Simmering antipathies between Chevron Corp. and the country of Ecuador are nearing a boil now that Ecuador's prosecutor general has reportedly indicted two of the company’s longtime attorneys involved in a dispute over environmental liabilities.
Google Inc.'s proposed advertising partnership with Yahoo Inc. faces mounting scrutiny, with California Assemblyman Joel Anderson confirming Friday that almost a dozen states are examining the deal.
Virgin Atlantic Airways Ltd. has accused rivals American Airlines Corp. and British Airways PLC, which are seeking regulatory approval for a commercial alliance on trans-Atlantic flights, of providing regulators with data that understates their potential market share in flights between London's Heathrow Airport and the U.S.
A federal bankruptcy judge closed the book on Fortunoff Fine Jewelry and Silverware LLC's Chapter 11 proceedings Thursday.
Faced with growing threats from climate change, companies need to rethink their directors and officers liability insurance policy and disclosure practices, experts say.
The U.S. Securities and Exchange Commission’s chief New York enforcement attorney is leaving the agency next month in order to return to private practice at Gibson Dunn & Crutcher LLP, the SEC announced Thursday.
Litigation stemming from the subprime mortgage mess has surpassed the record number of suits filed in the wake of the savings-and-loan debacle of the early 1990s, a study has found.
Oil- and gas-drilling outfit Boom Drilling Inc. sought Chapter 11 protection on Monday, in a move that comes against the backdrop of a dispute with secured lender Laurus Master Fund Ltd., which Boom says tried to sell off the company's assets.
Two New York-based heart surgeons are seeking a temporary injunction to prevent a colleague from reassigning two operating room slots to his practice at Westchester Medical Center pending the outcome of their antitrust case.
A bankruptcy judge has ordered the U.S. Department of Justice's trustee program to enlist an examiner to investigate possible fraud in the trading strategy of SemGroup LP, the bankrupt oil distributor whose liquidity problems have raised the eyebrows of the company's creditors and regulatory agencies.
The U.S. attorney for the Southern District of New York has asked a judge to approve a stipulation that would resolve $420 million in environmental proofs of claim that the government filed in bankruptcy court against Dana Corp. in exchange for about $125 million in allowed general unsecured claims against the auto parts maker.
Bank of America Corp. has agreed to buy back about $4.5 billion in illiquid auction rate securities from the bank's customers nationwide as part of a settlement with the commonwealth of Massachusetts.
Officers of Washington Mutual Inc. who have been accused of securities fraud in a purported shareholder class action will get a second chance to have the suit dismissed, now that a federal appeals court has remanded the case for reconsideration of whether the plaintiffs properly pled their claim.
A federal judge has consolidated four putative Employee Retirement Income Security Act class actions against Lehman Brothers Holdings Inc., but he has refused to appoint a lead plaintiff and has derided the jockeying among the plaintiffs' attorneys for control of the case.
McDermott Will & Emery LLP's restructuring and insolvency group in New York City is one attorney stronger after Geoffrey Raicht joined the firm as a partner on Monday from a seven-year stint at Sidley Austin LLP.
Deutsche Bank Securities Inc. agreed on Wednesday to pay a $575,000 fine for violations of NYSE Arca short-selling rules, the largest fine levied so far in a short-selling case involving the New York Stock Exchange.
A Fannie Mae investor is taking four of the company's ousted top executives to task for allegedly concealing the beleaguered mortgage giant's financial troubles in a proposed class action filed the day after the government's historic takeover.
In an effort to bulk up its presence in key capital markets, Bingham McCutchen LLP has landed a veteran bankruptcy partner to co-lead its global financial restructuring practice in New York.
An appeals court has removed the barriers blocking a securities class action filed against Merck & Co. Inc. related to disclosures the drug company made about the pain medication Vioxx, allowing shareholders to pursue their claims.
Financial services firm Edward D. Jones & Co. LP has agreed to pay $7.5 million to settle a lawsuit filed by the state of California alleging securities fraud related to mutual fund revenue-sharing practices, the company said Monday.