• August 15, 2008

    Judge Spurns Countrywide Deal With Pa. Trustee

    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.

  • August 15, 2008

    Boscov's Announces 10 Store Closing Sales

    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.

  • August 15, 2008

    Wachovia To Buy Back $9B In Auction Rate Securities

    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.

  • August 14, 2008

    3rd Circ. Tosses Landfill Spat Back To Lower Court

    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.

  • August 15, 2008

    Three Classes Proposed For Chocolate Antitrust MDL

    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.

  • August 13, 2008

    ABFS Bondholders Get Green Light For BDO 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.

  • August 13, 2008

    Schumer Asks FERC To Investigate Power Markets

    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.

  • August 13, 2008

    Bitter End For Plaintiffs In Aspartame Antitrust Suit

    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.

  • August 11, 2008

    Trustee Protests Countrywide's Deal With Pa.

    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.

  • September 2, 2008

    Enviro Boutiques Get Boost From Climate Work

    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.

  • August 7, 2008

    Tobacco Co. Wins Appeal In Deceptive Conduct Suit

    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.

  • August 7, 2008

    Conflict Puts Akerman-WolfBlock Merger In Question

    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.

  • August 7, 2008

    Judge OKs $250M DIP Loan For Boscov's

    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.

  • August 7, 2008

    N.J. Title Insurance Antitrust Suits Consolidated

    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.

  • August 6, 2008

    Law School Grads Face Tight Job 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.

  • August 6, 2008

    Reed Smith Takes Hit In Overbilling Suit

    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.

  • August 6, 2008

    Label Makers Settle Antitrust Suit For $8.25M

    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.

  • August 5, 2008

    Hire Sheet: Law Firms Hired For Major IP Litigation

    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.

  • August 5, 2008

    Kimberly-Clark Joins Hydrogen Peroxide Cartel Fight

    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.

  • August 4, 2008

    Credit Crunch Drives Boscov's To Bankruptcy

    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.