A federal judge has partially dismissed a securities class action against 21st Century Holding Company, a publicly traded insurer whose earnings allegedly were knowingly misrepresented by the company's founder and officers in violation of federal securities laws.
Morgan Stanley & Co. Inc. is asking a court to throw off a lawyer who used to represent the investment giant from various arbitration proceedings, arguing that he is using insider information to help its adversaries.
A federal judge has tossed a consolidated case brought by several union health and welfare benefit funds that claimed they were duped into paying hundreds of millions of dollars for the anti-psychotic drug Seroquel as a result of an allegedly fraudulent marketing campaign orchestrated by AstraZeneca Pharmaceuticals LP.
Mexican investors alleging bribery at work in the 1996 auction of Fresh Del Monte Produce NV have no standing to bring a case against the Palestinian company that purchased Del Monte, a Florida appeals court ruled Wednesday.
Ford Motor Co. vowed to appeal a $3.6 million verdict handed a woman who alleged that secondhand exposure to asbestos in brakes made by Ford and another company gave her terminal mesothelioma.
President-elect Barack Obama will have a chance to bring his avowed commitment to change to bear when he appoints a new commissioner for the U.S. Food and Drug Administration, an agency that drew criticism for ineffectiveness and letting political considerations trump science during the Bush administration.
The surprise passage of a highly controversial proposition to ban same-sex marriage in California has prompted a legal challenge to the state's highest court, potentially leaving employers vulnerable to sticky situations in the workplace while the validity of previously performed gay marriages hangs in the balance, lawyers say.
Tobacco company Liggett Group Inc. is trying to persuade Florida's highest court that a plaintiff must prove the existence of a safer cigarette design in order to prevail on a strict liability design defect claim.
The U.S. Securities and Exchange Commission has asked for a default judgment in a case against a defunct company that allegedly duped investors out of over $2 million by lying about an energy-efficient motor device and offering unregistered stocks.
Defendants in the wrongful death suit of passengers killed in Brazil's worst airline disaster have filed third-party complaints for indemnity against Brazilian airport oversight agency Infraero, alleging that poor airport conditions caused the crash.
All American Semiconductor Inc.'s unsecured creditors committee has proposed an amended plan of liquidation modifying the proposed flow of funds to the company's creditors, following a round of settlements earlier this year.
Ethanol producer VeraSun Energy Corp. has asked a bankruptcy judge to approve a new $30 million credit facility for some of its subsidiaries, part of a projected $250 million the company plans to obtain in debtor-in-possession financing.
Barclays Bank PLC, the debtor-in-possession financier for LandSource Communities Development LLC, on Wednesday filed a disclosure statement for the bankrupt real estate developer.
A unit of energy giant Royal Dutch Shell PLC is the latest company to be hit with a proposed collective action by its army of customer call center operators who were allegedly forced to work off the clock without pay.
Perhaps not surprisingly for a Harvard Law School graduate and former constitutional law professor, President-elect Obama has selected a large number of lawyers to join his transition team.
Workers at CSX Transportation Inc. who are suing the rail company for violations of the Family Medical Leave Act want a court to shield their medical records from scrutiny, saying the documents are irrelevant to the case.
A former supervisor at the U.S. Army Corps of Engineers in Florida pled guilty Tuesday to accepting bribes to allow farming on land that was supposed to be used for Everglades restoration.
Three white firefighters in West Palm Beach, Fla., have alleged that the city's fire department denied them the opportunity for promotion because of their race.
Abbott Laboratories continues to fend off challenges to its blockbuster drug TriCor, accusing Biovail Corp. on Monday of infringing numerous patents when Biovail sought permission from federal regulators to market a generic version of the cholesterol treatment.
A nonprofit ocean conservation group has filed suit against the U.S. government, accusing officials of not doing enough to ensure that the loggerhead sea turtle, which is listed as threatened under the Endangered Species Act, is protected from scallop fishing.