We use cookies on this site to enable your digital experience. By continuing to use this site, you are agreeing to our cookie policy. close

Massachusetts

  • June 23, 2014

    Federal-Mogul Bankruptcy Trust Wins $9.3M Asbestos Verdict

    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.

  • June 23, 2014

    RE Rumor Mill: Mondrian Soho, Bryant Park Hotel

    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.

  • June 20, 2014

    Zoll Can't Use Double-Patenting Defense In Philips IP Spat

    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.

  • June 20, 2014

    Taxation With Representation: Tax Counsel On The Deal

    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.

  • June 19, 2014

    Boston RE Execs Accused Of $9M Fraud On Investors

    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.

  • June 19, 2014

    Chinese Auto Firm, Director Settle SEC Claims For $4.5M

    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.

  • June 18, 2014

    Bain Capital Ventures Raises $850M Across 2 Funds

    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.

  • June 18, 2014

    Mass. Launches Electric Car Rebate Program

    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.

  • June 18, 2014

    Petco Hit With Class Action Over ZIP Code Collection

    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.

  • June 18, 2014

    Deals Rumor Mill: Oracle, T-Mobile, GE

    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.

  • June 17, 2014

    Ocwen To Pay $3.7M In Mortgage Settlement With Mass. AG

    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. 

  • June 17, 2014

    Boston Medical Inks $1.5M Deal With Nurses In Wage Suit

    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. 

  • June 17, 2014

    DOI Unveils Massive Auction For Mass. Offshore Wind Leases

    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.

  • June 16, 2014

    UMass RNA Patent Row To Go Forward After High Court Snub

    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.

  • June 13, 2014

    With Goldman, Bain Out, PE Players Pressured To Cut Deals

    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.

  • June 12, 2014

    Bain, Goldman Settlements A Cautionary Tale For PE Firms

    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.

  • June 12, 2014

    3 Lessons For Regulators From The Mass. Casino Race

    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.

  • June 12, 2014

    MGM Clears Fee Hurdle To Nab Mass. Casino Resort License

    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.

  • June 11, 2014

    Bain, Goldman Sachs Agree To Pay $121M In Collusion Row

    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.

  • June 11, 2014

    Lack Of Defect Claim No Pass For Automakers: Mass. Court

    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.