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  • June 8, 2009

    Credit Suisse Settles Claims In Lancer Fraud Suit

    Credit Suisse SA has agreed to hand over $320,000 to settle claims from the court-appointed receiver seeking to recover funds for investors conned by a hedge fund adviser who pled guilty to masterminding a $1.1 billion investment fraud scheme.

  • June 5, 2009

    Shutts Wins Arbitration Bid In Race Bias Case

    Shutts & Bowen LLP has won its motion to compel arbitration of a former secretary's racial discrimination allegations against the firm.

  • June 8, 2009

    Fed. Circ. Remands Boat Patent Suit Over Jurisdiction

    Finding that the self-proclaimed inventor of a water-sports boat “wakeboard tower” lacked standing to assert his claims for correction of inventorship in federal court, an appeals court has vacated a district court's decision in favor of boat manufacturer Correct Craft Inc. and remanded the case to state court.

  • June 5, 2009

    Fla. Threatens To Revoke Liberty National's License

    Florida's insurance commissioner has ordered Liberty National Life Insurance Co. to show why the state should let the insurer keep its license, amid allegations that the company illegally discriminated against individuals seeking policies on the basis of their national origin — including more than half of all Haitian applicants.

  • June 5, 2009

    Abbott Accuses DOJ Of 'Massive' Spoliation

    Abbott Laboratories has filed a motion seeking sanctions against the U.S. Department of Justice, accusing it of spoliation of evidence “on a massive scale” in the antitrust suit alleging that the pharmaceutical industry conspired to artificially boost wholesale drug prices.

  • June 5, 2009

    Pollutant Transfer Isn't Discharge: 11th Circ.

    An appeals court has ruled that the transfer of a pollutant from one navigable body of water to another is not necessarily a “discharge of a pollutant” under the Clean Water Act, a move that comes amid several challenges to the U.S. Environmental Protection Agency’s recently enacted water transfer rule.

  • June 4, 2009

    Insurers Score Win Over Reichhold Faulty Resin Suits

    Finding that polymer maker Reichhold Inc.'s alleged sale of defective window resin is a breach of contract, a magistrate judge has recommended that National Union Fire Insurance Co. of Pittsburgh and other insurers not be required to provide coverage for lawsuits seeking more than $100 million in damages.

  • June 3, 2009

    Southwest Hit With Class Action Over Unsafe Planes

    Southwest Airlines Co. gambled with passengers' lives for years and should refund their ticket purchases, two customers have alleged in a proposed class action suit.

  • June 2, 2009

    SEC Seeks Ruling In $80M Trust Fund Plot Case

    The U.S. Securities and Exchange Commission has asked a federal court to rule in its favor in a case against a trust products company that allegedly raked in $80 million by charging fees of up to 85 percent on mutual funds it sold to thousands of Latin American investors.

  • June 3, 2009

    Force Chrysler To Comply With Lemon Laws: Groups

    Several national consumer groups have filed an appeal in Chrysler LLC's bankruptcy case, seeking an order requiring the automaker to honor every facet of every state lemon law.

  • June 2, 2009

    RJ Reynolds Ordered To Pay Smoker's Widow $30M

    A Florida jury has ordered R.J. Reynolds Tobacco Co. to hand over $30 million to a Florida widow whose husband died of lung cancer in 1995, in one of the first of many similar product liability and wrongful death suits against Big Tobacco to go to trial.

  • June 2, 2009

    Home Depot Safety Device May Infringe Patent: Judge

    A federal judge has found that a device used at Home Depot USA Inc. stores to improve the safety of radial arm saws used to cut lumber for customers does not literally infringe a patent held by a Florida-based inventor, but may infringe under the doctrine of equivalents.

  • June 2, 2009

    Class Status Sought In Hotel Clerk Overtime Suit

    The named plaintiff in a proposed overtime class action against hotel management company JHM Hotels LLC is seeking certification of a class consisting of all the front desk managers at hotels run by the company, including Marriott, Hyatt and Hilton franchises.

  • June 1, 2009

    High Court Seeks SG Input On 'Foreign-Cubed' Cases

    The U.S. Supreme Court has asked the solicitor general to weigh in on a federal appellate court holding that a shareholder lawsuit against an American mortgage service provider and its Australian parent company could not be heard in U.S. courts.

  • June 1, 2009

    Sanctions Upheld Against Fla. Hedge Fund

    A Florida hedge fund found to have sold investors $10 million in unregistered securities has lost a judicial challenge to a cease-and-desist order issued last year by the Colorado Securities Commission.

  • May 29, 2009

    Law Firm Mergers Accelerate In Early 2009: Survey

    U.S. law firm tie-ups have picked up speed this year, with more mergers and acquisitions completed in the first quarter of 2009 than in previous first quarters, according to a legal consulting firm’s survey.

  • May 29, 2009

    Bilski Kills Patent In 'Keep The Change' Suit V. BofA

    A federal judge has ruled that Bank of America Corp.'s “Keep the Change” program does not infringe Every Penny Counts Inc.'s patent for a system that allows consumers to save a portion of a credit or debit transaction, ruling that the U.S. Court of Appeals for the Federal Circuit's decision in In re: Bilski invalidates the patent.

  • May 29, 2009

    Stiefel Hits KV With Patent Suit Over Acne Gel

    Dermatology company Stiefel Laboratories Inc. has accused KV Pharmaceutical Co. of infringing a patent for Duac topical gel, an acne medication.

  • May 28, 2009

    SEC, FINRA Sue Brookstreet Brokers For Fraud

    The U.S. Securities and Exchange Commission and the Financial Industry Regulatory Authority have accused 16 brokers of a defunct brokerage firm of falsely marketing investments in derivatives of mortgage-backed securities as safe and suitable for retirees and others with conservative investment goals.

  • May 29, 2009

    Rembrandt, Harris Digital TV Patent Case Stayed

    A state court judge has halted Rembrandt Technology LP's suit for declaratory judgment against Harris Corp. over a patent related to digital television signals, saying both parties were using the action primarily to influence the outcome of multidistrict litigation over the same patent.