A high-stakes case at Britain’s highest court that ended in defeat for top poker player Phil Ivey is a seismic ruling with huge ramifications for criminal law and individuals accused of fraud, lawyers say, as it hands more power to prosecutors ahead of several major trials where bankers stand accused of rigging rates and markets.
CenterPoint Energy Inc. has been tossed from a wide-ranging multidistrict litigation in which a number of energy companies have been accused of raising and fixing prices for natural gas in western states, with a district court dismissing the claims against it for lack of personal jurisdiction.
Trying to buttress their argument for summary judgment, the nearly two dozen major airlines under attack from a group of travel agents have fired back, arguing that the plaintiffs have not met the factual burden necessary to keep the antitrust case over traditional commissions alive.
A drug wholesaler has sought treble damages in a putative class action lawsuit against Sanofi-Aventis, accusing the French pharmaceutical giant of unlawfully blocking generic competition for Sanofi's rheumatoid arthritis treatment Arava by filing a sham Citizen Petition with the U.S. Food and Drug Administration.
Plaintiffs in the multidistrict antitrust litigation involving Chinese vitamin C makers have asked a federal judge for permission to amend their complaint, seeking to add two new defendants to the case.
Bank of America Corp. and five other credit card issuers have continued to press a federal court to toss a putative action that alleges they conspired to fix late fees charged to credit card holders.
U.K. antitrust regulators have demanded that the country's largest supermarket chains turn over e-mails that may prove the companies engaged in predatory pricing.
Though British Airways recently agreed to pay a record $550 million fine to settle allegations of price-fixing, the legal troubles of some of the carrier's executives are far from over.
Two months after a federal judge sent the parties in an ongoing antitrust over static random access memory chips into private mediation, the first plaintiffs to bring claims against SRAM producers filed their first amended complaint.
Drug makers in the massive antitrust class action over the alleged artificial inflation of the prices of various prescription medications have called for mediation in the case, despite recent criticism from the attorneys general of five states.
A federal appeals court temporarily stopped Whole Foods from completing a deal to purchase Wild Oats Markets Inc on Monday, saying it needs more time to hear arguments that it should block the deal, according to the Associated Press.
Becton Dickinson & Co. on Friday slammed three suits that accused it of stifling competition from other hypodermic product makers, denying that it has done anything wrong and averring that the plaintiffs—among them wholesalers, pharmacies, and hospitals—had no standing to sue.
Two executives at Bayoil Inc. have pled guilty to participating in the United Nations' alleged oil-for-food kickback scheme, only days before the founder of the Texas refinery is due to stand trial on similar charges related to the Iraqi government scandal.
A federal judge has cleared the way for indirect purchasers to file their second amended class action complaint against a group of chip makers in the antitrust case over dynamic random access memory.
Individual plaintiffs who launched two lawsuits against Korean Air Lines Co. Ltd. this month for allegedly conspiring to fix the prices of fuel surcharges on airline tickets for consumers are seeking to relate the cases to the ongoing surcharge multidistrict litigation.
The European Commission and the government of Norway have two different opinions on the outcome of a World Trade Organization dispute over European Union laws on salmon dumping, with the EC refuting Norway's assertion that it has won the battle.
A federal appeals court has denied Volvo's attempt to collect costs in an antitrust case that wound its way all the way up to the U.S. Supreme Court, ruling that the automotive giant did not file its request in the proper venue.
The U.K. Competition Commission's investigation of Britain's rail industry will focus on the conduct of train operators, manufacturers and franchising companies, according to a statement released by the regulator on Friday.
British engineering group IMI Plc revealed Thursday night that it had suspended twenty or so employees and alerted the U.S. Department of Justice after discovering possible bribery attempts by one of its American subsidiaries.
LimeWire LLC has accused a group of major record labels of colluding to stifle the development of new technology and dominate the music industry, as it continues to fight off a lawsuit that alleges it encouraged its customers to trample copyrights.
The Federal Trade Commission has challenged a district judge’s ruling denying the Commission’s demand for a preliminary injunction on a merger between Whole Foods Market Inc. and Wild Oats Markets Inc.