FirstEnergy Corp. on Thursday announced plans to buy Allegheny Energy Inc. for $8.5 billion, though the companies don’t expect the deal to close for at least a year due to necessary regulatory approvals from the U.S. government and a number of states — one of which helped block another utility merger in 2006.
The federal government has fired back at a bid by Rohm and Haas Co. to kill a suit over a New Jersey Superfund site, saying a recent change in appellate case law should toll the statute of limitations to allow the U.S. to recover past cleanup costs.
A New Jersey state judge has preliminarily approved a settlement of a Vioxx-related shareholder derivative action that will see Merck & Co. Inc. institute stronger drug-safety measures, appoint a chief medical officer and pay nearly $12.2 million in attorneys' fees.
A federal judge has dismissed an insurer's claims for reimbursement from Rohm and Haas Co. and Morton International Inc. for defense and settlement costs stemming from four separate lawsuits over asbestos and chemical exposure and an allegedly tainted landfill.
The U.S. Senate voted unanimously Tuesday to confirm U.S. District Judge Joseph A. Greenaway Jr. to fill a vacancy on the U.S. Court of Appeals for the Third Circuit.
A district judge has reversed a magistrate judge's order disqualifying Howrey LLP from defending Boston Scientific Corp. in a patent infringement suit brought by Wyeth over drug-eluting stents, holding that the firm's representation of Wyeth in an unrelated case does not create a significant conflict of interest.
British law firm Clyde & Co. LLP has opened its third U.S. outpost, setting up shop in New Jersey with six insurance law practitioners nabbed from Connell Foley LLP.
A federal appeals court has barred an extract producer from treating a products liability claim against a contractual partner as a torts claim, upholding a lower court's decision.
American-based defense supplier DRS C3 Systems Inc. has agreed to pay a $1 million penalty to resolve the Australian Competition and Consumer Commission's allegations that the company engaged in cartel behavior in the international military defense training systems industry.
Amid recalls of millions of Toyota Motor Corp. vehicles over sticky accelerator pedals and reports that brake problems could lead to another recall of its hybrids as soon as Tuesday, the Japanese automaker now faces more than 30 proposed class actions in North America over its electronic throttle system.
The plaintiffs in a class action accusing Lucent Technologies Inc. of violating the Employee Retirement Income Security Act by improperly reducing medical benefits for its retirees have reached a settlement with the company, according to court papers.
DLA Piper has lured a new partner to its litigation practice from King & Spalding LLP who is steeped in white-collar experience, particularly in the pharmaceutical industry.
Detecting no error in the lower court's decision, a federal appeals court has upheld an award of $4.88 million in damages and interest for French home cooking appliance maker SEB SA in its suit accusing Pentalpha Enterprises Ltd. of infringing a patent for a plastic skirt on a deep fryer.
Sen. Bernie Sanders, I-Vt., and Rep. Steve Cohen, D-Tenn., have introduced companion bills to get 10 million solar power systems installed on U.S. rooftops over the next decade as part of an effort to support energy independence and create green jobs.
Alberto Vilar and Gary Tanaka, two former money managers who were also well-noted philanthropists, have been sentenced to nine and five years in prison, respectively, for allegedly running a multimillion-dollar scheme to defraud investors.
Did you hear the one about the lawyer who asked the judge to postpone a trial so he could catch a football game? Or the one who read his brief, word for word, to the whole courtroom? How about the one where the lawyer dissed Cornell University Law School — only to discover it was the judge's alma mater?
A New Jersey company that provides business products and services to the financial services industry has hit seven major stock exchanges with a suit accusing them of breaching various software agreements by illegally creating derivative versions of the company's copyrighted computer programs.
A New Jersey appeals court has remanded a wrongful death suit over Roche Laboratories' acne medication Accutane, ordering the trial court to reconsider whether to allow expert testimony that would support a link between the drug and suicide.
A federal appeals court has thrown out a doctor's suit alleging Organon Inc. made false claims to Medicare and Medicaid programs when it failed to disclose the harmful effects of the anesthetic Raplon, which was withdrawn from the U.S. market in 2001.
TiVo Inc. has widened the scope of its lawsuit accusing Verizon Communications Inc. of violating three patents related to digital video recording technology, adding two Verizon affiliates as defendants.