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  • March 12, 2009

    Plaintiff Asks To Unseal Seroquel Materials For FDA

    A man who claims that AstraZeneca Pharmaceuticals LP's Seroquel XR caused his diabetes has asked a New Jersey judge to unseal discovery materials related to clinical trials of the drug in order to share the information with the U.S. Food and Drug Administration as it considers widening the anti-psychotic's use as an antidepressant.

  • March 11, 2009

    Seroquel MDL Judge Upholds Ban On Foreign Evidence

    AstraZeneca LP has prevailed in its battle to keep out evidence of overseas regulatory actions from upcoming trials in multidistrict U.S. litigation over the drugmaker's blockbuster anti-psychotic medication Seroquel.

  • March 11, 2009

    Assurant Cos. Seek $20M From Failed Reinsurer

    Four entities of specialty insurance provider Assurant Solutions have filed suit against defunct reinsurance carrier Inter-Ocean Reinsurance Co. Ltd. accusing the reinsurer of breach of contract in failing to cover about $20 million of Assurant’s aggregate losses.

  • March 11, 2009

    Citing War Perils, Aero Sues For Coverage Of Engines

    Aviation repair company Aero Technologies LLC has sued insurance broker Lockton Cos. International Ltd. and Lloyd's of London for allegedly failing to cover a loss of nine engines leased to Mexican airline Aero California, which were confiscated when the airline was shut down by Mexican officials over unpaid debt and labor issues.

  • March 11, 2009

    Wilma Claim Issue Sent To Fla. High Court

    The U.S. Court of Appeals for the Eleventh Circuit has declined to rule in an insurance spat arising from Hurricane Wilma, sending back the question over whether a claim brought by an insured against an insurer for failing to investigate a claim within a certain period of time to the Florida Supreme Court for certification.

  • March 10, 2009

    Citigroup Sued For Failing To Repay $120M In ARS

    Citigroup Global Markets Inc. has been hit with a lawsuit from two financial firms that claim the bank left them stranded with more than $120 million in illiquid auction rate securities and then failed to make good on its settlement with state regulators, under which it was to provide liquidity solutions to institutional investors.

  • March 9, 2009

    Judge Consolidates Suits Over Colonial TARP Funding

    A federal judge has consolidated four securities class actions alleging that Colonial BancGroup Inc. and its leaders made misleading statements about its participation in the Troubled Assets Relief Program.

  • March 9, 2009

    Watson To Pay Elan $18M To Settle Naprelan IP Suit

    Watson Pharmaceuticals Inc. will pay $18 million to Elan Corp. PLC to settle patent litigation over Watson's generic version of Naprelan, or naproxen sodium tablets, Watson announced Friday.

  • March 9, 2009

    Schering Merger Includes Legal Headaches For Merck

    As Merck & Co. prepares to join forces with Schering-Plough Co. in a $41.1 billion deal, the drugmaker stands ready to inherit a host of legal problems — including antitrust, employment, intellectual property and product liability suits — right along with an expanded arsenal of drugs and medical technology.

  • March 9, 2009

    Marsh & McLennan Wins Wind Damage Policy Spat

    A Florida condominium company has lost a lawsuit claiming that insurance broker Marsh & McLennan Cos. Inc. failed to secure an adequate wind damage policy covering the damages caused by hurricanes Frances and Jeanne.

  • March 17, 2009

    Financial Crisis Litigation Wave Forming Its Crest

    Massive financial calamity is often accompanied by great, crashing waves of litigation. Although the raw numbers of lawsuits filed following the generalized meltdown of the financial markets are up at historic levels, those expecting an even bigger wave shouldn't put away their surfboards yet.

  • March 6, 2009

    Judge OKs $6M DIP Loan For Tarragon

    The bankruptcy judge overseeing the Chapter 11 case of Tarragon Corp. has signed off on the real estate developer's bid to tap up to $6.25 million in post-petition financing to keep its business afloat during its restructuring period.

  • March 6, 2009

    J&J Seeks To Halt Bausch & Lomb 'Raid On Talent'

    Johnson & Johnson subsidiary Vistakon Pharmaceuticals LLC asked a federal judge Thursday to put an end to Bausch & Lomb Inc.’s “flagrant pirating” of Vistakon’s sales force, days after filing suit over the alleged wrongdoing.

  • March 6, 2009

    Low On Fuel, RV Maker Monaco Coach Files For Ch. 11

    Monaco Coach Corp. filed for Chapter 11 bankruptcy protection Thursday, three days after the leading recreational vehicle maker announced it had laid off the majority of its remaining work force and was seeking additional financing or a corporate transaction in order to stay afloat.

  • March 6, 2009

    Shook Hardy Launches Land Use Litigation Practice

    Anticipating an upswing in land use lawsuits as demographic shifts and development threaten environmentally sensitive areas, Shook Hardy & Bacon LLP has launched a land use litigation practice out of its Miami office.

  • March 6, 2009

    Pediatrix Settles SEC Backdating Claims

    Pediatrix Medical Group Inc. has reached an agreement with federal regulators settling claims that the company backdated stock options grants to executives and employees from 1997 to 2000.

  • March 5, 2009

    Judge Sanctions Reed Smith In Insurance Claim Spat

    A U.S. magistrate judge has ruled that Reed Smith LLP deliberately misled the court and was liable for payment of discovery sanctions in a coverage dispute between Lexington Insurance Co. and the law firm's client, bankrupt Florida resort owner Bray & Gillespie Management LLC.

  • March 5, 2009

    Creditors Stand Behind Kimball Hill Liquidation Plan

    Creditors for Kimball Hill Inc. have endorsed the bankrupt homebuilder’s plan of liquidation, clearing the stage for the plan’s confirmation hearing Monday.

  • March 5, 2009

    Magna Entertainment Files For Ch. 11

    Racetrack betting operator Magna Entertainment Corp. and several of its subsidiaries have sought Chapter 11 protection, unable to shake a debt burden of $600 million even after numerous attempts at restructuring.

  • March 5, 2009

    Judge Rejects Sanctions For WVa In Zyprexa MDL

    A federal magistrate judge in charge of discovery in the multidistrict litigation over Eli Lilly & Co.'s anti-psychotic drug Zyprexa has denied the drugmaker's motion for sanctions against West Virginia's attorney general, saying the state's failure to produce a usable Medicaid database was neither in bad faith nor willful.