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Corporate

  • December 16, 2010

    Jury Clears Ex-NJ Assemblyman Of Corruption Charges

    A former New Jersey legislator was acquitted of corruption charges on Thursday, becoming the second defendant to walk free from allegations sparked by a wide-ranging federal corruption probe that led to dozens of arrests.

  • December 16, 2010

    Ex-Winston Atty Targeted For Role In Ponzi Scheme

    The U.S. Department of Justice on Thursday charged former Winston & Strawn LLP partner Jonathan Bristol with laundering over $20 million in connection with his client Kenneth Ira Starr's admitted Ponzi scheme, while the U.S. Securities and Exchange Commission levied similar allegations in an amendment to its civil proceeding against Starr.

  • December 16, 2010

    Feds Charge 4 Consultants In Insider Trading Probe

    Federal investigators have charged four people with conspiracy and fraud for allegedly selling their employers' inside information under the guise of expert consulting work.

  • December 16, 2010

    FDA Moves To Pull Breast Cancer Approval For Avastin

    The U.S. Food and Drug Administration has begun the process of pulling its approval of Genentech Inc.'s blockbuster cancer drug Avastin for use in breast cancer patients, announcing Thursday that the drug has not been shown to be safe and effective in treating the disease.

  • December 16, 2010

    Honda To Recall 1.3M Fits Over Headlights

    Honda Motor Co. is expected to recall more than 1.3 million Fit hatchbacks worldwide because of a problem with the vehicle's low-beam headlights.

  • December 15, 2010

    2 Firms Strike Deals In NY Pension Corruption Probe

    Hedge fund manager HFV Management LP and private equity firm Odyssey Investment Partners LLC agreed Wednesday to renounce pay-to-play as part of a deal to end New York Attorney General Andrew Cuomo's probe into their ties to pension fund corruption.

  • December 15, 2010

    4 More Madoff Associates Deny Fraud Charges

    Four more associates of fraudster Bernard L. Madoff pled not guilty to criminal conspiracy and fraud charges Wednesday, while the judge overseeing the case ordered a fifth former employee to come to New York for arraignment and said that it was time to make "difficult decisions" about handing over $2.4 million in assets to finance a bond.

  • December 15, 2010

    US Bars Drop-Side Cribs After Deaths, Recalls

    The U.S. Consumer Product Safety Commission on Wednesday voted to ban drop-side cribs, marking the first time in nearly 30 years that federal crib standards have been updated.

  • December 15, 2010

    House Sends Stand-Alone DADT Repeal To Senate

    The U.S. House of Representatives voted Wednesday to send a bill repealing the military's "don't ask, don't tell" ban on openly gay members to the Senate, where supporters see it as the last chance this year for Congress to legislate an end to the policy, rather than leave its fate to the courts.

  • December 15, 2010

    Chrysler, VW Recall Vehicles Over Safety Issues

    Volkswagen AG and Chrysler Group LLC have recalled hundreds of thousands of vehicles for potential safety issues, according to documents filed with the National Highway Traffic Safety Administration.

  • December 15, 2010

    Senate Unveils $1.1T Omnibus Spending Bill

    Senate appropriators have released a $1.1 trillion omnibus bill to pay for government operations through fiscal year 2011, proposing to reshuffle more than $667 billion in military budgetary authority while funding newly passed legislative priorities including health care, food safety and financial regulatory reform.

  • December 15, 2010

    BP, Others Liable For All Costs In Gulf Spill, US Says

    The U.S. Department of Justice on Wednesday slapped BP Exploration & Production Inc. and eight other companies with a lawsuit seeking to hold the companies liable for all costs and damages stemming from the massive oil spill caused by the explosion of the Deepwater Horizon rig in April.

  • December 14, 2010

    Lorillard Hit With $71M Verdict In Free Smokes Case

    Cigarette producer Lorillard Tobacco Co. has been ordered to pay $71 million to a deceased smoker’s family by a Massachusetts jury finding that the company’s 1950s-era marketing strategies improperly hooked the woman on Newport cigarettes when she was 13.

  • December 14, 2010

    J&J Hit With $50M Verdict In Pa. Medicare Suit

    A Pennsylvania judge has ordered Johnson & Johnson to pay more than $50 million for overpricing prescription drugs, marking another victory for the Pennsylvania Attorney General’s Office, which has waged a six-year battle against a dozen major drug companies over inflated drug prices and Medicare reimbursements.

  • December 14, 2010

    Skadden Reps HCP In $6.1B Nursing Home Deal

    Health care real estate giant HCP Inc. has reached a $6.1 billion deal to buy up assisted-living facilities managed by private equity firm The Carlyle Group LP.

  • December 14, 2010

    Matrixx To Pay $15.5M In Zicam MDL

    Matrixx Initiatives Inc. and Zicam LLC agreed Tuesday to pay out $15.5 million to settle with more than 1,000 plaintiffs in product liability suits over allegations Zicam Cold Remedy caused plaintiffs to lose their sense of taste or smell.

  • December 14, 2010

    Toyota Recalls 110,000 Siennas Over Switch Brackets

    Toyota Motor Corp. is recalling more than 110,000 Sienna minivans in North America because of safety issues with the bracket holding the brake light switch, the latest in a slew of recalls that have plagued the Japanese automaker over the past year.

  • December 14, 2010

    The Art Of Legal Networking For Small-Firm Lawyers

    Small-firm lawyers and solo practitioners may be nervous to engage in the all-important art of legal networking without the immediate clout of a BigLaw business card, but legal marketing experts say there are advantages to being a little fish in a big sea.

  • December 13, 2010

    WTO Panel Tosses China's Challenge To US Tire Duties

    The World Trade Organization has initially sided with the U.S. government in a landmark dispute with China over the right to impose an additional tariff on $1.8 billion worth of tire imports.

  • December 13, 2010

    High Court To Weigh In On Telecom Competition Cases

    The U.S. Supreme Court has agreed to rule on whether incumbent local telephone companies can charge rival telecoms competitive rates for access to network-connecting entrance facilities instead of less expensive, cost-based fees.