Royal Ahold announced Tuesday that the former chief executive officer of its former U.S. subsidiary will pay $8 million to settle a legal dispute that became entangled in an accounting scheme that exaggerated the unit’s earnings.
The suit that securities investor Super Future Equities Inc. filed against Wells Fargo Bank NA, the trustee of its mortgage-backed notes, and loan servicer Orix Capital Markets LLC is out of steam now that a Dallas federal court has granted summary judgment in favor of the defendants.
People's Choice Home Loan Inc. has resolved another dispute in its ongoing Chapter 11 case, after a judge signed off on a settlement between the bankrupt home lender and creditor Merrill Lynch & Co.
A judge declined to sanction Miracle-Gro maker Scotts Co. LLC for obstructing a deposition in an insurance dispute with Liberty Mutual Insurance Co. but ordered a new deposition of one of its witnesses and strongly admonished the company for its conduct on Thursday.
A federal jury has awarded Lehman Brothers Holdings Inc. $7.3 million in a case in which Lehman Brothers accused the defendants of conspiring to get a Lehman subsidiary to fund millions of dollars in mortgage loans secured by properties worth only a fraction of their sale prices.
Cases that could change labor and employment law in 2008 and beyond are currently pending in venues ranging from U.S. Supreme Court to district courts to the National Labor Relations Board. Here's an overview of ten lawsuits that labor and employment attorneys will be keeping an eye on in the coming year.
The U.S. Department of Labor on Wednesday proposed a new regulation aimed at increasing how much service providers of 401(k) plans and other employee benefit plans must disclose to fiduciaries in an effort to minimize conflicts of interest.
After a federal court dismissed its case, a group of employees at the San Diego County Superior Court has launched a wage-and-hour collective action in the very state court named as a defendant in the suit.
In a case that reached the U.S. Supreme Court regarding subject-matter patentability, a Colorado federal court judge has confirmed that a permanent injunction that prevented Laboratory Corp. of America Holdings from using allegedly infringing vitamin deficiency tests is no longer in effect.
A dispute over $4.1 million in construction loans that pits First Charter Bank against bankrupt home lender HomeBanc Mortgage Corp. and JP Morgan Chase Bank has boiled over into an adversary proceeding in Homebanc's Chapter 11 case.
A bankruptcy judge has approved Monitor Oil Plc’s request for debtor-in-possession financing, despite objections from the U.S. trustee and an ad hoc committee representing the company’s bondholders.
Dell Inc. has added a new tortious interference counterclaim against Alcatel-Lucent for alleged fraud by re-assigning two video-coding patents to a trust in order to block an existing Dell licensing deal for the technology.
The subprime mortgage woes continue to take their toll on Merrill Lynch & Co. Inc. Just two days after being tied into a shareholder action, the company became the target of a purported ERISA class action brought by employees with company retirement plans.
The state of Alaska has filed suit against Marsh & McLennan Cos. subsidiary Mercer (US) Inc., claiming the actuarial firm's miscalculation of liabilities for two public pension funds for state employees in the face of growing health care costs resulted in $1.8 billion in losses for the funds.
A case in which the owner of an electrical company accused a labor union and its law firm of rigging bids by coercing contractors has been dismissed, with the judge ruling that the owner will not be allowed to lodge an amended complaint.
A former Fresno State women’s basketball coach who claimed she was fired from the university for complaining about sexual harassment and Title IX violations has won a $19.1 million award in a discrimination suit.
A federal judge has tossed the rest of World Wrestling Entertainment Inc.'s suit against two of its former licensing agents and the video game companies that allegedly bribed the agents and colluded with each other to rig bids for licenses of the company's intellectual property.
The Commonwealth of Massachusetts is asking A.G. Edwards & Sons Inc. to pay at least $1 million to repay investors after the firm allegedly failed to supervise a former broker who preyed on retirees and lost their money through improper investments.
The fallout from the subprime mortgage crisis shows no sign of letting up for investment bank Merrill Lynch & Co. Inc. The Wall Street firm has been hit with another class action suit alleging the bank misrepresented and failed to disclose facts about its collateralized debt obligations.
Semiconductor manufacturer Micron Technology Inc. has expanded its counterclaims against rival Mosaid Technologies Inc. in a patent infringement suit over dynamic random access memory technology.