http://www.law360.com/topnews Latest articles for: Top News Copyright 2012 Portfolio Media, Inc. en-US Wed, 22 Feb 2012 19:45:12 +0000 http://www.law360.com/topnews/articles/311972 http://www.law360.com/topnews/articles/311972 Microsoft Corp. on Wednesday lodged a competition complaint with the European Commission against Motorola Mobility Holdings Inc. and its soon-to-be parent Google Inc., alleging Motorola is trying to block sales of Microsoft products that allow wireless viewing of video via the Internet. Wed, 22 Feb 2012 14:30:31 +0000 http://www.law360.com/topnews/articles/312074 http://www.law360.com/topnews/articles/312074 U.S. securities regulators on Wednesday accused two Puda Coal Inc. executives of looting their company and swindling investors by telling them they were investing in a Chinese coal business when they were actually investing in an empty shell company. Wed, 22 Feb 2012 13:28:57 +0000 http://www.law360.com/topnews/articles/311999 http://www.law360.com/topnews/articles/311999 T-Mobile USA Inc. told the Federal Communications Commission on Tuesday that Verizon Wireless' efforts to snatch up wireless spectrum licenses from Comcast Corp., Cox Communications Inc. and others for about $3.9 billion would harm competition and consumers. Wed, 22 Feb 2012 13:04:28 +0000 http://www.law360.com/topnews/articles/311971 http://www.law360.com/topnews/articles/311971 The U.S. Supreme Court on Wednesday ruled PPL Montana LLC doesn't have to pay some $49 million to Montana for operating hydroelectric plants on its riverbeds, unanimously rejecting a state court's ruling that rivers with waterfalls and other "interruptions" were navigable. Wed, 22 Feb 2012 11:54:01 +0000 http://www.law360.com/topnews/articles/311980 http://www.law360.com/topnews/articles/311980 Federal prosecutors charged a second Massey Energy Co. mine boss Wednesday with obstructing an investigation into poor safety conditions at the infamous Upper Big Branch mine in West Virginia, where an explosion in 2010 killed 29 miners. Tue, 21 Feb 2012 21:32:18 +0000 http://www.law360.com/topnews/articles/311826 http://www.law360.com/topnews/articles/311826 A New York federal judge on Tuesday tossed racketeering claims against UniCredit SpA and an affiliate in a $59 billion suit lodged by Bernard L. Madoff's bankruptcy trustee, ruling that they had been insufficiently pled. Tue, 21 Feb 2012 20:26:57 +0000 http://www.law360.com/topnews/articles/311617 http://www.law360.com/topnews/articles/311617 A California federal judge on Tuesday tossed MGA Entertainment Inc.'s $1 billion antitrust lawsuit claiming Mattel Inc. tried to sabotage its Bratz doll line, ruling that MGA's claims had already been litigated during the companies’ ongoing intellectual property war. Tue, 21 Feb 2012 19:30:08 +0000 http://www.law360.com/topnews/articles/311432 http://www.law360.com/topnews/articles/311432 The U.S. Supreme Court on Tuesday declined to review a Federal Circuit ruling that negated a $1.67 billion patent verdict against Abbott Laboratories, refusing to consider a Johnson & Johnson unit's argument that the written description requirement used by the appeals court is too unpredictable. Tue, 21 Feb 2012 16:44:10 +0000 http://www.law360.com/topnews/articles/311543 http://www.law360.com/topnews/articles/311543 The U.S. Supreme Court agreed Tuesday to hear an appeal from an unsuccessful white applicant to University of Texas at Austin who challenged the school's policy of taking race into account during the undergraduate admissions process. Tue, 21 Feb 2012 16:07:50 +0000 http://www.law360.com/topnews/articles/311481 http://www.law360.com/topnews/articles/311481 Teva Pharmaceuticals Industries Ltd. will spend roughly $270 million on suits claiming the way it packaged its anesthetic Propofol caused a hepatitis C outbreak, Teva told securities regulators Friday, revealing it had settled most of