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Corporate

  • October 28, 2010

    Shearman Reps Boston Sci In $2B Unit Sale To Stryker

    Stryker Corp. has agreed to buy Boston Scientific Corp.'s neurovascular business for $1.5 billion in cash in a move to become a leader in the $900 million market for medical devices to treat strokes and other conditions.

  • October 28, 2010

    Nissan Recalls 2M Cars Over Electrical Flaw

    Nissan North America Inc. on Thursday voluntarily recalled some 2.14 million vehicles worldwide, citing an electrical defect that could cause cars to slow or stall.

  • October 27, 2010

    NY Consumers Denied Cert. In McDonald's False Ad Suit

    A group of New York state residents on Wednesday lost its bid for class certification in a suit alleging McDonald's Corp. orchestrated a long-running marketing scheme that misled consumers into believing its food could be consumed on a daily basis without incurring any adverse health effects.

  • October 27, 2010

    Ex-HannStar Exec Pleads Guilty To LCD Price-Fixing

    A former executive from HannStar Display Corp. has agreed to plead guilty to price-fixing charges as part of a wide-ranging U.S. antitrust investigation into the market for liquid crystal display panels.

  • October 27, 2010

    Customers Sue Cablevision For $450M Over Fox Block

    A putative class of Cablevision Systems Corp. customers has accused the cable television powerhouse of wrongfully denying them access to News Corp.’s Fox channels, seeking as much as $450 million in damages from the company for breach of contract.

  • October 27, 2010

    Judge Refuses To Nullify Blagojevich's Conviction

    A federal judge refused on Wednesday to throw out the lone conviction of former Illinois Gov. Rod Blagojevich, finding that poorly alleged prosecutorial misconduct offered no reason to reject the jury's verdict.

  • October 27, 2010

    Dubai World Creditors OK $25B Restructuring

    Dubai World has reportedly gained full support from its creditors for a $24.9 billion restructuring plan, bringing the state-owned conglomerate's struggle with a massive debt load one step closer to completion.

  • October 27, 2010

    Alston, Latham Rep Carlyle In $4B CommScope Deal

    The Carlyle Group has inked a deal to acquire telecommunications equipment company CommScope Inc. in a deal valued at approximately $3.9 billion that will take the company private.

  • October 27, 2010

    UN General Assembly Again Rips US' Cuba Embargo

    The United Nations General Assembly has again voted overwhelmingly to end the U.S. embargo against the island nation of Cuba, which has been in place since soon after Communist revolutionary Fidel Castro seized power in 1959.

  • October 26, 2010

    Injunction Pulls Plug On Lime Wire File-Sharing Service

    Lime Wire LLC stopped distributing and supporting its file-sharing service on Tuesday after the federal judge in charge of a copyright case brought against Lime Wire by the recording industry signed off on a permanent injunction.

  • October 26, 2010

    Baker & McKenzie Hit With $100M Malpractice Verdict

    A jury has returned a roughly $100 million verdict against Baker & McKenzie LLP and one of its attorneys, whom a Mississippi man accused of only representing him long enough to help his partner in an oil venture seize his assets.

  • October 26, 2010

    GSK To Pay Record $750M Whistleblower Settlement

    British pharmaceutical giant GlaxoSmithKline PLC has agreed to pay $750 million — $96 million of which will go to a whistleblower — to resolve criminal and civil complaints alleging the company mixed up medications and manufactured defective drugs for years at its now-shuttered Puerto Rico factory.

  • October 26, 2010

    Boeing Settles B-1 Bomber Decoy Dispute For $4M

    Boeing Co. has agreed to pay $4 million to settle civil allegations brought by the U.S. government, which accused the company of charging the Air Force too much for a $35 million single-source defense contract for B-1 bomber parts.

  • October 26, 2010

    EU Forges Watershed Hedge Fund Regulations

    European Union legislators have agreed on proposed regulations for private equity and hedge funds and are poised to enact new laws establishing greater oversight of the sector, including reporting requirements, investor protections and checks against asset stripping.

  • October 26, 2010

    SEC Asks Apollo Group For More Info In Informal Probe

    The U.S. Securities and Exchange Commission's Enforcement Division is seeking additional information from Apollo Group Inc. on its insider trading policies and more in an ongoing informal inquiry of the for-profit company that runs the University of Phoenix.

  • October 26, 2010

    CFTC Targets Market Manipulation In New Rules

    The U.S. Commodity Futures Trading Commission on Tuesday approved proposed rules that would create a new regulatory framework for preventing market manipulation.

  • October 26, 2010

    BofA Sues Fraudster Starr Over $500K Loan

    Bank of America NA has lodged a suit against infamous money manager Kenneth Ira Starr — who pled guilty in September to a $59 million fraud scheme — over an unpaid $500,000 loan.

  • October 25, 2010

    NCAA Sacked With Scholarship Antitrust Class Suit

    A former Rice University football player has slapped the National Collegiate Athletic Association with a putative class action alleging that NCAA member schools have conspired to keep bachelor's degree prices for student athletes artificially high by placing limits on athletic scholarships and grants.

  • October 25, 2010

    Judge Speedily Dismisses Stanford’s Latest Request

    A judge has dismissed a motion by Texas financier Robert Allen Stanford, imprisoned since June 2009 for an alleged $8 billion Ponzi scheme, to release him pending trial for violations of the Speedy Trial Act, saying Stanford himself was responsible for most of the delay.

  • October 25, 2010

    Sillybandz Maker Targets Wal-Mart For Infringement

    The maker of the popular brightly colored rubber band accessory Sillybandz has launched a suit accusing retail giant Wal-Mart Stores Inc. of selling products that rip off its unique design and packaging.