The former sales chief at CA Inc. was sentenced on Tuesday to seven years in prison for taking part in a $2.2 billion accounting scheme to inflate the software company’s quarterly revenue through backdated sales deals.
An Internet advocacy group boasting formidable members like Yahoo! Inc. and Google Inc. petitioned the Securities and Exchange Commission Tuesday to stay a staff decision authorizing a dramatic change in the pricing structure for access to real-time market data.
Embattled New York Stock Exchange Chairman Richard Grasso is appealing to a higher court in his quest to stay a ruling that would require him to return the bulk of his $187.5 million compensation package.
A subsidiary of United Therapeutics Corp. has settled a lawsuit brought against Herbalife International Inc. for its alleged infringement of United’s patents for amino acid vascular enhancement products.
A London and New York-based investment banking boutique has acquired a U.S. restructuring firm in an effort to cash in on rising debt levels and interest rates that cause companies to file for bankruptcy.
Persevering in its attempts to force Lucent Technologies Inc. to surrender all documents relating to a $44 million debt, bankrupt telecommunications company Adelphia Communication Corp. claimed on Friday that Lucent failed to prove the documents fell under attorney-client privilege.
The ad hoc committee of noteholders in Solutia Inc.’s bankruptcy case has filed a scathing objection to the debtor’s ninth request to extend its exclusive right to file a Chapter 11 plan, accusing Solutia of failing to negotiate in good faith, squandering the estate’s resources and taking a cavalier attitude toward the reorganization process.
The Supreme Court on Monday decided not to hear a case in which embattled Qwest Communications International Inc. argued it should not have to turn over privileged documents to the shareholders suing it over alleged securities fraud.
Yale University and a biochemistry professor have until the end of December to file a motion to dismiss a lawsuit brought a by a former scientist who says she hasn’t been paid royalties for a component of a blood test she helped invent.
In an unusual twist, a judge overseeing a long-running legal battle between Boeing Co. and its shareholders over the aerospace giant’s procurement scandals has delayed a $12 million settlement deal in order to revisit the testimony of six plaintiffs who were represented in the case by Milberg Weiss Bershad & Schulman LLP.
An upheals court has upheld summary judgment for Citibank N.A. in two related suits that alleged racist e-mails and supervisors created a hostile work environment at the financial services company.
An online dispute resolution company declared victory Monday after a federal judge decided that a rival was infringing on its patent for an online dispute resolution system capable of multiple rounds of bidding.
Specialty drug maker Spectrum Pharmaceuticals Inc. has settled a patent infringement suit with GlaxoSmithKline over the use of the migraine injection treatment Imitrex.
Less than a year after being named general counsel of International Business Machines Corp., Donald J. Rosenberg has jumped ship to rival tech giant Apple Computer Inc., marking the end of a six-month vacancy created by the former general counsel’s departure in the wake of a probe into the company’s stock option grants.
For Latham & Watkins, the ability to offer clients cradle-to-grave business service is one of many reasons that the firm’s bankruptcy practice has been able to thrive and stand out in a packed legal field over the years.
Crowell & Moring LLP has added 23 new attorneys to the firm by acquiring a health care and labor and employment boutique, along with three intellectual property partners from another firm.
After an explosion occurred at its petroleum refinery in Texas City, Tex., in March 2005, British energy company BP PLC counted on Vinson & Elkins LLP’s employment litigation and labor attorneys to immediately address the disaster.
New Zealand’s competition watchdog has rounded up Visa International and MasterCard International Inc. as well as 11 financial institutions in a legal action over alleged price-fixing of credit card fees.
Bayou Management LLC said Friday it has reached its first settlement with UT Medical Group Basic Pension Plan, one of a slew of investors the bankrupt hedge fund has sued in an effort to recoup investments made and profits earned before the now-defunct fund collapsed.
American Express Co. is back in court over alleged violations of securities laws; but this time it’s nothing new. A circuit judge has reinstated a 2003 suit that alleged the company profited from illegal short swing trades by selling InfoSpace Inc. stock it held.