A suit against generic-drug maker Teva Pharmaceuticals over an alleged side effect of amoxicillin will be heard in Missouri state court despite an earlier removal for diversity of citizenship, a federal judge has ruled.
A week after Circuit City Stores Inc. announced it was closing 155 stores and eliminating one-fifth of its work force, the nation's second-largest electronics retailer filed for bankruptcy protection on Monday.
As discovery continues in the multidistrict litigation over Eli Lilly & Co.'s blockbuster Zyprexa, a federal magistrate judge has denied the pharmaceutical company’s request for depositions from two of Connecticut’s prominent mental health officers.
The U.S. Coast Guard has sued the owner of a barge that exploded while off-loading gasoline at an Exxon Mobil Corp. facility on Staten Island, N.Y., holding it accountable for spilling about 48,000 barrels of petrol into federal waters.
A federal judge has ordered a former IBM Corp. senior executive to immediately stop working at his new job for Apple Inc. because he might be violating a noncompetition agreement with his former employer.
Despite outside criticisms that the Securities and Exchange Commission has not been doing enough to regulate securities markets, enforcement action settlements are set to reach a three-year high, according to a new report Monday released by NERA Economic Consulting.
After a nearly yearlong battle with Mars Inc., the New York street performer known as the “Naked Cowboy” has decided to drop his trademark lawsuit against the candymaker over a Times Square ad that featured a blue M&M wearing underpants and a cowboy hat.
Struggling to avoid liquidation, bankrupt auto parts maker Delphi Corp. has asked a court for permission to extend debtor borrowing agreements and obtain an additional $300 million from beleaguered automaker General Motors Corp.
Sedgwick Detert Moran and Arnold LLP said Monday it has swallowed up the roughly 20-lawyer Florida law firm of Gordon Hargrove and James PA.
Morgan Lewis & Bockius LLP has welcomed aboard 17 energy transaction attorneys who leaped from the sinking Thelen Reid Brown Raysman & Steiner LLP, making it the latest firm to absorb a slew of Thelen's lawyers.
When President-elect Barack Obama convened his 17 top economic advisers Nov. 7, two former high-level U.S. Securities and Exchange Commission officials with a reputation for strict enforcement took the stage behind him.
With a newly minted administration under President-elect Barack Obama set to sweep into Washington promising more regulation and increased enforcement actions in several sectors, is the era of the crusading state attorney general over? Not necessarily, according to attorneys who monitor federal regulations.
As the U.S. Treasury Department takes flak from lawmakers over its management of the government's bailout program, questions abound over just what direction an Obama administration could take a Treasury that now comes with broad new authority to command a $700 billion rescue plan.
The surprise passage of a highly controversial proposition to ban same-sex marriage in California has prompted a legal challenge to the state's highest court, potentially leaving employers vulnerable to sticky situations in the workplace while the validity of previously performed gay marriages hangs in the balance, lawyers say.
Sandler O'Neill & Partners LP will pay $3.5 million to settle alleged securities law violations arising from its role as an underwriter in the initial public offering for failed commodities broker Refco Inc.
The U.S. Securities and Exchange Commission's director of the division of corporate finance has announced he will be leaving the agency at the end of the year, a departure that may signal the start of a post-election turnover at the SEC.
The operators of a building located across the street from the World Trade Center site have sued a host of companies including the Port Authority of New York and New Jersey, Consolidated Edison Co. of New York and American Airlines Inc. to recoup at least $50 million in costs for remediating the property.
President-elect Barack Obama will have a chance to bring his avowed commitment to change to bear when he appoints a new commissioner for the U.S. Food and Drug Administration, an agency that drew criticism for ineffectiveness and letting political considerations trump science during the Bush administration.
A federal judge refused to dismiss the multidistrict antitrust litigation against several vitamin C manufacturers after ruling that the dispute over whether the Chinese government had compelled the formation of the alleged cartel required further discovery.
DLA Piper said Monday it has hired veteran securities litigator Christopher “Kip” Hall as a partner in the firm's New York litigation group.