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.
As Krispy Kreme Doughnut Co. continues to struggle with a slew of financial and legal problems, a federal bankruptcy judge has confirmed the plan of liquidation for its bankrupt subsidiary, Freedom Rings LLC.
A federal appeals court has asked the U.S. International Trade Commission to reopen a patent infringement case from 2004 that involved battery maker Energizer Holdings Inc. and several Chinese battery makers.
Easy Gardener Products Ltd., a producer of fertilizer and plant food, has filed for Chapter 11 bankruptcy protection due to the rising cost of raw materials, increased freight charges and declining cash during the company’s peak season.
A group of investors has filed a proposed securities class action against PHH Corp., a Cendant Corp. spin-off, saying the company’s top executives engaged in a fraudulent scheme to improperly inflate its reported deferred tax assets by tens of millions of dollars.
A U.S. bankruptcy court judge has approved Oneida Ltd.’s exit financing package, but the lender’s retention may be put on hold while issues raised by an ad hoc committee of equity holders in the company’s Chapter 11 case are resolved.
Shareholders of bankrupt flatware maker Oneida Ltd. have asked a judge to form an official equity committee, claiming that the creditors committee will not challenge the company as it reorganizes.
After overcoming objections from the U.S. Trustee overseeing its Chapter 11 proceedings, Anchor Glass Container Corp. said this week its reorganization plan has been confirmed by a Florida bankruptcy court.
Legislation has been introduced on Capitol Hill that would provide new copyright protection to fashion designs, which some law makers believe are not sufficiently protected.