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.
Major harbors in Boston, Jacksonville and Southeast Texas are getting hundreds of millions in federal spending to deepen them and make them ready for large container ships, with President Barack Obama signing the Water Resources Reform and Development Act on Tuesday.
A Massachusetts appeals court’s revival Friday of sanctions efforts claiming Bingham McCutchen LLP improperly relied on the work-product doctrine to conceal evidence from an opponent serves as a stark reminder that lawyers need to play it safe and seek outside guidance when privilege protections are questionable, and avoid attacking an opponent for failing to present evidence that has been withheld.
The First Circuit on Tuesday refused to revive a shareholder class action against heart pump maker Abiomed Inc. over investigations of its marketing practices, saying the lead plaintiff failed to prove that bringing her demands to the company’s executives would have been fruitless.
The First Circuit on Tuesday upheld a district court ruling rejecting a bid by former Raytheon Co. workers to secure medical monitoring in a proposed class action over exposure to hazardous beryllium, agreeing with the lower court that the plaintiffs' case fails because they haven't proved they suffered subcellular damage.
Texas Roadhouse Inc. on Monday urged a Massachusetts federal court to compel the U.S. Equal Employment Opportunity Commission to comply with discovery obligations, arguing the agency has been uncooperative with requests in its lawsuit alleging the steakhouse chain discriminated against older job applicants.
The U.S. Senate on Tuesday confirmed three nominees for slots on the federal bench in Massachusetts, Nevada and Virginia, including two magistrate judges elevated to full judgeship and a federal public defender specializing in complex white collar cases.
The U.S. Senate on Monday advanced three nominees for federal judicial positions in Massachusetts, Nevada and Virginia, including a contentious Nevada nominee who serves as a federal public defender for complex white-collar cases.
Pharmaceutical giant Merck & Co. Inc. is set to buy Idenix Pharmaceuticals Inc. for about $3.85 billion, the companies said Monday, putting Merck in control of a biopharmaceutical company featuring a "promising" portfolio of potential hepatitis C treatments.
A Massachusetts appeals court on Friday ruled that a group of investors could seek sanctions against Bingham McCutchen LLP for withholding information in their $8 million suit against Merrill Lynch, Pierce, Fenner & Smith, Inc.
Massachusetts-based firm Bowditch & Dewey recently bolstered its labor and employment bench with the addition of a former Edwards Wildman Palmer LLP partner with experience in the health care, insurance and telecommunications sectors to work out of the firm's offices in Boston and Framingham.
In yet another major dual-brand development project for Starwood Hotels & Resorts Worldwide Inc., the hotelier has struck a deal to bring its Aloft and Element flags to a $158 million Boston complex being built by a private equity-backed partnership, it announced Thursday.
Sullivan & Worcester LLP has shored up its Boston office by adding a former Choate Hall & Stewart LLP partner with transactional experience to its tax department, the firm announced Wednesday.
Dr. Dre reportedly drops $40 million on a California estate, while a Times Square hotel is said to be fetching nearly $180 million and Blackstone reportedly loans $110 million against a Boston property.
The First Circuit on Tuesday refused to revive putative class claims that Bain Capital LLC fraudulently arranged the sale of a French Samsonite factory to avoid making severance payments, ruling that factory workers who brought the suit waited too long to do so.
The U.S. Senate on Wednesday confirmed Boies Schiller & Flexner LLP partner Tanya S. Chutkan and two other nominees to positions on the federal bench in Washington, D.C., Massachusetts and South Carolina, with all three candidates winning the support of an overwhelming majority of senators.
The U.S. Senate on Tuesday advanced the nomination of a Boies Schiller & Flexner LLP partner and two other nominees for open federal judgeships in Washington, D.C., Massachusetts and South Carolina, respectively, setting up a final vote on the nominees for Wednesday.
Ropes & Gray LLP and Cold Spring Harbor Laboratory on Monday agreed to settle a long-running malpractice lawsuit brought against the firm over an allegedly delayed patent, ending the dispute just one day before the trial was set to begin in Massachusetts court.
A Massachusetts federal judge on Friday tossed a case brought by Caesars Massachusetts Management Co. LLC, saying the state's top casino regulator was immune to accusations of having conflicts of interest that forced the company to drop out of the running for a $1 billion casino resort project in Boston.