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  • September 28, 2007

    Hydro-Quebec Targeted In Market Manipulation Probe

    The U.S. Federal Energy Regulatory Commission on Wednesday ordered a probe into Hydro-Quebec, Canada's largest electric utility, in response to a complaint alleging the company manipulated energy markets in New York.

  • October 2, 2007

    Katten Launches New York Bankruptcy Practice

    Katten Muchin Rosenman LLP has decided to bring out one of the big guns from its Chicago office to help establish and build a bankruptcy practice in New York in preparation for the next wave of Chapter 11 filings.

  • September 27, 2007

    Judge Allows Comverse CEO's Defenses To Survive

    A New York federal court judge gave a mixed ruling to a federal regulator's attempt to toss defenses submitted by Jacob “Kobi” Alexander, the former Comverse Technologies Inc. CEO accused of pocketing almost $138 million from illegally backdated options.

  • September 27, 2007

    Creditors Get Behind Solutia Plan

    Bankrupt chemical company Solutia Inc. said Wednesday that it has gained the support of all the major parties in its Chapter 11 case and plans to file a revised reorganization plan and disclosure statement soon.

  • September 27, 2007

    Congress Mulls Overtime For Home Workers

    Following a U.S. Supreme Court decision earlier this year, bills that would extend overtime and minimum wage protections to home health care workers have been introduced in both the U.S. House of Representatives and the U.S. Senate.

  • September 28, 2007

    Judge Tosses Complaints In GPU Price-Fixing Case

    A federal judge has chucked the direct and indirect purchasers’ complaints in the multidistrict litigation accusing chip makers of price-fixing for graphics processing units, but refused to free Advanced Micro Devices Inc. from the litigation.

  • September 28, 2007

    Student Loan Bill Cuts Subsidies To Lenders

    Though he first opposed it, on Thursday President George W. Bush approved a law that will remove roughly $20 billion in government subsidies to student-loan companies, and will use the windfall to halve interest rates on government-subsidized student loans and to increase Pell Grant scholarship money by $11.4 billion.

  • September 27, 2007

    House Dem Sides With CFTC Over FERC

    A Democratic chairman of a congressional subcommittee on Wednesday entered the turf war between the Federal Energy Regulatory Committee (FERC) and the Commodities Futures Trading Commission (CFTC), arguing that a 2005 law did not alter CFTC's mandate to take the lead in regulating U.S. energy futures markets.

  • October 17, 2007

    Congress, Courts Wrestle With Contractor Definition

    Should a worker be an employee or an independent contractor? With government officials and class action lawyers showing increased interest in rooting out companies that misclassify workers as independent contractors, the question is becoming a hot-button issue for employers around the country.

  • September 28, 2007

    Judge OKs $200M Delphi-GM Warranty Claims Deal

    A federal judge has reportedly given the green light to a $200 million settlement that will lay to rest a long-running dispute between Delphi Corp. and General Motors Corp., its former parent and largest customer, over warranties for parts the bankrupt auto parts maker supplied to GM.

  • September 27, 2007

    Airlines Tangle With Plaintiffs Over Briefing Schedule

    Non-U.S.-based plaintiffs who have filed suits against airlines have asked a New York federal court to set their briefing schedules apart from other plaintiffs in consolidated class action litigation over air cargo pricing.

  • September 27, 2007

    Mattel Wants Stay As Ruling On Consolidation Nears

    Mattel Inc. asked a judge to halt a putative $5 million product-liability class action over alleged lead-tainted toys in New York federal court as the case awaits potential consolidation with ten others into a single piece of multidistrict litigation.

  • September 27, 2007

    Verizon Workers Parry Objections To A Quick Appeal

    Verizon Information Systems Inc. employees who sued the company for allegedly making illegal deductions from their wages and failing to pay overtime continue to fight for a final judgment that would let them immediately appeal the claim on deductions.

  • September 27, 2007

    Nationwide Mutual Insurance Faces Collective Action

    Nationwide Mutual Insurance Co. has been slapped with a collective and class action lawsuit alleging the company broke the law by misclassifying its special investigators as exempt from state and federal wage and hour laws, and denying them benefits including overtime pay and meal and rest breaks.

  • September 27, 2007

    Orthopedic Cos. Pay $311M To End Kickback Probe

    Four leading orthopedic implant companies have agreed to pay a total of $311 million following a U.S. government investigation into kickbacks in the hip and knee replacement industry, the U.S. Attorney for the District of New Jersey said Thursday.

  • September 28, 2007

    Title VII Suit "Without Merit": Bloomberg LP

    Bloomberg LP insisted on Friday that a lawsuit filed against it by the U.S. Equal Employment Opportunity Commission, which alleges that the news and financial services titan demoted and slashed the pay of female employees after they announced pregnancies and took maternity leave, is baseless.

  • September 28, 2007

    Bombay Company On Fast Track To Sell Assets

    One week after the Bombay Company Inc. slipped into Chapter 11 protection, a federal judge has put the home furnishing retailer's bankruptcy case on a fast track by signing off on its bid to sell its business in the next two weeks.

  • September 26, 2007

    Dietary Supplement Maker's Antitrust Suit Tossed

    Wellnx Life Sciences Inc. took a blow on Wednesday when a district court judge tossed its claims that a rival sports dietary supplement maker and a bodybuilding magazines publisher illegally cooperated to exclude and debilitate competitors.

  • September 26, 2007

    More Defendants Added To Vitamin C Suit

    A federal judge ruled Tuesday that the plaintiffs in a multidistrict antitrust case against Chinese vitamin C makers could file a second amended complaint that includes two new defendants.

  • September 26, 2007

    Antitrust Claims V. Wal-Mart, Circuit City Dismissed

    A New York federal judge has tossed federal class action claims filed against Wal-Mart Stores Inc. and Circuit City Stores Inc. alleging the retailers passed on the costs of excessive debit card fees to consumers.