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  • December 22, 2009

    3rd Circ. Vacates Class Cert. In Schering ERISA Suit

    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.

  • December 22, 2009

    Schering Targets Mylan Over Vytorin ANDA

    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.

  • December 22, 2009

    Comcast Hit With Antitrust Action Over Modem Fees

    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.

  • December 22, 2009

    Q&A With Arnall Golden Gregory's Allen Hirsch

    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.

  • December 21, 2009

    Bank Co-Op's $100M MBS Suit Sent Back To State Court

    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.

  • December 21, 2009

    Boehringer Tries To Derail Mirapex Antitrust Suits

    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.

  • December 21, 2009

    Judge OKs Annuity Sales Settlement Worth Up To $530M

    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.

  • December 21, 2009

    Kia Motors Prevails In Franchise Dispute

    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.

  • December 18, 2009

    Teamsters Sue To Halt $41B Exxon-XTO Energy Deal

    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.

  • December 17, 2009

    Hydraulic Fracturing Reform Could Thwart Exxon Deal

    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.

  • December 16, 2009

    Yodle Sues Ex-Employees For Alleged Hacking Plot

    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.

  • December 16, 2009

    Judge Allows Drilling In Allegheny Forest To Resume

    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.

  • December 16, 2009

    Judge 'Reluctantly' OKs Ponzi Scheme Investor Deals

    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.

  • December 15, 2009

    Loeb & Loeb Launches DC Office With Day Pitney Attys

    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.

  • December 15, 2009

    2nd Circ. Revives GNC Class Actions Over Ephedra

    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.

  • December 15, 2009

    Wellbutrin Indirect Buyers Seek Cert. In Antitrust Suit

    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.

  • December 14, 2009

    KeyCorp ERISA Case Stays Tied To Securities Cases

    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.

  • December 14, 2009

    Alliance Beats Titan With $54M Bid For GPX Assets

    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.

  • December 14, 2009

    ExxonMobil To Buy Gas Producer XTO For $41B

    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.

  • December 11, 2009

    RAIT Ends Actions Over Subprime Losses For $32M

    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.