Corporate

  • September 30, 2009

    High Court To Hear Petition On Attorneys' Fees

    The U.S. Supreme Court has elected to hear a petition from Social Security Commissioner Michael J. Astrue to resolve whether an “award of fees and other expenses” under the Equal Access to Justice Act is payable to the prevailing party rather than to the prevailing party’s attorney.

  • September 30, 2009

    Uniloc's $388M Verdict Against Microsoft Reversed

    A federal judge has overturned a $388 million jury verdict against Microsoft Corp. in a patent infringement lawsuit brought by Uniloc USA Inc., holding that the jury failed to understand the complexities of the case when it issued its verdict.

  • September 30, 2009

    High Court Takes Black Firefighters' Title VII Case

    The U.S. Supreme Court agreed Wednesday to hear a challenge to an appeals court's decision that Title VII claims brought by black plaintiffs who sued Chicago after unsuccessfully applying for jobs as firefighters were time-barred because the plaintiffs filed charges with the U.S. Equal Employment Opportunity Commission too late.

  • September 30, 2009

    Boxer-Kerry Bill Pledges Big Cuts, With Few Details

    Sens. John Kerry, D-Mass., and Barbara Boxer, D-Calif., on Wednesday formally unveiled the U.S. Senate's version of landmark climate change legislation, which proposes deeper emissions cuts than the U.S. House of Representatives' take but leaves many of critics' biggest questions unanswered.

  • September 30, 2009

    Opportunities For Regulatory Work To Grow In 2010

    Regulatory issues are the single biggest concern keeping corporate legal officers awake at night, but that's good news for firms desperately seeking signs of growth, with a recent spike in regulatory counsel spending projected to accelerate in 2010, according to a new report on corporate legal spending by the BTI Consulting Group.

  • September 29, 2009

    Tobacco Cos. Appeal Restrictions To High Court

    Philip Morris USA Inc., RJ Reynolds Tobacco Co. and several other cigarette makers have indicated that they will ask the U.S. Supreme Court to overturn a decision that puts restrictions on how they can market their products and requires them to issue corrective statements to the public about the negative health effects and addictiveness of smoking.

  • September 29, 2009

    Boston Scientific To Pay Cordis $716M In Stent War

    Following more than a decade of litigation, Boston Scientific Corp. has agreed to fork over a whopping $716 million to Johnson & Johnson unit Cordis Corp. to settle more than a dozen lawsuits over stent technology.

  • September 29, 2009

    Lilly To Pay Conn. $25M Over Zyprexa Marketing

    Eli Lilly & Co. is set to fork over $25.1 million to settle a lawsuit brought by the Connecticut Attorney General's Office for allegedly marketing its antipsychotic Zyprexa for unapproved uses and concealing the drug's serious side effects for more than a decade.

  • September 29, 2009

    Sens. To Look At Pro-Employer High Court Rulings

    The U.S. Senate Judiciary Committee will hold a hearing to review two employer-friendly Supreme Court decisions, signaling a possible push by Democratic lawmakers for remedial legislation.

  • September 29, 2009

    Rather's Wrongful Dismissal Suit Against CBS Tossed

    A New York appeals court has thrown out breach of contract and the other remaining claims in news anchor Dan Rather's suit against CBS Corp. alleging he was booted from his position as the network's top anchorman because of a controversial report on President George W. Bush's Vietnam-era military service.

  • September 29, 2009

    Kroes Vows More EC Antitrust Reviews For Drug Cos.

    Following a recent rash of mergers, the top European Union competition official on Tuesday said pharmaceutical companies should “look out” for investigations in the coming months.

  • September 29, 2009

    Chevron's $27B Amazon Case To Get New Judge

    Mired in a bribery scandal, the Ecuadorian judge overseeing the $27 billion environmental suit against Chevron Corp. will be replaced by a colleague, injecting a new degree of uncertainty in a suit the oil giant claims has been rigged from the beginning.

  • September 29, 2009

    How To Adapt To A Changing IP Landscape

    While companies are paring down their intellectual property portfolios and filing fewer patent suits in an effort to conserve resources, they are continuing to be targeted in litigation by nonpracticing entities, experts said. Here is a rundown of some of the challenges companies face and some strategies for moving forward.

  • September 29, 2009

    Judge Tosses Securities Suit Against Credit Suisse

    A federal judge has dismissed a proposed securities class action accusing Credit Suisse and some of its leaders of not disclosing its risk associated with subprime lending, ruling that the plaintiffs failed to prove that the court had subject matter jurisdiction.

  • September 29, 2009

    Bankruptcy, Restructuring Work To Stay Strong In '10

    Although the recession's end may finally be in sight, the market for bankruptcy and restructuring work is expected to remain robust in 2010, according to a new report on corporate legal spending by the BTI Consulting Group Inc.

  • September 28, 2009

    Kerry, Boxer To Put Forth Tougher Climate Bill

    Sens. Barbara Boxer, D-Calif., and John Kerry, D-Mass., reportedly will introduce new, more stringent climate change legislation in the U.S. Senate on Wednesday.

  • September 28, 2009

    China Intensifies Probe of US Poultry Dumping

    Trade regulators in China are reportedly stepping up their investigation into claims the U.S. is dumping chicken imports in China and harming Chinese poultry producers.

  • September 28, 2009

    Former Le-Nature's CEO Charged With $800M Fraud

    The former CEO of bottler Le-Nature's Inc. has been indicted on allegations that he perpetrated a fraud by overstating the company's financial status — an $800 million scheme that ended with the company's 2006 bankruptcy.

  • September 28, 2009

    IP Firm Townsend Joins Ranks Of Salary Slashers

    Intellectual property law firm Townsend and Townsend and Crew LLP has told associates in an internal memo that it plans to cut salaries in 2010 — starting first-years at $145,000 — and that by 2011, it will launch a merit-based pay scheme.

  • September 28, 2009

    Ex-NFLer To Disgorge $19M Over SEC Fraud Claims

    Former Dallas Cowboys player Michael Kiselak has agreed to disgorge more than $19 million in a suit brought by the U.S. Securities and Exchange Commission accusing Kiselak and his company Kiselak Capital Group LLC of investment fraud.