A federal appeals court in Cincinnati ruled Friday that an advanced technology company will not be able to dodge a $20 million patent infringement action filed against it because of a stay in bankruptcy during the mid-1990s.
In its lawsuit against Wal-Mart, General Motors, Ford Motor Co. and other retailers over illegal price discrimination, a 140-member plaintiffs coalition is asking for a court order that could lead to a significant drop in the cost of price discrimination suits and a surge in competition enforcement nationwide.
A proposed settlement agreement in the reorganization proceedings of flatware manufacturer Oneida Ltd. may result in a $56.2 million unsecured claim for federal pension insurer Pension Benefit Guaranty Corp. if a federal judge approves the deal.
Despite objections from the troubled flatware manufacturer, equity holders have won the right to have an official committee appointed in the ongoing Oneida Ltd. bankruptcy case.
In a move that hints at cracks in new provisions to the Bankruptcy Code, London Fog Group Inc.’s committee of unsecured creditors is seeking clarification from a federal bankruptcy judge over a provision that compels committees to disclose information to the creditors they represent.
Less than a month after a federal judge ordered Washington state to stop enforcing key parts of its system governing liquor sales and distribution, the Washington State Liquor Control Board is planning to appeal the ruling, saying the judge ruled incorrectly when she placed federal laws ahead of the state's right to regulate alcohol.
After slipping into bankruptcy for the third time in the past 10 years, Anchor Glass Container Corp. has emerged from Chapter 11 protection as a privately held company upon the closure of its $215 million exit financing package with Credit Suisse Group.
A federal bankruptcy judge has granted Oneida Ltd. permission to abandon its main pension plan, allowing the struggling flatware maker to dump responsibility for more than 1,800 participants onto the beleaguered, government-backed Pension Benefit Guaranty Corp.
The European Commission has imposed fines of €388 million on seven of nine companies, including some of the biggest names in the global chemical industry, found guilty of running a bleaching chemicals cartel between 1994 and 2000.
As part of Australia’s crackdown on cartels, the country says it will amend its immunity policy to give more protection to whistleblowers in antitrust investigations, according to comments made late last week by Attorney-General Philip Ruddock.
A week after winning court permission to borrow on its debtor-in-possession loan, bankrupt Easy Gardener Products Ltd. is seeking approval to hire Houlihan Lokey Howard & Zukin Capital Inc. as its financial adviser.
A federal bankruptcy judge has given the green light to London Fog Group Inc. in its bid to borrow on its $40 million debtor-in-possession loan as the famed rainwear manufacturer reorganizes in Chapter 11 bankruptcy.
After two years of scrutiny by the U.S. Department of Justice into bid-rigging within the fur industry, the former vice president of Alaska Brokerage International Inc. is facing trial next week over allegations that he collaborated with others to rig bids at a Seattle fur auction in 2004.
Trying to boost its case for substantive consolidation, a band of Winn-Dixie Stores Inc.’s trade creditors have asked the bankruptcy court for permission to investigate the supermarket chain’s $300 million note issuance in December 2000.
A month after refusing to dismiss Overstock.com’s short-selling lawsuit, a California state judge has put the brakes on the Internet retailer’s upcoming trial against a hedge fund and a research firm, delaying proceedings until the defendants’ appeals have been resolved.
Litigation over alleged price-fixing in the lucrative market for artificial sweetener aspartame is about to expand, with two news suits filed and several more looming, according to attorneys involved in the matter.
The most recently bankrupt unit of Swiss engineering giant ABB Ltd. has received court approval to tap more than $50 million in financing to maintain operations during what the company plans to be a brief stint in Chapter 11.
Following in the steps of other creditors committees that have found ambiguities in the U.S. Bankruptcy Code, Oneida Ltd.’s committee of unsecured creditors is requesting that the court confirm that it is not entitled to disclose confidential information to the creditors it represents.
In yet another professional setback for the law firm Gilbert Heintz & Randolph LLP, a bankruptcy judge overseeing Chapter 11 proceedings for flooring materials company Congoleum Corp. has paved the way for a bondholder lawsuit against the firm for alleged conflict of interest.
In a widely supported move, a federal judge on Thursday gave Winn-Dixie Stores Inc. 70 more days to go shopping for a consensual reorganization plan.