A bankruptcy judge has thwarted Wachovia Bank NA’s efforts to pursue a breach of contract and tortious interference suit against a Delphi Corp. employee, extending the bankrupt company's protection against lawsuits to the employee.
A potential class of U.S. shareholders has joined Swiss reinsurer Converium Holding AG in opposing a $2.56 billion hostile takeover by French rival Scor SA.
A Manhattan district judge has dismissed a derivative lawsuit against executives at Estée Lauder Companies Inc., ensuring the group won’t be forced to pay the skin care giant’s costs in ongoing insider trading litigation.
A federal appeals court has rejected Vonage Holdings Corp.’s claim that a patent infringement victory for rival Verizon Communications Inc. should be vacated because of a recent landmark ruling from the U.S. Supreme Court.
Pepper Hamilton LLP has lured a seasoned employee benefits and executive compensation lawyer to round out its employee benefits practice team.
An infusion of cash from private equity firm Cerberus Capital Management LP will fund Tower Automotive Inc.’s exit from bankruptcy by the end of July, a Tower spokesman said Thursday.
New York State Attorney General Andrew Cuomo on Thursday disclosed a probe of college alumni associations, marking a new strategy in his efforts to put a stop to deceptive practices in the student loan industry.
Brokerage A.G. Edwards & Sons will pay $3.86 million to settle allegations that it failed to supervise brokers who engaged in illegal market timing.
A federal judge has thrown out a purported class action that attempted to block the proposed regulatory merger between the National Association of Securities Dealers Inc. and NYSE Group Inc.
Google Inc. and Belgian newspaper publishers have made some headway in their copyright dispute after the publishers allowed the Internet search engine to link to their Web sites.
Less than three months after a bankruptcy judge ordered Bear Stearns Corp. to repay the estate of Manhattan Investment Fund Ltd. more than $159 million for overlooking fraudulent money transactions, the firm has asked a district court to reverse the decision, saying it would have “dramatic repercussions” for the entire securities industry.
A federal judge has dismissed claims against a former Refco Inc. executive and three banks from a class action filed on the heels of Refco's collapse.
On the heels of emerging from bankruptcy, Delta Air Lines has doled out 14 million new company shares and $130 million in cash payments to about 39,000 nonunion employees and 1,000 midlevel managers as part of a cash-and-stock compensation package.
An electronic labeling company has sounded a legal alarm against a Japanese rival for allegedly infringing a patent for tiny microchips used for inventory management and tracking.
A bankruptcy judge has come down on the side of Solutia Inc. in an ongoing legal battle between the chemical company and a group of bondholders that filed an adversary proceeding after the status of their $450 million claim was changed from secured to unsecured.
Continuing to boost its intellectual property practice, Goodwin Procter LLP has snagged an IP litigator from Morgan & Finnegan LLP.
Bankrupt subprime lender New Century Mortgage Corp. has cut down the number of executives who will benefit from the company’s bankruptcy bonus plan, in an effort to appease critics who called the plan excessive.
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.