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  • August 6, 2007

    Class Certified In Strand Board Price-Fixing Case

    A judge has certified a pair of trimmed-down classes in a price-fixing lawsuit against Weyerhaeuser, Georgia-Pacific and the other main North American producers of oriented strand board.

  • August 6, 2007

    HSBC Bank Tries To Quash ERISA Evidence

    SBC Bank and Getzler Henrich & Associates LLC have sought to prevent expert testimony and to limit the admissibility of evidence suggesting that they owe wages and pension plan contributions to the plaintiffs.

  • August 6, 2007

    Workers Oppose Verizon's Request To Stay 911 Case

    Office cleaners and asbestos workers currently suing Verizon of New York Inc. for health problems caused by cleaning the Verizon building after the World Trade Center attacks have protested the telecommunication company's request for a stay in their proceedings.

  • August 6, 2007

    Judge Drops Case Against PwC In Bisys Fraud Action

    A judge has upheld the dismissal of securities fraud claims against auditors PricewaterhouseCoopers LLP by shareholders of investment firm Bisys Group Inc., denying the plaintiffs' bid for what he called a “second bite of the apple.”

  • August 6, 2007

    Deloitte Surrenders Millions To Adelphia Trustees

    Deloitte & Touche has agreed to fork over a whopping $167.5 million to the so-called Adelphia Recovery Trust, attempting to put to rest allegations of impropriety connected to its role as auditor for the fallen cable giant.

  • August 6, 2007

    YouTube Copyright Suit Picks Up Steam, Plaintiffs

    Publishing groups and sports leagues—including the National Music Publishers' Association, the largest such organization in the United States—are lining up in support of the putative class action against YouTube and its parent Google Inc.

  • August 6, 2007

    American Home Pushed Into Ch. 11 By Suits, Losses

    American Home Mortgage Investment Corp. filed for Chapter 11 Monday on the heels of enormous losses and shareholder suits last week. In so doing, it became the first of the non-subprime lenders to be pushed into bankruptcy by the growing market crisis.

  • August 6, 2007

    Kids' Jewelry, Mostly From China, Poses Lead Hazard

    Hundreds of thousands of children's jewelry tainted with lead are still being sold around the United States, despite the federal government's two-year long effort to treat the threat, and the source seems to be concentrated mainly in China.

  • August 7, 2007

    NLRB Tosses Trade Union Suit Against Indeck Energy

    A lawsuit brought by construction trades unions alleging an energy company breached a contract to employ only union labor on a power plant project has been dismissed by the National Labor Relations Board, almost 14 years after it was filed.

  • August 6, 2007

    U.S. Energy Mulls $9M Offer To Buy Unit

    Facing mounting financial troubles, U.S. Energy Systems Inc. is mulling a $9 million offer from Silver Point Finance LLC to buy subsidiary U.S. Energy Biogas Corp., less than three months after the renewable energy unit emerged from bankruptcy.

  • August 6, 2007

    Appaloosa Defends Securities Claims Against Qwest

    Hedge fund Appaloosa Investment LP has fought back against KPNQwest, which has been accused of selling worthless securities by misrepresenting its finances, filing a response denouncing Qwest's motion to dismiss the claim.

  • August 6, 2007

    Sears Wants Kmart Real Estate Fraud Case Tossed

    Sears Holding Corp. is asking a judge to dismiss a securities class action alleging that top officers of Kmart Corp., now a part of Sears, knew but did not disclose the true value of its real estate—a move that concealed the value of the company.

  • August 6, 2007

    DOE Seeks To Push Deadline For Boiler Energy Rules

    The U.S. Department of Energy has asked a federal court judge to give the government more time to establish new energy conservation standards for residential furnaces and boilers after states and public interest groups which sued the department to set a deadline have initially refused an extension request.

  • August 6, 2007

    J&J, Merck Appeal Pepcid Invalidity Ruling

    Johnson & Johnson and Merck & Co. have appealed a district court ruling that threatened to jeopardize the pharmaceutical giants' patent protection for popular over-the-counter heartburn drug Pepcid Complete.

  • August 6, 2007

    Paul Weiss Wins Severance Spat With Citi Honcho

    A federal judge has tossed ex-Citigroup broker David Trautenberg's suit against Paul Weiss Rifkind Wharton & Garrison LLP over an alleged conflict of interest that cost him the hefty severance he had been expecting.

  • August 3, 2007

    Delphi Wins Approval For $2.55B Investment Pact

    The court in charge of Delphi Corp.'s Chapter 11 proceedings has given its blessing to a deal under which a group of investors led by Appaloosa Management LP will put as much as $2.55 billion into the bankrupt auto parts maker, a development the company is touting as a key step towards emerging from bankruptcy.

  • August 3, 2007

    Group Launches FOIA Request Re FINRA

    An advocacy group for NASDAQ members wants to compel some documents related to the creation of the Financial Industry Regulatory Authority (FINRA) as part of its continued opposition to the brand-new self-regulatory organization for companies that trade on the NASDAQ and New York Stock Exchange.

  • August 3, 2007

    EC Keeps An Eye On German Subprime Crisis

    U.S.-based lenders are not the only firms hit hard by the recent subprime mortgage crisis. German bank IKB Deutsche Industriebank AG has been bailed out by three other government-owned banks after disclosing that an investment in U.S. subprime loans may result in €8.1 billion loss, the banks announced Thursday.

  • August 3, 2007

    Citigroup Call Workers File Overtime Suit

    CitiGroup Inc. on Thursday was hit with its third purported class action lawsuit this year alleging unpaid overtime, this time on behalf of employees working in its call centers.

  • August 3, 2007

    Winston & Strawn Adds Partner To Its IP Practice

    A former intellectual property partner at Nixon Peabody has joined Winston & Strawn, a move he thinks will grow his practice before the U.S. International Trade Commission.