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.
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.
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.
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.
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.
RxUSA Wholesale Inc. has filed a new lawsuit against drug wholesaler McKesson for violating agreements to fill orders for various drugs.
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.
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.
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.
Univision Communications Inc. has become the defendant in two lawsuits after selling the company Monday for less than its shareholders believed it was worth.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.