Netflix Inc. and Wal-Mart Stores Inc. — already facing a putative class action claiming that they colluded to divide the rental and retail markets for DVDs, driving up Netflix subscription prices — have been hit with new claims that the alleged scheme allowed Wal-Mart to overcharge for DVD sales.
A group of assistant store managers has hit Rite Aid Corp. and subsidiary Eckerd Corp. with a putative class action under the Ohio Minimum Fair Wage Standards Act, claiming the managers were unfairly exempted from overtime pay.
A Florida appeals court has backed the decision by the state’s insurance regulator to bar cash-strapped State Farm Florida Insurance Co. from hiking home insurance rates by 47 percent.
A federal judge has dismissed a lawsuit brought by a health fund alleging it was duped by AstraZeneca Pharmaceuticals LP and ended up paying millions in reimbursements for prescriptions of the antipsychotic Seroquel that were medically unnecessary.
Akerman Senterfitt recently allowed associates to review the firm's financial situation before instituting across-the-board pay cuts on all associate class years by 10 percent — but the move reportedly has some critics asking whether the belt-tightening was necessary.
Foreign exchange trading platform Forex Capital Markets LLC does not bare any vicarious liability for a partner company that was found guilty of defrauding investors in 2005, a federal appeals court ruled Tuesday, rejecting an appeal filed by the U.S. Commodity Futures Trading Commission.
A federal judge overseeing multidistrict litigation over a long-running water battle involving three states and the U.S. Army Corps of Engineers has held that the Corps, which operates Lake Lanier in Georgia, illegally tapped the lake in order to supply Atlanta residents with drinking water.
Plaintiffs seeking the admission of expert noncausation testimony in the multidistrict litigation over AstraZeneca Pharmaceuticals LP's antipsychotic Seroquel have largely won another round in the battle over what can be presented to the jury when the sprawling case heads to trial.
In an infringement battle waged by a patent-holding company against a slew of companies that offer media files online, Quito Enterprises LLC and one of the defendants in the case, Amazon.com Inc., have moved to settle.
PricewaterhouseCoopers International Ltd. has won court approval to pay out roughly $23 million to settle allegations that the auditor facilitated a billion-dollar fraud perpetrated by hedge fund Lancer Management Group.
A group of former mechanics for the Goodyear Tire & Rubber Co. is seeking conditional certification of a collective action accusing the company of failing to pay proper overtime.
Mississippi Attorney General Jim Hood has issued an alert to residents in the state about drywall imported from China, saying officials have received multiple complaints from concerned homeowners.
Finding some claims barred by the statute of limitations, a judge has thrown out a portion of a breach of contract and fiduciary duty suit against Mintz Levin Cohn Ferris Glovsky & Popeo PC brought by Larry Klayman – the founder and former chairman of conservative group Judicial Watch – over a 2003 severance agreement.
Westchester Fire Insurance Co. and ACE USA have objected to LandSource Communities LLC's Chapter 11 plan of reorganization, expressing concerns that the reorganized company will duck out on the indemnification it owes them for loans to four of the debtor companies.
Florida financier William L. Gunlicks has lost yet another attempt to access his assets, which were frozen as part of the U.S. Securities and Exchange Commission's $550 million fraud case against him and his company, Founding Partners Capital Management Co.
In a settlement, Merck & Co. and Schering-Plough Corp. have agreed to reimburse 35 states and the District of Columbia for the costs associated with investigating a delay in the companies' release of negative results of a clinical trial of the jointly marketed cholesterol treatment Vytorin.
Seven months after Canadian telecommunications equipment maker Nortel Networks Inc. sought bankruptcy protection, its Latin American and Caribbean subsidiary Nortel Networks CALA Inc. has also filed for Chapter 11.
The U.S. Securities and Exchange Commission has filed complaints against 11 individuals over their alleged involvement in insider trading schemes related to the Odyssey Investment Partners-Neff Corp. and Liberty Mutual Insurance Co.-Safeco Corp. mergers.
AstraZeneca LP is demanding that the judge overseeing the product liability litigation involving Seroquel limit further fact discovery to just the diabetes injury claims, arguing that the plaintiffs have had plenty of time to pursue discovery related to other injuries purportedly caused by the antipsychotic drug.
Adding to the list of parties challenging WCI Communities Inc.'s latest reorganization plan, a group of Chinese drywall claimants is arguing that the real estate developer failed to adequately describe the risks a new WCI might face from homeowners filing claims over the defective building material.