Days after the U.S. trustee's office lodged a protest, a federal bankruptcy judge has rejected a proposed deal reached between Countrywide Financial Corp. and Pennsylvania over the lender's allegedly abusive practices in the state.
The bankrupt department store chain Boscov's Inc. has announced store-closing sales at 10 of its 49 locations as part of its Chapter 11 restructuring plan.
Wachovia Corp. has become the latest big bank to settle with securities regulators over its involvement in the ill-fated auction rate securities market, agreeing Friday to a buyback scheme worth $9 billion.
The U.S. Court of Appeals for the Third Circuit has reversed and remanded a 2006 ruling that found a Pennsylvania county erred in forcing a private trash hauler to use the county-owned landfill rather than take advantage of cheaper disposal options.
Plaintiffs in a multidistrict case accusing major chocolate makers of conspiring to fix prices in the United States filed amended consolidated complaints Wednesday, laying out the three proposed classes for the suit.
Bondholders left holding paper after the collapse of American Business Financial Services will be allowed to sue accounting firm BDO Seidman LLP, a federal judge ruled Monday.
A New York senator has called on the U.S. Federal Energy Regulatory Commission to take a closer look at the activity of traders in area power markets, claiming that some may be engaging in practices that boost profits and bilk customers.
A purported antitrust class action against manufacturers and distributors of the artificial sweetener aspartame reached its end Monday when a federal judge granted the defendants' motion for summary judgment because the plaintiffs did not file their suit within the statute of limitations.
The U.S. trustee's office has balked at the tentative deal that Countrywide reached with Pennsylvania over abusive lender practices, maintaining that the truce has the potential to hinder the trustee's larger investigation.
As more companies seek to address climate change and alternatives to oil, the growing demand for legal expertise is giving environmental boutiques a leg up on full-service firms.
In a victory for a U.S. tobacco company accused of muscling out rivals and inflating prices, a federal appeals court has ruled that a private plaintiff claiming deceptive conduct under Pennsylvania's consumer protection law must show a justifiable reliance on the alleged deception.
After months of working toward a possible combination, Miami-based Akerman Senterfitt and Philadelphia-based WolfBlock LLP have hit a wall over a client conflict.
Boscov's Inc., the family-owned department store chain that filed for Chapter 11 on Monday, has secured approval of a $250 million debtor-in-possession loan provided by prepetition lender Bank of America NA.
A federal judge on Tuesday lumped together a slew of antitrust class actions alleging that large title insurance companies who do business in New Jersey, along with a state rating bureau, conspired to fix prices in the Garden State's billion-dollar title insurance market.
With the economic downturn taking its toll on law firms around the country, law school graduates are facing an uphill battle when it comes to getting a job offer.
In a blow to Reed Smith LLP, a Pennsylvania state court judge has thrown out the lion's share of the firm's preliminary objections in a lawsuit brought by a religious nonprofit group over an allegedly padded $1 million defense bill for an employment case.
A judge has signed off on an $8.25 million settlement between purchasers of retail labels and two companies implicated in a conspiracy to fix prices in the industry.
Kohler Co., Gallagher's NYC Steakhouse Franchising Inc. and Rand Corp. were just some of the companies that hired law firms to work on major IP litigation in recent weeks, according to our daily review of court dockets.
A group of paper companies, including Kimberly-Clark Corp. and Smurfit-Stone Container Enterprises, has filed suit against chemical maker FMC Corp. in an attempt to bust an alleged hydrogen peroxide cartel in the United States and Europe.
Just a week after rumors of a bankruptcy filing hit the press, department store Boscov's Inc. has filed for Chapter 11, blaming current economic conditions and their effect on consumer spending.