the cases in the Nevada-based litigation. Tue, 21 Feb 2012 13:33:08 +0000 http://www.law360.com/topnews/articles/311441 http://www.law360.com/topnews/articles/311441 The federal government on Tuesday dropped its vast Foreign Corrupt Practices Act case accusing more than 20 military equipment industry executives of bribing Gabonese officials to win business, ending years of unsuccessful prosecution and dealing a major setback to the U.S. Department of Justice. Fri, 17 Feb 2012 19:57:21 +0000 http://www.law360.com/topnews/articles/311153 http://www.law360.com/topnews/articles/311153 An investor launched a putative class action against Philip Falcone and his hedge fund Harbinger Capital Partners LLC on Friday, claiming they misled investors by sinking $3 billion into wireless network startup LightSquared Inc., whose conditional operating license was yanked by federal regulators Tuesday. Fri, 17 Feb 2012 18:51:55 +0000 http://www.law360.com/topnews/articles/310947 http://www.law360.com/topnews/articles/310947 A Johnson & Johnson unit recalled more than half a million bottles of Infants' Tylenol on Friday after receiving reports that part of the product's dosing device could fall into the bottle. Fri, 17 Feb 2012 16:40:38 +0000 http://www.law360.com/topnews/articles/311043 http://www.law360.com/topnews/articles/311043 A MOEX USA Corp. unit that owned a stake in the offshore well involved in the Deepwater Horizon oil spill has reached a $90 million settlement with the U.S. government and five Gulf states, agreeing to pay the largest civil penalty ever collected under the Clean Water Act, officials announced Friday. Fri, 17 Feb 2012 14:53:25 +0000 http://www.law360.com/topnews/articles/311053 http://www.law360.com/topnews/articles/311053 A Delaware bankruptcy judge gave final approval Friday to Washington Mutual Inc.'s Chapter 11 plan, capping off the bank holding company's 3 1/2-year bankruptcy stint a day after it cut a crucial deal with dissenting investors. Fri, 17 Feb 2012 13:54:28 +0000 http://www.law360.com/topnews/articles/310926 http://www.law360.com/topnews/articles/310926 The Second Circuit’s Thursday reversal of a former Goldman Sachs Group Inc. programmer’s conviction on charges he stole the firm's trading system code may hamper Wall Street’s ability to protect lucrative trade secrets under the Economic Espionage Act, attorneys said. Fri, 17 Feb 2012 13:13:54 +0000 http://www.law360.com/topnews/articles/310908 http://www.law360.com/topnews/articles/310908 An Oregon investment analyst who publicly criticized the government's crackdown on insider trading was arrested in his home Thursday on charges that he bought private information from employees of various tech companies and sold it to his hedge fund clients. Thu, 16 Feb 2012 23:23:21 +0000 http://www.law360.com/topnews/articles/310819 http://www.law360.com/topnews/articles/310819 Philip Morris USA and R.J. Reynolds Tobacco Co. on Thursday won a verdict from a Florida federal jury that found smoking was not the medical cause of injury for a Florida man whose widow claimed he had died of smoking-related lung cancer. Thu, 16 Feb 2012 21:52:16 +0000 http://www.law360.com/topnews/articles/309024 http://www.law360.com/topnews/articles/309024 MF Global Holdings Ltd.'s Chapter 11 trustee said Thursday that an investigation of transactions in MF Global Finance USA Inc.'s $25 million account at JPMorgan Chase Bank NA showed it did not contain any of the $1.6 billion in missing customer funds. Thu, 16 Feb 2012 20:52:48 +0000 http://www.law360.com/topnews/articles/310670 http://www.law360.com/topnews/articles/310670 The bankrupt Yellowstone Mountain Club LLC's former owner on Tuesday filed a $2 billion suit accusing Cushman & Wakefield Inc. and Credit Suisse Group AG of overvaluing the property and extending a $375 million predatory loan in a racketeering scheme to take over the Montana resort.