We use cookies on this site to enable your digital experience. By continuing to use this site, you are agreeing to our cookie policy. close
Lead Story Picture
The U.S. District Court for the Southern District of New York, where HeartWare International told a judge it has reached a $54.5 million deal to settle allegations it misled investors about a heart pump. (Getty)

Medtronic Unit Agrees To $54.5M Deal In Investor Fraud Suit

Medtronic PLC unit HeartWare International told a Manhattan federal court on Friday that it will pay $54.5 million to investors to settle allegations that it misled them about the prospects of its MVAD heart pump and overstated its efforts to fix problems with the device.

  • Acting AG Challenged At High Court By Felon Seeking Firearm

    An ex-convict who is challenging a federal ban on gun ownership by felons asked the U.S. Supreme Court on Friday to determine the legitimacy of acting U.S. Attorney General Matthew Whitaker, claiming that the controversial appointment was unconstitutional and that Deputy Attorney General Rod Rosenstein, not Whitaker, should be the named defendant in his case.

  • Madoff Trustee Asks 2nd Circ. To Back Foreign Clawback Bids

    The trustee for Bernie Madoff’s fraudulent investment firm asked the Second Circuit on Friday to allow him to claw back Ponzi scheme proceeds transferred from foreign Madoff feeder funds, saying the efforts are a domestic application of U.S. law even if the money was sent overseas.

  • NY Atty Pleads Not Guilty To Fatally Shooting Daughter's Mom

    A New York City attorney pled not guilty Friday in New Jersey state court to charges of fatally shooting the mother of his daughter in their New Jersey home last month before allegedly fleeing to Cuba, while his lawyer called on prosecutors to turn over additional discovery about the case.

  • Texas Justices Rule First-Refusal Claim Not Time-Barred

    The Texas Supreme Court on Friday said the holders of a right of first refusal on mineral rights could not have discovered a sale had taken place without being notified, allowing the holders' suit to be filed after the usual four-year window.

  • Texas Supreme Court Revives Patient's Suit Over Paralysis

    The Texas Supreme Court on Friday restored a patient’s malpractice claim against a Beaumont hospital, finding the former patient’s expert medical report supported her allegation that the hospital’s nurses contributed to her paralysis.

  • Supreme Court Will Address FCA Statute Of Limitations

    The U.S. Supreme Court on Friday agreed to take a whistleblower False Claims Act case over a U.S. Department of Defense munitions disposal contract to address the issue of whether the "government knowledge" statute of limitations in FCA cases applies only when the government intervenes.

  • Monster Energy Scares Up $5M Win In Calif. TM Trial

    An automotive tool company infringed the trade dress of beverage giant Monster Energy Co.’s trademark green-and-black “monster” packaging with its “Monster Mobile” line of tools, a California federal jury found Friday, while declining to rule the infringement willful and awarding a $5 million verdict far short of the $50 million Monster sought.

  • Senate Shake-Up Could Put Graham Atop Judiciary Panel

    Sen. Chuck Grassley, R-Iowa, chairman of the Senate Judiciary Committee, announced Friday he will take over the Senate Finance Committee next Congress, setting the stage for Sen. Lindsey Graham, R-S.C., to take over the judiciary panel.

  • Trump Says Acting EPA Chief Should Take Reins Officially

    President Donald Trump said Friday that he intends to nominate U.S. Environmental Protection Agency acting Administrator Andrew Wheeler to stay in the job for the long haul.

  • Supreme Court Will Hear Case Over Ross' Census Deposition

    The U.S. Supreme Court on Friday granted the federal government’s petition to review a New York federal court ruling greenlighting the deposition of Commerce Secretary Wilbur Ross regarding the Trump administration's decision to include a question about citizenship status on the 2020 census.

  • White House Ordered To Return CNN Reporter's Press Pass

    A D.C. federal judge on Friday morning ordered the Trump administration to reinstate the White House press credentials of CNN reporter Jim Acosta, saying the decision to revoke them likely violated the journalist’s right to due process.

  • Citibank, JPMorgan Chase Ink $21M SIBOR Rigging Suit Deal

    CitiGroup Inc. and JPMorgan Chase & Co. have agreed to pay nearly $21 million to escape a putative class action over an alleged conspiracy to manipulate the Singapore Interbank Offered Rate, the plaintiffs said in a motion to preliminarily approve the deal in New York federal court Thursday.