Wireless communications provider Leap Wireless International Inc. has struck a $13.75 million deal to resolve a putative securities class action accusing it and several executives of making misrepresentations and omissions that inflated its stock price and ended up costing investors hundreds of millions of dollars.
In a reversal, California's high court has determined that under state law, companies that allow employees to take paid time off when they are sick need not let them use paid sick leave to care for ill family members.
The telecommunications equipment provider Alcatel-Lucent reportedly has agreed to pay €93 million ($126 million) to end investigations into alleged bribery in several countries.
With at least one expert estimating that Toyota Motor Corp. could be on the hook for up to $5 billion in legal claims, now is the time for the beleaguered carmaker to put together a litigation strategy that could minimize the damage resulting from its mass recalls, experts said.
The federal government has objected to the European Union's bid to impose at least $311 million in tariffs against the U.S. over its use of zeroing in calculating anti-dumping duties, sending the dispute to arbitration before the World Trade Organization.
A federal judge has dismissed fraud and other claims leveled against Bank of America Corp. by two special purpose entities created specifically for a failed $300 million purchase of stock in Parmalat SpA's Brazilian unit.
Microsoft Corp. and Yahoo Inc. have received the green light from U.S. and European antitrust officials to move forward with their search advertisement partnership, which is intended to take on search engine ad leader Google Inc.
GlaxoSmithKline PLC has decided to voluntarily pull its zinc-containing lines of Poligrip denture cream from the market and stop all advertising and manufacture of the creams, as suits pile up in the multidistrict litigation over neurological problems from excessive zinc levels caused by denture products.
Ezra Merkin has lost a bid to dismiss New York Attorney General Andrew Cuomo's lawsuit alleging his investment company Gabriel Capital Corp. funneled funds into pal Bernard Madoff’s Ponzi scheme.
A New Jersey state court jury has smacked drugmaker Hoffmann-La Roche Inc. with a $25.2 million dollar verdict in a case brought by a man who claimed the acne drug Accutane was responsible for the inflammatory bowel disease that led to the loss of his colon.
Japan Airlines Corp. received a U.S. bankruptcy court's blessing Wednesday to enter Chapter 15, which will protect the company's American assets and limit its exposure to U.S. litigation as it undergoes restructuring efforts in its home country.
The former Bank of America Corp. general counsel who was terminated five days after shareholders approved the company's merger with Merrill Lynch & Co. Inc. was let go not because of his job performance but to stop Brian Moynihan — then the head of global corporate and investment banking and now the company's CEO — from leaving, the U.S. Securities and Exchange Commission claims.
Toyota Motor Corp. is reportedly reviewing complaints of power steering problems with its popular Corolla model to determine whether a recall is necessary, just weeks after recalling more than 2.3 million cars in the U.S. because of unintended acceleration.
A unit of United Parcel Service Inc. has agreed to fork out $12.8 million to settle a wage-and-hour class action launched by a group of the company's drivers.
The federal courthouse in Manhattan is slated to be the scene of a showdown Thursday over a proposed settlement that would allow Google Inc. to create a massive digital library — a deal that has raised significant antitrust and intellectual property concerns.
A panel of judges at the U.S. Patent and Trademark Office has affirmed the rejection of one claim of Pfizer Inc.'s Viagra patent, saying it was anticipated by oral administration of the Chinese herb yin yang huo, otherwise known as horny goat weed.
JSC Alliance Bank, Kazakhstan's sixth-largest bank, has filed for bankruptcy protection in the United States, listing more than $1 billion in estimated liabilities and making it the second major Kazakh financial institution to seek Chapter 15 protection this month.
Arkansas has struck an $18.5 million settlement in its suit against Eli Lilly & Co. over the alleged off-label promotion of schizophrenia drug Zyprexa, the state's attorney general announced Tuesday.
The U.S. Department of Transportation has tentatively granted antitrust immunity for the Oneworld Alliance and proposed allowing British Airways PLC, American Airlines Inc. and Iberia LAE SA to jointly manage some routes between the U.S. and Europe as long as the carriers give up some slots at London's Heathrow Airport.
The European unit of Lehman Brothers Holdings Inc. has sued its German affiliate in a Frankfurt court to recover $1 billion in client funds it claims it deposited with Lehman Brothers Bankhaus AG before it became insolvent.