On the heels of last week’s settlement announcement, Austrian lender BAWAG PSK Group has revealed that it will pay at least $675 million to federal regulators for its alleged role in the collapse of futures broker Refco Inc.
In a setback for Infineon Technologies AG, a California district court has denied the German semiconductor maker’s attempt to dismiss a U.S. class action on behalf of shareholders who claimed Infineon inflated its share price through cartel deals.
Still trying to recover from the massive accounting fraud dubbed “Europe’s Enron,” Italian dairy conglomerate Parmalat Finanziaria SpA has scored a four-month extension of a U.S. court protection order against its creditors.
As voice over Internet protocol (VoIP) technology gains popularity, so does litigation over the patents for it, most recently causing Internet service provider Net2Phone to file a suit against Skype Technologies SA and parent company eBay.
Shareholders have amended their class action complaint against the executives, underwriters, and auditors of Italian dairy giant Parmalat SpA, adding allegations that target the company itself.
An angry rival of Lockheed Martin Corp. has hit the defense contractor with a countersuit, claiming Lockheed used intimidation tactics and “sham litigation” to block the rival from bidding on a $1 billion military training contract.
In a bid to avoid a criminal indictment in the United States, Austrian lender Bawag PSK Group has settled out of court with federal regulators for an amount that may exceed $600 million for its alleged role in the collapse of futures broker Refco Inc.
Facing a whopping $17.8 million in legal fees, the infamous former chief executive officer of industrial conglomerate Tyco International Ltd. has asked a Manhattan court to compel a Bermuda insurer to turn over documents that might help determine who should pick up the massive tab.
Less than a month after Silicon Graphics Inc. asked a bankruptcy court to limit large trades of its equity, the high-performance computer maker has won final court approval to do so in a bid it hopes will help to protect certain tax benefits.
Adelphia Communications Corp. can breathe a sigh of relief now that a judge has extended the deadline for creditor approval of its Chapter 11 reorganization plan, giving the company two more weeks to resolve a dispute between noteholders that is holding up the process.
Less than a month after Mario Gabelli agreed to pay $100 million to settle allegations of share manipulation, the famed money manager is in talks with the U.S. Department of Justice in order to resolve civil fraud claims in a separate case alleging the tycoon’s use of sham businesses in federal cell phone spectrum auctions.
One week after guilty verdicts were handed down against Enron’s two top former executives, the beleaguered oil giant has reached a settlement with Vinson & Elkins LLP, a prominent Texas law firm that had been accused of negligence in the watershed corporate scandal.
Businesses could be inadvertently committing fraud and putting themselves at risk of having their trademark registrations canceled in light of a quiet three-year-old decision by the Trademark Trial and Appeal Board that has fundamentally changed the way that trademark registrations are handled in the United States, experts say.
New York State Comptroller Alan G. Hevesi is asking a federal judge to remove recently indicted law firm Milberg Weiss as counsel for the lead plaintiff in a class action securities suit against Bayer AG.
While other firms may inflate attorney numbers to make it seem as though they are a top-dog in the competition arena, the antitrust practice group at Weil Gotshal & Manges’ Washington, D.C. office sees no need for such window dressing.
A federal judge in Manhattan sentenced the former president of Impath Inc. to three and a half years in prison Tuesday, bringing to a close the criminal prosecution of the man U.S. prosecutors claimed was responsible for costing the company’s investors and employees $260 million and driving Impath into bankruptcy.
Heller Ehrman LLP may have only set up shop in Washington, D.C. a little over a decade ago, but the attorneys there and the firm itself have been in the antitrust game a long time.
As a controversial reorganization plan hangs in the balance, a group of asbestos claimants have won bankruptcy court permission to examine the insurance policies held by defunct Quigley Co. Inc. and corporate parent Pfizer Inc., pushing back the unit’s Chapter 11 plan confirmation hearing indefinitely.
A financial analysts group has asked the U.S. Securities and Exchange Commission for changes as companies continue to face fallout from backdating stock options awarded to executives.
Raising the ire of the Pension Benefit Guaranty Corp., Delta Air Lines Inc. and its pilots struck a deal Wednesday that allows $280 million in annual concessions.