The Connecticut attorney general is probing a proposed $1.5 billion tie-up between First Niagara Financial Group and New Haven, Conn.-based NewAlliance Bancshares Inc., asking for justification of the bank merger.
A federal judge has foiled GlaxoSmithKline PLC's latest campaign to dismiss direct purchaser claims in a class action accusing the drugmaker of filing baseless patent suits to delay generic competition in the market for antidepressant Wellbutrin SR.
A Pennsylvania appeals court has revived 14 suits filed by women claiming Wyeth Pharmaceuticals Inc.'s menopause drugs Prempro and Premarin caused their breast cancer, finding that a jury should have weighed the facts as to whether the plaintiffs brought their claims within the statute of limitations.
Travelers Property Casualty Co. of America does not need to cover defense costs for a Pennsylvania construction company sued for its role in a scheme that saw two judges get nearly $2.8 million to steer juvenile offenders to a private detention center.
LB Foster Co. and Portec Rail Products Inc. have extended the so-called drop-dead date of their proposed merger until Dec. 30, while U.S. Department of Justice antitrust concerns still threaten to derail the deal.
A federal judge has denied class certification to shareholders in a suit alleging title insurer First American Financial Corp. and its unit eAppraiseIT LLC colluded with Washington Mutual Inc. to manipulate real estate appraisals.
A federal appeals court has refused to reconsider its ruling that overturned a lower court's decision in a long-running trademark infringement dispute between rival supplement-industry suppliers over a powdered mint extract and ordered judgment in favor of plaintiff Sabinsa Corp. without a new trial.
A federal judge on Tuesday shot down a class certification bid by direct purchasers of organotin heat stabilizers and epoxidized soybean oil in multidistrict litigation over price-fixing among plastic additives makers, a move that comes after an appeals court overturned the judge's prior certification of the classes.
Hartford Accident & Indemnity Co. has sued Dravo Corp., claiming the power-station construction contractor is obligated to defend and indemnify it for asbestos-related bodily injury coverage claims brought by Allegheny Energy Inc.
Morgan Stanley & Co. Inc. has agreed to pay more than $6 million to settle claims brought by a putative class of municipalities that it worked with about a dozen other banks and financial advisers to fix the prices of municipal derivatives sold in the United States.
A federal judge once again has shot down a bid by a former Stantec Inc. electrical designer to conditionally certify a collective class in a case alleging the company intentionally misclassified designers as exempt from overtime compensation.
GlaxoSmithKline PLC is in hot water again over its diabetes drug Avandia, this time with a putative class of retirement plan participants who say the company and its directors breached fiduciary duty by concealing the drug's risks, causing the value of the plans' investments to plummet.
Assistant U.S. Attorney Sean H. Lane has been appointed to the bench at the U.S. Bankruptcy Court for the Southern District of New York, marking the first new judge for the court in recent years to come from a government role rather than a major law firm.
Health care benefit provider Aetna Inc. has accused Laboratory Corp. of America Holdings of misleading Aetna members into believing that in-network rates for its laboratory services continued to apply after its in-network provider contract with the insurer had expired.
Insurer HealthSpring Inc. on Friday announced a $545 million cash-and-debt deal to acquire privately held Bravo Health Inc. in an effort to increase its membership rolls and broaden its geographic reach.
A federal judge has decertified a collective action that accuses Farmers Pride Inc. of failing to pay for time spent donning, doffing and sanitizing safety gear, but gave the plaintiffs another crack at it.
Days after a judge signed off on bankrupt Chemtura Corp.'s $50 million deal to settle most respiratory disease claims it faces over the buttered popcorn flavoring component diacetyl, Chemtura has reached a settlement with its insurers to cover part of the deal's cost.
A federal judge has trimmed civil racketeering and other claims against two judges accused of taking more than $2.8 million in kickbacks to steer juvenile offenders to a new private detention center in Pennsylvania.
A Pennsylvania state appeals court has rejected a challenge to a ruling that an advertising damages provision in policies issued by The Brethren Mutual Insurance Co. did not require the insurer to defend Paradise Distributing Inc. with respect to a class action brought against Paradise for sending a slew of unsolicited faxes.
Immucor Inc. and Johnson & Johnson subsidiary Ortho-Clinical Diagnostics Inc. have lost bids to scrap multidistrict litigation in which a consolidated putative class of hospitals, blood banks and medical labs has accused the companies of conspiring to fix prices for blood reagents in the United States.