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.
Shutts & Bowen LLP has won its motion to compel arbitration of a former secretary's racial discrimination allegations against the firm.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
Dermatology company Stiefel Laboratories Inc. has accused KV Pharmaceutical Co. of infringing a patent for Duac topical gel, an acne medication.
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.
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.