• August 15, 2014

    Zuckerberg Classmate Blasts Random House In False Ad Row

    A former classmate of Mark Zuckerberg tore into a sanctions bid on Thursday filed by Random House Inc. and author Benjamin Mezrich in a First Circuit appeal over a false advertising and defamation suit, saying his case isn’t an “automatic failure” and that the defendants should be sanctioned themselves.

  • August 14, 2014

    Boston Scientific Begins 2nd Mesh Bellwether Trial In Mass.

    The second bellwether trial involving Boston Scientific’s transvaginal mesh products began Thursday in Massachusetts state court, with new firms at the plaintiffs’ counsel table squaring off against the company after its victory in the first Massachusetts mesh trial in July.

  • August 14, 2014

    Ex-BAE Worker Urges Review Of Tossed FCA Claims

    A former employee of a BAE Systems Inc. who is suing a company subsidiary over alleged False Claims Act violations asked a Massachusetts federal judge to reconsider a recent decision nixing claims in his case, saying the judge made an “error of apprehension.”

  • August 13, 2014

    1st Circ. Backs Fresenius' $50M Tax Refund In FCA Fight

    The First Circuit on Wednesday rejected the U.S.' request to undo a court decision allowing Fresenius Medical Care Holdings Inc. to deduct from its taxes $50 million of a total $385 million paid to settle civil allegations it defrauded government health care programs.

  • August 13, 2014

    Jury Says Investment Adviser Is Liable In SEC Fraud Case

    A Massachusetts federal jury on Wednesday returned a verdict in favor of the U.S. Securities and Exchange Commission and against Sage Advisory Group LLC and its owner, concluding that he misled numerous brokerage clients to bring them from his former employer to his own firm.

  • August 13, 2014

    Last Firm Standing In PE Collusion Case Prepares For Battle

    All but one private equity firm in a massive, long-running suit alleging collusion in some of the biggest sponsor-backed buyouts have settled for millions, but that last remaining party showed Tuesday it is preparing for trial with a motion to dismiss a number of expert witnesses put forth by the plaintiffs on the case.

  • August 12, 2014

    Boston Scientific Atty Fatally Shot, Partner Suspected

    Boston Scientific Corp.’s chief counsel for worldwide business was gunned down at a gas station near his office in Arden Hills, Minnesota, on Monday morning, and a manhunt for the suspect, his business partner and ex-boyfriend, is still on, according to the local sheriff.

  • August 12, 2014

    Ex-MIT Professor And Son Cop To $140M Hedge Fund Scam

    A father-son pair of hedge fund managers will plead guilty to fraud after losing more than $140 million that was falsely solicited from investors by touting their purported no-lose mathematical model, Massachusetts federal prosecutors announced Tuesday.

  • August 12, 2014

    Drug Developer Geno Ditches IPO Amid Rocky Biotech Market

    Massachusetts-based Geno LLC, an early-stage pharmaceutical developer focused on treatments for cardiac and pulmonary diseases, abandoned plans Tuesday for an initial public offering, as the biotech IPO market continues to waver amid generally cold receptions from investors.

  • August 12, 2014

    Covidien Faces New Investor Suit Over $43B Medtronic Deal

    Another Covidien PLC investor on Monday hit the company with at least the second proposed shareholder class action in Massachusetts federal court over its proposed $42.9 billion merger with Medtronic Inc., saying the deal price failed to take into account Medtronic's relative tax advantages with a potential inversion reincorporation in Ireland.

  • August 11, 2014

    Hot Boston Legal Market A Boon For Bingham Merger Hopes

    Bingham McCutchen LLP's deep roots in Boston, where many firms are enjoying a surge in transactional work through thriving tech and life science sectors, may make the floundering firm a more attractive target for potential merger partners Morgan Lewis & Bockius LLP and Winston & Strawn LLP, experts told Law360.

  • August 11, 2014

    Greenberg Traurig Lures Tax, Public Finance Attorney

    Greenberg Traurig LLP has snagged a tax attorney specializing in finance tax from Kutak Rock LLP to serve national clients in municipal bonds, corporate securities offerings and project finance, working out of the Boston and Denver offices, the firm said Friday.

  • August 8, 2014

    Judge Trims FCA Suit Over BAE Thermal Weapon Contracts

    A Massachusetts federal judge on Thursday tossed claims for False Claims Act violations in a suit filed by a former employee of a BAE Systems Inc. unit, accusing the company of lying about having performed thermal weapons tests under conditions set forth by the military when it submitted claims for payment.

  • August 7, 2014

    KKR, TPG, Blackstone To Pay $325M In LBO Collusion Suit

    KKR & Co. Inc., Blackstone Group LP and TPG Capital LP agreed to pay a combined $325 million, the biggest settlement yet, to resolve allegations that the three firms and several other big-name private equity shops teamed up to depress prices in leveraged buyouts prior to the financial crisis, according to a federal court filing Thursday. 

  • August 5, 2014

    $39.2M Prudential Deal With Military Families Gets OK'd

    A Massachusetts federal judge on Tuesday gave preliminary approval to a $39.2 million settlement in a consolidated class action alleging Prudential Insurance Co. of America failed to pay death benefits to military service members, veterans and their families under a group life insurance program.

  • August 5, 2014

    Mintz Levin Bolsters IP Group With Ex-Goodwin Procter Atty

    A former Goodwin Procter LLP partner has left after 9.5 years to join Mintz Levin Cohn Ferris Glovsky and Popeo PC’s expanding intellectual property practice, bringing along decades of experience in high-tech patent litigation.

  • August 1, 2014

    Carlyle Not Backing Down In Massive LBO Collusion Suit

    While other big-name private equity shops have settled, the Carlyle Group LP on Friday indicated it wasn't ready to throw in the towel on a long-running suit accusing it and several other private equity firms of teaming up to depress prices in leveraged buyouts leading up to the financial crisis.

  • August 1, 2014

    Whole Foods Mislabels Greek Yogurt Sugar Content, Suit Says

    Whole Foods Market Inc. was hit Friday with a putative class action in Massachusetts federal court, accusing the grocery chain of falsely marketing its 365 Everyday Value Plain Greek Yogurt product as containing only 2 grams of sugar per serving when it actually contains six times the labeled amount.

  • July 31, 2014

    1st Circ. Grills Attys On Nexium Pay-For-Delay Class Cert.

    A First Circuit panel voiced skepticism Thursday of AstraZeneca PLC's claim that a pay-for-delay case couldn't be certified as a class action if the class included any uninjured buyers, but the judges also repeatedly questioned how the plaintiffs planned to ensure that only the injured get damages.

  • July 31, 2014

    Price Chopper Slapped With OT Class Action

    Supermarket chain The Price Chopper Inc. misclassifies its department managers as exempt from overtime wages in an attempt to reduce its labor costs, in violation of the Fair Labor Standards Act and state law, according to a putative class action filed on Wednesday in Massachusetts federal court.