Massachusetts

  • December 3, 2013

    Mass. Slot Bidders Face Arbitration Without Community Deals

    Officials at the Massachusetts Gaming Commission warned bidders for the state's slots parlor license that they will have to enter arbitration if the applicants don't tie up surrounding community agreements by a looming deadline later this month.

  • December 2, 2013

    Mass. Sues Tribe Over Martha's Vineyard Gambling Plan

    The state of Massachusetts on Monday filed a lawsuit in state court against a Native American tribe pursuing a gambling project in Martha's Vineyard, over the alleged violation of a decades-old settlement agreement between the two governments.

  • December 2, 2013

    HeartWare Buys CircuLite In Deal That Could Reach $350M

    HeartWare International Inc. has purchased New Jersey-based CircuLite Inc. and its Synergy circulatory support system, which helps treat patients with early-stage heart failure, in a deal that could end up being worth $350 million, the companies said Sunday.

  • December 2, 2013

    Idenix Suits Target Gilead Hep C Drug Nearing Approval

    Idenix Pharmaceuticals Inc. told two federal courts Sunday that Gilead Sciences Inc. is on course to infringe its intellectual property if the U.S. Food and Drug Administration approves Gilead's new drug application for a Hepatitis C treatment as expected this month.

  • December 2, 2013

    Warner Bros. Escapes Copyright Suit Over 'Ghostman' Movie

    A Massachusetts federal judge on Friday tossed an indie filmmaker’s copyright infringement lawsuit alleging that Warner Bros. Entertainment Inc.’s planned adaptation of a novel has the same name and plot as a movie he’s been working on, finding the filmmaker didn't demonstrate substantial similarity.

  • November 27, 2013

    AstraZeneca, Ranbaxy Can't Ax Claims In Nexium Antitrust MDL

    A Massachusetts federal judge on Wednesday rejected AstraZeneca PLC and Ranbaxy Inc.'s bid to dismiss as time-barred certain claims in multidistrict litigation alleging the companies violated antitrust laws by agreeing to delay entry of a generic version of AstraZeneca’s heartburn drug Nexium.

  • November 27, 2013

    Power-Supply Component Maker Hit With $30M Faulty-Part Suit

    A Taiwanese power supply unit maker is suing the maker of a key part in its products for at least $30 million, saying the company knew the part was faulty but sold it to the manufacturer anyway, according to a complaint lodged in Massachusetts federal court Wednesday.

  • November 27, 2013

    Cleaning Co. Ends Class Action With $7.5M Settlement

    A Massachusetts federal judge on Tuesday approved a $7.5 million settlement in a class action accusing office cleaning company CleanNet USA Inc. of misclassifying “franchisee” employees as independent contractors in order to push franchisee fees and other costs on them.

  • November 27, 2013

    BAE Dodges Most Of Northeastern's Contract Breach Suit

    A Massachusetts federal judge on Wednesday agreed to dismiss part of a lawsuit filed by Northeastern University alleging BAE Systems and Electronic Systems Integration Inc. breached contract and failed to provide a piece of underwater acoustic technology after the school paid $1.2 million for it.

  • November 27, 2013

    Mohegan Sun, Suffolk Downs Team Up For $1B Casino Bid

    After losing out on its own bid to build a major casino resort in Massachusetts, Mohegan Sun announced Wednesday that it is jumping on board a $1 billion proposal spearheaded by the owners of Suffolk Downs racetrack.

  • November 27, 2013

    Deals Rumor Mill: Blackstone, Compuware, Panasonic

    More than a half-dozen private equity firms are looking at the $1.5 billion water technologies unit of chemical supplier Ashland, while Compuware could finally bow to activist pressure amid a surge in interest from prospective buyers.

  • November 26, 2013

    IRS-Blessed Retirement Plan Part Of Ch. 7 Estate: 1st Circ.

    The First Circuit said Monday that assets held in individual retirement accounts and a profit-sharing plan approved by the Internal Revenue Service must be added back into a Massachusetts man's bankruptcy estate, citing transfers that ran afoul of U.S. tax laws and half-truths told to the bankruptcy court.

  • November 26, 2013

    Sovereign Bancorp Seeks To Recoup $234M In Taxes From IRS

    In light of a Massachusetts federal judge's ruling that an international securities deal between banks contained economic substance, Sovereign Bancorp should be able to recoup $234 million in taxes assessed because the Internal Revenue Service labeled the scheme as a tax shelter, the bank argued on Monday.

  • November 26, 2013

    Fannie Mae Should Pay Mass. Transfer Taxes, 1st Circ. Told

    A Massachusetts county asked the First Circuit on Friday to reverse a lower court's ruling that Fannie Mae and Freddie Mac are exempt from paying real estate transfer taxes in the state, saying Congress violated the 10th Amendment by giving them immunity from state taxes.

  • November 25, 2013

    DOJ Seeks To Intervene In ADA Suit Against H&R Block

    The U.S. Department of Justice on Monday filed a motion in Massachusetts federal court to intervene in a proposed class action claiming subsidiaries of tax preparation company H&R Block Inc. are violating federal and state anti-discrimination laws because their online tax services aren't easily accessible to blind taxpayers.

  • November 25, 2013

    Pfizer Escapes FCA Suit Over Anti-Fungal Drug Promotions

    A Massachusetts federal judge on Friday dismissed an ex-Pfizer Inc. manager's False Claims Act qui tam suit accusing the drug giant of a long-running and illegal campaign to promote off-label use of anti-fungal drugs, finding the claims were too vague.

  • November 25, 2013

    1st Circ. Seeks Top Mass. Court's Take On Foreclosure Laws

    The First Circuit on Friday asked the Massachusetts Supreme Judicial Court to weigh in on a group of banks’ appeal of a decision allowing the city of Springfield to implement anti-foreclosure ordinances, saying the issues in the case turn on unresolved state law questions.

  • November 25, 2013

    Lagoon Capital, HarbourVest To Partner On MENA Secondaries

    Private equity firms Lagoon Capital Partners Ltd. and HarbourVest Partners LP on Monday detailed a strategic partnership aimed specifically at sealing secondary investments in the Middle East and North Africa, a region that has struggled to integrate secondaries into its deal-making mix.

  • November 25, 2013

    Insurer Disputes Coverage For NECC-Linked Compounder

    Ironshore Specialty Insurance Co. sued to disavow covering a New England Compounding Center sister pharmacy against claims from alleged victims of the NECC-linked meningitis outbreak, saying Friday that attempts to paint the insured as an NECC alter ego don’t qualify for coverage.

  • November 22, 2013

    Officials Bash New $1B Suffolk Downs Casino Proposal

    Massachusetts gaming authorities said during a Thursday hearing that additional legal review is needed before they can approve a proposal to move Suffolk Downs racetrack owners' $1 billion project outside Boston after hearing statements from several local and state officials who called it an unfair skirting of the state's gambling law.