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  • June 14, 2010

    House Panel Probes Wyeth Off-Label Allegations

    The House Committee on Oversight and Government Reform has opened an investigation into claims that Wyeth Pharmaceuticals Inc. targeted blacks in an illegal off-label marketing scheme for kidney transplant drug Rapamune.

  • June 14, 2010

    Blockbuster In The Market For $150M DIP Loan

    Blockbuster Inc. is reportedly seeking new loans, including up to $150 million in debtor-in-possession financing, to smooth out its finances and possibly prepare for a Chapter 11 filing.

  • June 14, 2010

    Supreme Court To Hear Matrixx Zicam Securities Case

    The U.S. Supreme Court has agreed to take up the question of whether drug companies have to disclose all reports of adverse events linked to a particular drug to shareholders, in a case accusing Matrixx Initiatives Inc. of concealing from investors reports claiming that the cold medication Zicam caused users to lose their sense of smell.

  • June 11, 2010

    Ex-Rothstein COO Pleads Guilty In $1.2B Ponzi Scheme

    The former chief operating officer of defunct Florida law firm Rothstein Rosenfeldt Adler PA pled guilty Friday for her role in disgraced former attorney Scott W. Rothstein's $1.2 billion Ponzi scheme.

  • June 11, 2010

    ITC To Review Apple's IPhone, IPad In HTC 337 Suit

    The U.S. International Trade Commission voted Friday to proceed with a Section 337 investigation into whether Apple Inc.'s imports of iPhone, iPad and iPod products infringe five of HTC Corp.'s patents covering hardware and software used in portable electronic devices.

  • June 11, 2010

    Law360 Picks Most Innovative Managing Partners

    When times are tough, the tough get going. Or in the case of Law360's most innovative managing partners, they kick open doors, blaze trails and figure out ways for their firm to not only survive but thrive in a time of crisis.

  • June 11, 2010

    Casey's Accuses Couche-Tard Of Pump, Dump Scheme

    Casey’s General Stores Inc. is fighting back against the $1.9 billion hostile takeover bid made by Alimentation Couche-Tard Inc., accusing the Canadian convenience store chain in a lawsuit of engaging in an “egregious market manipulation scheme” to deflate the price of Casey's.

  • June 11, 2010

    SEC Settles With Trader In Watley Squawk Box Suit

    The U.S. Securities and Exchange Commission has reached a settlement with a securities trader accused of participating in a so-called squawk box insider trading scheme at A.B. Watley Group Inc.

  • June 11, 2010

    Congress OKs Bill To Pay Oil Spill Claims Up To $100M

    The U.S. House of Representatives has sent President Barack Obama a bill that would authorize the advance payment of claims of up to $100 million each from the Oil Spill Liability Trust Fund for companies, agencies and individuals affected by the ongoing BP PLC oil spill.

  • June 11, 2010

    RIM, Motorola Lay Down Swords In Patent War

    BlackBerry maker Research In Motion Ltd. and Motorola Inc. announced a deal Friday to end their bitter, long-running feud in federal courts and the U.S. International Trade Commission over RIM's alleged infringement of a range of Motorola patents.

  • June 10, 2010

    SEC Strikes At Alleged $300M Gold Mine Ponzi Scheme

    Federal regulators on Thursday pounced on an alleged $300 million Ponzi scheme run by the owners of Syndicated Gold Depository SA and numerous associates, including two Florida attorneys, that duped thousands of investors in a sham gold mining operation.

  • June 10, 2010

    Jury Indicts Money Manager Starr On 22 Fraud Counts

    A federal grand jury has indicted Kenneth Ira Starr, a financial adviser to numerous celebrities and high-net-worth individuals, on 22 criminal fraud charges and one count of money laundering associated with an alleged $59 million scheme to siphon funds away from his clients.

  • June 10, 2010

    Senate Rejects Bid To Block EPA Emissions Rules

    The U.S. Senate on Thursday rejected a resolution that would have blocked the U.S. Environmental Protection Agency from regulating greenhouse gas emissions under the Clean Air Act, though more challenges to the agency's authority may be on the way.

  • June 10, 2010

    Antitrust Regulators May Probe Apple App Ad Policy

    U.S. antitrust authorities are reportedly considering a probe into whether Apple Inc.'s ad policies for applications designed for its popular iPhone, iPod and iPad devices unfairly limit Google Inc. and other rival technology companies' access to that advertising market.

  • June 10, 2010

    Taiwan LCD Giant Charged In $500M Price-Fixing Scam

    A federal grand jury in San Francisco has returned a superseding indictment against AU Optronics Corp., charging the Taiwanese thin-film transistor liquid crystal display panel producer, a U.S. subsidiary and six executives with participating in a $500 million price-fixing scheme.

  • June 10, 2010

    SEC Adopts Circuit Breaker Rule For S&P 500 Stocks

    The U.S. Securities and Exchange Commission said Thursday that stock exchanges and the Financial Industry Regulatory Authority will have to develop a circuit breaker mechanism for stocks in a bid to prevent a repeat of the wild stock market gyrations of May 6.

  • June 10, 2010

    GE Recalls 181,000 Washers For Fire, Shock Risk

    General Electric Co. is pulling roughly 181,000 front-loading washing machines from the market due to potential fire and shock hazards, the company and the U.S. Consumer Product Safety Commission announced Thursday.

  • June 10, 2010

    SEC Puts Another Goldman CDO Under Spotlight

    The U.S. Securities and Exchange Commission is reportedly ramping up a probe into another complex mortgage-backed deal crafted by Goldman Sachs Group Inc., on the heels of a civil suit filed against the financial giant in April over a separate agreement.

  • June 9, 2010

    Fed. Circ. To Rehear Rambus Shredding Cases

    The U.S. Court of Appeals for the Federal Circuit has ordered a rehearing of arguments in two semiconductor patent cases involving Rambus Inc., which was accused of improperly destroying documents prior to the litigation.

  • June 9, 2010

    Senate Committee Approves Auto Safety Bill

    In the wake of Toyota Motor Corp.'s recalls over faulty break systems, a U.S. Senate committee on Wednesday approved a bill that would require carmakers to meet new safety standards and would double funding for the federal agency overseeing automobile safety.