Bond insurance giant MBIA Inc. has been hit with a shareholder class action alleging top executives hid the company's exposure to massive losses stemming from its coverage of residential mortgage-backed securities.
Aetna Inc. filed suit Thursday against Express Scripts Inc. and subsidiary CuraScript Inc., accusing the pharmacy benefit management companies of attempting to cheat the insurance giant out of the benefits of its bargain with Express Scripts subsidiary Priority Healthcare Corp.
As part of an effort to crack down on mortgage fraud, the Office of Federal Housing Oversight has issued a new set of guidelines for the anti-fraud programs of government-sponsored lenders Freddie Mac and Fannie Mae.
A proposed class action lawsuit that accused Pfizer Inc. of deceptively marketing its blockbuster cholesterol treatment Lipitor has been dismissed after more than two years of litigation in which the plaintiffs' claims were slowly winnowed down.
Following up on threats they made in December, nearly a dozen environmental groups on Thursday confirmed their plan to file suit against the Department of Energy over a power corridor development they claim violates several environmental laws.
The plaintiffs' attorneys in a multidistrict antitrust action against Sherwin-Williams Co. and PPG Industries Inc. have won $13 million in fees, topping off a $39 million settlement they struck a year ago.
Federal prosecutors have appealed a Pennsylvania district court's ruling that overturned a jury conviction against a former general counsel of Amkor Technology Inc. on three insider trading charges.
After a much-publicized video last year of security guards sleeping on the job at a nuclear power plant, the House Energy and Commerce Committee has announced plans to investigate how the Nuclear Regulatory Commission follows up on reports of improper conduct.
A series of flirtatious Instant Messenger chats provided enough intimate details for a federal judge to write off allegations in a sexual discrimination suit brought by a former Cingular Wireless LLC temporary employee against the wireless company and her manager.
King Pharmaceuticals Inc. has dropped one of the infringement cases concerning its muscle relaxant Skelaxin, agreeing to grant a patent license allowing the defendant, CorePharma LLC, to manufacture a generic version of the drug, known as metaxalone, beginning in 2012.
With their $8.5 billion merger in jeopardy, the Toronto-Dominion Bank and Commerce Bancorp Inc. have reached a settlement putting to rest a slew of shareholder suits filed in the wake of their October merger announcement.
Three separate lawsuits filed within the past month accuse The Hershey Co. and other top candy companies of participating in a conspiracy to artificially inflate the price of chocolate.
A bankruptcy court has cleared the way for Global Home Products LLC to gain support for its reorganization plan that aims to recover at least $8.5 million for creditors.
Gregory Miller and 11 other lawyers from Miller Alfano & Raspanti, P.C., have just joined the Philadelphia office of Drinker Biddle & Reath LLP in securities litigation.
Comcast Corp. has been hit with a shareholder lawsuit alleging the cable provider intentionally misled investors in order to inflate stock prices, which fell dramatically after Comcast released a year-end earnings revision.
Travelers Cos. Inc. has agreed to pay $77 million to put to rest a purported class action alleging insurance securities fraud resulting from the company's alleged involvement in a bid-rigging scandal, the New Mexico attorney general announced Thursday.
Despite months of plaintiffs' lobbying, the federal judge overseeing the Fosamax product liability litigation has denied class status to patients who have yet to develop a painful jaw condition allegedly linked to the osteoporosis medication.
The Supreme Court of Pennsylvania has sided with the state utility commission, ruling that it was correct in approving Verizon Communications' purchase of MCI Inc. on the basis of likely public benefit.
After the U.S. Department of Justice announced late last month that it won't pursue an appeal in its battle with Stolt-Nielsen over an amnesty agreement, the Norwegian shipping company is finally free of its years-long fight. But many antitrust attorneys caution that the unique case may have ripple effects for years to come.
Travelers Companies Inc. agreed to pay $6 million to a multistate task force to resolve allegations that the company was involved in a bid-rigging and price-fixing plot in the commercial insurance market, the company and the Florida attorney general revealed Monday.