The U.S. Securities and Exchange Commission on Tuesday charged software company Aspen Technology with inflating its revenues, and accused the company's former top officials with orchestrating the plot over a three-year period.
On Friday, Baxter International Inc. once again fended off a putative securities class action related to the healthcare giant's revisions of its earnings statements in 2004.
A federal judge in New Jersey has agreed to consolidate 14 purported class action cases that accuse Vonage Holdings Corp. of making false statements with the U.S. Securities and Exchange Commission prior to its initial public offering.
Baker & McKenzie LLP will be adding to its ranks the second-in-command in the U.S. Attorney's Office, who announced his resignation to the post in May amid the political uproar that came in the wake of the Department of Justice's firings of U.S. Attorneys.
Patterson Belknap Webb & Tyler LLP has launched an interdisciplinary subprime mortgage group in its New York office spanning members of the firm's litigation, corporate financial, real estate, bankruptcy, securities and white collar crime practices.
Moody's Investors Service Inc. has filed court papers pointing to two June developments to bolster its bid to have Lloyds TSB Bank PLC's claims alleging that the company violated securities laws dismissed, in a case that falls under the umbrella of the multidistrict litigation related to National Century Financial Services Inc.'s 2002 collapse.
An appellate court on Friday overturned the dismissal of civil conspiracy claims against natural resources company Headwaters Inc., but upheld the dismissal of patent infringement claims.
A judge has extended an order that blocks former UnitedHealth Group Inc. CEO William McGuire from exercising his stock options until a special litigation committee can determine whether the company should file claims against the ousted executive.
A judge has found energy and mining company International Energy and Resources Inc. in contempt of court for allegedly failing to turn documents over to the U.S. Securities and Exchange Commission, while the company has said that it has complied with the SEC's requests.
An appeals court has marked the fifth anniversary of the Sarbanes-Oxley Act by dismissing a securities fraud case against brokers Dean Witter Reynolds Inc., ruling the class action could not be revived even by today's more generous statute of limitations.
The judge overseeing a securities class action against Parmalat SpA has ruled that the testimony of an Italian consultant will go ahead as scheduled this week, despite a letter from a Milan public prosecutor requesting otherwise.
The private equity firms that are angling for Dallas-based energy company TXU Corp. said Friday they will settle the slew of class action and derivative suits currently in federal and state courts—including the proposed class action shareholders filed on Thursday.
Silencing the objections of a shareholder who decried the bill, an appeals court has approved a $36.6 million fee sought by attorneys at Labaton Sucharow & Rudoff for its work in negotiating a settlement with drug maker Bristol-Myers Squibb.
A putative class of investors suing two firms for allegedly aiding InterBank Funding Corp.'s securities fraud will get a third chance to persuade a district court that they have successfully pled their case.
Deutsche Bank has removed a lawsuit against it from state to federal court, where it now faces allegations that it fooled investors into participating in illegal tax fraud while charging exorbitant fees.
ConAgra Foods Inc. has agreed to pay $4 million to settle a trio of class actions that accuse it of breaching its fiduciary duty by encouraging its retirees to imprudently invest in company stock as part of their 401(k) plans.
The Financial Industry Regulatory Authority, the new self-regulatory organization for U.S. securities brokers and dealers, opened for business Monday, promising to streamline oversight of public companies.
The buyout firm that once controlled Refco Inc. slammed Mayer Brown Rowe & Maw LLP with a suit Thursday that implicated the powerhouse law firm in helping Refco with the bad transactions and cover-ups that sent it into bankruptcy.
Plaintiffs suing the only WorldCom Inc. underwriter that has not resolved securities fraud allegations were handed a victory Wednesday, when an appeals court held that their claims were not barred by the statute of limitations.
A district judge has dismissed Bank of America Corp.'s breach of contract lawsuit against ABN Amro Holding NV over the sale of LaSalle Bank Corp. after a Dutch Supreme Court cleared issues regarding shareholder authority over the deal.