A purported securities class action on behalf of investors who allegedly lost millions of dollars in an ATM terminal-investment scheme has failed to pass muster with a federal judge in Florida.
Texas-based poultry giant Pilgrim's Pride Corp. is facing a purported securities fraud class action accusing it of misleading investors about the company's financial well-being while in fact it was struggling due to record-high feed costs, which the company pegged on the federal government's “deeply flawed ethanol policy.”
A Texas jury has awarded Ariba Inc. $4.9 million after finding that Emptoris Inc. infringed two of the company's patents for electronic auction technology.
Law firms are cutting staff all over the world, particularly in large financial centers such as New York and London, but many are still looking to open new offices and ramp up certain practice areas, according to legal consultants and attorneys.
While most patent holders are still able to secure a permanent injunction in an infringement case following the U.S. Supreme Court’s ruling in eBay Inc. v. MercExchange LLC, federal courts are no longer granting injunctions to just anybody.
A judge has found that one of the patents asserted by chip maker Agere Systems Inc. in a suit against Sony Corp. was anticipated by an earlier patent and is invalid.
Patent holder Acceleron LLC has sued a slew of computer makers, including IBM Corp. and Hewlett-Packard Co., accusing them of selling products that infringe a patent that lets computer blade servers operate with little or no downtime.
Female human resources executives at Dell Inc. filed a $500 million sex discrimination suit against the computer manufacturer on Wednesday, alleging that the company systematically discriminated against women in pay and promotion policies and targeted women in recent layoffs.
ADT Security Services Inc., a division of Tyco International Ltd., has been hit with a purported Fair Labor Standards Act collective action by technicians who allege that they were not paid for all hours worked and that they worked longer than 40 hours per week without compensation.
A federal jury has handed Pioneer Corp. a $59.4 million award for damages in its plasma TV patent infringement suit against Samsung SDI Co. Ltd. and two affiliates.
Saying Yahoo Inc. has tried to obscure facts on the deal rather than clarify them, a leading Republican lawmaker has asked the U.S. Department of Justice to take a close look at the potential antitrust issues of a proposed advertising partnership between Yahoo and Google Inc.
Mosaid Technologies Inc. and Powerchip Semiconductor Corp. have entered into a licensing deal that resolves their patent litigation over memory chip technology.
Hexion Specialty Chemicals Inc., a unit of private equity firm Apollo Management LP, said Wednesday that it had sued affiliates of Credit Suisse Group AG and Deutsche Bank AG in an attempt to force the banks to fund its proposed $6.5 billion acquisition of Huntsman Corp.
Attorneys representing a group of Nigerians in their case against Chevron Corp. told a San Francisco federal jury on Tuesday that the oil giant had collaborated with Nigeria's “notoriously brutal and vicious” military in a fatal standoff over jobs on a barge, while Chevron's counsel said the company had “a right and a duty” to call on police forces to protect its workers against the protesters.
A federal magistrate judge in charge of discovery in the multidistrict litigation over Eli Lilly & Co.'s Zyprexa has ordered Connecticut's attorney general to hand over the medical records of hundreds of state Medicaid patients in the ongoing battle over the marketing of the anti-psychotic drug.
A federal appeals court has rejected a bid from Oklahoma water officials to toss a lawsuit challenging the constitutionality of state laws banning out-of-state water transfers.
Two inventors have followed a recent fusillade of infringement actions with a suit against Logisys Computer Inc., claiming the company and a Chinese manufacturer make products that violate a pair of patents related to illuminated keyboards.
Plans to close Hexion Specialty Chemicals Inc.'s $6.5 billion acquisition of Huntsman Corp. on Tuesday morning were scrapped after affiliates of Credit Suisse Group AG and Deutsche Bank AG refused to fund the transaction over concerns that the merged entity would be insolvent.
A federal judge has denied two bids by KB Home to overturn a jury verdict in favor of rival homebuilder Antares Homes Ltd. in a four-year-old infringement suit over copyrights for several architectural floor plans.
San Antonio-based CPS Energy is seeking to stomp out a subpoena that would require it, a nonparty in the case, to disclose trade secrets to Avaya Inc. as part of that company's protracted suit over an alleged monopoly in the telephone maintenance industry.