot Spitzer to relax limitations on accepting contingent commissions, London insurance broker Willis Group Holdings Ltd. said it has struck a similar deal.
A group of Qwest Communications International Inc. call center workers have filed a class action lawsuit against the company, alleging they were not paid for overtime and weren’t allowed to take work or meal breaks.
Brokerage firm Edward D. Jones & Co. will pay $127 million to settle nine class action lawsuits filed against the firm over allegedly questionable revenue-sharing practices.
Embattled auto parts manufacturer Dana Corp. must shell out a whopping $12.6 million to a slew of law firms and companies that have aided the company throughout its Chapter 11 proceedings.
Federal prosecutors have settled a controversial religious discrimination case against the state of Ohio and a union over employees’ right to refuse paying fees to unions whose policies conflict with their personal beliefs.
IBM Corp. will once again face an age-discrimination lawsuit filed by a slew of former employees, after a federal appeals court ruled Thursday that the computer giant’s employment agreements don’t free it from the litigation.
Three nursing unions have filed a lawsuit seeking to stop the transfer of a not-for-profit hospital’s behavioral medicine services unit to a health care company that will force the current nurses to reapply for their jobs.
Snubbing creditors of Tower Automotive Inc., a federal bankruptcy judge on Wednesday gave the green light to an unusual settlement between the bankrupt auto parts maker and two of its unions to cut labor costs.
Auto parts supplier Collins & Aikman Corp. announced Wednesday that it filed a reorganization plan calling for its emergence from court protection as a stand-alone company.
Securities and Exchange Commission Chairman Christopher Cox is scheduled to testify next week at a hearing on stock option backdating.
A Canadian court has frozen the assets of Conrad Black and his wife, Barbara Amiel Black, forcing the former media mogul and his socialite wife to make do with a lackluster allowance of $20,000 a month, according to a source familiar with the court order.
Telecommunications giant Sprint Nextel Corp. reached a settlement Thursday with two defendants in its patent infringement lawsuit over Voice over Internet Protocol (VoIP) technology, according to a company statement.