Burdened with $101 million in illiquid auction rate securities and $90 million in encroaching notes, disk drive component maker Hutchinson Technology Inc. has sued UBS AG and Citigroup Inc., claiming the banks sold the securities fraudulently.
In a boost for Apple Inc.’s trademark and copyright suit against Psystar Ltd., a federal judge has tossed Psystar's counterclaims accusing Apple of violating antitrust laws with its end-user licensing deals, which require that Apple software be used only on Apple computers.
Getrag Transmission Manufacturing LLC has retained the Midwest firm of McDonald Hopkins LLC as it navigates a potentially complex bankruptcy that grew out of a botched deal with Chrysler LLC to build a $530 million transmission plant.
Getrag Transmission Manufacturing LLC has filed for Chapter 11 protection over the collapse of an agreement to build an Indiana plant for the manufacture of high-tech dual clutch transmissions for Chrysler LLC.
A federal judge has thrown out part of a case Sterling Federal Bank brought against Credit Suisse and others accusing them of materially misleading the bank about mortgage-backed securities.
The Cleveland Cavaliers have asked to stay proceedings in their antitrust and breach of contract litigation with Ticketmaster LLC pending an appeal of a permanent injunction barring the basketball team from using a rival ticket vendor's software for online reselling.
A federal judge has slashed four claims from a sales contract dispute brought by Novartis Pharmaceuticals Corp. against Bausch & Lomb Inc. including a misappropriation of confidential information claim, finding that in three instances Novartis failed to state a claim and that the fourth claim failed as a matter of law.
The judge overseeing a case accusing major financial services companies of breaching their fiduciary duties by sweeping billions of dollars of their clients’ uninvested money into low-interest bank accounts controlled by the firms has denied the plaintiffs' request to begin discovery in the case.
A federal appeals court has vacated a $40 million judgment in favor of Boston Edison Co. in a dispute with the U.S. government over spent nuclear fuel after finding the case was too intertwined with another case for the matter to have been only partially decided.
A former employee of American Apparel Inc. has sued the company for wrongful termination, claiming that he was fired after he refused to inflate the company's sales figures at the request of CEO Dov Charney.
DuPont Co. has accused Invista of patent infringement, misappropriation of trade secrets and a host of other claims related to the chemical giant's 2004 sale of its textile business to the Koch Industries Inc. unit in the latest litigation over the $4.2 billion acquisition.
T-Mobile USA Inc. imposed overly high late fees on customers who were tardy in paying their bills without calculating the actual damages the company suffered as a result, consumers have charged in a proposed class action against the cell phone service provider.
A federal jury in San Francisco has ordered the National Football League Players Association to pay $28.1 million to a class of more than 2,000 former NFL players, finding that the union did not properly market the players' images or pay out licensing revenue.
In a boost to Marsh & McLennan Cos. Inc., a federal judge has slapped an injunction on a former insurance brokerage executive who jumped ship to become a consultant with major competitor Aon Risk Services Inc., prompting Marsh to sue him for breaching nonsolicitation and confidentiality agreements.
Amaranth Advisors LLC has received the go-ahead from a New York state court to move forward with its lawsuit against JPMorgan Chase & Co. that claims the investment bank contributed to the hedge fund's spectacular 2006 collapse.
After a limited copyright infringement victory, Mattel Inc. is reportedly demanding that the court confiscate all of MGA Entertainment Inc.'s Bratz dolls and forbid the company from manufacturing the popular toys again in hopes of closing a loophole in the jury verdict.
Struggling to avoid liquidation, bankrupt auto parts maker Delphi Corp. has asked a court for permission to extend debtor borrowing agreements and obtain an additional $300 million from beleaguered automaker General Motors Corp.
In a heated battle between military contractors, ArmorWorks Enterprise LLC fired back at BAE Systems and its subsidiaries Thursday, accusing the company of violating the Robinson-Patman Act and alleging that its manipulation of the body armor market violated an exclusive agreement ArmorWorks had with a supplier.
Agreeing that common law complaints against self-regulatory organizations for negligent performance of duties are barred by Congress, a federal appeals court has upheld a lower court's decision to throw out a suit brought by a group of securities dealers over miscalculated Series 7 broker exam scores.
Attorneys for Apple Inc. told a federal judge Thursday that Psystar Corp. was trying to divert attention from its alleged infringement of Apple's Macintosh operating system by asserting “deeply flawed” antitrust and unfair competition counterclaims, while Psystar's counsel maintained that Apple had misused its copyrights and engaged in illegal tying.