The European Union's antitrust watchdog announced Tuesday that it had closed its investigation against wireless chipset manufacturer Qualcomm Inc.
Pfizer Inc. will have to pay $28 million in punitive damages to a 66-year-old woman claiming that the menopause drugs Prempro and Provera caused her breast cancer, a jury in Pennsylvania state court ruled on Monday, three days after awarding her $6.3 million in compensation.
With the days of certain deal business long behind them, some mergers and acquisitions and corporate finance lawyers are shifting their billing practices, urging clients to make periodic payments or attempting other alternative measures in an effort to avoid the possibility of being left empty-handed if a transaction falls through.
A Texas state court judge has granted Merck & Co.'s bid to toss a suit brought by the state's attorney general accusing the pharmaceutical giant of engaging in Medicaid fraud in connection with the marketing and sale of its withdrawn painkiller Vioxx.
Fair Isaac Corp. has vowed to appeal a jury verdict siding with its rivals, three of the nation's top credit reporting agencies, in a long-running intellectual property and antitrust dispute brought by the company behind the widely used FICO credit score rating over the launch of a competing model.
A federal judge has dismissed the second bellwether case over Merck & Co. Inc.'s osteoporosis drug Fosamax, finding that the plaintiff's expert witnesses could not establish that the drug caused her to develop a degenerative jawbone disease.
A federal judge has ordered Ford Motor Co. to pay an inventor a whopping $55 million for infringing a patent for a kind of “puddle lamp” built into cars’ side mirrors, concluding the drawn-out David and Goliath case with a bang.
The U.S. Consumer Product Safety Commission released three studies Monday linking Chinese drywall installed in homes to elevated levels of hydrogen sulfide and the corrosion of metals.
The World Trade Organization has authorized Brazil to impose $294.7 million in trade sanctions on the U.S. for supporting cotton farmers with subsidies that the South American country says have harmed it.
A Pennsylvania jury has ruled that two Pfizer Inc. units are on the hook for at least $6.3 million in compensatory damages to an Illinois woman who developed breast cancer after she began taking popular menopause drugs Prempro and Provera.
The Ohio attorney general has targeted the three leading ratings agencies with allegations of wreaking havoc on the U.S. financial markets by providing unjustified and inflated ratings of asset-backed securities in exchange for lucrative fees from securities issuers.
After two aborted attempts to weigh in on the murky area of employment law, the U.S. Supreme Court may finally sink its claws in the so-called cat's paw theory of liability, resolving what has become a clear conflict among the federal appeals courts.
A Florida jury has awarded an ex-smoker $300 million in damages from Philip Morris USA Inc., finding the tobacco company legally responsible for her emphysema.
After more than three years of litigation and failed mediation efforts, Quest Software Inc. has agreed to pay a class of investors $29.4 million to settle allegations that the company’s stock options backdating artificially inflated stock prices.
Hogan & Hartson LLP's plans to join with the U.K.'s Lovells LLP has renewed interest in trans-Atlantic mergers on both sides of the pond, but law firms thinking of taking the plunge should expect challenges to meshing cultures and financial systems, consultants said.
A New York state Supreme Court judge has dismissed criminal indictments against two former Marsh Inc. executives and a former Zurich American Insurance Co. executive accused of participating in a massive bid-rigging and price-fixing scheme.
Deloitte Touche Tohmatsu and Grant Thornton International have agreed to cough up $15 million to settle with a class of Parmalat SpA stockholders in a suit stemming from the Italian dairy giant's collapse.
A key U.S. House of Representatives committee on Wednesday approved a plan to break up financial institutions deemed a threat to the financial system as a whole, even those that are deemed to be healthy and well capitalized.
Wells Fargo & Co. has reached agreements to buy back about $1.3 billion in auction rate securities and pay a $1.9 million penalty to the state regulators that investigated allegations the bank misled customers about the riskiness of the investment.
The U.S. Senate Committee on Health, Education, Labor and Pensions voted unanimously on Wednesday to report a bill giving the U.S. Food and Drug Administration broad new powers to regulate food safety issues throughout domestic and import supply chains.