Massachusetts

  • November 21, 2013

    Ropes & Gray Wins Jury Verdict Quashing Retaliation Claims

    A Boston jury returned a verdict in favor of law firm Ropes & Gray LLP on Thursday in a lawsuit brought by a former associate alleging the firm retaliated against him for filing a racial discrimination complaint with the U.S. Equal Employment Opportunity Commission.

  • November 21, 2013

    Hologic Opts For Poison Pill After Icahn Discloses Stake

    Hologic Inc., a maker of cancer-screening tools, acted fast on Wednesday to adopt a poison pill plan to protect itself against unwanted buyout campaigns, after activist investor Carl Icahn disclosed a sizable minority stake in the company.

  • November 20, 2013

    Philips, Zoll Can't Escape Defibrillator Patent Suits

    A Massachusetts federal judge has rejected competing bids for summary judgment in a defibrillator patent dispute between Philips Electronics North American Corp. and Zoll Medical Corp., finding in an order published Tuesday that remaining issues of fact should be left to a jury to decide. 

  • November 20, 2013

    American Superconductor To Pay $10M To Exit Securities Suit

    American Superconductor Corp. agreed Wednesday to pay $10 million to settle a proposed investor class action alleging the company inflated its stock price by hiding a fallout with its largest client, a Chinese wind turbine manufacturer.

  • November 20, 2013

    LeClairRyan Adds Insurance Coverage Vet In Boston

    LeClairRyan's Boston office has coaxed a former Murphy & Riley PC attorney well-versed both in insurance coverage litigation surrounding environmental and real estate matters and in defending professional liability claims, the firm announced Tuesday.

  • November 20, 2013

    $1B Foxwoods Casino Voted Down By Mass. Town

    Despite scoring an eleventh-hour financing deal with Penn National Gaming Inc.'s newly spun-off real estate investment trust, the tribal owners of Foxwoods casino were forced out of the running for a $1 billion casino resort by voters in a Massachusetts town on Tuesday.

  • November 19, 2013

    Deals Rumor Mill: JPMorgan, Devon Energy, Verizon

    JPMorgan is in talks to unload $4 billion in private equity stakes to a group of big-name investors, while T-Mobile is eyeing a $3 billion acquisition of airwaves currently held by outsize rival Verizon Wireless.

  • November 18, 2013

    Payless Says It Legally Stores Info In ZIP Code Suit

    Payless Shoesource Inc. urged a Massachusetts district court on Friday to chuck a putative class action accusing the retailer of improperly recording customer ZIP codes, arguing that it lawfully stores personal identification information separately from credit card information.

  • November 18, 2013

    Penn National Spinoff Signs On To $1B Foxwoods Venture

    Fresh off of its split from Penn National Gaming Inc., casino real estate investment trust Gaming and Leisure Properties Inc. inked a tentative deal late Friday to financially back an embattled $1 billion Massachusetts project proposed by the tribal owners of Foxwoods Resort Casino.

  • November 18, 2013

    Advent Puts Up $1.6B For Dutch Software Co. Unit4

    Dutch software company Unit4 will go private in a €1.2 billion ($1.6 billion) sale to Boston investment firm Advent International Corp., it said Monday, touting the plan as a way for the company to escape shareholder pressure to accelerate growth plans.

  • November 15, 2013

    Foxwoods Snags Conditional Nod In $1B Mass. Casino Quest

    Despite concerns about the financial stability of a venture backed by the tribal owners of Foxwoods Resort Casino, the Massachusetts Gaming Commission on Friday gave a conditional approval to allow the company to push forward with its $1 billion bid for a gambling license.

  • November 15, 2013

    Cisco Ducks Patent Suit Over Network Switches

    A Massachusetts federal judge on Thursday ruled that Cisco Systems Inc.’s Nexus 5000 switches and Unified Computing System do not infringe a patent held by T.M. Patents LP, holding that the accused devices don’t correspond to all of the patent’s claim limitations.

  • November 15, 2013

    Peltz's Trian Fund Divests $122M Stake In State Street

    Trian Fund Management LP, run by activist investor Nelson Peltz, sold its $121.5 million stake in State Street Corp., according to a Thursday filing with the U.S. Securities and Exchange Commission.

  • November 15, 2013

    TransRe Defeats Berkshire's Asbestos Liability Suit

    Transatlantic Reinsurance Co. and its parent Alleghany Corp. on Thursday beat two Berkshire Hathaway Inc. companies' lawsuit claiming they had used deceptive practices to rid themselves of "crippling" asbestos liabilities.

  • November 15, 2013

    Silver Lake Can't Go Solo In Antitrust Suit Against PE Giants

    A Massachusetts federal judge on Wednesday refused to reconsider allowing Silver Lake Partners to individually defend itself against a putative antitrust class action accusing it and several other private equity firms of plotting to hold down prices of companies they targeted for purchase.

  • November 14, 2013

    Nexium Buyers Win Class Cert In AstraZeneca Antitrust MDL

    A Massachusetts federal judge certified a class of Nexium end-buyers on Thursday who accused AstraZeneca PLC and others of violating antitrust laws by delaying a generic version of AstraZeneca’s heartburn drug, ruling the class met adequacy and predominance requirements.

  • November 14, 2013

    Revere In Talks To Keep $1B Suffolk Downs Casino In Race

    The Suffolk Downs racetrack owner, which is spearheading an embattled bid to snag one of Massachusetts' new gambling licenses, is in negotiations with the city of Revere to keep its $1 billion casino resort project alive after suffering a recent setback, according to a Thursday statement by the city.

  • November 13, 2013

    Tribe Gets Federal OK For Gambling On Martha's Vineyard

    A Massachusetts Native American tribe has won federal approval to build a gaming facility on the exclusive Martha’s Vineyard, it announced Tuesday, setting off a potential fight with state lawmakers who have previously opposed such efforts.

  • November 12, 2013

    1st Circ. Sticks Orix With Testing Costs, Atty Fees

    The First Circuit on Tuesday partially reversed the decision of a Massachusetts state court awarding Orix Capital Markets the environmental testing costs on a foreclosed property, finding no chemical liability that violates the property's environmental indemnity agreement.

  • November 12, 2013

    Prudential Unit OKs $114M Loan For New Boston Apartments

    The commercial lending arm of Prudential Financial Inc. has approved a $114 million construction loan to help fund Apartment Investment and Management Co.’s development of a 12-story luxury apartment building in Boston, the company said Tuesday.