A judge on Thursday denied Washington Mutual Inc.’s request to dismiss state law claims in a proposed FLSA class action brought on behalf of loan consultants, ruling that the legal doctrine cited by the bank in its motion to dismiss for violation of the Rules Enabling Act was “imaginary.”
Bankrupt paper company Marcal Paper Mills and the U.S. Environmental Protection Agency have reached a $3 million settlement over pollution claims involving the Diamond Alkali Superfund Site.
A court agreed on Tuesday to stay a lawsuit against Dow Jones & Co. Inc. and McGraw-Hill & Co. Inc. over the right to publish indices of financial markets, saying that it would wait for an Illinois state court to reach a verdict.
A federal appellate court ruled Wednesday that a receiver appointed by a California district court must relinquish $1 million to plaintiffs in a securities action in an Illinois district court against hedge fund Piranha Capital LP.
Seeking compromise in the multidistrict Bextra and Celebrex product-liability litigation, the Special Master recommended that federal rules of privilege apply, even though the plaintiffs had said that a relatively unrestrictive state statute should govern disclosure.
Railroad company Burlington Northern Santa Fe Corp. on Tuesday disclosed that it has received a state grand jury subpoena requesting documents related to its practice of adding fuel surcharges to freight transportation services.
A unit of publicly traded patent-holding company Acacia Research Corp. has settled its patent infringement suit against Motive Inc. over computer systems monitoring technology, Acacia said Tuesday.
A Chicago-based patent-holding company has sued contact lens giants Bausch & Lomb Inc. and CIBA Vision Corp. for allegedly violating a patent covering contact lenses for users with prebyopia.
Mayer Brown Rowe & Maw LLP has slammed a U.S. Trustee's $17 million case against it, asking the district court to reconsider its decision not to toss the suit.
Johnson & Johnson subsidiary Ortho-McNeil Pharmaceutical Inc. has sued rival drug company Apotex Inc. for allegedly planning to infringe its patent on the pain killer Ultracet.
Three years after investigations into Hartford Financial Services Group Inc.'s alleged market timing and compensation agreements with brokers began, the insurance provider on Monday agreed to pay $115 million to settle claims with the attorneys general of three states.
Bankrupt Paper Company Marcal Paper Mills Inc. on Friday was hit with two fresh objections to its disclosure statement, one filed by US Bank and one by American Capital Strategies Ltd. and American Capital Equity I LLC.
Petrochemical company Equistar Chemicals LP has agreed to spend $125 million to address federal government concerns over air, water and hazardous waste violations at seven of its petrochemical plants.
A judge on Tuesday certified a class of plaintiffs that is accusing Sears Roebuck & Co. of making false and misleading statements that artificially deflated the value of its stock before it was bought by Kmart.
Bankrupt paper company Marcal Paper Mills Inc. has objected to a request by the unsecured creditors committee to hire a special environmental counsel, because of a pending agreement to settle a nearly $1 billion claim from the U.S. Environmental Protection Agency.
The federal government has rescinded its block on permanent visa applications and announced it will accept them for the next month, taking steps to undo a “gaff" that drew heavy fire from attorneys representing thousands of immigrants.
In a bid to quell regulatory concerns over a proposed joint venture with French building materials company Saint-Gobain, Owens Corning said Tuesday it plans to sell off two of its European glass fiber reinforcement manufacturing facilities.
Abbott Laboratories and Andrx Pharmaceuticals Inc., which was acquired by Watson Pharmaceuticals Inc. in 2006, have struck a deal which resolves all outstanding litigation between the two companies over the extended release version of antibiotic Biaxin.
A class action accusing Bayer AG as well as several smaller pharmaceutical companies of antitrust violations on a national scale can proceed under Wisconsin state jurisdiction, the Supreme Court of Wisconsin ruled Friday.
The U.S. Equal Employment Opportunity Commission has dropped its lawsuit against Walgreen Co. after the Illinois-based drug store chain agreed to fork over $20 million to settle charges that it discriminated against thousands of African-American employees.