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Corporate

  • February 14, 2011

    Best Buy Faces Trade Secrets Suit Over Buy-Back Plan

    A startup company has accused Best Buy Co. Inc. of stealing the idea for its much-hyped electronics buy-back program in violation of a confidentiality agreement.

  • February 14, 2011

    Obama Takes Aim At Pay-For-Delay In 2012 Budget

    President Barack Obama has made two budget proposals that could hurt brand-name drug giants, seeking to slash their 12-year exclusivity period and do away with pay-for-delay settlements with generic-drug makers.

  • February 14, 2011

    DOJ Could Get $28B Bump In 2012 Budget

    President Barack Obama's proposed 2012 budget for the U.S. Department of Justice would bump up funding for investigations into financial fraud and the Deepwater Horizon oil spill, paid in part by reducing money for the local detention of illegal immigrants.

  • February 14, 2011

    SEC Ignored Red Flags In Westridge Fraud: IG Report

    Analysts at the U.S. Securities and Exchange Commission’s Los Angeles office failed to follow up on numerous red flags during a 2005 investigation of a company later implicated in a $670 million Ponzi scheme, the agency’s inspector general has said.

  • February 14, 2011

    Ecuadorean Court Hits Chevron With $8B Judgment

    An Ecuadorean court has slapped Chevron Corp. with a judgment of at least $8 billion in a high-profile lawsuit over pollution and contamination in the Amazon rain forest.

  • February 14, 2011

    Merck Wins 1st State Fosamax Trial In NJ

    A New Jersey jury sided with Merck & Co. Inc. on Monday in the first Fosamax case to go to trial in a state court, freeing the company from claims its osteoporosis drug was to blame for a woman's jaw bone decay.

  • February 14, 2011

    Obama Budget Gives IP Enforcement Shot In The Arm

    President Barack Obama's proposed 2012 budget, announced Monday, calls for $2.7 billion in resources for the U.S. Patent and Trademark Office and $526 million for the International Trade Administration to boost intellectual property protection at home and abroad.

  • February 14, 2011

    Iran Ordered To Pay $23M In Helicopter IP Suit

    Bell Helicopter Textron Inc. has been awarded $22.5 million in its suit accusing the government of Iran of selling helicopters that infringe the company's trade dress and design patents.

  • February 11, 2011

    SEC Hits 3 IndyMac Execs With Fraud Charges

    The U.S. Securities and Exchange Commission filed suit against three former executives of bankrupt IndyMac Bancorp Inc. on Friday, saying they misled investors about the mortgage lender’s deteriorating condition while trying to sell IndyMac shares.

  • February 11, 2011

    US Takes China Steel, Payment Card Disputes To WTO

    The U.S. said Friday that it had asked the World Trade Organization to resolve two disputes with China over its imposition of duties on American steel imports and its alleged discriminatory treatment of American payment card companies.

  • February 11, 2011

    Possible $113B Award Barred In Chevron Ecuador Case

    An international arbitration panel has ordered Ecuador to block enforcement of an anticipated ruling of as much as $113 billion against Chevron Corp. in a bitter legal battle over pollution in the Amazon rain forest.

  • February 11, 2011

    Barclays' Alleged Deceit May Delay $5B Del Monte Deal

    A Delaware judge overseeing a putative shareholder class action said Friday he would likely delay a private equity group's proposed $5.3 billion acquisition of Del Monte Foods Co. after hearing evidence Barclays Capital deceived Del Monte directors about the deal.

  • February 11, 2011

    Burger King Franchisee Class Reopens Pricing Fight

    A federal judge has decided to let Burger King Corp. franchisees refile a class action accusing the company of lowering cheeseburger prices in a bad faith breach of contract, backing off an initial dismissal with prejudice.

  • February 11, 2011

    Mattel Says MGA CEO Helped Trash Docs In Bratz Brawl

    Mattel Inc. has accused the head of MGA Entertainment Inc. of destroying evidence in their seven-year legal fight over the rights to Bratz dolls, which were designed by an MGA employee allegedly still under contract to Mattel.

  • February 10, 2011

    State Street Sued By Ark. Fund Over Forex Deals

    Boston-based custody bank State Street Corp. was hit with a proposed class action Thursday by an Arkansas pension fund alleging it overcharged for foreign currency exchange transactions.

  • February 10, 2011

    Mario Cuomo To Ref Madoff Trustee, Mets Showdown

    A bankruptcy judge tapped Mario M. Cuomo on Thursday to mediate a trustee's adversary fight accusing the owners of the New York Mets of reaping $300 million in bogus profits from Bernard L. Madoff's Ponzi scheme.

  • February 10, 2011

    Pa. Broker Pleads Guilty To Insider Trading

    The former chairman of Pennsylvania investment banking firm Keystone Equities Group has pled guilty to insider trading charges, admitting that he received tips from a former Ernst & Young LLP partner about impending corporate acquisitions.

  • February 10, 2011

    Blockbuster Eyes Auction As Creditors Balk

    Bankrupt video store chain Blockbuster Inc. is reportedly considering auctioning itself off after creditors declined to give the company more money to exit court protection.

  • February 10, 2011

    Ferrari Drops F150 Name For Race Car After Ford Sues

    Italian carmaker Ferrari SpA agreed Thursday stop using the F150 designation to describe its new F150th Italia race car a day after Ford Motor Co. filed a suit in Michigan claiming consumers could confuse the race car with its F-150 truck.

  • February 10, 2011

    2nd Circ. Revives Suit Over $4.5B Blackstone IPO

    The Second Circuit on Thursday revived a putative class action alleging that investment firm Blackstone Group LP failed to disclose material information to investors in connection with its $4.5 billion initial public offering in 2007.