Federal prosecutors have revealed that Mark Kurland, co-founder of hedge fund New Castle Partners LLC, has waived an indictment in an insider trading case tied to Galleon Group founder Raj Rajaratnam, indicating Kurland may plead guilty to the charges.
Novartis AG announced Tuesday that it will pay a $185 million fine to resolve criminal allegations that the drugmaker engaged in off-label marketing and promotion of epilepsy drug Trileptal.
In a blow to Merck & Co. Inc., a federal judge upheld Teva Pharmaceutical Industries Ltd.'s claims Tuesday that the patent for brain tumor treatment Temodar is unenforceable due to prosecution laches and inequitable conduct.
The watchdog for the Troubled Asset Relief Program has launched a probe into disclosures related to American International Group Inc., amid criticism that the Federal Reserve Bank of New York's loans to AIG amounted to a "backdoor bailout" for its counterparties.
Twelve firms are home to three or more attorneys singled out by corporate counsel for exceptional client services, and Foley & Lardner LLP leads the pack with five attorneys honored.
The new age of merit-based pay will challenge associates to work strategically rather than just rack up billable hours, while forcing firm leadership to dedicate time and energy to evaluate attorneys as objectively as possible, industry experts say.
The U.S. International Trade Commission has determined preliminarily that chip maker Nvidia Corp. and 15 other companies infringe three patents held by Rambus Inc. for memory controllers related to graphics processors.
The U.S. Department of Justice and 17 state attorneys general have given the green light to the approximately $2.5 billion merger of Ticketmaster Entertainment Inc. and concert promoter Live Nation Inc., in a deal that calls for the divestiture of ticketing assets and licensing of ticketing software.
A group of investment funds has sued German carmaker Porsche AG and two of its former executives in an effort to recover over $1 billion the plaintiffs allege shareholders lost as a result of Porsche's ill-fated attempt to take over Volkswagen AG in 2008.
Westar Energy Inc. has agreed to settle a Clean Air Act lawsuit by spending about $500 million for pollution-control equipment at a coal-fired power plant in Kansas, paying a $3 million civil penalty and investing $6 million on environmental mitigation projects.
CBS Corp., Fox Entertainment Group Inc. and National Broadcasting Co. Inc. are among the major players that have agreed to fork over $70 million to settle allegations that television networks, Hollywood studios and talent agencies discriminated against older television writers.
Micron Technology Inc., Mitsubishi Electric Corp., NEC Electronics and several other defendants in the ongoing static random access memory multidistrict litigation have agreed to settle the direct purchasers' price-fixing claims against them for a combined $25 million.
Motorola Inc. filed a complaint on Friday with the U.S. International Trade Commission that accuses BlackBerry maker Research in Motion Ltd. of unfair trade practices for importing products into the U.S. that allegedly infringe on five of its patents.
France's competition authority has closed its probe into a deal granting France Telecom's Orange SA exclusive rights to sell Apple Inc.'s iPhone, now that the two companies have proposed commitments that would keep Apple from entering into any long-term exclusive deals for its smartphone for three years.
The U.S. government's growing focus on anti-competitive conduct by single actors has drawn attention to a long-standing conflict between two appellate courts on when bundled discounts are legal, but who will actually step in to resolve the issue remains to be seen, experts say.
Goldman Sachs Group Inc. has reduced the size of its bonus pool for 2009 to $16.2 billion, down from the $22 billion it announced late last year, after facing heavy criticism from lawmakers and the public as well as a pair of shareholder lawsuits.
The U.S. House of Representatives' Financial Services Committee took a closer look Friday at ways to rein in executive compensation at financial institutions, addressing critics' concerns that recent legislative proposals won't do enough to discourage massive bonuses and risk-taking on Wall Street.
As the world scrambles to come to Haiti's aid in the wake of Tuesday's devastating earthquake, law firms are stepping up in both traditional and novel ways. Over 80 firms responded to a Law360 query into what they are doing financially and otherwise to respond to the Haitian crisis.
In a groundbreaking opinion that sweeps away decades' worth of campaign finance restrictions, the U.S. Supreme Court found Thursday that there is no distinction between a corporation and an individual when it comes to protected political speech, paving the way for corporations and labor unions to spend freely on advertisements for political candidates.
The U.S. Environmental Protection Agency announced a new policy Thursday that the agency says will increase the public's access to information on potentially toxic chemicals.