Capital One Bank USA NA on Thursday agreed to pay $10 million to a proposed class of credit card holders to resolve claims that it promoted its credit card services as offering low fixed annual percentage rates and then later abruptly increased them.
A former Sigma Corp. executive at a Federal Trade Commission price-fixing trial Thursday denied having anti-competitive sentiments toward a Sigma competitor when it reached a deal with McWane Inc. to sell domestic iron products, despite internal company memos focused on undercutting the rival.
The National Football League went on the offensive Wednesday to keep its coverage battle over football players' brain injury suits in California, telling a New York court that Alterra America Insurance Co. had no standing to add nearly 30 insurers to its complaint a week after the NFL targeted them in California.
The Washington Supreme Court ruled Thursday that the state's 2006 expansion of its anti-discrimination law to include sexual orientation cannot be applied retroactively, but that preamendment incidents can support claims for a hostile work environment that continued after the change took effect.
An Indiana federal judge on Tuesday threw out bankrupt Heartland Memorial Hospital LLC's malpractice suit over McGuireWoods LLP's supposedly bad advice during a leveraged buyout, finding no evidence the law firm had agreed to take the hospital on as a client.
In a settlement that was approved Thursday by the California Public Utilities Commission, AT&T Mobility LLC, Sprint Telephony PCS and Verizon Wireless will pay a total of $12 million to resolve allegations over their roles in the 2007 Malibu Canyon wildfire triggered by fallen utility poles.
A Maryland federal judge overseeing a legal challenge by federal employees to a new insider trading law on Thursday agreed to temporarily block enforcement of the purportedly intrusive bill requiring thousands of U.S. officials to publicly disclose information about their financial transactions.
The Fourth Circuit on Thursday refused to revive a putative class action accusing Dollar Tree Stores Inc. of underpaying female managers, saying the statute of limitations for the plaintiffs' Title VII claims kept running after they tried to add them to a parallel Equal Pay Act suit.
The U.S. House of Representatives passed a stopgap spending bill Thursday, keeping the government running for six more months while sidestepping a partisan divide that has blocked various appropriations bills from moving ahead in Congress.
The Federal Circuit on Thursday refused to reconstrue a data-over-cable patent to Rembrandt Technologies LLP's liking, upholding the dismissal of its infringement claims in a multidistrict litigation against Comcast Corp., Time Warner Cable Inc. and other cable companies.
Husch Blackwell LLP has bolstered its environmental and natural resources practice group by adding a former Patton Boggs partner to its Washington, D.C., office, the firm said Tuesday.
DLA Piper took flak Thursday from two Republican House members who asked the law firm to think twice about its work with ZTE Corp., saying the Chinese telecommunications equipment company's efforts to snag a larger chunk of the U.S. market pose a threat to cybersecurity.
Several banking groups accused American International Group Inc. on Wednesday of trying to rewrite the Edge Act, and urged the Second Circuit to reject the company's bid to return its $10 billion mortgage-backed-securities suit against Bank of America Corp. to state court.
A House committee on Thursday advanced a measure to block the U.S. Department of Health and Human Services from pursuing changes to the welfare program, a signal Republicans will use the administration's rulemaking procedures to fight federal agency actions they don't like.
A longtime Chadbourne & Parke LLP mergers and acquisitions and capital markets partner with a career-long focus on Latin America has joined Milbank Tweed Hadley & McCloy LLP as a partner in New York, Milbank said Wednesday.
Global law firm Squire Sanders has bolstered its environmental practice with the addition of a former Hunton & Williams LLP partner experienced in product liability and the implementation of California's unique environmental regulations, it said Thursday.
A Wisconsin federal judge tossed a $52 million patent infringement verdict in favor of Promega Corp., ruling Wednesday that the biotechnology company hadn't shown that the allegedly infringing Life Technologies Corp. gene testing products or their components were made in or imported to the U.S.
A maker of the beef trimmings referred to by critics as "pink slime" launched a $1.2 billion defamation lawsuit in South Dakota on Thursday against American Broadcasting Cos. Inc. and journalist Diane Sawyer, claiming their news reports about the product imperiled its business.
A Texas federal judge on Thursday sentenced the former chief investment officer for Stanford Financial Group to three years in prison for obstructing a government investigation of the firm's $7 billion Ponzi scheme.
A lawyer formerly with defunct Dallas firm Jenkens & Gilchrist PC pled guilty Thursday in New York federal court to helping wealthy clients evade taxes in a wide-ranging scheme that defrauded the government of more than $100 million.
Following the U.S. Supreme Court's decision in Caraco Pharmaceutical Laboratories Ltd. v. Novo Nordisk A/S, it seems likely that counterclaims alleging overbroad use codes will be raised in Paragraph IV litigations where the use code does not precisely reflect the claimed method of use, say attorneys with Fenwick & West LLP.
In Bayer Schering Pharma AG v. Sandoz Inc., the Federal Circuit has affirmed a district court's holding that generic drug makers could not infringe patent claims where a U.S. Food and Drug Administration-approved drug had not been approved for the other claimed uses. In this case, it was not enough that the FDA had approved marketing materials promoting the use of the contraceptive Yasmin for noncontraceptive effects, say attorneys with Duane Morris LLP.
In light of the California Supreme Court's Brinker decision, employers should take steps to ensure that their meal and rest break policies are compliant — though, absent proof of a specific employer policy or classwide practice that makes timely, off-duty meal periods unavailable, plaintiffs should have difficulty obtaining class certification of meal-period claims in the future, say Leslie Abbott, Jeffrey Wohl and Holly Lake of Paul Hastings LLP.
The Consumer Financial Protection Bureau's recently proposed rules to increase accountability and transparency in the mortgage servicing industry draw heavily on the National Servicing Standards and, given the broad enforcement powers of the CFPB, have significant implications for mortgage servicers, say Jeffrey Spigel and Peter Todaro of King & Spalding LLP.
2012 is shaping up as a year of bankruptcy first impressions for the Ninth Circuit. The court has sailed into uncharted bankruptcy waters twice already this year in the same Chapter 11 case — In re Thorpe Insulation Co., say attorneys with Jones Day.
As the Second Circuit's decision in United States v. Aleynikov makes clear, federal criminal liability under the National Stolen Property Act, the Economic Espionage Act, and the Computer Fraud and Abuse Act will turn on specific — and somewhat surprising — factual questions, says Daniel Marx of Foley Hoag LLP.
While the Volcker Rule is one of the signature elements of Dodd-Frank, the initial phases of rulemaking to implement it have generated substantial comment and criticism from a wide cross-section of the financial services sector in the U.S. and globally. The Federal Reserve's recent clarification that covered banking entities have until July 21, 2014, to come into compliance is viewed by many as a positive development with benefits for both banking entities and the regulators, say attorneys with SNR Denton.
As a result of the U.S. Supreme Court's ruling in Kappos v. Hyatt, patent applicants disappointed by rulings of the U.S. Patent and Trademark Office Board of Patent Appeals and Interferences may consider filing a civil action under §145 with the opportunity to supplement the administrative record, rather than appeal directly to the Federal Circuit, say Paul Devinsky and Charles Hawkins of McDermott Will & Emery LLP.
The U.S. Environmental Protection Agency has released its long-awaited proposal establishing carbon dioxide emissions limits from fossil-fuel-fired electric utility generating units. While the proposed CO2 standard does not apply to existing, unmodified units, once this regulation is finalized, the EPA may be forced to develop standards for such sources, say Don Frost and Henry Eisenberg of Skadden Arps Slate Meagher & Flom LLP.