A Biovail Corp. subsidiary has agreed to grant generics manufacturer Andrx Pharmaceuticals LLC an exclusive patent license to manufacture Biovail's popular hypertension drug Cardizem in exchange for an undisclosed royalty, bringing Biovail's infringement suit to a close, both companies announced Tuesday.
Collapsed New Century Financial Corp. has urged a bankruptcy judge to keep under wraps a report by an examiner appointed by the court to investigate the events surrounding the subprime mortgage giant's downfall.
Just after it was tossed from one patent suit over its "Keep the Change" program, Bank of America NA was sued by a different inventor Monday over a different patent.
A purchaser of HomeBanc Mortgage Corp.'s series A stock has alleged that, in the run-up to its offering, the bankrupt lender failed to disclose numerous adverse business circumstances as well as its plans to unload its high-quality loans in favor of subprime ones.
Bankrupt lender American Home Mortgage Holdings Inc. has asked the bankruptcy court to approve seven settlement agreements that will put to rest several pending pre-petition disputes.
With a confirmation hearing only days away, a senior noteholder has added his voice to the chorus of dissent surrounding Dura's reorganization plan, arguing that the Chapter 11 plan fails to account for “the little guy.”
In a setback for Abbott Laboratories, a federal judge has intercepted the medical device maker’s attempt to add allegations to its claims against Johnson & Johnson subsidiary Cordis Corp. and punted two related actions in a wide-ranging showdown over drug-eluting coronary stent patents.
While seeking a month-long extension of its exclusive period to file a plan for reorganization, New Century Financial Corp. said that almost $35 billion in claims have been lodged against it in its Chapter 11 proceedings.
A bankruptcy judge has agreed to lift the automatic stay protecting bankrupt technology company SCO Group Inc., allowing a stalled royalties dispute with rival Novell Inc. to proceed to trial.
Bankrupt diet bar maker Nellson Nutraceutical Inc. has received the go-ahead to spend some of its cash collateral as it looks to wind down its liquidation proceedings.
Electronics maker LG.Philips LCD has announced a settlement with its Taiwanese rival Chunghwa Picture Tubes Ltd. in a deal that lays to rest the pair's protracted patent dispute over liquid crystal display technology.
The same day Cordis Corp. launched a patent infringement suit against Abbott Laboratories over its Cypher drug-eluting stent, Johnson & Johnson and its subsidiary were targeted in separate lawsuits filed by Boston Scientific Corp. and MarcTec LLC.
The U.S. Federal Trade Commission agreed Tuesday to allow the Great Atlantic & Pacific Tea Co. to acquire Pathmark Stores Inc. for $1.3 billion but forced the companies to sell six of their stores before clearing the deal.
A Texas-based inventor who had sued his own attorneys for alleged malpractice over a patent application is now asserting the same microprocessing patent against more than 90 computer technology companies and retailers – including Microsoft Corp., Sony Corp. of America and Wal-Mart Stores Inc.
In a boost to the U.S. Environmental Protection Agency, a federal judge has agreed to stay a district action that challenges a final agency action regarding cooling water intake structures while an appeals court decides proper jurisdiction for the case.
The judge overseeing HomeBanc Mortgage Corp.'s Chapter 11 proceedings has given the bankrupt lender four more months to file a restructuring plan, after the debtors told the court that they needed an extension of their exclusive filing and solicitation rights so Homebanc could complete the sale of its servicing business.
New Jersey and Delaware locked horns over a 100-year-old boundary pact and a proposal by a BP subsidiary to build a liquefied natural gas plant with arguments before the U.S. Supreme Court on Tuesday.
A Delaware bankruptcy judge approved insulation maker Owens Corning's settlement with Ohio over the treatment of contaminated sites on Monday in a dispute left over from the company's bankruptcy.
Roche Diagnostics Operations Inc. has launched another legal battle to protect its blood glucose test strips for monitoring diabetes, this time accusing Abbott Diabetes Care Inc. and several other medical device makers of infringing two of its patents covering the technology.
Motorola Inc. and six other cable equipment manufacturers have launched an attack on Rembrandt Technologies LP after the patent-holding company sued their customers over digital television and high-speed Internet patents.