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Corporate

  • September 1, 2010

    Mass. High Court OKs Controversial $1B Wind Farm

    The Massachusetts high court has given the go-ahead for developers of the U.S.' first offshore wind farm to move ahead with the controversial $1 billion project, overruling objections from local residents and activists who claim the developers failed to obtain the proper permits.

  • September 1, 2010

    FDA Tells Baxter To Tone Down Aralast Claims

    The U.S. Food and Drug Administration has issued a warning letter chastising Baxter International Inc. for overstating the effectiveness of Aralast, a lung therapy for patients at risk for a form of hereditary emphysema.

  • September 1, 2010

    Allergan Settles Botox Off-Label Claims For $600M

    Allergan Inc. reached a $600 million settlement with the U.S. Department of Justice on Wednesday to resolve criminal and civil claims stemming from the company's marketing of off-label uses for its blockbuster wrinkle-treating drug Botox.

  • August 31, 2010

    Omega Slams Costco In Top Court Copyright War

    Watchmaker Omega SA filed a brief with the U.S. Supreme Court on Tuesday in a copyright dispute with Costco Wholesale Corp., putting forth legal and policy arguments that Costco infringed its copyright when it sold Omega watches that were bought outside the U.S.

  • August 31, 2010

    SEC Decides Not To Hit Moody's With Ratings Action

    Because of a jurisdictional uncertainty, the U.S. Securities and Exchange Commission will not pursue an enforcement action against credit rating agency Moody's Corp. over allegedly boosted ratings, the agency said Tuesday.

  • August 31, 2010

    US Seeks Stay On Stem Cell Funding Ban For Appeal

    The U.S. Department of Justice asked a federal judge Tuesday to stay a recent decision that enjoined the federal government from funding human embryonic stem cell research, arguing that the ban could negate years spent in search of treatments for illnesses such as diabetes.

  • August 31, 2010

    China Probes Potential EU Potato Starch Subsidies

    The Chinese government has opened its first anti-subsidy investigation into imports from the European Union, examining whether potato starch from European producers should face countervailing duties.

  • August 31, 2010

    Barclays, JPMorgan Sparred Over Lehman Assets: Atty

    A Cleary Gottlieb Steen & Hamilton LLP lawyer who advised Barclays PLC in the purchase of bankrupt Lehman Brothers Holdings Inc.'s broker-dealer business testified Tuesday that the British firm had to resolve a dispute with JPMorgan Chase & Co. over billions of dollars in assets before closing the deal.

  • August 31, 2010

    Visteon Ch. 11 Plan, $700M Exit Financing OK'd

    A bankruptcy judge approved Visteon Corp.’s Chapter 11 reorganization plan Tuesday, along with $700 million in exit financing to fund payments outlined in the plan, setting the stage for bondholders to take control of the revived auto parts maker.

  • August 31, 2010

    Brooks Bros. Loses On Appeal In False Marking Suit

    The U.S. Court of Appeals for the Federal Circuit on Tuesday reversed a district court ruling in a false marking suit against Brooks Brothers Inc., finding that the plaintiff β€” a patent attorney who accused Brooks Brothers of falsely marking its adjustable bow ties with expired patents β€” had qui tam standing and that the federal government had the right to intervene in the case.

  • August 31, 2010

    Nokia Fails To Narrow Issues In Apple's ITC Suit

    Nokia Corp. has lost an attempt to narrow the issues in Apple Inc.'s Section 337 case accusing the Finnish electronics giant of infringing patents for mobile communication technology.

  • August 30, 2010

    White House Slaps North Korea With New Sanctions

    The Obama administration has imposed new sanctions on North Korea that aim to limit the ability of the country's government to support itself through arms trading and other illicit activities.

  • August 30, 2010

    FDA Finds Mice, Maggots At Iowa Egg Farms

    U.S. Food and Drug Administration inspections have found overflowing manure pits, mice and maggots at the two Iowa farms that have recalled more than 550 million eggs after being linked to the largest salmonella outbreak in four decades.

  • August 30, 2010

    Wal-Mart Settles In DVD Rental Antitrust Suit

    Wal-Mart Stores Inc. has reached a preliminary settlement in a putative class action brought by customers who claim the retail giant and Netflix Inc. illegally carved up the market for online DVD rentals and sales.

  • August 30, 2010

    HP To Cough Up $55M In Qui Tam Kickback Case

    Hewlett-Packard Co. has agreed to pay $55 million to settle claims that it was part of a kickback scheme to win government agency contracts, the U.S. Department of Justice said Monday.

  • August 30, 2010

    Sanofi Hints At Hostile Bid After Genzyme Rejects Offer

    Sanofi-Aventis hinted at a hostile takeover Monday after biotechnology company Genzyme Corp. rejected its offer to buy it for $69 a share, or about $18.5 billion, saying the offer failed β€œto establish a basis for engagement" because it was not high enough.

  • August 30, 2010

    Rothstein Ordered To Pay $363M In Restitution

    A federal judge has ordered convicted Ponzi schemer and former Florida attorney Scott W. Rothstein to repay his victims $363 million.

  • August 30, 2010

    Fed. Circ. Narrows Scope Of Patent Misuse Defense

    In an en banc decision, the U.S. Court of Appeals for the Federal Circuit has articulated a narrow view of the patent misuse defense, rejecting Princo Corp.'s arguments claiming Philips Corp. and Sony Corp. made an illegal agreement to suppress the development of an alternative technology for making recordable compact discs.

  • August 27, 2010

    3rd Circ. To Review Tossed $295M De Beers Settlement

    A federal appeals court has elected to conduct an en banc rehearing of a panel decision to vacate a $295 million settlement that resolved a nationwide price-fixing class action against diamond company De Beers SA.

  • August 27, 2010

    United, Continental Win DOJ Merger OK With Slot Sale

    The U.S. Department of Justice signed off on Continental Airlines Inc.'s proposed $3 billion merger with UAL Corp.'s United Air Lines Inc. on Friday after the carriers agreed to lease 18 pairs of takeoff and landing slots at Newark Liberty International Airport to Southwest Airlines Co.