Illinois

  • December 13, 2006

    Illinois Tool Works Cleared At Federal Circuit

    A federal appeals court has cleared Illinois Tool Works Inc. of patent infringement and defamation in an eight-year-old case that accused the manufacturer of improperly advertising to clients that the plaintiff had stolen the technology he asserted in the lawsuit.

  • December 13, 2006

    Arcelor Mittal To Shed Italian Unit Amid E.U. Concerns

    Arcelor Mittal, soon to be the world’s largest steel company, has agreed to divest an Italian unit for €117 million to further comply with E.U. recommendations.

  • December 13, 2006

    Dell, Sanyo Targeted Over Digital TV Patent

    Dell Inc., Hewlett-Packard Co. and TiVo Inc., among others, have been targeted by a patent-holding company that alleges the companies infringed its patent for digital television receivers.

  • December 12, 2006

    Chase, Trilegiant Settle WIth 17 States For $14.5M

    Chase Bank USA and Trilegiant Corp. agreed Monday to pay 17 states a combined $14.5 million to settle allegations that they used deceptive means to lure thousands of consumers into signing up for unwanted membership programs.

  • December 12, 2006

    Putnam Moves To Send Suit Back To District Court

    A securities class action suit against Putnam International Equity Funds continues to bounce from state court to federal court and back again. Defendants in the case have once again petitioned to remove the case to district court, arguing that the action is mandated by the Securities Litigation Uniform Standards Act of 1998.

  • December 12, 2006

    Government Offers Peek At Case Against Lord Black

    Troubled media tycoon Conrad Black and his cohorts used non-compete agreements when selling off pieces of Hollinger International to line their pockets with cash, according to a new filing by government prosecutors.

  • December 11, 2006

    Gunman Was Told Invention "Wouldn't Fly"

    While Chicago investigators search for clues about a truck driver who killed three people at an IP boutique last week, details have emerged about an invention the gunman thought would make him rich, but instead drove him to murder.

  • December 8, 2006

    Securities Fraud Suit Follows Pfizer's Drug Collapse

    A class action law firm has filed a securities fraud lawsuit against Pfizer Inc., just days after the drug giant scrapped its highly anticipated cholesterol drug torcetrapib, which took 15 years and $1 billion to develop.

  • December 7, 2006

    Patent-Holding Co. Sues Sears Over Payment Patent

    A Chicago, Ill.-based patent-holding company has geared up for an aggressive fight over its payment transaction patent by launching an infringement lawsuit against Sears Holding Corp.

  • December 6, 2006

    FedEx Sexual Harassment Case Heads To Jury Trial

    A federal judge ruled Tuesday against Federal Express Corp.’s motion for summary judgment in a same-sex sexual discrimination lawsuit brought by the U.S. Equal Employment Opportunity Commission against the package carrier.

  • December 6, 2006

    Conseco, Former CEO Settle Suit Over Loans

    A protracted dispute between insurer Conseco Inc. and former chief executive Stephen C. Hilbert over unpaid loans was settled Wednesday, two months after the U.S. Supreme Court refused Hilbert’s appeal.

  • December 6, 2006

    Trading Tech Wins Small Change In Refco Deal

    The software company that took on the futures trading industry with a slew of patent infringement lawsuits, Trading Technologies International Inc., has settled its dispute against bankrupt brokerage Refco Inc., but was able to squeeze just $350,000 out of the firm.

  • December 6, 2006

    AmeriGroup Braces For Massive Damages Award

    Weeks after a jury first ordered Amerigroup Corp. to pay $144 million for discriminating against pregnant women and other high-risk patients, the health insurance company has revealed it could be asked to shell out a whopping $525 million instead.

  • December 6, 2006

    Janus Wants Class Action Moved To Federal Court

    A proposed class action against Janus Investment Fund, among others, has reappeared on a federal docket in Illinois, the latest development in a legal battle that made its way up to the U.S. Supreme Court earlier this year.

  • December 5, 2006

    Zurich American Bid-Rigging Settlement Finalized

    A multimillion-dollar settlement involving Zurich American Insurance Co. has been finalized, allowing the company to pay $121.8 million to settle bid-rigging and price-fixing allegations in 11 states.

  • December 1, 2006

    Spitzer Reins In Insurance Companies

    New York state’s Attorney General has notified four insurance companies that the markets for several types of insurance have passed a “tipping point” at which the companies are bound by prior settlements to stop paying contingent commissions to insurance brokers.

  • December 1, 2006

    Futures Exchanges Still Confident About Merger

    The two largest U.S. futures exchanges, Chicago Mercantile Exchange Holdings Inc. and CBOT Holdings Inc.’s Chicago Board of Trade, remain confident that their impending merger will be approved by the U.S. Department of Justice, despite claims that it raises antitrust concerns.

  • November 30, 2006

    DOJ Extends Deadline For Mittal Arcelor To Sell Mills

    The U.S. Department of Justice on Wednesday granted steel giants Mittal Steel Co. NV and Arcelor SA 60 more days to quell antitrust concerns regarding their merger.

  • November 30, 2006

    U.S. Energy Biogas Enters Ch. 11

    U.S. Energy Biogas Corp. has filed for bankruptcy in Manhattan, citing its need to restructure an onerous loan agreement set up by “self-dealing” executives in 2004 that threatens to push the otherwise viable business into insolvency.

  • November 30, 2006

    Tower Wins Eighth Exclusivity Extension

    A U.S. bankruptcy judge on Thursday granted Tower Automotive Inc.’s eighth request to extend its exclusivity period, giving the bankrupt auto parts maker until Feb. 2 to propose a plan to creditors.