Clear Channel Communications Inc. and the private equity firms it sued for reneging on an agreement to buy it last year finally entered into a $17.9 billion deal, the radio operator said Tuesday.
A federal district judge has bounced a lawsuit brought by food giant Solae Inc. as it continues to trade barbs with Hershey Canada over liability for a salmonella-tainted additive that found its way into a sundae product.
Exxon Mobil Corp. is demanding $800 million in damages from the state of Alaska for rejecting its plans to develop a natural gas field on the state's North Slope.
Jackson Lewis LLP has engaged a new labor and employment partner from Epstein Becker & Green PC, seasoned in the growing area of trade secrets, breach of contract and unfair competition litigation.
Bankrupt law firm Coudert Brothers LLP has revealed a liquidation plan that would rely upon potentially liable former partners agreeing to contribute substantial funds in exchange for broad releases from future litigation.
Clear Channel Communications Inc. and the private equity firms that wanted to buy it for nearly $20 billion are in settlement discussions with the banks that were to fund the deal, the radio company said Monday.
A recent decision in the Delaware Court of Chancery has directors of companies worried that they will no longer always be advanced legal fees and expenses when a lawsuit is brought against them.
Anchorman Dan Rather's reputation was damaged so severely by CBS Corp. following a critical report on President Bush's military service that several television networks have refused to work with him because he has “too much baggage,” according to new allegations added to Rather's defamation suit against CBS.
The fate of more than $7.9 million in Banc of America Investment Services Inc. frozen auction-rate securities lies in the hands of an arbitration panel, now that one law firm has filed a lawsuit with the Financial Industry Regulatory Authority's Office of Dispute Resolution.
A lawsuit by 24 retirees from Coudert Brothers against former managing members and law firms that took over pieces of the defunct international law firm has been transferred to bankruptcy court.
A New York state judge has rebuffed an effort by six big banks to toss a lawsuit by private equity firms that claim the banks reneged on promises to fund a nearly $20 billion deal to acquire Clear Channel Communications.
A Pennsylvania man accused of stealing copyrighted designs from Toronto-based ConsulNet Computing Inc., a maker of real estate marketing Web sites, has been found liable in federal court.
Hoping to recoup money for customer returns on several educational book products, bankrupt book dealer Advanced Marketing Services Inc. is suing the producers of “Hooked on Phonics” for wrongfully withholding funds.
After more than two years of international legal wrangling, a United Nations arbitration panel has ruled that Boston Scientific Corp.'s coronary stents do not infringe on Israel-based Medinol Ltd.'s patents, the U.S. corporation announced Monday.
A judge has thrown out much of Caterpillar Inc.'s case against the United Auto Workers International union and seven local unions.
ConocoPhillips Co. has slapped Entergy Services Inc. with a formal complaint, accusing the energy giant of violating the policy of the U.S. Federal Energy Regulatory Commission in the wake of a failed contract agreement between the two companies.
Workers whose wage claims are dismissed by the Texas Workforce Commission are prohibited from taking their case to state court, the Texas Supreme Court has ruled, deciding the issue for the first time.
Merrill Lynch & Co.'s brokerage arm sued one of its former financial advisers Thursday, alleging that he took confidential client information to his new job at Ameriprise Financial Services Inc. to woo clients away from Merrill Lynch.
A judge has denied a petition by UBS Securities LLC to toss a class action alleging the investment bank subsidiary was partly to blame for the failed merger between footwear retailer rivals Genesco Inc. and Finish Line Inc.
Omni Energy Services Corp. has agreed to pay Executive Vice President Darcy Klug more than $1 million to settle a lawsuit alleging that company directors schemed to defraud him of his due compensation, the company announced Tuesday.