Oil and gas firm Stone Energy Corp. has been sued by investors for allegedly using fraudulent accounting practices to inflate the value of its “proven” oil reserves.
The Securities and Exchange Commission has reached a $25 million settlement with a company it probed for allegedly defrauding thousands of terminally ill patients by manipulating their life insurance policies.
Merrill Lynch & Co. has been roped into the wide-ranging investigation of alleged conflicts of interest in the pension fund consulting industry, after receiving a subpoena from the Securities and Exchange Commission.
When once-high flying law firm Brobeck, Phleger & Harrison fell victim to the burst of the telecom bubble and shut its doors in 2003, over a thousand attorneys were left jobless. While the collapse left many shocked, Akin Gump Strauss Hauer & Feld saw an opportunity and scooped up the fallen California firm’s securities litigation practice group.
Only a day after a judge threw out the settlement agreement between Blackberry maker Research in Motion Ltd. and NTP Inc., the U.S. Patent and Trademark Office has rejected one of the five patents at the center of the dispute.
In a stinging blow to the Securities and Exchange Commission in its legal onslaught against former HealthSouth Corp. chief Richard M. Scrushy, a judge has rejected the SEC’s amended complaint in the billion-dollar fraud case for lacking specificity.
The U.S. Securities and Exchange Commission, stepping up its policing of the lightly regulated $8 trillion hedge fund industry, has sued a money manager that controlled $200 million at one time but lost most of those assets while hiding debt.
Research In Motion has been dealt another blow in its ongoing battle with NTP over patents for its BlackBerry handheld device, with a judge throwing out a $450 million settlement between the two companies reached in March.
Tiny electric engine maker Solomon Technologies Inc., whose patent infringement suit against auto giant Toyota stalled due to troubles financing the litigation, will proceed after the company secured funds to continue pressing its case.
A patent lawsuit over a printing feature for lucrative scratch-off lottery tickets was settled Monday in Canada, with the final terms of the agreement hinging on related litigation pending in the United States.
A U.S. joint replacement manufacturer will be forced to take its new technology for knee joint repair off the market after its larger British rival Smith & Nephew PLC won a preliminary injunction in federal court.
In a surprise move, the U.S. Supreme Court decided Monday to hear the appeal of online auctioneer eBay Inc., which is trying to avoid a damaging permanent injunction against its “buy-it-now” feature by e-commerce technology company MercExchange LLC.
New York state Attorney General Eliot L. Spitzer will not seek criminal charges against Maurice R. "Hank" Greenberg, the former head of insurance giant American International Group Inc., his office has confirmed.
With nearly one million patent applications pending at the U.S. Patent and Trademark Office, the agency appears unable to keep up with steadily increasing demand and patent complexity, causing its leaders to concede some long-term goals may have been too ambitious.
Generic drug maker Mylan Pharmaceuticals Inc. failed to show the active ingredients in its version of epilepsy drug Depakote are identical to Abbott Laboratories’ original version as required by U.S. Code, according to a federal patent infringement lawsuit filed by Abbott recently.
Dissatisfied with a sentence imposed by a California court on former CEO Henry Yuen, Gemstar TV-Guide has asked Florida prosecutors to investigate the $248 million accounting fraud allegedly orchestrated by Yuen during his tenure with the company.
A patent attorney's invention that was purchased by a holding company and asserted against Amazon has been rejected by the Federal Circuit as invalid.
Although a judge dismissed Korean electronics maker Samsung’s patent infringement suit against Rambus, Samsung has found another way to take on the rival chip maker in court.
The Securities and Exchange Commission has entered a final judgment against a Florida financial services company and its president, who the Commission alleges failed to supervise an agent who defrauded investors of $15.5 million.
Business software maker MicroStrategy Inc. has garnered a partial victory in its ongoing battle against rival Business Objects SA, with the Federal Circuit reversing a lower court’s ruling that had tossed out MicroStrategy’s employment agreement over intellectual property.