After spending nearly two years in Chapter 11, Northwest Airlines Corp. has at last emerged from bankruptcy, though not without some battle scars.
An appeals court panel has affirmed a lower court ruling against a group of nuclear power plant workers who requested pay for the time it takes to suit up and go through security procedures.
A judge has signed off on a request from the official committee of unsecured creditors of New Century TS Holdings Inc. to access documents related to the company's spiral into Chapter 11 protection.
King & Spalding LLP said Wednesday that it has brought in another top-flight intellectual property attorney, the tenth new IP partner to join the firm since September.
BP plc on Tuesday reaffirmed a motion it filed in February to dismiss a securities class action that alleges the global energy company willfully manipulated crude oil markets, saying the plaintiffs have not provided enough evidence for the case to move forward.
Looking to beef up its energy practice on the East Coast, Kirkpatrick & Lockhart Preston Gates Ellis LLP has plucked a veteran regulatory and transactional attorney from White & Case LLP.
A grand jury has indicted four Ernst & Young partners for allegedly designing tax shelters that helped wealthy clients defraud the Internal Revenue Service out of millions of dollars.
Bristol-Myers Squibb Co. pled guilty and agreed to pay a $1 million fine Wednesday for allegedly lying to the federal government about its Plavix patent deal with Apotex Corp.
Portrait Corp. of America Inc. has been hit with more attacks in its attempt to sell off its assets to Consumer Programs Inc. for $100 million, with insurers and a group of Texas counties filing objections to the bankrupt photography company’s sale bid.
Bank of America Corp. has asked a federal judge to force Enrico Bondi, the chief executive of Parmalat SpA, to turn over documents containing information about his relationship with PricewaterhouseCoopers, Bondi's expert witness in the bank's $1 billion securities countersuit against the Italian dairy king.
A group of unions involved in the Chapter 11 proceedings of auto parts maker Tower Automotive has objected to the company's disclosure statement, claiming the statement does not offer adequate information.
A federal judge on Friday denied generic drug maker Impax Laboratories Inc.’s motion to dismiss a longstanding patent dispute with AstraZeneca AB after patents for its gastric acid-inhibiting drug, Prilosec, expired.
Flight attendants in Northwest Airlines' bankruptcy case voted on and accepted a pay cut deal on Tuesday, finally giving their support to a new collective bargaining agreement that will save the airline $1.4 billion a year.
AOL LLC has agreed to a truce with insurance companies it accused of illegally refusing to cover $25 million in claims stemming from a lawsuit over its 1997 acquisition of CompuServe which the Web services company lost.
A former ING Funds Distributor LLC mutual fund salesman who asked a district court to increase the damages awarded to him in a National Association of Securities Dealers arbitration has been denied.
Heading off any threat from London to steal New York's title as the world's financial capital, Governor Eliot Spitzer has set up a task force of experts to revamp a fragmented regulatory framework governing the industry.
Attorneys for the plaintiffs in a putative securities class action against American Express Co. have asked a judge to give final approval to a hard-fought settlement deal worth more than $100 million.
Joseph Nacchio, the former head of Qwest Communications International Inc., has asked a federal district court to dismiss a group of hedge funds' complaint over his alleged role in a massive accounting fraud at the phone service provider.
A Washington utility company has won the right to appeal a decision that gave a bankruptcy court, rather than the Federal Energy Regulatory Commission, the authority to rule on whether now-defunct energy company Enron Power Manipulation should receive a $120 million termination payment.
Admitting a court error, a federal judge has reversed an earlier decision to toss out Grant Thornton's spoilation counterclaim in the Parmalat securities litigation, keeping the accounting firm's hopes of pursuing its document destruction case against the Italian dairy giant alive.