Corporate Law360 provides breaking news and analysis of legal and regulatory issues affecting companies and their counsel. Coverage includes emerging regulation, legislation, and litigation that broadly impacts corporations.
The U.S. Securities and Exchange Commission is investigating Honeywell International Inc.’s accounting of liability for asbestos claims after the company raised its estimate earlier this year by $1.1 billion, the company revealed in its securities filing Friday.
A California federal jury found Friday that a Hewlett Packard unit must pay a software startup more than $2.3 million for work on a Malaysian banking project, while clearing HP on many of the allegations in a contract suit that sought tens of millions in damages.
Four companies have asked the Supreme Court to review the Sixth Circuit’s decision to approve the certification of certain issues for classwide treatment in a group of Dayton, Ohio, residents’ lawsuit accusing the companies of groundwater pollution.
U.S. Patent and Trademark Office Director Andrei Iancu said in a speech to the Eastern District of Texas Bar Association Thursday that complaining about patent trolls is harmful to innovation and an effort to weaken the patent system that amounts to “Orwellian doublespeak.”
A former Bush administration chief ethics attorney, who has urged two National Labor Relations Board members to step away from a closely watched joint employer case involving McDonald's because of their ties to Littler Mendelson PC and Morgan Lewis & Bockius LLP, said the burger giant's counsel was out of line when it attacked his credibility last week.