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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.