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  • September 7, 2006

    Time Warner Settlement Calls For Better Compliance

    Media conglomerate Time Warner Inc. will change its governance and compliance rules to improve oversight and boost board independence after a federal judge approved a settlement Wednesday in a series of derivative lawsuits.

  • September 7, 2006

    Acambis Gets Boost With Smallpox Vaccine Ruling

    An International Trade Commission administrative law judge has ruled that Bavarian Nordic's patents for a smallpox vaccine are invalid, which may give rival Acambis a leg up in a battle over millions in U.S. anti-terror funding.

  • September 7, 2006

    Cable, Telecom Giants Targeted Over Call Technology

    Aggressive patent holding company Ronald A. Katz Technology Licensing LP has snared Time Warner Cable Inc. and a host of other corporate giants in a suit, alleging infringement of more than two dozen of its patents covering an interactive call-processing system.

  • September 6, 2006

    3M Brings Suit Over Water-Filter Patents

    Water-filter maker 3M has sprayed subsidiaries of Clorox Co. and retailer Sears Roebuck & Co. with a lawsuit, claiming they violated two of its patents covering a cartridge-based water purification and filtration system.

  • September 6, 2006

    Fans Lining Up For Tower Records Sale

    At least 12 prospective buyers have bid for Tower Records, the unit of MTS Inc. that declared bankruptcy in August, according to an investment banker for the record store.

  • September 5, 2006

    IRS, Trustee Object To Owens Corning's Chapter 11 Plan

    A spate of objections has peppered the docket of Owens Corning’s Chapter 11 case in recent days, as a Sept. 18 confirmation hearing on the bankrupt fiberglass maker’s reorganization plan approaches.

  • September 1, 2006

    ABB Resolves Lummus Asbestos Claims

    Swiss-based engineering giant ABB Ltd. said Friday it had resolved asbestos claims against Lummus, its U.S. subsidiary, in a move that puts to rest the unit’s asbestos liabilities and opens the door for its sale.

  • August 31, 2006

    Valassis Seeks To Cut And Run From Advo Deal

    Valassis Communications Inc. has sued Advo Inc. to pull out of its $1.3 billion proposed merger deal combining the two advertising and direct-marketing companies, claiming that Advo misrepresented its financial health and neglected to disclose internal control deficiencies.

  • August 30, 2006

    Pfizer Gets Setback In Lipitor Patent Battle

    Lending a boost to Ranbaxy Laboratories’ global crusade, a Norwegian court has denied Pfizer Inc.’s claim that the Indian drug maker has infringed two patents related to blockbuster cholesterol drug Lipitor.

  • August 29, 2006

    J.L. French Withdraws Objections To Claims

    The debtors in J.L. French’s bankruptcy case decided to withdraw, without prejudice, objections brought against the auto parts company’s claims on Monday.

  • August 28, 2006

    After Court Loss, Biotech Company Removes Enzyme

    Danisco subsidiary Genencor International Inc. announced Friday that it was withdrawing Spezyme Ethyl—an alpha amylase enzyme used in ethanol production—from the market.

  • August 28, 2006

    FDA Rejects EPIX Appeal To Avoid New Trials

    On Monday, the U.S. Food and Drug Administration denied an appeal from drug maker EPIX Pharmaceuticals Inc. to avoid a second round of trials for Vasovist, an injectible product already approved in Europe for use in magnetic resonance imaging (MRI).

  • August 25, 2006

    Finova Forks Over $95M – For Now

    A federal judge ruled Thursday that Finova Capital Corp. will have to hand back about $95 million to Thaxton Group Inc., a bankrupt operator of small loan offices.

  • August 25, 2006

    Ex-CEO Claims Company Ignored Auditor Warnings

    Real estate developer Mills Corp. deliberately ignored warnings from its outside auditor about faulty accounting practices, according to a lawsuit filed against the company by its former CEO.

  • August 24, 2006

    Lawsuit Filed Over Hemophilia Drug

    Wyeth subsidiary Genetics Institute has sued Baxter Healthcare Corp. for breach of contract regarding the hemophilia drug Recombinate.

  • August 24, 2006

    Tower Records Seeks To Hire O’Melveny & Myers

    Tower Records Inc., which filed for Chapter 11 last week, has asked the bankruptcy court for permission to retain O’Melveny & Myers LLP as its co-counsel.

  • August 25, 2006

    DLA Piper Pilfers Top Philly Antitrust Attorney

    DLA Piper Rudnick Gray Cary US LLP has nabbed another seasoned antitrust attorney to join the firm’s litigation practice group as a partner in the Philadelphia office.

  • August 25, 2006

    Chicago Board of Trade Sues Options Exchange

    The Chicago Board Options Exchange called off merger discussions with the Chicago Board of Trade, just a few hours before the CBOT lodged a lawsuit against the options exchange.

  • August 23, 2006

    Judge Allows Riverstone To Overhaul Shareholder Deal

    Nearly three months after Riverstone Networks Inc. asked for court approval to revamp an old shareholder lawsuit settlement, a federal judge has given the green light to the bid, enabling the bankrupt ethernet provider to recoup nearly $1 million in fees originally paid to shareholders’ lawyers.

  • August 22, 2006

    Bradley Pharmaceutical Director Steps Down

    Looking to avoid the “cost and burden” of a shareholder lawsuit, the director of Bradley Pharmaceuticals Inc. gave up his post, but was subsequently re-elected to the board after another director resigned.