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Corporate

  • March 31, 2011

    J&J Judgment In Stent Patent Suit Climbs To $593M

    A federal judge in Texas added $111 million in pre-judgment interest Thursday to a $482 million verdict against Johnson & Johnson for allegedly infringing a patent held by a New Jersey radiologist with its popular coronary stent Cypher.

  • March 31, 2011

    Buffett Looks To Control Spin After Exec's Departure

    Berkshire Hathaway Inc. CEO Warren Buffett is moving quickly to ward off any legal fallout and damage to his $206 billion empire's reputation, legal experts said Thursday, after news emerged that his top lieutenant bought Lubrizol Corp. shares before convincing Buffett to buy the company.

  • March 31, 2011

    Republicans Push CFTC To Slow Creation Of Swap Rules

    Republican lawmakers on Thursday urged the U.S. Commodity Futures Trading Commission to slow implementation of new rules governing the $600 trillion derivatives market, warning it risks drafting sweeping regulation that is more broadly applicable than Congress intended.

  • March 31, 2011

    Judge Tosses $3B Madoff Feeder Fund Action

    A New York federal judge on Wednesday dismissed a consolidated securities class action alleging units of Tremont Group Holdings Inc. that were feeder funds to Bernard L. Madoff's Ponzi scheme cost investors some $3 billion.

  • March 31, 2011

    WTO Says Boeing Got $5B In US Subsidies

    The World Trade Organization said Thursday that Boeing Co. had received $5.3 billion in subsidies from U.S. and local governments since 1989, a ruling that both Boeing and European rival Airbus SAS claimed as a victory.

  • March 31, 2011

    Google Blocks Rival Search Engines, Microsoft Tells EU

    Microsoft Corp. on Wednesday joined the chorus of online search providers asking European Union antitrust regulators to stop Google Inc. from abusing its market dominance, accusing the Internet giant of blocking rivals from data they need to compete.

  • March 30, 2011

    US Discovers Trace Radiation From Japan In Milk

    The U.S. government reported Wednesday that it had detected trace amounts of radiation in milk from Spokane, Wash., as a result of increased nationwide monitoring of potential impacts from Japan's imperiled Fukushima Daiichi nuclear plant.

  • March 30, 2011

    GSK Gets $3.5M Verdict In Norvir Antitrust Case

    Abbott Laboratories must pay GlaxoSmithKline PLC $3.5 million for raising the price of HIV drug Norvir despite a deal that let GSK include it in a drug cocktail, but Abbott did not break antitrust law, a California jury said Wednesday.

  • March 30, 2011

    Whirlpool Asks ITC To Probe Samsung, LG Fridges

    Whirlpool Corp. asked international trade authorities Wednesday to investigate the production of bottom-mount refrigerators in South Korea and Mexico, accusing Samsung Electronics Co. Ltd. and LG Electronics Inc. of selling the products in the U.S. at below-market cost.

  • March 30, 2011

    SEC OKs Risk Retention, Compensation Rules

    The U.S. Securities and Exchange Commission unanimously decided Wednesday to push forward proposed joint rules that would require issuers of asset-backed securities to hang onto some of their inherent risk and would establish requirements for compensation committees.

  • March 30, 2011

    Web Tightens Around Gupta In Galleon Trial

    Raj Rajaratnam told an associate he was warned of Goldman Sachs Group Inc.'s quarterly loss by “somebody who's on the board,” an alleged reference to Rajat Gupta, according to a tape played Wednesday in the Galleon Group LLC founder's insider trading trial in New York.

  • March 30, 2011

    Judge Refuses To Kick Trustee Off Madoff Case

    A New York bankruptcy judge blocked investors' efforts Wednesday to remove the trustee overseeing the liquidation of Bernard L. Madoff's investment company and vacate a $220 million settlement with the heirs of Madoff associate Norman Levy.

  • March 30, 2011

    Google Agrees To Privacy Checks To End FTC Buzz Case

    After settling a putative class action over its Buzz social network for $8.5 million in November, Google Inc. consented Wednesday to two decades of independent privacy audits to resolve similar domestic and international privacy concerns from the Federal Trade Commission.

  • March 29, 2011

    High Court Eyes Class Cert. Merits At Dukes Hearing

    The U.S. Supreme Court offered scant hope that a decision in the historic sex discrimination class action against Wal-Mart Stores Inc. will offer guidance on class certification standards, instead focusing on the theory underlying the case at a hearing Tuesday.

  • March 29, 2011

    SEC Says FDA Chemist Made $3.6M In Insider Trading

    The U.S. Securities and Exchange Commission accused a Food and Drug Administration chemist in Maryland federal court on Tuesday of using internal information about upcoming drug approval decisions to make trades worth more than $3.6 million.

  • March 29, 2011

    Dean Foods To Settle Antitrust Suit With Assets Sale

    Dean Foods Co. said Tuesday it had agreed to divest a milk processing plant and some of the assets it acquired from Foremost Farms USA Cooperative in a move to resolve an antitrust suit in Wisconsin launched by the U.S. Department of Justice.

  • March 29, 2011

    Cuban Co. Can't Renew Havana Club Mark: DC Circ.

    The D.C. Circuit ruled Tuesday that the U.S. government could refuse to allow a Cuban state-owned export company to renew its Havana Club trademark because of a 1998 trade law that denies protection to certain Cuban trademarks.

  • March 29, 2011

    Ex-Galleon Employee Says Rajaratnam OK'd Tips

    A former Galleon Group LLC employee testified Tuesday in the insider trading trial of Raj Rajaratnam in New York, saying his ex-boss gave him clearance to gather sensitive, nonpublic information from company insiders and an investment banker at Morgan Stanley.

  • March 29, 2011

    High Court Kills County's Drug Price Class Action

    The U.S. Supreme Court ruled Tuesday that a California county cannot sue nine drug companies for allegedly violating a pricing agreement with the federal government by overcharging clinics serving the poor, finding that only the U.S. can enforce those agreements.

  • March 29, 2011

    White Collar Reach Of High Court Brady Ruling Limited

    The U.S. Supreme Court ruled Tuesday that criminal defendants could not sue local prosecutors' offices based on a single discovery violation, a decision that legal experts say could have a limited effect on white collar cases at the local level.