A Hong Kong-based accounting company and its chief executive officer have been ordered to cough up nearly $11 million to end a lawsuit which accused them of hacking the computer systems of at least 12 U.S. companies to get news releases early and trading on the information gleaned.
After an unsuccessful battle at the appellate level, Mike’s Train House has decided to explore the possibility of taking its long-standing trade secrets dispute against Lionel LLC to the U.S. Supreme Court.
Still wrangling over collective bargaining agreements, Dana Corp. and its two largest labor unions have asked a Manhattan bankruptcy court to give the warring parties more time to try to work out their disagreements.
The United Auto Workers union may be preparing a new proposal between it and bankrupt auto parts company Delphi Corp. over wages and benefits, which may finally overcome the biggest obstacle to Delphi’s exit from Chapter 11.
Delta Airlines subsidiary Comair Inc. was along for the ride as Delta flew out of bankruptcy protection on Monday, but the fate of the Kentucky-based airline is still uncertain.
Tower Automotive Inc. will file its reorganization plan before the end of the day Tuesday, a company spokesman said, more than two years after the bankrupt auto parts maker filed for Chapter 11 protection.
Two former Westar Energy Inc. executives are reportedly set to face a third trial for allegedly attempting to loot the company, which is Kansas’ largest public utility, after an appeals court overturned their convictions in January.
Columbia Energy LLC, one of the debtors in Calpine Corp.’s bankruptcy proceedings, filed an adversary case against South Carolina Electric & Gas Co. Monday, alleging the utility offset millions of dollars in credits owed Columbia towards prepetition claims against another debtor.
Former Tyco International Ltd. executive Edward Federman will pay over $2.65 million to settle charges of fraudulent accounting practices brought by the U.S. Securities and Exchange Commission, the SEC said Monday.
The Commodity Futures Trading Commission on Monday asked a district court to help it force McGraw-Hill Co. Inc. to give up information that may relate to an ongoing case against price-fixing in the natural gas markets.
The U.S. Supreme Court on Monday ruled that local governments can require trash haulers to dump waste at specific sites, even if they are more expensive, as long as they are public corporations, finding that so-called flow ordinances do not discriminate against interstate commerce.
Delta flew out of bankruptcy on Monday, right on schedule, bringing to an end its 19-month stay in Chapter 11.
A judge has granted conditional class certification in a lawsuit that accuses a financial services company of not paying certain employees federally mandated overtime rates.
The federal Clean Air Act has taken center stage once again, with the U.S. Supreme Court declining to hear the Bush administration’s appeal of a controversial rule that seeks to exempt older factories from certain anti-pollution controls.
Google Inc. has lashed out at Viacom Inc.’s $1 billion copyright infringement lawsuit against Google and online video forum YouTube Inc. in a court battle that could set the stage for new copyright laws in the digital era.
Though the requirements of the Sarbanes-Oxley Act have been blamed for the recent drop in the number of companies seeking to list on U.S. exchanges, a new study shows the blame may have been misplaced.
Bankrupt subprime lender New Century Financial Corp.’s official committee of unsecured creditors has made moves to investigate the company both before and after its collapse.
Puerto Rico’s largest mortgage lender has reached a settlement in the shareholder class action and derivative lawsuits filed against it, agreeing to pay $129 million to bring an end to allegations that the company defrauded investors by overstating earnings.
A district court on Friday refused to grant the dismissal of a case brought by the liquidators of two collapsed hedge funds against Banc of America Securities LLC, alleging the financial services company helped the funds’ investment manager, Beacon Hill Asset Management LLC, perpetrate a fraud against the funds’ shareholders.
A bankruptcy judge has signed off on a $26 million fee demand by lawyers and consultants advising Dana Corp. in its Chapter 11 proceedings, after a compromise was reached with the U.S. Trustee involved in the case.