Less than a month after Mario Gabelli agreed to pay $100 million to settle allegations of share manipulation, the famed money manager is in talks with the U.S. Department of Justice in order to resolve civil fraud claims in a separate case alleging the tycoon’s use of sham businesses in federal cell phone spectrum auctions.
Adelphia Communications Corp. can breathe a sigh of relief now that a judge has extended the deadline for creditor approval of its Chapter 11 reorganization plan, giving the company two more weeks to resolve a dispute between noteholders that is holding up the process.
In a rare defeat for federal regulators, a federal judge has tossed civil fraud charges against computer giant Gateway Inc.’s former chief executive officer.
Rambus Inc. has released recently unsealed e-mails exchanged between its competitors that purportedly bolster its arguments in the antitrust suit it filed in northern California. But defendants in the case say the e-mails are not a smoking gun.
Less than a month after Silicon Graphics Inc. asked a bankruptcy court to limit large trades of its equity, the high-performance computer maker has won final court approval to do so in a bid it hopes will help to protect certain tax benefits.
A small cable television channel has taken on broadcasting powerhouses Time Warner Inc. and Comcast Corp., hoping to block their impending acquisition of now-bankrupt Adelphia Communications Corp.
Microsoft Corp. might not need any help paying its legal bills, but it will get it anyway: a federal judge in Arizona has ordered Research Corporation Technologies to pay more than $8.6 million in legal fees that the software giant incurred after R.C.T. filed a patent lawsuit against Microsoft in 2001.
A financial analysts group has asked the U.S. Securities and Exchange Commission for changes as companies continue to face fallout from backdating stock options awarded to executives.
Chip maker Intel Corp. has seriously underestimated the power of U.S. antitrust law by moving to dismiss foreign commerce claims from the lawsuit against it, according to a court brief filed by rival and plaintiff Advanced Micro Devices Inc.
Expanding quicker than the size of your newest memory stick, the Securities and Exchange Commission’s probe into stock-option grants in the tech industry has picked up the scent of another company. Microchip equipment maker KLA-Tencor Corp. said on Tuesday that the SEC is launching an informal inquiry into the stock options given to its employees.
In an ongoing effort to address its plethora of intellectual property issues, the Chinese government recently passed a new regulation to ban uploading and downloading of Internet material without the permission of the copyright holder.
A U.S. House of Representatives committee has approved a measure that forces broadband companies to offer their competitors’ content at the same quality as their own.
A settlement may be in the works between Mosaid Technologies Inc. and Infineon Technologies AG for a patent infringement case in Texas. Ottowa-based Mosaid said that the Texas court is granting a 30-day delay of the previously scheduled hearing to allow parties to “focus on ongoing settlement discussions.”
The federal judge overseeing a class action securities suit against Global Crossing has granted preliminary approval to a settlement agreement that may bring the case to a close.
After collaborating for years on the development of certain software, Kellogg Bran & Root LLC has filed suit against its former industry partner DataScan Technologies Inc. over technology that each party claims belongs to them.
In a move sure to inspire cheers from many of the world’s largest technology companies, the U.S. Patent and Trademark Office has rejected the broadest claims of Forgent Networks Inc.’s controversial patent covering Joint Photographic Experts Group (JPEG) image technology.
Time Warner Inc., its America Online subsidiary, auditor Ernst & Young and other defendants have reached a $23 million settlement to resolve claims that they duped four Pennsylvania funds by releasing statements that inflated revenue and by using improper accounting at AOL.
Consumers that still prefer CRT flat-screen televisions to their thinner LCD cousins will have to look elsewhere, after a federal judge gave LG.Philips Displays USA the go to convert into Chapter 7 liquidation.
As part of its antitrust inquiry of the company, the Department of Justice sent target letters to some of Affiliated Computer Services Inc.’s current and former employees, the company said on Thursday.
Though Silicon Graphics Inc. only just filed for bankruptcy at the start of May, the graphics display maker has already run into some trouble. The trustee in the case is asking a federal judge to deny final approval of a requested $23 million debtor-in-possession loan.