A district court judge has approved a settlement agreement between Israeli company Gilat Satellite Networks Ltd. and shareholders, putting to rest five years of litigation over alleged securities fraud.
A subsidiary of Swiss Reinsurance Co. on Tuesday agreed to fork over $550,000 in disgorgement and penalties to settle a short-selling suit brought by the U.S. Securities and Exchange Commission under its newly beefed-up Rule 105.
A federal judge has dismissed antitrust and breach-of-contract claims against Snapple Beverage Group Inc. and affiliates in a once-large putative class action accusing Snapple and several transshippers of price discrimination among New York-area distributors.
Famed mystery writer Mary Higgins Clark has been let off the hook in a copyright dispute with an aspiring screenwriter who accused the novelist of stealing her idea for use in one of her best-selling books.
U.S. Information Systems Inc. has attempted to block the defendants' recent bid to have its antitrust suit over competition in the New York City telecommunications installation market tossed out.
Dole Food Company Inc. has recalled bags of salad after discovering that they could be poisoned with the E. coli bacteria, triggering renewed fears almost a year after a major spinach recall.
The U.S. Securities and Exchange Commission on Tuesday defended a civil lawsuit against bankrupt Collins & Aikman and a number of its officers against the officers' motions to dismiss allegations that they misrepresented Collins & Aikman's income to defraud investors.
A derivative suit filed against insurance giant American International Group Inc. has been put on hold after a district court judge stayed the litigation pending the resolution of a similar matter in the Delaware Chancery Court.
In another move to stock Greenberg Traurig LLP's New York reorganization and bankruptcy practice with top talent, John Weiss has joined the firm as a shareholder.
A district court judge ruled Monday that the judicial branch does not have the power to rule on a lawsuit brought by the California attorney general against six of the largest U.S. auto makers over greenhouse gas emissions.
Shareholders of Tower Automotive Inc., which recently emerged from Chapter 11 protection under the leadership of Cerberus Capital Management LP, are seeking class certification in a suit brought against several of the auto company's former officers and employees.
United Airlines Corp. reached a settlement on Monday with 14 families of passengers on the ill-fated planes that crashed into the World Trade Center on Sept. 11, 2001, who had alleged that the airline had failed to take necessary measures to prevent the planes' hijacking.
An appeals court has put the New York Stock Exchange back on the hook for its alleged role in a massive trading scandal that embroiled major investment houses last year.
The official committee of equity holders has voiced opposition to Calpine's recent disclosure statement, questioning the energy company's ability to emerge from Chapter 11 under the proposed plan.
A California bill that would require labeling for cloned food products sold in stores is now waiting for a signature from Gov. Arnold Schwarzenegger, after passing both the state's House and Senate.
A group of hedge funds that owns a big stake in Le-Nature's Inc. has slammed Wachovia Corp.'s securities arm with a fraud suit that says the bank knew about and worsened the bankrupt drink company's alleged fraud, dumping its debt onto unsuspecting investors and hastening its collapse.
A judge has tossed out a lawsuit accusing Rite Aid Corp. of profiting from insider trading, ruling the drugstore chain is immune under laws banning so-called short swing sales of registered stock.
The high-profile implosion of two Bear Stearns Cos. Inc. hedge funds is shaping up to be a definitive test for the baby of U.S. Bankruptcy law: Chapter 15, a law designed for cross-border bankruptcy cases.
A federal judge has sentenced a man who allegedly swindled investors out of more than $28 million and then fled to South Korea to 87 months in prison and ordered him to cough up more than $30 million in restitution.
British Airways PLC argued on Monday that its recent settlement with the U.S. Department of Justice over price-fixing of air cargo surcharges did not mean much for civil litigation.