Roche International Ltd. has hit Credit Suisse Group AG with a lawsuit in the U.S. alleging the bank's brokers fraudulently invested more than $545 million of the Swiss drugmaker's funds into risky auction rate securities.
In a move that may help clear the antitrust hurdles from Microsoft Corp. and Yahoo Inc.’s proposed 10-year search advertising partnership, the top four advertising giants have rallied around the deal and urged U.S. regulators to approve it.
As advocates and lawyers continue to debate the significance of the U.S. Supreme Court's headline-grabbing District of Columbia v. Heller decision in June 2008, the high court has accepted another contentious gun control case that could clear up a question the Heller case didn't answer — whether the Second Amendment applies to states and municipalities.
A federal jury has ordered Exxon Mobil Corp. to pay $105 million in compensatory damages for contaminating New York City's groundwater with the gasoline additive methyl tertiary-butyl ether.
The high court in Massachusetts has paved the way for a putative class of Marlboro smokers to sue Philip Morris USA Inc. to pay for medical monitoring to detect lung cancer in its early stages.
The U.S. Court of Appeals for the Fifth Circuit has revived a mass tort that accuses dozens of oil and chemical companies of adding to the ferocity of Hurricane Katrina through their emissions of greenhouse gases, a decision that comes less than a month after the Second Circuit breathed new life into a similar mass tort.
Mylan Inc. and several other pharmaceutical companies will pay a combined sum of $124 million to settle allegations that they bilked state Medicaid programs of millions of dollars by improperly classifying certain drugs for rebate purposes.
Lundbeck A/S and Forest Laboratories Inc. will have to pay Infosint SA a $15 million reasonable royalty award now that a federal jury has ruled that Infosint's patent for making the antidepressant citalopram is valid.
The U.S. Court of Appeals for the Second Circuit has overturned a lower court's dismissal of an antitrust case alleging that Ferring Pharmaceuticals Inc. and Aventis Pharmaceuticals Inc. conspired to keep generic drugs off the shelves by fraudulently acquiring a patent for diabetes drug DDAVP.
An arduous path may await the increasing number of female attorneys looking to return to work after taking time off to care for family, but many will be able to use their flexibility on pay and hours as a way in the door, experts said.
A federal court has levied a record $1.3 billion criminal fine — the largest ever imposed in the U.S. — against Pfizer Inc. subsidiary Pharmacia & Upjohn Co. Inc. for fraudulently misbranding its anti-inflammatory drug Bextra.
A U.S. International Trade Commission staff recommendation has said chip maker Nvidia Corp. and 16 other respondents infringe patents held by Rambus Inc. for memory controllers related to graphics processors.
A federal judge has dismissed a public nuisance lawsuit brought by the tiny Alaskan village of Kivalina against 24 energy and utility giants, breaking from a federal appeals court's take on whether companies can be held liable for historic greenhouse gas emissions that contribute to global warming.
Reassuring the secondary loan market, the New York Court of Appeals has issued a ruling clarifying the limits of the state's arcane champerty law, ruling that the age-old law with roots in medieval Europe was not designed to curb the ability of buyers of distressed debt to enforce their rights through litigation and collect on a legitimate claim.
The Alabama Supreme Court has overturned two jury decisions awarding the state nearly $275 million from three pharmaceutical companies, which the state accused of ripping off its Medicaid program by fraudulently inflating the price of their prescription drugs.
Many associates are wondering whether they will be getting bonuses at all as 2009 draws to a close, and while firms may be tempted to hold on to their dollars, they would be wise to hand out at least some financial tokens of gratitude, according to legal experts.
Sens. Sheldon Whitehouse, D-R.I.; Patrick Leahy, D-Vt.; and Jeff Sessions, R-Ala., have introduced a new bill to clean up the administration and efficiency of the federal court systems.
Exxon Mobil Corp. is off the hook for punitive damages in a lawsuit brought by the city of New York over contamination of Queens' groundwater by gasoline additive methyl tertiary-butyl ether.
Sens. Jeanne Shaheen, D-N.H., and David Vitter, R-La., have introduced legislation intended to keep brand-name pharmaceutical makers from delaying competitors' attempts to roll out generic alternatives by giving generics makers an expedited approval path for labeling changes.
A federal judge has ruled that Verizon Wireless does not need a public performance license for the songs it provides as ring tones to customers, granting the cell phone service provider summary judgment in its copyright dispute with the American Society of Composers, Authors and Performers.