The asbestos trust created by auto parts maker Federal-Mogul Corp.’s reorganization won a $9.3 million wrongful death verdict Friday against defunct spray insulation manufacturer and Federal-Mogul subsidiary T&N Ltd., bringing the trust closer to tapping a wealth of prebankruptcy insurance.
Manhattan's luxury Mondrian Soho hotel was reportedly sold for $205 million, while the debt on the landmark Bryant Park Hotel was sold to a financial services firm at a discount in the day's wrap-up of notable real estate deals.
A Massachusetts federal judge refused Friday to block Philips Electronics North America Corp.'s claims that Zoll Medical Corp. infringed three patents for an external defibrillator, rejecting Zoll's double-patenting defense because the patents expired the same day as other Philips patents they allegedly invalidate.
In this week's Taxation With Representation, Milbank works Man Group PLC's bid for a Boston-based investment fund, and Skadden helps SanDisk buy Fusion-io Inc.
The Massachusetts secretary of state’s office accused a Boston real estate investment firm and two of its executives of misappropriating over $9 million in investments and defrauding 513 investors, many of them elderly, according to an administrative complaint filed Wednesday in the office’s securities division.
A Chinese commercial vehicle company and one of its directors have agreed to pay $4.5 million to settle the U.S. Securities and Exchange Commission's claims that the company engaged in a scheme to create the illusion of an active market in its stock in order to obtain financing, according to court documents filed Thursday.
Boston-based Bain Capital Ventures has raised $850 million across two funds, according to a regulatory filing Wednesday, highlighting continued investor interest in injecting startups and small businesses with cash.
Massachusetts has begun accepting applications from drivers purchasing or leasing new electric vehicles for up to $2,500 worth of rebates through a statewide program aimed at increasing the number of electric cars on the road, according to a Wednesday statement by Gov. Deval Patrick’s administration.
Petco Animal Supplies Store Inc. was hit Tuesday with a proposed class action in Massachusetts federal court alleging the retailer violates state law by requiring customers to divulge their ZIP codes when making credit card purchases.
Oracle is closing in on a $5 billion deal for Micros Systems six years after a previous acquisition went belly-up, while T-Mobile is hedging its bets in case a takeover by Sprint Corp. falls through.
Mortgage servicer Ocwen Financial Corp. will pay $3.7 million to resolve allegations the company unlawfully foreclosed on Massachusetts properties and did not give homeowners notice of changes in mortgage agreements, Massachusetts Attorney General Martha Coakley said Monday.
Boston Medical Center has agreed to pay $1.5 million to settle a class action brought by a group of nurses under the Fair Labor Standards Act claiming the hospital's automatic timekeeping system docked them for meals and breaks they never took, according to court documents filed Monday.
The Obama administration said Tuesday that it will auction off wind leasing rights for more than 742,000 acres off the coast of Massachusetts, nearly doubling the federal offshore acreage for commercial offshore wind energy projects.
The U.S. Supreme Court on Monday refused to weigh in on whether the Federal Circuit correctly ruled that the University of Utah could legally sue the president and other officials at the University of Massachusetts in district court, over control of two genetic treatment patents.
Bain Capital Partners LLC and Goldman Sachs Group Inc.’s agreement to pay a combined $121 million to resolve claims they plotted to suppress prices in leveraged buyouts before the financial crisis might drive five other PE heavyweights also accused in the case to the bargaining table ahead of November's trial.
Bain Capital Partners LLC and Goldman Sachs Group Inc. on Wednesday agreed to pay $121 million to resolve claims they teamed up to deflate prices in leveraged buyouts, and while experts say the move won't halt collaborative deal-making, it's a reminder for firms to keep themselves in check.
With Massachusetts wrapping up its casino licensing race, Law360 spoke with Goodwin Procter LLP's Abim Thomas, a key legal adviser on the state's gambling legislation that authorized the licenses, about what lessons other state regulators should take from Massachusetts' attempt to allow new casino development.
Massachusetts gambling regulators on Thursday indicated they have finished hashing out an arrangement to put an MGM Resorts Inc. unit in line to nab the state's first casino resort license without having to pay an $85 million non-refundable fee before a gambling law repeal effort plays out.
Bain Capital Partners LLC and Goldman Sachs Group Inc. have agreed to pay a total of $121 million to settle a proposed shareholder class action accusing them of conspiring to hold down prices of companies they bought out, according to documents filed in Massachusetts federal court Wednesday.
The Massachusetts Supreme Judicial Court on Wednesday clarified its opinion on how state law would apply to the defense of product liability allegations, finding that auto manufacturers weren’t automatically exempt from defending their dealers if plaintiffs bringing suit failed to allege negligence or design defects.