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Corporate

  • January 4, 2010

    Chunghwa, LCD Purchasers Float $10M Antitrust Deal

    Direct purchasers have agreed to drop price-fixing allegations against Chunghwa Picture Tubes Ltd. in exchange for $10 million and Chunghwa’s continued cooperation in prosecuting other flat-panel display manufacturers in the multidistrict litigation.

  • January 4, 2010

    Ford, IBM, Daimler Dealt Setback In Apartheid Case

    A federal judge has refused to certify a bid by Ford Motor Co., Daimler AG and IBM Corp. for an interlocutory appeal on corporate statutory liability, a pivotal issue in a case accusing those corporations and others of aiding and abetting South Africa's former apartheid government.

  • January 4, 2010

    Credit Suisse Faces $24B Suit Over Resort Losses

    Credit Suisse AG has been hit with a $24 billion lawsuit from property owners claiming that the investment banking giant swindled investors in four luxury resort communities, including the Yellowstone Club in Montana, which filed for Chapter 11 in November 2008.

  • January 4, 2010

    Novartis Snaps Up Nestle's Alcon Share For $28.1B

    Swiss drug giant Novartis AG revealed plans Monday to gain full ownership of eye care company Alcon Inc. by forking over $28.1 billion for Nestle SA's majority stake and merging with Alcon to acquire the remaining minority stake.

  • January 1, 2010

    5 Keys To Success For Law Firms In 2010

    In the wake of a ravaging year for most law firms, legal consultants offer five tips that could help savvy firms grab market share from their peers.

  • December 23, 2009

    2nd Circ. Asks NY Court To Mull Refco Trustee Claims

    Not one to go down easy, the bankruptcy trustee for Refco Inc. brought his suit implicating Mayer Brown LLP, KPMG LLP and other corporate giants in the massive Refco fraud to a federal appeals court, which has now turned to New York’s highest court for guidance.

  • December 23, 2009

    Court Vacates EPA's Approval Of Bayer Pesticide

    A federal judge on Wednesday overturned the U.S. Environmental Protection Agency's approval of Bayer CropScience AG's pesticide spirotetramat because of the agency's failure to publish notice, handing a victory to advocacy groups concerned about the chemical's potential to harm bees.

  • December 23, 2009

    Finance Committee Favorably Reports 9 Nominees

    In the midst of the health care debate, the U.S. Senate Committee on Finance paused on Wednesday to favorably report nominations for several vacant positions in three executive departments in the federal government, including two spots in the Office of the U.S. Trade Representative.

  • December 23, 2009

    SEC Proposes Looser Rules On Investor Communication

    The U.S. Securities and Exchange Commission has proposed changing its rules governing securities offerings to allow dealers and underwriters to communicate directly with would-be investors before certain issuers register their offerings.

  • December 23, 2009

    Roche's Mircera Banned From U.S. In Amgen's Win

    A federal judge has enjoined Swiss drugmaker Hoffmann-La Roche Inc. from selling its anemia drug Mircera in the U.S. until mid-2014 following a settlement Roche reached with Amgen Inc. admitting that its medication infringes five patents for Amgen's own anemia drugs.

  • December 22, 2009

    $290M Award, Injunction Against Microsoft Upheld

    A federal appeals court has upheld a $290 million award against Microsoft Corp. in a patent suit filed against it by i4i LP and barred the technology giant from selling the latest version of its popular Word software.

  • December 22, 2009

    Former Quest CEO Resolves SEC Dispute

    The ex-CEO of Quest Resource Corp. and Quest Energy GP LLC has reached a deal with the U.S. Securities and Exchange Commission that would prevent him from ever holding office at a public company, partly putting to rest the regulator’s claims that he embezzled $10 million from his former companies.

  • December 22, 2009

    Lloyds Agrees To $217M Deal Over Iran Transactions

    Lloyds TSB Bank PLC has agreed to a $217 million fine for manipulating money transfers in a bid to help customers avoid sanctions placed on Iran, Sudan, Libya and other countries, the U.S. Department of the Treasury's Office of Foreign Assets Control announced Tuesday.

  • December 22, 2009

    Duke Energy Shells Out $93M Over Ind. Coal Plant

    Duke Energy Corp. has agreed to pay about $93 million to settle a long-running dispute over a polluting Indiana coal plant, seven months after a jury found it liable for violating the Clean Air Act.

  • December 22, 2009

    Senate Drops Repeal Of Insurance Antitrust Exemption

    In their fight to get health care reform legislation passed, U.S. Senate Democrats have abandoned a provision that effectively would repeal the health insurance industry's exemption from federal antitrust laws.

  • December 22, 2009

    UK Signs Off On Ticketmaster, Live Nation Merger

    U.K. competition authorities on Tuesday cleared the proposed $2.5 billion merger of Ticketmaster Entertainment Inc. and concert promoter Live Nation Inc., finding the combination would not curb competition in the ticket retailing and promotion of live music in the U.K. or among live music venues in the country.

  • December 21, 2009

    Calif. Court Nixes $34M Verdict In Novell Bonus Spat

    A California appeals court has overturned a $33.5 million verdict against Novell Inc. in a dispute brought by software developers alleging the technology company failed to pay bonuses due under its agreement to purchase DeFrame technology from TriPole Corp.

  • December 21, 2009

    China Loses Appeal Of WTO US Media Import Ruling

    The World Trade Organization's Appellate Body has affirmed a WTO dispute resolution panel's ruling ordering China to relax its import restrictions on films, books and other copyright-intensive media products coming from the U.S.

  • December 21, 2009

    BP Hit For $100M In Texas Workers' Toxic Fumes Suit

    A federal jury has ordered BP Products North America Inc. to pay more than $100 million in damages to 10 contract workers who allegedly sustained injuries from a purported gas leak at BP's Texas City, Texas, refinery in 2007.

  • December 21, 2009

    Senate Moves Forward With Health Care Vote

    The U.S. Senate voted early Monday to set up landmark health insurance reform legislation for a final vote that could come as soon as Christmas Eve.