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Corporate

  • June 8, 2010

    Ex-Duane Reade Execs Found Guilty In Fraud Case

    A jury has convicted former Duane Reade Inc. executives Anthony Cuti and William Tennant of securities fraud in an alleged scheme to inflate the drugstore chain’s income using sham real estate deals.

  • June 8, 2010

    Endo Resolves Opana Patent Suits V. Impax, Sandoz

    Endo Pharmaceuticals Inc. and Penwest Pharmaceuticals Co. said Tuesday that they had settled patent infringement suits against Sandoz Inc. and Impax Laboratories Inc. over generic versions of painkiller Opana ER.

  • June 8, 2010

    2nd Circ. Mulls Chevron's Demand For Film Footage

    A federal appeals court is considering whether to grant Chevron Corp. lawyers access to footage from the documentary “Crude” for defense against purportedly “trumped up” Ecuadorean criminal charges, despite the protests of plaintiffs in a long-standing environmental dispute.

  • June 8, 2010

    Facebook E-Discovery Ruling Only Tip Of The Iceberg

    A judge's recent decision to quash subpoenas seeking messages sent through Facebook Inc. and MySpace Inc. in a copyright suit involving fashion house Christian Audigier Inc. marks an important development in e-discovery law involving social networks, but many more issues remain unresolved, experts say.

  • June 8, 2010

    GM Recalls 1.5M Autos Over Washer System Fire Risk

    General Motors Co. said Tuesday that it was recalling 1.5 million vehicles over concerns that part of the heated washer fluid system could ignite and start a fire, marking the second time in two years that the automaker has recalled the models over the washer fluid system.

  • June 8, 2010

    Wockhardt Fails To Nix Sepracor's Lunesta Patents

    A federal judge has thrown out generic-drug maker Wockhardt Ltd.'s claim that Sepracor Inc. misled patent examiners by covering up rat study data related to sleep drug Lunesta, saying that the allegations were weakly pled and that the disputed data wasn't relevant to the patent.

  • June 8, 2010

    Casey's Urges Investors To Nix $1.9B Couche-Tard Bid

    Casey's General Stores Inc. is asking its shareholders to reject a $1.9 billion tender offer launched in early June by Canadian convenience store chain Alimentation Couche-Tard Inc., saying the hostile bid substantially undervalues the company.

  • June 7, 2010

    Countrywide Pays $108M To Drop FTC Fee Suit

    Countrywide Financial Corp. has coughed up $108 million to settle the Federal Trade Commission’s allegations that the mortgage lender, now owned by Bank of America Corp., charged inflated fees to hundreds of thousands of borrowers struggling to keep their homes.

  • June 7, 2010

    Expected Income Changes Count In Ch. 13: High Court

    The U.S. Supreme Court ruled Monday that bankruptcy courts can consider near-certain future changes in a Chapter 13 debtor's income when deciding how much the debtor must pay unsecured creditors each month after reorganizing its debt.

  • June 7, 2010

    Crisis Panel Asks What Goldman Has To Hide

    The panel mandated by Congress to investigate the causes of the economic crisis said Monday that Goldman Sachs Group Inc. had handed over millions of useless documents in response to inquiries, raising questions about what the financial giant has to hide.

  • June 7, 2010

    Chrysler Recalls 600K Jeeps, Minivans

    Chrysler Group LLC is voluntarily recalling more than 570,000 Jeep Wranglers and Chrysler and Dodge minivans over safety concerns related to brake lines and sliding doors.

  • June 7, 2010

    US Told To Pay SCE $142M Over Nuclear Waste Delays

    A federal judge has ordered the U.S. government to pay more than $142 million to Southern California Edison Co. for failing to meet contractual deadlines to dispose of spent nuclear fuel, the second-largest award in more than 70 suits against the U.S. Department of Energy over ongoing nuclear waste disposal delays.

  • June 7, 2010

    Land O'Lakes Settles Egg Antitrust Action For $25M

    Land O'Lakes Inc. and two subsidiaries have agreed to pay $25 million to settle a class action alleging they were part of a long-running conspiracy between trade groups and agricultural companies to limit production of and drive up prices for eggs.

  • June 7, 2010

    Ex-Union Carbide Execs Found Guilty For Bhopal Deaths

    An Indian court on Monday reportedly found eight former Union Carbide India Ltd. executives guilty of negligence for their role in a 1984 gas leak at a pesticide plant in Bhopal, India, that killed more than 15,000 people.

  • June 4, 2010

    DOC Levies 143% Dumping Rate On Wire Decking

    Chinese exporters and producers have dumped wire decking into U.S. markets at up to 143 percent below normal value and received countervailable subsidies of up to 437 percent, the U.S. Department of Commerce said Friday.

  • June 4, 2010

    Akin Gump Wal-Mart Memo May Prompt Sex Bias Deal

    Employment law experts are split over whether Wal-Mart Stores Inc. can invoke attorney-client privilege to shield an Akin Gump Strauss Hauer & Feld LLP report finding sex-based pay disparities at the retailer, but they say the report could prod Wal-Mart to settle a historic sex bias action even if the revelations never reach the courtroom.

  • June 4, 2010

    Chrysler Recalls 35K Vehicles Over Sticky Accelerators

    Chrysler Group LLC has recalled about 34,700 Dodge and Jeep vehicles based on reports of sticky accelerator pedals, the company said Friday.

  • June 4, 2010

    DC Circ. Won't Rehear Calif. Emissions Challenge

    A federal appeals court says it will not review en banc its decision upholding the U.S. Environmental Protection Agency's endorsement of a California emissions standard rule for refrigerated trucks, likely ending a case that trucking industry advocates warn will set a nationwide precedent.

  • June 4, 2010

    Refco Trustee's Claims V. Mayer Brown Still Won't Fly

    A special master has recommended that most of the claims against Mayer Brown LLP and auditor Grant Thornton LLP be dismissed in the Refco Inc. bankruptcy trustee's case alleging the firms knew about the financial company’s massive fraud scheme, thwarting yet another attempt by the trustee to put Mayer Brown on the hook.

  • June 4, 2010

    Hartford Reaches $72.5M Deal In Annuity RICO Suit

    The Hartford Financial Services Group Inc. has reached a $72.5 million settlement with a class of plaintiffs alleging the company violated the Racketeer Influenced and Corrupt Organizations Act by unfairly charging fees for structured settlement annuities.