Visa Inc. has agreed to pay as much as $2.25 billion to American Express Co. in order to bow out of a long-running antitrust lawsuit that alleged MasterCard and Visa improperly limited competition in the credit card network business.
The creditor and shareholder committees in Calpine Corp.'s bankruptcy case filed joinders on Tuesday seeking to throw out a pension fund's $60 million proof of claim for alleged securities violations.
Plaintiffs in a purported class action against Bausch & Lomb Inc. over a contact lens solution that allegedly causes fungal infections have revamped their complaint to bypass pleading hurdles created by the U.S. Supreme Court's Twombly ruling.
McDermott, Will & Emery LLP is raising its fists against a Manhattan bankruptcy judge's decision to slash the fees the firm requested in Saint Vincent Catholic Medical Centers' Chapter 11 case.
An attorney was partially vindicated Tuesday when the court ordered her former business partner to hand over a portion of the amount she requested for work she claimed she had done before they split and divvied up plaintiffs they were representing in the litigation over synthetic estrogen diethylstilbestrol, a miscarriage prevention drug.
In an effort to stanch the damage done by the subprime meltdown, the House of Representatives' Financial Services Committee has approved its mortgage reform and anti-predatory lending bill in the face of mounting opposition from banks and lenders.
A judge threw out a $20 million claim filed by one of bankrupt Dana Corp.'s suppliers, agreeing with the auto parts company that the claim, which included trade secret theft, lacked merit.
New York Attorney General Andrew M. Cuomo has roped the U.S.'s two largest mortgage financiers, Fannie Mae and Freddie Mac, into his investigation of allegedly inflated mortgage appraisals at Washington Mutual Inc.
The fundamental weakness of the federal antitrust agencies is that they don’t shake things up enough internally, with managers and staff members alike staying in the same positions for years, says K&L Gates' James R. Weiss in our series of chats with high-profile antitrust lawyers.
Federal Express Corp. moved to bolster its argument in a case alleging the company's performance review process discriminates against older workers, telling the U.S. Supreme Court in oral argument Tuesday that timely notice and the opportunity for conciliation are required before an age discrimination private suit may be brought.
A judge has named a lead plaintiff in a proposed class action securities suit against biotechnology company Threshold Pharmaceuticals about two months after the suit was transferred across the country.
Donald Trump is headed to trial in an employment dispute over alleged bribery and corruption in the Trump Towers' management ranks after a federal judge ruled that the plaintiff's lawyer acted of his own accord in trying to declare a rapprochement between the warring sides.
Virginia's governor, attorney general and lawmakers have asked that their state be excluded from a measure they fear will give power companies free rein to build massive electric transmission lines, joining the mounting opposition against the plan.
Hunton & Williams LLP has added a new attorney to its national bankruptcy, financial restructuring and creditors' rights practice.
Just one day after Citigroup Corp. disclosed that it would take an $11 billion hit due to subprime mortgage exposure, the bank's current and former employees have taken action, filing a lawsuit against the ailing Wall Street firm alleging violations of the Employment Retirement Income Securities Act.
A federal judge will allow most of a trademark dispute between the American Red Cross and Johnson & Johnson over the red cross symbol to go forward.
The panel on multidistrict litigation has decided to pare down a complaint recently accepted into the fold of the Aredia and Zometa product liability litigation, ruling that a number of the allegations do not relate to the bone cancer drugs at hand.
Pennsylvania has asked for a rehearing on the U.S. Department of Energy's decision to include a bulk of the state in one of the massive electric transmission corridors that many say will allow power companies to ignore state objections.
A shareholder has filed a proposed class action lawsuit against E-Trade Financial Corporation, alleging the company violated federal securities laws by misleading or not being forthright with investors.
An appellate court has refused to overturn a National Labor Relations Board ruling that cleared Smithfield Foods Inc. from claims that it illegally videotaped union organizers and that high-level managers threatened to close the plant because of unionizing efforts.