SEC Says Hackers Hit Its Database, May Have Traded Off Info

Amid revelations on Wednesday that a Waymo-commissioned expert report estimated damages caused by Uber’s alleged trade secret theft at $2.6 billion, U.S. District Judge William Alsup accused the Alphabet spinoff of crying “crocodile tears” in seeking to delay trial over the purported theft of self-driving car technology.

Pfizer Inc. can't break into the market with its biosimilar version of Johnson & Johnson's blockbuster biologic Remicade, as J&J and its subsidiary Janssen Biotech Inc. have been holding on to a monopoly through a multifaceted anti-competitive campaign, Pfizer told a Pennsylvania federal court Wednesday.

A California appeals court on Tuesday reversed a lower court’s decision in favor of the state’s Department of Pesticide Regulation in a suit by environmental groups challenging the approval of amended labels for two previously registered pesticides, saying the department’s efforts at environmental review were deficient.

The Seventh Circuit ruled Wednesday that the former owner of a fuel-additive business didn’t violate a noncompete agreement he reached with the purchasers of his company when he subsequently sold his other firm and helped that buyer set up shop.

A Florida federal judge Tuesday sentenced a local woman to more than four years in prison for her part in a conspiracy to inject illicit silicone smuggled from Colombia into the buttocks of hundreds of spa customers.

The U.S. Department of Justice said in a letter to U.S. Rep. Vern Buchanan, R-Fla., that victims of fraudster Bernie Madoff would begin to receive payouts from the department's Assets Forfeiture Fund by the end of the year, the congressman announced Wednesday.

San Francisco and Oakland, California, on Tuesday sued BP, Chevron, Exxon Mobil, ConocoPhillips and Shell, alleging the oil companies are responsible for infrastructure costs related to climate change events due to their “production of massive amounts of fossil fuels.”

The Consumer Financial Protection Bureau on Wednesday proposed changes to the information that lenders will have to provide under a mortgage disclosure law in a bid to protect the identities of borrowers.

A Connecticut federal judge on Tuesday preliminarily approved a $146 million settlement between direct purchasers and pharmaceutical companies over the drugmakers’ alleged role in a scheme to block generic alternatives to the stroke-prevention drug Aggrenox from coming on the market.

Former FBI director Louis Freeh and his law firm escaped defamation claims on Wednesday as a judge threw out a lawsuit from former Penn State University President Graham Spanier alleging that he’d been falsely smeared in a report from Freeh faulting his actions in the Jerry Sandusky sex-abuse scandal.

Toshiba said Wednesday it will sell its memory business to a consortium led by Boston-based Bain Capital for about 2 trillion yen ($17.9 billion) in an effort to forge a turnaround, a major step in a turbulent sales process steeped in litigation with the Japanese company’s joint venture partner. 

The Second Circuit on Tuesday revived part of a defamation suit against journalist Sabrina Rubin Erdely and Rolling Stone over a false article detailing a violent rape culture at the University of Virginia, finding in a split decision that two fraternity brothers’ claims were plausible enough to move forward.