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Massachusetts

  • June 17, 2015

    SEC Sues Interinvest For $17M Conflicted Penny Stock Buys

    The U.S. Securities and Exchange Commission sued Interinvest Corp. Inc. in Massachusetts federal court on Tuesday and urged a judge to grant an immediate asset freeze, saying it funneled $17 million of client money to four penny stock companies that paid Interinvest's owner large consulting fees.

  • June 16, 2015

    Mass. High Court Takes Senate's Side In Tax Dispute

    The Massachusetts Supreme Judicial Court on Monday came down in favor of the state Senate in a tax dispute between the state’s two legislative branches, deciding its budget revision was not an unconstitutionally originated “money bill,” but a mere amendment to a money bill created by the House.

  • June 16, 2015

    Blackstone Transmission Biz Puts Up $284M For Lake Cleanup

    A Blackstone Group LP-backed transmission company said Monday it will provide at least $284 million to clean up Lake Champlain over the lifetime of a proposed underground and underwater transmission project that will bring renewable energy from Canada to New England.

  • June 15, 2015

    Bayer Downplays IUD Birth Control Safety Risks, Suit Claims

    Bayer AG was hit with a lawsuit Monday by a Massachusetts woman who argued that its Mirena intrauterine contraceptive was not as safe or effective as the drugmaker advertises, claiming the device moved around within her body and resulted in an unintended pregnancy and painful surgeries. 

  • June 15, 2015

    Ex-NFL Player, Ally Charged With Running $32M Ponzi Scheme

    The U.S. Department of Justice has charged a former NFL player and a business partner with running a $32 million Ponzi scheme involving bogus loans to professional athletes that scammed investors out of millions, Massachusetts federal court filings show.

  • June 12, 2015

    Macy's Reraising Specialty Claims At 5th Circ., NLRB Says

    The National Labor Relations Board has urged the Fifth Circuit to reject Macy's Inc.'s challenge to an allegedly too-narrow bargaining unit of cosmetics and fragrances employees, saying Macy's was rehashing arguments another appeals court rejected when it upheld the board's controversial Specialty Healthcare decision.

  • June 12, 2015

    Teva Gets Nod For $24M Nexium Pay-For-Delay Settlement

    A Massachusetts federal judge on Friday gave tentative approval to a $24 million settlement between Teva Pharmaceutical Industries Ltd. and class action plaintiffs in a pay-for-delay case over generic versions of AstraZeneca PLC’s heartburn drug Nexium.

  • June 11, 2015

    Cybersecurity Co. Rapid7 Zeroes In On $80M IPO

    Venture capital-backed Rapid7 Inc. outlined plans Thursday to draw $80 million in an initial public offering, laying the groundwork for the cybersecurity company to tap the public market as data breaches and other cyberattacks continue to threaten corporations and their customers.

  • June 11, 2015

    KG Urban's $650M Casino Project Makes Headway In Mass.

    Casino license hopeful KG Urban Enterprises LLC received a key nod from Massachusetts gaming regulators Thursday that allows the developer's $650 million Gaming and Leisure Properties Inc.-backed proposal to keep moving forward in the bidding process against a Rush Street Gaming LLC project.

  • June 11, 2015

    Skadden, Goodwin Guide $730M HealthSouth-Reliant Deal

    Skadden Arps Slate Meagher & Flom LLP is representing HealthSouth Corp. on its $730 million acquisition, announced on Thursday, of Reliant Hospital Partners LLC’s operations, a deal that Goodwin Procter LLP worked on as counsel to Reliant.

  • June 10, 2015

    Mass. Gaming Chief In Ethics Crosshairs Over Wynn License

    The head of Massachusetts’ gambling authority is under investigation by the state's ethics committee over allegations he participated in the review of a proposed casino after he’d recused himself because the land belonged to a friend.

  • June 10, 2015

    US Navy, General Dynamics Hit With $2.2M Oil Spill Suit

    An insurance company is accusing the U.S. Navy and a General Dynamics Inc. subsidiary of leaving it on the lurch for $2.2 million in cleanup costs from an 11,000-gallon oil spill in a Boston drydock, according to a lawsuit filed in Massachusetts federal court Tuesday.

  • June 8, 2015

    Ex-State Street Exec Attacks SEC Penalty In 1st Circ.

    Former State Street Global Advisors executive John P. Flannery told the First Circuit Monday that a $6,500 penalty and one-year ban imposed on him by the U.S. Securities and Exchange Commission should be vacated, arguing statements attributed to him regarding a bond fund's safety couldn't give rise to liability for negligence.

  • June 8, 2015

    Iron Mountain Adds Cash Component To $2.1B Recall Buy

    Storage and information management company Iron Mountain Inc. on Monday sweetened its deal to buy Recall Holdings Ltd., adding 50 cents in cash per Recall share to its previous $2.1 billion all-stock offer.

  • June 4, 2015

    Nexium Buyers Say Namenda Ruling Supports Injunction Bid

    Nexium purchasers told a Massachusetts federal court Thursday that the Second Circuit's recent ruling upholding an injunction requiring Actavis PLC to keep an Alzheimer's drug on the market supported their own bid for an injunction in pay-for-delay litigation against Ranbaxy Inc. and AstraZeneca PLC.

  • June 3, 2015

    Cooley Beats DQ Bid In Suit Over Exercise Machine Patent

    A prolific patent litigant can't disqualify Cooley LLP from representing a health club franchiser in litigation over an exercise machine patent, a Massachusetts federal judge ruled Wednesday, saying the attorney didn't show Cooley's obligations to its clients are compromised.

  • June 3, 2015

    Contractor Law Can’t Cover Real Estate Reps: Mass. Court

    Massachusetts’ high court ruled Wednesday that the state’s independent contractor statute does not apply to real estate sales workers, affirming a decision to toss a suit brought against real estate brokers by sales staff who claimed they were employees under the statute.

  • June 3, 2015

    Private Equity Partner Joins Choate Hall From DLA Piper

    Choate Hall & Stewart LLP has added a former DLA Piper LLP partner to its private equity group who brings 35 years of experience advising venture capital and private equity firms, as well as emerging growth companies.

  • June 3, 2015

    Mass. Court Revives Utility's Cleanup Coverage Claims

    The Massachusetts Appeals Court on Wednesday reversed decisions granting summary judgment to insurers seeking to avoid covering Narragansett Electric Co. for damages associated with pollution dating back to the mid-19th century, finding that a jury should have been allowed to weigh in.

  • June 2, 2015

    NLRB Slams Ikea For Union Interference

    Ikea North America LLC interrogated employees at a Massachusetts store about their union activity and restricted their access to social media, according to a complaint and notice of hearing filed by the National Labor Relations Board.