A federal appellate court has vacated a district court's decision certifying a class in a suit accusing Schering-Plough Corp. and its fiduciaries of misleading its employees about the value of its own stock, causing them to invest their pensions in securities that ultimately lost tens of millions of dollars in value.
Merck & Co. Inc. subsidiary Schering Corp. has ignited the latest round of litigation over its cholesterol drug Vytorin, hitting Mylan Pharmaceuticals Inc. with a patent infringement suit following the rival drugmaker's filing of an abbreviated new drug application for a generic version of the drug.
Consumers have filed a proposed antitrust class action accusing Comcast Corp. of orchestrating an illegal tying arrangement by forcing digital voice customers to pay an additional fee to rent a specialized modem.
There should be more flexibility in the length of time for oral argument. Many cases cannot be addressed in 15 minutes, says Allen Hirsch, a partner in the litigation practice of Arnall Golden Gregory LLP who focuses on appellate practice, among other things.
The Federal Home Loan Bank of Pittsburgh’s suit against Moody’s Investors Service Inc., The McGraw-Hill Cos. Inc. and JPMorgan Securities Inc. regarding their allegedly overly rosy investment outlook for a $100 million mortgage-backed security will proceed in state court, a federal judge ruled Monday.
Boehringer Ingelheim International GmbH has moved to dismiss two antitrust suits brought by rival Mylan Inc. and direct buyers that accuse the generics maker of knowingly prosecuting an invalid patent for Parkinson's drug Mirapex, arguing that the suits fail to meet pleading standards under Twombly.
A federal judge has given final approval to a settlement valued as high as $530 million between Aviva USA and hundreds of thousands of individuals who claim they purchased fraudulently marketed annuities.
An aggrieved would-be franchisee of Kia Motors America Inc. has lost his breach of contract claims against the automaker, which he had accused of backing out of an oral agreement to make him an authorized dealership.
Teamsters Allied Benefit Funds has filed a proposed class action on behalf of XTO Energy Inc.'s shareholders, seeking to stop the oil and gas producer's acquisition by Exxon Mobil Corp. in a $41 billion all-stock transaction.
Exxon Mobil Corp. may pull out of a $41 billion deal to buy XTO Energy Inc. if U.S. lawmakers outlaw hydraulic fracturing, a controversial drilling practice under scrutiny for its possible harmful effects on groundwater.
Online advertising company Yodle Inc. has filed suit against three former employees, saying they violated their employment contracts by conspiring with a startup rival to hack Yodle's computer systems and steal its customers.
A federal judge has paved the way for private oil and gas drilling in the Allegheny National Forest to resume, enjoining a temporary ban that was instituted by the U.S. Forest Service.
A federal judge has "reluctantly" signed off on orders requiring two early investors in an $80 million Ponzi scheme to return the roughly $220,000 in profits they received, but none of the principal funds they also recovered, as federal regulators vowed to oppose the receiver's bid for further disgorgement.
Loeb & Loeb LLP has added an eight-attorney team specializing in representing energy and financial companies in transactional and regulatory matters from Day Pitney LLP, including four lawyers who will help the firm launch a new office in Washington.
A federal appeals court has vacated a lower court order dismissing four consolidated product liability class actions against General Nutrition Cos. Inc. over nutritional supplement ephedra, ruling that the judge abused his discretion by tossing the claims without warning.
A group of employee benefit plans has moved to certify a class of plaintiffs that paid or reimbursed for Wellbutrin XL, in an action accusing Biovail Corp. and GlaxoSmithKline PLC of suppressing the market for a generic version of the blockbuster antidepressant.
A federal judge has refused to separate an Employee Retirement Income Security Act class action from a trio of securities and common law class actions, all of which accuse KeyCorp’s investment management subsidiary of blindly sluicing millions of dollars into the Madoff Ponzi scheme.
A bankruptcy judge has approved GPX International Tire Corp.'s $54.2 million sale of some of its U.S. and South African business assets to Alliance Tire Co., which won out against a rival bid by Titan International Inc. last week.
ExxonMobil Corp. has agreed to buy oil and gas producer XTO Energy Inc. in a $41 billion all-stock deal aimed at improving the oil giant's ability to develop unconventional energy resources.
A federal judge has approved a $32 million settlement between RAIT Financial Trust and several institutional investors who accused the real estate investment trust of misleading them about its exposure to subprime mortgages.