Top News

  • November 12, 2009

    FTC Probe Persists Despite $1.25B Intel, AMD Deal

    The $1.25 billion truce between Intel Corp. and Advanced Micro Devices Inc. may have put an end to a long-running and bitter antitrust and intellectual property dispute between the rival computer chip makers, but it doesn't resolve ongoing regulatory scrutiny of Intel.

  • November 12, 2009

    Corporate Counsel Push Diversity Despite Downturn

    As economic concerns threaten to overshadow diversity initiatives in the U.S. legal community, some of the nation's largest corporations are continuing to make the issue a top priority for their outside law firms.

  • November 12, 2009

    2nd Circ. Upholds CIA Muzzle On Former Spy Wilson

    A federal appeals court has affirmed a lower court ruling that ex-spy Valerie Plame Wilson does not have the right to disclose classified information in her memoirs, even if that information has already been widely disseminated.

  • November 12, 2009

    Ex-Tyco Director Walsh Settles NJ Suit For $5.6M

    Frank Walsh Jr., one of three insiders accused of corporate looting at Tyco International Inc., has agreed to pay $5.6 million to settle a suit brought by the state of New Jersey.

  • November 12, 2009

    EU High Court Affirms €66M In Fines On Graphite Cartel

    The European Union's top court has upheld the more than €66 million ($98 million) in fines that the European Commission imposed on France's Le Carbone Lorraine SA and Germany's SGL Carbon AG in late 2003 for their alleged role in a graphite electrode cartel that spanned a decade.

  • November 11, 2009

    Endo To Pay $23M To Settle Patent Suit Over Patch

    Endo Pharmaceuticals Inc. announced Wednesday that it would pay patent-holding company LecTec Corp. $23 million to settle a suit that accused the drugmaker of infringing two patents related to adhesive patches.

  • November 11, 2009

    Hewlett-Packard To Buy 3Com For $2.7B

    Hewlett-Packard Co. has agreed to acquire networking and security services provider 3Com Corp. for $2.7 billion, in a move that will expand HP's business in China and integrate the technology giant's networking and security services, the companies announced Wednesday.

  • November 11, 2009

    EU Fines PVC Heat Stabilizer Cartel $259M

    The European Union's antitrust watchdog has slapped 24 companies that produce chemicals used to make polyvinyl chloride products more heat resistant with a collective €173.9 million ($259 million) in fines for alleged price-fixing in the market for tin and heat stabilizers.

  • November 11, 2009

    Antitrust Regulators Greenlight Avaya-Nortel Deal

    Telecommunications company Avaya Inc. said Wednesday that it had received antitrust approval from the Federal Trade Commission and the Canadian Competition Bureau for its proposed $915 million purchase of bankrupt Nortel Networks Corp.'s enterprise solutions business.

  • November 11, 2009

    Fewer Associates Promoted To Partner In Downturn

    The recession has prompted some large firms to be more conservative about promoting associates to partner in 2009, and that emerging trend may be one of the long-term impacts of the downturn, according to legal industry observers.

  • November 11, 2009

    Lilly To Pay Utah $24M Over Zyprexa Marketing

    Eli Lilly & Co. will pay Utah $24 million in the latest state settlement over the pharmaceutical giant's alleged off-label marketing of the antipsychotic Zyprexa, state officials said Wednesday.

  • November 10, 2009

    Dodd Draft Bill Proposes Bold Financial Overhaul

    Sen. Christopher Dodd, D-Conn., unveiled Tuesday his long-awaited take on financial regulatory reform, a comprehensive proposal that builds on parallel legislation in the U.S. House of Representatives while departing on key issues including bank and systemic risk regulation.

  • November 10, 2009

    Former Bear Stearns Execs Acquitted In Fraud Case

    A federal jury has found two former Bear Stearns Cos. Inc. hedge fund managers not guilty of defrauding investors in the failed funds, setting a daunting example for prosecutors in one of the earliest criminal cases stemming from the subprime mortgage meltdown.

  • November 10, 2009

    Madoff-Era Bail Disputes Rife With Plot Twists

    The Madoff scandal has heralded an era of unusual bail disputes, with prosecutors and defense attorneys pushing the boundaries of legal strategy and tough-minded judges drawing lines in some unexpected places.

  • November 10, 2009

    EU Deals Setback To $7.4B Oracle-Sun Merger

    The European Commission has issued a statement of objections to the $7.4 billion acquisition of Sun Microsystems Inc. by Oracle Corp. over persistent concerns about the merger's anti-competitive effect on the database technology market, drawing fire from Oracle and U.S. regulators.

  • November 10, 2009

    ITC Bans Import Of Samsung LCD Products

    The U.S. International Trade Commission has banned imports of Samsung Electronics Co. Ltd. liquid crystal display televisions, finding that they infringe valid patents held by rival Sharp Corp. and that a ban won't harm the U.S. economy.

  • November 9, 2009

    Bilski Argument Puts Spotlight On Business Methods

    The U.S. Supreme Court seems likely to affirm the rejection of a patent application filed by inventor Bernard Bilski, but it is grappling with exactly how to determine which business methods are patentable, according to lawyers who attended Monday's oral argument.

  • November 9, 2009

    High Court Asks For SG Views On 'Cat's Paw' Theory

    The U.S. Supreme Court has asked the solicitor general to weigh in on a case that examines the “cat's paw” theory of employment law, looking at whether an employer can be held liable for unlawful discrimination by an official other than the primary decision maker.

  • November 9, 2009

    Ex-SEC Lawyer Confesses To Taking Dreier Money

    A former U.S. Securities and Exchange Commission lawyer on Monday admitted that, in exchange for $100,000, he pretended to be a Canadian pension plan officer in a fictitious transaction plotted by now-jailed attorney Marc S. Dreier.

  • November 9, 2009

    Cadbury Rejects Kraft's 'Derisory' $16B Takeover Bid

    Kraft Foods Inc.'s buyout bid for Cadbury PLC turned ugly Monday when the U.S. food conglomerate made formal its previously rebuffed $16.3 billion takeover offer and the U.K. candymaker "emphatically rejected" it.