Former Foley & Lardner LLP partner Walter “Chet” Little and a business associate on Thursday denied charges of insider trading, in which they are accused of using confidential merger information about the law firm’s clients to make about $1 million in illicit trading profits.
Bank of America NA and Deutsche Bank AG have agreed to pay a collective $65.5 million to settle with investors over a purported scheme to rig the SSA bond market, according to settlement proposals filed Thursday.
The attorneys general of 13 states reached a $192 million settlement with Aequitas Management LLC on Thursday over claims the private equity fund schemed with defunct Corinthian Colleges Inc. to skirt government lending rules and keep federal loans flowing to the vulnerable students the for-profit school operator allegedly preyed on.
Two psychologists accused of creating and implementing a controversial torture program for the Central Intelligence Agency agreed Thursday to settle the suit in Washington federal court for an undisclosed amount.
Three months after it was shot down by the Ninth Circuit, a case that aims to prove that “google” has become a generic verb that cannot be protected by trademark law is headed for the U.S. Supreme Court.
A Massachusetts man accused of an insider trading scheme involving pharmaceutical company stock got another tongue-lashing Thursday from a federal judge after yet again contacting federal authorities with criticisms of their case.
Mylan will pay $465 million to resolve allegations that it ripped off the government by underpaying rebates for the EpiPen, federal authorities said Thursday, revealing for the first time that competitor Sanofi first blew the whistle in a False Claims Act suit.
A group of public pension funds on Thursday sued Bank of America Corp., JPMorgan Chase & Co., Goldman Sachs Group Inc. and two other big banks alleging that they colluded to prevent modernization of the $1.7 trillion stock loan market to prevent losing out on massive fees.
The Second Circuit on Thursday threw out a decision by U.S. District Judge Jed S. Rakoff that Uber could not force a customer to arbitrate price-fixing accusations against the company, saying rider Spencer Meyer was given adequate notice of Uber's terms when he signed up for the ride-sharing service.
A woman alleging Johnson & Johnson’s talcum powder products caused her terminal ovarian cancer attacked the company’s credibility during Wednesday's closing arguments in the California trial, and J&J fired back that its opponent was misinterpreting scientific studies in her bid to win the case.
Nestle was hit with a proposed class action Tuesday claiming that none of its Poland Spring bottled water meets the federal definition of spring water, that the actual spring ran dry decades ago, and that several of the brand’s wells are downhill from an area where a resort previously dumped its guests’ excrement.
Manhattan federal prosecutors on Wednesday said seven people have been charged for their roles in a $5 million insider trading scheme, in which a former Bank of America vice president is accused of doling out confidential merger information he obtained from the bank.
Several BigLaw firms have spoken out this week against the deadly violence Saturday in Charlottesville, Virginia, and President Donald Trump’s response, taking the opportunity to reaffirm their commitment to diversity, tolerance and inclusion within their firms.
By Erin Coe