Pennsylvania

  • February 14, 2006

    Controversial Sovereign Bill Passes, Angering Investors

    A widely criticized bill that offers protection to executives and directors of Pennsylvania’s Sovereign Bank against a shareholder challenge was signed into law by the governor last week amid opposition from shareholders and charges that the state legislature bent their own rules to ensure the bill’s swift passage.

  • February 14, 2006

    Stem Cell Patent Battle Brewing Over Korean Research

    An international battle over valuable patents for stem cell research is brewing between one-time collaborators in South Korea and the United States who have filed competing patent applications despite the public collapse of the research’s reliability.

  • February 7, 2006

    Lerach Tops Milberg, Ranks #1 In Plaintiffs Firm Survey

    A bitter breakup with his former mentor and a pesky federal investigation into alleged rewards for lead plaintiffs haven’t stopped William Lerach from cementing his position as the dean of the securities litigation plaintiffs bar.

  • February 2, 2006

    Sovereign Investors Blast Move By State Legislature

    In a secretive overnight vote, Pennsylvania legislators have rushed through a bill that makes a deep dent in shareholders' campaign to block Sovereign Bankcorp.'s three-way deal with a Spanish bank and a New York thrift.

  • January 31, 2006

    Matsushita Sues Samsung Over DRAM Patents

    In the latest chapter in a drawn-out battle fought in courtrooms on two continents, Matsushita Electric Industrial Co. has sued Samsung Electronics Co. Ltd. in a Texas federal court, accusing the South Korean rival of infringing patents for memory chip technology.

  • January 25, 2006

    Sovereign Motion Dismissed in Court Amid Verbal Blitz

    A fusillade of filings, accusations, lawsuits and counterstrikes between Sovereign Bancorp. and its largest institutional investor has led a federal judge to order the combatants to curb their public attacks on each other and stop filing papers, while also killing a motion by the Philadelphia company to dismiss two lawsuits by its shareholder.

  • January 20, 2006

    Calpers Seeks SEC Muscle in Sovereign Bank Spat

    The California Public Employees' Retirement System (Calpers), the nation’s largest public pension fun, has joined the tug-of-war between Sovereign Bancorp Inc. and a growing group of institutional investors over a complicated deal that involves selling 20% of the company’s shares to a Spanish bank.

  • January 19, 2006

    Gibson Dunn Snags NASD Enforcement Chief

    The securities litigation practice at Gibson Dunn & Crutcher will soon have an even better understanding of the inner workings of securities regulators, with former head of the National Association of Securities Dealers enforcement division Barry Goldstein as the firm’s latest hire.

  • January 10, 2006

    Sovereign Seeks SEC Aid In Battling Investor

    Sovereign Bancorp Inc. has asked the Securities and Exchange Commission to investigate a claim by its largest shareholder that the bank failed to disclose business ties with the author of an editorial that backed its controversial takeover bid.

  • January 9, 2006

    Supreme Court Eyes Glaxo's Paxil Appeal

    In a fresh sign that intellectual property matters will weigh heavily at the U.S. Supreme Court this year, justices have asked the Bush administration's solicitor general for advice while considering the appeal of U.K. drug maker GlaxoSmithKline Plc over its antidepressant Paxil.

  • January 5, 2006

    Shareholder Tweaks Suit After Sovereign Delays Meeting

    A move by Sovereign Bancorp Inc. to delay its annual meeting by several months has enraged its largest shareholder, which claims the company’s management is trying to push through a complicated merger deal without the support of investors.

  • January 3, 2006

    Companies Clash Over Mobile Technology Patent

    Two companies are locked in a bitter dispute over who owns the rights to technology that allows mobile users to safely access their company’s network from an off-site location and bounce from network to network without interruption.

  • January 1, 2006

    Nokia Loses Final Appeal To Avoid $252M Payment

    Finish mobile phone maker Nokia Corp. has lost its final bid to avoid paying a $252 million award to wireless technology firm InterDigital Communications Corp. to settle drawn-out arbitration between the two rivals.

  • December 22, 2005

    Ranbaxy Abandons Bid For Early Generic Provigil

    Pharmaceutical company Cephalon Inc. dropped its lawsuit Thursday against generic drug maker Ranbaxy Laboratories Ltd. over the sleeping disorder treatment Provigil.

  • December 21, 2005

    Mylan's Levaquin Appeal Shot Down By Federal Circuit

    In a victory for Johnson & Johnson, the U.S. Court of Appeals for the Federal Circuit affirmed a lower court’s ruling preventing drug maker Mylan Laboratories Inc. from duplicating its lucrative anti-infective drug Levaquin.

  • December 21, 2005

    Tiny Biotech Company Wins $48M Trade Secret Award

    After a six-year feud over a potential blockbuster drug, a small family-owned pharmaceutical company has been awarded $48 million from a biotechnology firm accused of illegally licensing its patents.

  • December 20, 2005

    Investor Asks SEC To Dismantle $2.4B Sovereign Deal

    The largest shareholder of Sovereign Bancorp Inc. is petitioning regulators to halt a $2.4 billion deal between Sovereign and a major Spanish bank, claiming the New York Stock Exchange will be in violation of its own rules if it prevents shareholders from voting on the deal.

  • December 20, 2005

    Andrx, Glaxo In New Row Over Wellbutrin

    Extending the drawn-out legal row over generic Wellbutrin, a subsidiary of Andrx Pharmaceuticals LLC has sued British rival GlaxoSmithKline PLC, alleging the company’s current formula for the antidepressant infringes Andrx’s patent.

  • December 12, 2005

    Sovereign Shareholder Sues To Stop $3.6B Deal

    Sovereign Bancorp Inc.'s largest shareholder, Relational Investors LLC, has filed a lawsuit to stop a $3.6 billion deal between the bank, Spain's Banco Santander Central Hispano SA and Independence Community Bank Corp.

  • December 9, 2005

    Samsung, Hynix Targeted In Semiconductor Suit

    Samsung Electronics Co. and Hynix Semiconductor Inc., both competitors in the semiconductor industry, have been sued in federal court over two chip technology patents.