Commercial Contracts

  • August 14, 2006

    $75M Life Insurance Deal Zapped After Bankruptcy

    Conseco Inc., a once-highflying financial services company, prevailed Friday in its fight to avoid paying millions of dollars to cash out an unusual life insurance agreement for the former executive accused of driving the firm into the ground.

  • August 8, 2006

    Barr Moves To Get Plan B To The Market

    After meeting with officials from the U.S. Food and Drug Administration Tuesday, Barr Pharmaceuticals Inc. plans to amend its request to sell its morning-after contraceptive pill without prescription within the next two weeks.

  • August 9, 2006

    Auto Parts Company Slapped With ERISA Suits

    Employees of Lear Corp. have class action lawsuits against the automotive interior company and its board of directors, claiming they should have protected employees’ retirement savings plan from predictable losses in the shaky auto market.

  • July 31, 2006

    In Reversal, FDA Opens Door To Morning-After Pill

    A year after controversy erupted over the agency's refusal to make the morning-after pill available over-the-counter, the Food and Drug Administration unexpectedly announced Monday that it is considering allowing the drug to be sold without prescription to women over the age of 18.

  • July 24, 2006

    Sony BMG Hit With Broadened Complaint

    Music industry giant Sony BMG has been hit with an amended complaint in a suit that challenges how the music industry assesses royalties for musicians who signed contracts before the dawn of digital downloads.

  • July 24, 2006

    RxUSA Files New Suit Against Wholeseller

    RxUSA Wholesale Inc. has filed a new lawsuit against drug wholesaler McKesson for violating agreements to fill orders for various drugs.

  • July 18, 2006

    Settlement Gets To Heart Of Stent Lawsuit

    Abbott Laboratories and Medinol Ltd. have reached a preliminary settlement in a patent dispute over a medical device, bringing an end to one of numerous fights in the $5 billion coronary stent industry.

  • July 10, 2006

    ITC Launches Probe Into Nokia's Phone Technology

    The U.S. International Trade Commission has opened up an investigation into whether Finland’s Nokia Corp. and its U.S. unit took part in unfair trade practices by importing and selling phones that allegedly infringed six of Qualcomm Inc.’s mobile communications patents.

  • July 6, 2006

    Hollinger V. Hollinger Heats Up In Chicago

    The blame game over alleged corporate looting at Hollinger International Inc. heated up Thursday with a countersuit by the publisher’s top shareholder, Hollinger Inc. The publisher, owner of the Chicago Sun-Times and other newspapers, stands accused of stripping Hollinger Inc. of its assets to enrich top executives.

  • June 29, 2006

    Univision Accused Of Undercutting Shareholders

    Univision Communications Inc. has become the defendant in two lawsuits after selling the company Monday for less than its shareholders believed it was worth.

  • June 29, 2006

    Court OKs Suit Alleging KPMG Failed To Detect Fraud

    In the latest blow to KPMG LLP, a court has greenlighted a lawsuit against the Big Four accounting firm brought by shareholders of a fraud-ridden company that lapsed into bankruptcy after KPMG, the company’s auditor, failed to perform proper audits.

  • June 23, 2006

    Cos. Accused of Blowing Up Balloon Catheter Market

    A Texas-based medical device maker has filed a federal lawsuit against three companies it says are illegally muscling in on the market for dilation balloon catheters often used in sinus surgery. The allegations by Quest Medical, Inc. include patent infringement, tortious interference, breach of contract and misappropriation of trade secrets.

  • June 22, 2006

    Scientific-Atlanta Settles Claims Over Adelphia Scandal

    Scientific-Atlanta Inc. will cough up $20 million to resolve charges brought by the U.S. Securities and Exchange Commission that it assisted cable operator Adelphia Communications Corp. in overstating its earnings by about $43 million.

  • June 16, 2006

    More Countries Take Aim At Apple’s iPod

    Feeling the heat on all fronts, Apple Computer Inc. is being targeted by more European and Asian countries to break open its iTunes monopoly so songs purchased for its popular iPod digital music player can be played on any portable music player.

  • June 13, 2006

    Taser Takes Aim At Air Gun Company In Patent Battle

    In an escalating fight amongst non-lethal weapon makers, Bestex Co. and Taser International are firing back and forth over a patent for an air cartridge used in their air guns, alleging unfair competition.

  • June 12, 2006

    Qualcomm Takes Nokia Complaint To ITC

    Semiconductor company Qualcomm Inc. escalated its riff with handset maker Nokia Corp. on Monday, asking the U.S. International Trade Commission to investigate its allegations of patent infringement against Nokia.

  • June 2, 2006

    Defense Contractor Countersues Lockheed Martin

    An angry rival of Lockheed Martin Corp. has hit the defense contractor with a countersuit, claiming Lockheed used intimidation tactics and “sham litigation” to block the rival from bidding on a $1 billion military training contract.

  • June 2, 2006

    Dorsey & Whitney Snags SEC Trial Counsel

    Dorsey & Whitney LLP has reeled in a U.S. Securities and Exchange Commission regional trial counsel to reinforce its securities practice in the firm’s Southern California office.

  • May 16, 2006

    Russian Company Seeks Dismissal Of BFI Suit

    A Russian aluminum producer is trying to shirk off a lawsuit brought by a California-based rival in U.S. federal court, which accused the company of fraud and unfair competition related to its recently acquired stake in a Nigerian competitor.

  • May 10, 2006

    NASD Panel Issues $5M Ruling Against Morgan Stanley

    Facing yet another blow to its already unpleasant record with investors, Morgan Stanley was forced to hand over $5 million to a client after an arbitration panel ruled that it had changed the client’s stated investment objectives.