Only a few weeks after he dismissed a shareholder derivative suit against Xethanol Corp.'s board of directors, a federal judge has sustained a consolidated securities suit against the company itself.
Bankrupt subprime lender Aegis Mortgage Corp. moved on Friday to change its plan to compensate hundreds of its terminated employees, saying that many had been given short shrift due to unforeseen circumstances and procedural errors.
The U.S. Trustee and creditors of Alliance Mortgage Investments Inc. have continued to spar over the election of a permanent trustee to oversee the bankrupt mortgage lender's Chapter 7 case, even arguing over the date of an upcoming hearing.
Two weeks after filing its Chapter 11 liquidation plan, bankrupt book marketer Advanced Marketing Services Inc. has asked the court to approve its disclosure statement and establish procedures for creditors to vote on the plan.
Friday proved to be bittersweet for bankrupt mortgage lender New Century Financial Corp., which finally settled a dispute with Chase Home Finance LLC and F-Flats LLC over a Las Vegas property as it saw its protective stay against two other lenders lifted.
A case demanding $800 million from energy giant Consol Energy Inc. was moved to a West Virginia district court on Thursday, after the company successfully argued that a county court lacked jurisdiction over the matter.
Cellular phone maker Motorola Inc. was sued on Wednesday by a subsidiary of Fujifilm Holdings Corp. for allegedly infringing patents by using certain lenses in its popular brands of camera cell phones.
Barnes & Noble Inc. has agreed to pay $2.75 million to settle all pending shareholder derivative lawsuits that accused the bookseller of improperly backdating stock options.
Bankrupt manufacturer Radnor Holdings Corp. has requested an extension of the exclusive period during which it can solicit acceptance for its reorganization plan.
The directors of JPMorgan Chase & Co. and the shareholders suing them over a 2004 merger that was allegedly mismanaged at a cost of $7 billion have both requested a temporary stay on discovery, hinting that a settlement may be in the offing.
The examiner appointed to investigate New Century Financial Corp. has requested more time to file his report, saying that the bankrupt subprime lender and its outside auditor have been slow to produce necessary documents and information.
A software company has denied claims that a fraud lawsuit aimed at former executives and attorneys for New Century Holdings Inc. was a thinly veiled attempt to violate the automatic stay shielding the bankrupt lender.
A federal appeals court panel has upheld both the validity of Forest Laboratories Inc.’s patent on the blockbuster antidepressant drug Lexapro and an injunction thwarting Ivax Pharmaceuticals Corp.’s plans to market a generic.
Lenovo Group Ltd. on Tuesday became the latest technology company to settle allegations that it infringed on 3M Corp.'s lithium ion battery patents.
As Delta Mills Inc. tries to rally support for its amended plan of liquidation, GMAC Commerical Finance LLC continues to throw up its hands over the terms.
A feud over compensation sought by the financial advisers of bankrupt Werner Holding Co. has taken a curious turn, with a creditor now decrying fees for work performed defending the fees.
A federal judge dismissed most—but not all—of the claims brought by state attorneys general against Dynamic Random Access Memory manufacturers on Friday in an ongoing multidistrict antitrust litigation over alleged price-fixing in the industry.
German licensing company Papst Licensing GMbH & Co. KG has reached a licensing agreement with Seagate Technology which the company says brings every hard-disk drive manufacturer around the world under its patent umbrella for the same technology.
In a blow to Iridium's unsecured creditors, a federal bankruptcy judge has partially rejected the idea that Motorola is to blame for the satellite-based mobile phone unit's collapse, putting a damper on their quest to regain $3.4 billion from the technology giant.
A federal judge has denied a bid by JPMorgan Chase & Co.'s former senior vice president to reconsider an earlier ruling granting the company's motion for summary judgment on her breach of contract claim over clawback stock award compensation she received before jumping to Charter One Bank.