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