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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
A federal judge has signed off on the stipulated dismissal of Nuvio Corp. from a lawsuit brought by VoxPath Networks Inc. over a patent covering Voice Over Internet Protocol technology, making Nuvio the fourth defendant to exit the infringement dispute.
A Texas state court judge erred when he dismissed a lawsuit Signature Management Team LLC brought alleging Alticor Inc. unit Quixtar Inc. used its power over the individual contractors that sell its products to stifle the plaintiff's business, an appeals court has ruled.
A judge has dismissed a suit against Nintendo of America Inc. and Microsoft Corp., putting to rest a long-running infringement battle brought by a patent-holding company over joysticks used with gaming consoles.
Another bill to create a regulatory process for the U.S. Food and Drug Administration to approve generic versions of biologic drugs was introduced in the U.S. House of Representatives on Tuesday that features some stark differences from a competing bill introduced last week.
BlackBerry maker Research In Motion Ltd. has fired back with counterclaims in a suit filed by Visto Corp. over alleged infringement of several patents, asserting that Visto already admitted that some of the patents were invalid in past litigation.
Whipstock Services Inc. has settled an infringement suit it filed against Key Energy Services Inc. over a patent that relates to wellbore window milling, and last week filed suits against Schlumberger Ltd. and Smith International Inc. over the same patent.
Brandishing the Bilski test, Jackson Hewitt Tax Service Inc. is seeking to invalidate rival H&R Block Tax Services Inc.'s patents related to the preparation of taxpayer refunds, and has urged the court to stay the litigation while considering the eligibility of the three patents-in-suit.
The city of Miami on Friday escalated its fight with State National Insurance Co. over certain contract requirements, filing a countersuit that named the insurer as a defendant in connection with underlying wrongful conduct liability lawsuits against city police officers.