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  • February 22, 2010

    Supreme Court Won't Hear PIMCO Class Cert. Challenge

    The U.S. Supreme Court has declined to weigh in on a class certification order affirmed by a federal appeals court in a suit accusing Pacific Investment Management Co. LLC of monopolizing a futures market.

  • February 19, 2010

    Fraud Suit Against Walgreens Dismissed Again

    A federal judge has dismissed for a second time a suit accusing Walgreen Co. of scheming to overcharge third-party payors by improperly filling prescriptions for two generic drugs.

  • February 18, 2010

    NY Court Keeps Banks' Fraud Suit V. MBIA Alive

    A New York court has refused to dismiss a lawsuit in which some of the world's largest financial institutions, including ABN Amro Bank NV and Citibank NA, accuse MBIA Inc. of devising a fraudulent restructuring in order to avoid paying out insurance policies the company offered on financial products.

  • February 18, 2010

    4 Claims In Webkinz Antitrust MDL Booted

    A judge has dismissed several claims in antitrust multidistrict litigation alleging that Ganz Inc., the supplier of the popular Webkinz toys, required retailers to buy unrelated gift items in order to obtain the plush animals.

  • February 18, 2010

    ITC Issues Import Ban In Rail Wheel Trade Secrets Case

    The U.S. International Trade Commission has issued a 10-year ban preventing four companies from importing and selling cast-steel railway wheels made using the trade secrets of Chicago-based Amsted Industries Inc.

  • February 18, 2010

    Ill. Medical Imaging Center Antitrust Suit Tossed

    A federal judge has thrown out a lawsuit filed by Mercatus Group LLC that accused a Chicago-area hospital of illegally monopolizing a market for medical imaging centers.

  • February 17, 2010

    3 States End Ban On Brokers' Contingent Fees

    The attorneys general of New York, Illinois and Connecticut have freed three insurance brokers from a 2005 ban that prohibited them from charging “contingent commissions,” which then-New York Attorney General Eliot Spitzer attacked as anti-competitive.

  • February 17, 2010

    More States Jump On Cadmium Ban Bandwagon

    Three more states have introduced legislation to ban cadmium and other unsafe metals from children's jewelry, following in the footsteps of the U.S. Congress and several other states that have launched measures to keep the potentially dangerous toys off the shelves.

  • February 17, 2010

    Senate Dems Revive Push For Public Option

    Nine Democratic U.S. senators have signed a letter calling for Senate Majority Leader Harry Reid, D-Nev., to bring a public health insurance option up for a vote before the full Senate, hoping to revive the embattled public option as Congress prepares to take another pass at health care reform.

  • February 16, 2010

    USDA Must Pay Damages Under FCRA: 7th Circ.

    A federal appeals court has ruled that the U.S. Department of Agriculture must pay damages to a man the agency incorrectly reported to a credit bureau as delinquent on a loan payment, a violation of the Fair Credit Reporting Act.

  • February 16, 2010

    Vagueness To Take Center Stage At Skilling Hearing

    The U.S. Supreme Court has three opportunities to rein in the federal honest services statute this session, but the case of former Enron Corp. honcho Jeffrey Skilling could be the one to make the court declare the law unconstitutionally vague.

  • February 16, 2010

    Taiwan Embassy Age Bias Case Survives Bid To Toss

    Taiwan's de facto embassy in the U.S. has lost a bid to toss age discrimination claims by three of its clerical workers, with a federal court ruling that the alleged wrongdoing is not protected by foreign sovereign immunity law.

  • February 12, 2010

    Hedge Funds' Class Action Over MBIA Split Lives On

    A federal judge has said that a class action brought by a group of hedge funds alleging that MBIA Inc. committed fraud through its February 2009 reorganization can move forward, citing significant disagreements between the parties over regulators' approval of the splitting of the bond insurer.

  • February 12, 2010

    Ill. Village Seeks To End Gulf Oil MTBE Claims

    The village of Roanoke, Ill., has asked to drop claims against Gulf Oil Ltd. Partnership in a case that has been consolidated in multidistrict litigation alleging several oil companies contaminated groundwater with the gasoline additive methyl tertiary-butyl ether.

  • February 12, 2010

    Lockheed Plaintiffs Can't Pursue Direct Action: Judge

    A federal judge has blocked an attempt by the plaintiffs in an Employee Retirement Income Security Act class action against Lockheed Martin Corp. to pursue a direct action alleging mishandling of the company's stock funds.

  • February 11, 2010

    Judge Nixes CVS ‘Tactical Manipulation’ In OT Suit

    A federal judge has refused to dismiss an assistant store manager's wage-and-hour collective action against CVS Caremark Corp., shooting down the company's claim that the suit was moot after the plaintiff refused an offer of judgment.

  • February 11, 2010

    Abbott Divestment Wins EU OK For $6.6B Solvay Deal

    The European Commission signed off Thursday on Abbott Laboratories' $6.6 billion bid for Solvay Group's pharmaceutical business Thursday, with the condition that Abbott sell off Solvay's cystic fibrosis testing business.

  • February 11, 2010

    7th Circ. Affirms ERISA Win For UPS Retirees

    A federal appeals court on Wednesday affirmed a ruling barring the United Parcel Service of America Inc. from hiking health care coverage contributions from union-member participants in its retiree health plan.

  • February 10, 2010

    Sony Acquires Stem Cell Research Co. ICyt

    Electronics giant Sony Corp. has moved into the life sciences field through the acquisition of iCyt Mission Technology Inc., which produces stem cell research technology.

  • February 10, 2010

    Supporters Rally Behind Independent CFPA

    Federal and state lawmakers are ramping up support for the inclusion of an independent Consumer Financial Protection Agency in financial reform legislation being drafted in the U.S. Senate, even as Republican opposition to the proposed CFPA threatens to derail the final bill.