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  • July 19, 2010

    Jennifer Convertibles Eases Into Ch. 11

    Home furnishings purveyor Jennifer Convertibles Inc. has filed for Chapter 11 bankruptcy protection and announced an agreement with foreign supplier Haining Mengnu Co. Ltd. Group to convert a portion of its prepetition debt into common equity of the company so it can remain in business.

  • July 19, 2010

    Calif. Appeals Court Strikes Union Picketing Law

    A California appeals court on Monday declared unconstitutional two state laws that prevent courts from enjoining union picketing on private property, siding with Ralphs Grocery Co. in a dispute with a grocers union.

  • July 19, 2010

    Intel May Agree To Marketing Changes In FTC Deal

    Intel Corp. has reportedly reached a preliminary settlement with antitrust authorities at the Federal Trade Commission that will require the technology giant to extend the product marketing changes it agreed to under a November settlement with Advanced Micro Devices Inc. to graphics chips.

  • July 19, 2010

    Skadden Reps Nokia Siemens In $1.2B Motorola Buy

    Nokia Siemens Networks BV agreed to pay $1.2 billion to buy most of Motorola Inc.'s wireless network infrastructure Monday in a move that will boost the Finnish-German telecommunications joint venture's presence in Japan and the U.S.

  • July 16, 2010

    Tech Info Group Wins $1.5M In Punitive Damages

    A California state jury granted $1.525 million in punitive damages Friday to Technology Information Group, adding to the $9.36 million in compensatory damages it awarded to the company a day earlier in a trade secrets dispute with its former employees and a competitor.

  • July 16, 2010

    Apple Offers Free Cases To Fix IPhone Signal Problem

    Days after Consumer Reports took a dim view of Apple Inc.'s iPhone 4, CEO Steve Jobs said Friday that the company would offer consumers a free plastic "bumper" case to deal with problems with the phone's antenna and offered a refund to those still unsatisfied with the device.

  • July 16, 2010

    Schottenfeld Trader Cops To Insider Trading Charges

    A proprietary trader at Schottenfeld Group LLC has pled guilty to conspiracy and securities fraud charges as part of the widespread probe centered on insider trading at the Galleon Group LLC hedge funds.

  • July 16, 2010

    Madoff Investor's $12.8M JPMorgan Suit Tossed

    A federal judge has dismissed MLSMK Investments Co.'s lawsuit seeking to hold JPMorgan Chase & Co. responsible for the loss of its $12.8 million investment in Bernard L. Madoff's infamous Ponzi scheme.

  • July 16, 2010

    5 Ways To Stave Off Punitive Damages

    Bank-account-busting punitive damages awards are a client's and a defense attorney's nightmare when facing a high-stakes lawsuit. But there are a few easy steps that can help ward off disaster, lawyers said.

  • July 16, 2010

    $2.3M Dole Verdict Nixed Over Atty Fraud, Tampering

    A California court has thrown out a $2.3 million jury award against Dole Food Co., determining purported Nicaraguan banana farm workers who sued the company may have lied about being affected by pesticides the company used in the 1970s.

  • July 16, 2010

    Elan Inks $204M Deal In Zonegran Off-Label Probe

    Irish drugmaker Elan Corp. PLC has said it will pay $203.5 million and plead guilty to a misdemeanor criminal charge to settle a federal investigation into its sales and marketing practices for the epilepsy drug Zonegran.

  • July 16, 2010

    Canada Charges 28 More In Quebec Gas Cartel Probe

    Canada's antitrust enforcer has accused 25 more individuals and three additional companies of fixing the price of gasoline sold at the pump in the second wave of criminal charges in the Quebec cartel probe.

  • July 16, 2010

    DOJ Demands More Info On $3.1B Mirant, RRI Tie-Up

    Mirant Corp. and RRI Energy Inc. have revealed that the U.S. Department of Justice wants more information on their planned $3.1 billion merger, which would create one of the largest independent power producers in the U.S.

  • July 15, 2010

    SEC Deal May Be Setback For Goldman Plaintiffs

    The U.S. Securities and Exchange Commission's record settlement with Goldman Sachs Group Inc. over a mortgage-based investment vehicle rigged to fail has pulled the rug from under plaintiffs pursuing private civil suits against the investment bank, experts say.

  • July 15, 2010

    Filmmaker Told To Give Chevron Ecuador Footage

    A filmmaker has been ordered to give Chevron Corp. copies of outtakes of a movie documenting the legal fight between the energy giant and a group of Ecuadoreans seeking $27 billion for alleged environmental damage.

  • July 15, 2010

    Goldman Deal Promises Credibility Boost For SEC

    The U.S. Securities and Exchange Commission's $550 million settlement with Goldman Sachs Group Inc. could go a long way toward restoring the agency's tarnished reputation and demonstrating its newfound aggressiveness, attorneys say.

  • July 15, 2010

    Goldman To Pay $550M To End Abacus Fraud Suit

    Goldman Sachs Group Inc. will pay an unprecedented $550 million and reform its business practices to settle charges that it misled investors about the prospects of a complex subprime mortgage investment product just as the U.S. housing market began its collapse, federal securities regulators said Thursday.

  • July 15, 2010

    House Panel OKs Overhaul Of Offshore Drilling Agency

    A U.S. House of Representatives panel on Thursday approved a bill that would replace the former Minerals Management Service with three new entities and ban federal oil and gas safety inspectors from working for certain energy companies for two years.

  • July 15, 2010

    GSK Ponied Up $2.4B In Legal Charges In 2nd Quarter

    GlaxoSmithKline PLC has disclosed a whopping £1.57 billion ($2.36 billion) legal charge tied to product liability and antitrust settlements over its troubled drugs Paxil and Avandia, revealing for the first time a £500 million settlement over allegations that the company had produced defective Paxil in a now-closed Puerto Rico factory.

  • July 15, 2010

    Lawyers Push For Top Spots In Avandia MDL

    Plaintiffs lawyers in the sprawling litigation against GlaxoSmithKline PLC over its diabetes drug Avandia have pushed for lead and class counsel positions, saying their third-party payor and government clients' claims wouldn't be covered by the drugmaker's proposed settlements.