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  • February 7, 2008

    Shareholders Hit NEGI With Derivative Class Action

    National Energy Group Inc. disclosed Thursday that it has been hit with a shareholder derivative and class action lawsuit related to the company's November 2006 sale of its noncontrolling 50% membership interest in NEG Holding LLC.

  • February 6, 2008

    Walgreens, OfficeMax Pulled Into Web Patent Suit

    A Texas-based patent-holding company that has sued several companies for allegedly infringing technology vital to searching certain Web pages has now set its sights on Walgreen Co., OfficeMax Inc. and Saks Inc.

  • February 6, 2008

    Amp'd Suits Seeks $10M In Pre-Bankruptcy Payments

    Defunct mobile phone carrier Amp'd Mobile LLC has fired off 20 lawsuits against parties involved in its bankruptcy proceedings, hoping to recover over $10 million it paid to creditors before diving for Chapter 11 protection.

  • February 6, 2008

    Wickes Furniture Asks Court For Quick Sale

    Days after filing for Chapter 11, national furniture retailer Wickes Furniture Co. Inc. is planning to sell off its assets and is asking the court to allow it to decide the best way to complete the sale.

  • February 6, 2008

    Dura Execs Will Skip Bonuses To Please Creditors

    Four top executives at Dura Automotive Systems Inc. have agreed to forgo millions of dollars in bonuses to improve the chances that the bankrupt auto parts maker's Key Management Incentive Plan will be approved.

  • February 6, 2008

    Pending Case Buys SCO 120 More Days Of Exclusivity

    The SCO Group Inc. has won 120-day extensions of its exclusive rights to file and seek support for a reorganization plan. The company persuaded the judge overseeing its Chapter 11 case that a trial staved off by SCO's bankruptcy filing should be resolved before the debtors put together a blueprint for restructuring.

  • February 5, 2008

    New Century Files Sparse Reorganization Plan

    Though bankrupt home lender New Century Financial Corp. has filed its Chapter 11 reorganization plan, the document leaves blank several key details, including how the company will pay the $35 billion in claims that have been filed in the bankruptcy proceedings.

  • February 5, 2008

    Abbott Sues To Block Generic Depakote, Again

    Abbott Laboratories has moved again to forestall a generic version of its billion-dollar anti-seizure drug Depakote, lobbing a lawsuit at Sun Pharmaceutical Industries Ltd. that claims Sun's proposed generic medication infringes on its patents.

  • February 5, 2008

    Fry's Resists Paying Fees In Intel Antitrust Case

    A retail computer chain entangled in a consumer antitrust class action against Intel Corp. has balked at calls to foot a court-appointed officer's bill, telling a federal judge it should not be sanctioned for holding up discovery to protect its trade secrets.

  • February 4, 2008

    American LaFrance Files Reorganization Plan

    Only one week after it pledged a rapid exit from Chapter 11, American LaFrance LLC has filed a reorganization plan and an alternative motion to be sold in the event its plan is not approved.

  • February 4, 2008

    Old Testimony Spurs New Claims In Amgen-Ariad Suit

    A federal judge has cleared the way for Amgen Inc. to add new claims of inequitable conduct to the declaratory judgment suit against Ariad Pharmaceuticals Inc. over its arthritis treatment patent.

  • February 4, 2008

    Subprime Crisis Lands Furniture Retailer In Ch. 11

    National furniture retailer Wickes Furniture Co. Inc. has filed for bankruptcy protection, saying a downturn in sales in the past year pushed the company into Chapter 11.

  • February 5, 2008

    Lack Of Standing Halts Quantum's Infringement Suit

    A federal judge has dismissed patent infringement claims brought by data backup technology company Quantum Corp. against Riverbed Technology Inc., ruling that the company lacked the rights to assert infringement of a patent on a data management technology when it filed suit last year.

  • February 4, 2008

    Medical Device Co. Sued Over Valve Patent

    An Indiana-based medical device manufacturer has asked a German court to stop rival Edwards Lifesciences Corp. from manufacturing an artificial heart valve that allegedly infringes its patent.

  • February 4, 2008

    Agilent Hits Ex-Employees With Trade Secrets Suit

    Chemical analysis firm Agilent Technologies Inc. has sued Advanced Materials Technology Inc., a company founded by three former employees, alleging they stole Agilent trade secrets to create a rival product.

  • February 1, 2008

    Boehringer Sues Apotex To Protect Zantac Patent

    Boehringer Ingelheim Pharmaceuticals Inc. is suing Apotex Inc., claiming the Canadian company’s generic version of its over-the-counter heartburn treatment Zantac infringes a Boehringer patent.

  • January 31, 2008

    Fedders Gets Green Light To Sell HVAC Unit

    A federal bankruptcy judge has paved the way for Fedders Corp. to put its commercial heating and cooling systems manufacturing unit up for sale next week.

  • January 30, 2008

    Dura Clears Roadblock To Ch. 11 Exit

    Dura Automotive Systems Inc. has scored approval for a $170 million exit financing package, furnishing the embattled supplier with another six months to devise a way out of bankruptcy.

  • January 30, 2008

    Blackstone Hit With Suit Over Failed Merger

    Alliance Data Systems Corp. sued two affiliates of the Blackstone Group on Monday, demanding completion of the companies' planned $7.8 billion merger on the same day that it announced that Blackstone had backed out of its proposed purchase.

  • January 30, 2008

    New Century To File Chapter 11 Plan By Feb. 21

    Bankrupt subprime lender New Century Financial Corp. has asked for an extension of its exclusivity period, giving the company until Feb. 21, 2008, to file its liquidation plan.