The U.S. Court of Appeals for the Federal Circuit has revived a patent suit filed by water treatment company ClearValue Inc. against rival Pearl River Polymers Inc., finding that the district court's dismissal of the case and imposition of over $2.7 million in sanctions against ClearValue for concealing evidence during discovery were excessive.
Oil and gas producer Transmeridian Exploration Inc. has filed for Chapter 11 protection, citing its landlord's demand that it pay more than $600,000 in back rent and other costs.
While investors may have been impressed with the detail of the plan to buy up toxic assets in public-private partnerships, attorneys with experience in securities and financial transactions say the plan leaves a great deal to be settled. And those details will largely be settled by complex negotiations conducted by outside counsel.
A district court has tossed a declaratory judgment suit brought by Internet chat company LivePerson Inc. against patent-holding companies NextCard LLC and Marshall Credit Strategies over the validity of an online credit-card application technology patent, ruling that the court lacked jurisdiction.
Citing a reorganization last year as their main impetus for leaving, two intellectual property partners from the Austin, Texas, office of Vinson & Elkins LLP have formed their own IP boutique — poaching six of their former employer's associates and snagging the former in-house attorney for Advanced Micro Devices Inc.
Traffic Information LLC has launched infringement claims against Volvo Cars of North America LLC, as well as a slew of cell phone companies that includes AT&T Mobility LLC, Research In Motion Ltd. and Sony Ericsson Mobile Communications (USA) Inc., over a patent covering a traffic information system.
In oral arguments Monday, U.S. Supreme Court justices largely seemed unwilling to let the federal government take another shot at convicting a former Enron Corp. executive of insider trading and other fraud charges.
Boston Scientific has agreed to settle all outstanding litigation with a New Jersey radiologist, putting to rest a three-year-long patent dispute over stent products. In connection with that settlement, the company expects to record a pretax charge to earnings of $50 million in the first quarter of 2009, it said.
Attorneys general from 20 states have demanded exhaustive details about American International Group Inc.'s bonus payout process for its troubled financial products division, as many consider taking legal action against AIG under state securities fraud statutes.
Technology company AuthenTec's internal e-mails can be used in litigation by shareholders in a securities class action that accuses the company and two of its officers of artificially inflating the stock price by failing to disclose slumping sales, a judge has ruled.
A woman whose brother accepted $9 million in bribes while a U.S. Army officer in charge of awarding contracts for troop services in the Iraq War has pled guilty for her part in a money-laundering conspiracy to handle proceeds from the scheme, making her the third defendant to cop to the plot.
BackWeb Technologies Ltd. has targeted Microsoft Corp. with a suit that claims the software giant's online software update technology infringes four BackWeb patents.
Oil and gas exploration companies Crusader Energy Group Inc. and Energy Partners Ltd. have warned investors that they are short on cash and overdrawn on certain credit accounts and may be forced to file for bankruptcy protection as they continue to suffer amid reduced consumer demand and the past year’s sudden drop in energy prices.
The beleaguered chief investment officer of Stanford Financial Group Co. has sued Lloyd's of London in state court, alleging that the insurer has abandoned its duty to defend her over her alleged role in an $8 billion Ponzi scheme and asking for at least $40 million in punitive damages.
Affinity Labs of Texas LLC has reached a settlement with VAIS Technology Ltd. in a suit brought by Affinity accusing a slew of electronics makers of infringing a patent for connecting portable audio players to automobile sound systems.
Biologic drugs have recently become an intellectual property issue for lawmakers, and now they are being targeted for bioterrorism concerns, with a Republican senator unveiling a bill that aims to prevent the U.S. Food and Drug Administration from using federal funds to consider biologics license applications for products by companies that do business with terrorists.
A federal judge has ordered Mayo Energy Partners LLC to pay more than $2 million as part of an agreed dismissal of a suit brought by Sandridge Energy Inc. that accused the foreign energy company of failing to pay nearly $3 million for oil and gas exploration services performed by Sandridge.
Marking a steady drop in cases over the years, filings of intellectual property lawsuits continued to decline in U.S. district courts in 2008, according to statistical data on U.S. district and appeals courts.
As it continues to fight infringement claims by GraphOn Corp. in Texas, Juniper Networks Inc. has launched its own suit in Virginia alleging the rival company violated Juniper's transmitting data patent.
State and federal regulatory agencies told U.S. lawmakers on Friday that they had redoubled efforts to combat a surge in mortgage-related fraud, despite gaps in regulatory oversight and staffs that in some cases were stretched thin.