AstraZeneca PLC agreed Tuesday to pay $5.5 million to the U.S. Securities and Exchange Commission to settle claims it violated the Foreign Corrupt Practices Act through improper payments by overseas sales staff to state-controlled health care providers in China and Russia.
The U.S. Securities and Exchange Commission granted a $22.4 million award to a former Monsanto Co. financial executive for reporting alleged accounting fraud around the agribusiness giant's Roundup weed killer, a lawyer for the whistleblower said on Tuesday.
The “vast extent” of Quinn Emanuel Urquhart & Sullivan LLP’s improper disclosures of a confidential expert report and breaches to a protective order in a smartphone patent and trade battle between Apple Inc. and Samsung Electronics Co. call for an official reprimand, the International Trade Commission said Tuesday.
Apple has been ordered to pay up to €13 billion ($14.5 billion) in back taxes, plus interest, to Ireland after the European Commission found the software giant had received illegal state aid, according to a statement released Tuesday.
Courts may find the use of color in a product’s packaging to be “inherently distinctive” for trademark purposes only if specific colors are combined with a well-defined pattern, shape or design, the Tenth Circuit held Monday in a published opinion involving the packaging for a Colorado company’s metalworking products.
Mondelez International has abandoned its pursuit of The Hershey Co., the company said Monday, after determining that its efforts to acquire the chocolate maker have become futile.
The Ninth Circuit on Monday tossed a suit brought by the Federal Trade Commission accusing AT&T Mobility LLC of illegally slowing internet service to unlimited data customers, determining that the telecommunications giant is a common carrier exempted under the FTC Act.
Barclays PLC's former global head of its foreign exchange spot business should be fined $1.2 million and banned from the banking industry after using chat rooms with competitors to manipulate the market, the Federal Reserve Board said Monday.
A former Chicago transportation official convicted of accepting bribes from a notorious city contractor was sentenced to 10 years in prison Monday by an Illinois federal judge who said the scheme was the latest to chip away at public trust in the city.
Andrews Kurth LLP has snapped up the attorneys who remained at struggling intellectual property boutique Kenyon & Kenyon LLP, the firm said Monday, in a deal that brings 55 additional intellectual property attorneys into the fold of the Houston-based international law firm.
Mylan NV will be releasing a $300 generic for its epinephrine injector EpiPen in the next few weeks, the company said Monday following harsh public scrutiny about the ever-increasing price of the emergency allergy medication.
HSBC Card Services Inc. has agreed to pay $13 million to resolve a consolidated proposed class action accusing the company of unlawfully recording debt-collection calls without the consent of consumers, according to documents filed Friday in California federal court.
The future of retailer Aeropostale appeared in doubt on Friday after the company’s attorney said it has received multiple bids to liquidate the business and a New York judge refused its request to limit leverage of lender Sycamore Partners, which Aeropostale accused of forcing it into Chapter 11, at an upcoming auction.
A California federal judge on Thursday denied Donald Trump's bid to stop two marketing and real estate education experts from testifying in a class action over the advertising strategies of the defunct, for-profit company Trump University, finding the presidential candidate’s arguments unpersuasive.
An Illinois bankruptcy judge on Friday rejected pleas by Caesars' indebted operating unit to protect the casino behemoth from four creditor lawsuits that have been on hold for months, saying that he wouldn't extend the stay beyond its Aug. 29 cutoff date.
The Delaware bankruptcy judge presiding over Energy Future Holdings Corp.’s bankruptcy gave his OK on Friday to the first phase of the power giant’s Chapter 11 exit, allowing the company to spin off its major operating unit in what is hoped will be a mostly tax-free transaction.
U.S. Citizenship and Immigration Services issued a proposed rule on Friday that would allow immigrant startup founders to receive temporary permission to be in the country, otherwise known as “parole,” setting the stage for a new potential way for foreign entrepreneurs to build companies in the U.S.
PricewaterhouseCoopers LLP has reached a midtrial settlement of claims brought by the trustee for Taylor Bean & Whitaker Mortgage Corp. that the accounting giant allegedly made possible a $5.5 billion fraud at the bankrupt mortgage lender, an attorney for the trustee said Friday.
A Tennessee federal judge on Thursday tossed a copyright infringement suit against singers Brad Paisley and Carrie Underwood over their song “Remind Me,” saying the 2011 chart-topper doesn’t steal a hook from a songwriter.
A Florida jury on Thursday found R.J. Reynolds Tobacco Co. not liable in an $8 million trial over a mother's lung cancer death, saying that either she was not addicted to cigarettes or that the addiction wasn't the cause of her death.
The tension between practicing law and managing the firm is giving way to the realization that the latter had been largely overlooked, meagerly funded, and often underappreciated, says Dr. James Bailey, a professor at George Washington University School of Business and the keynote speaker at the Legal Marketing Association Southeast conference in September.
As technology has advanced, the ways in which attorneys communicate with clients, potential clients, former clients and the public has created new and ill-defined issues relating to whether an attorney-client relationship exists. Attorneys Elizabeth Fitch and Theodore Schaer discuss the often nebulous yet hazardous concepts that could lead to malpractice issues.
By understanding four common reasons why law firm business development initiatives fail, we can more accurately define success, avoid pitfalls, and improve return on investment, says Adam Donovan, senior manager of patent business strategy at Fish & Richardson PC.
Highly successful attorneys who are thinking about leaving the safe haven of a large law firm to go out on their own face a number of issues specific to the legal profession. Russell Shinsky, chairman of Anchin Block & Anchin LLP's law firms industry group, shares four pillars of a successful startup law firm.
As advances in technology continue to push law libraries in a more complex direction, many law firms are still making structural mistakes. Fahad Zaidi, senior consultant at HBR Consulting, notes five common pitfalls that law firms should be wary of when developing their libraries.
I worry too many law students see the priorities of BigLaw in tension with a meaningful commitment to pro bono work, making them reluctant to ask questions in interviews about pro bono opportunities and a firm’s commitment to its community. This needs to change, says Skadden partner and former White House legal adviser Michael Scudder.
Agreeing to arbitration clauses can be complicated because you may risk locking in a factually incorrect judgment. Merril Hirsh and Nicholas Schuchert of Troutman Sanders LLP explain the mechanics of the Federal Arbitration Act and how to ensure you find the right arbitration laws for your case.
The imminent green light for foreign firms to get into India’s market will be a bellwether of law firm behavior. The impulse to follow the crowd into the new frontier will be great, but smart firms will take a long hard look at who they are before making the passage to India, says Mark A. Cohen, an adjunct professor at Georgetown Law School and founder of Legal Mosaic LLC.
The Freddie Gray case and the U.S. Supreme Court ruling regarding former Virginia Governor Robert McDonnell demonstrate how the government replaces juries, eliminating an important community decision maker and a check on governmental power, says Professor Suja Thomas of the University of Illinois College of Law.
Because there will never be enough free lawyers to satisfy demand from low-income Americans, we need to leverage technology to allow the legal expertise of one lawyer to reach hundreds or thousands of clients at once, say Jonathan Petts and Rohan Pavuluri, co-founders of startup nonprofit Upsolve.