SoutheastRSS

  • July 6, 2006

    Hospitals Rail Against Medicaid Citizenship Law

    As a new law requiring Medicaid recipients to prove U.S. citizenship continues to come under fire, several hospital trade groups across the nation are seeking to soften the blow on low-income individuals who may not be able to provide the required documentation to receive critical care.

  • July 5, 2006

    Allied Adds To DIP Loans

    Allied Holdings Inc. has received bankruptcy court permission to add $30 million to its debtor-in-possession financing, the company said on Friday.

  • July 5, 2006

    Wachovia Forks Over $25M In Research Scandal

    Two years after a widespread crackdown on dishonest research analysts, Wachovia Capital Markets LLC has agreed to shell out $25 million to settle state regulators' charges of conflicts of interest between the company's research and investment banking operations.

  • June 30, 2006

    Verizon Calls County On Antitrust Violations

    Verizon Communications has stuck a Maryland county with an antitrust lawsuit, claiming that the county is blocking the company from entering its market to compete with Comcast.

  • June 30, 2006

    Jones Day Gives Scrushy A Break On Legal Fees

    Richard M. Scrushy, who was found guilty on Thursday in a bribery scheme, has been dealt a softer blow in a separate spar with Jones Day, his former counsel, with the firm voluntarily dismissing its case against the former HealthSouth Group CEO over unpaid legal bills.

  • June 30, 2006

    Auto Parts Supplier Fights Ticking Clock

    Auto-parts supplier Collins & Aikman Corp. is seeking its fourth extension for filing its Chapter 11 plan, citing a large and complex bankruptcy case and the potential sale of pieces of its business.

  • June 30, 2006

    Boeing To Pay Record $615M To Quell DOJ Probe

    The Boeing Company will pay $615 million to settle U.S. Department of Justice probes into allegations that Boeing illegally obtained and used competitors' information to win contracts worth billions of dollars from NASA and the Air Force.

  • June 30, 2006

    Deloitte & Touche To Pay $24M To Settle Securities Suit

    A federal judge has given preliminary approval to a settlement agreement in which Deloitte & Touche LLP will pay $24 million to end a class action securities suit stemming from the firm’s alleged role in the accounting fraud at Symbol Technologies Inc. that led to the restatement of company revenues, expenses and earnings from 1998-2001.

  • June 29, 2006

    No Help For Google In French Trademark Appeal

    A Parisian appeals court has upheld a controversial trademark infringement ruling against the French unit of Internet search giant Google Inc.

  • June 29, 2006

    Scrushy, Former Governor Guilty Of Fraud and Bribery

    Former HealthSouth Group CEO Richard M. Scrushy and former Alabama governor Don Siegelman were found guilty on Thursday in a bribery scheme in which Scrushy doled out $500,000 to Siegelman’s re-election campaign to gain a seat on a state regulatory board.

  • June 29, 2006

    New Medicaid Rules Inspire Class Action Suit

    A law requiring Medicaid recipients to prove U.S citizenship has prompted a proposed class action lawsuit, which claims that new documentation requirements are unconstitutional, and that the new requirements—slated to go into effect on July 1—will deny some of society’s neediest members access to Medicaid.

  • June 29, 2006

    Winn-Dixie Files Reorganization Plan

    Winn-Dixie Stores Inc. could emerge from Chapter 11 protection as soon as late October, with enough financing to open new stores and invest in the more than 500 stores it already has, according to a reorganization plan filed Thursday.

  • June 29, 2006

    Ex-Hedge Fund Manager Slapped With More Charges

    Initially indicted on only one count of mail fraud, former hedge fund manager Kirk Wright has now been hit with an additional 24 charges connected to the disappearance of over $100 million from investment vehicle International Management Associates.

  • June 29, 2006

    Allied Holdings Eyes New DIP From Hungry Investor

    Insolvent Allied Holdings Inc. has asked a bankruptcy court to approve a $130 million amended debtor-in-possession loan so the auto hauler can pay off earlier debt and maintain operations.

  • June 29, 2006

    Greenberg Traurig's IP Group Grows In Silicon Valley

    Greenberg Traurig is continuing its quest to become a major player in Silicon Valley, hiring the fourth new IP partner in the Valley office in the past year.

  • June 29, 2006

    Silicon Valley Counsel: Oracle's Roger Kennedy

    For a large high-tech company, enterprise software maker Oracle Corp. has managed to stay remarkably clear of IP litigation. But in-house counsel Roger Kennedy nevertheless has a bone to pick with “patent trolls” that have targeted the high-tech industry.

  • June 28, 2006

    NFL Players Throw Suit At League, Union

    Seeking to recover $20 million, a group of current and former National Football League players have sued the league and its union, demanding that the entities be held liable for the losses they suffered at the hands of hedge fund manager Kirk Wright.

  • June 28, 2006

    Google Sued Over 3-D Mouse Technology

    After reaping settlements and damage awards from a slew of computer device companies, a small patent-holding firm has set its sights on Google Inc., accusing the Internet search giant of infringing a patent for scrolling-mouse technology.

  • June 28, 2006

    Vehicle Auctioneers Settle Patent, Antitrust Claims

    Two U.S. vehicle auctioneers have resolved a dispute over patent infringement allegations fueled by an online auction system and alleged antitrust violations in the vehicle auction market.

  • June 28, 2006

    Powerhouses Morgan Stanley and Perelman Face Off

    Lawyers for investment banking powerhouse Morgan Stanley asked a Florida appeals court Wednesday to overturn a verdict that would force it to pay mogul Ron Perelman $1.58 billion.