The Obama administration reportedly has thrown its weight behind a group of investors who are seeking to ward off Merck & Co.’s appeal of a decision that reinstated a securities class action alleging it concealed the health risks of its recalled painkiller Vioxx.
Sen. Barbara Boxer, D-Calif., on Monday released the text of the chairman's mark of cap-and-trade carbon emissions legislation now being considered in the Senate.
Sony Corp. has disclosed that it received a subpoena from the U.S. Department of Justice’s Antitrust Division seeking information about its optical disk drive business.
On2 Technologies Inc. announced Monday that it had agreed to settle all five shareholder class actions that were brought in connection with its proposed $106 million acquisition by Google Inc.
The U.S. has thrown up formal roadblocks to an attempt by Canada and Mexico to open an official World Trade Organization inquiry into the fairness of new U.S. country-of-origin labeling requirements for meat products.
A district court was right to order three current or former executives to give videotaped testimony to the Federal Trade Commission in its probe into whether pharmaceutical companies unlawfully delayed entry into the market of a generic version of the testosterone supplement AndroGel, a federal appeals court has ruled.
The U.S. Environmental Protection Agency has agreed to regulate emissions from electric utility steam-generating units, ending a suit brought by a dozen advocacy groups that claimed mercury and other toxins from the units pose a serious threat to public health.
Days after reportedly locking Republicans out of committee meetings to avoid being forced to subpoena lending records from Countrywide Financial, U.S. House of Representatives Oversight Committee chairman Ed Towns, D-N.Y., announced that the committee will issue a subpoena after all.
In the latest of a series of state settlements over Zyprexa, Eli Lilly & Co. has agreed to pay $45 million to South Carolina to resolve allegations it improperly marketed the antipsychotic drug for off-label uses.
U.S. antitrust authorities are reportedly close to filing a lawsuit against Intel Corp., following the European Union’s record-breaking fine against the microprocessor giant this year.
Novartis Pharmaceutical Corp. has lost the bellwether trial over its bone cancer drug Zometa, with a Montana jury awarding $3.2 million to a woman who accused the company of failing to adequately warn doctors of the drug's link to jaw deterioration.
The linked-in nature of today's jury pool is making it harder to shield jurors from external information about their case. But it could also give attorneys another arrow in their quiver when things haven't gone so well.
EU antitrust regulators have cleared Merck & Co.’s proposed $41.1 billion acquisition of Schering-Plough Corp., a move that will make it the second-largest prescription drug company in the world.
The U.S. House of Representatives has signed off on a bill laying the groundwork for a new national solar technology research, development and demonstration plan designed to tap private-sector resources and make solar power tools more affordable and commercially accessible for end users.
A $336 million settlement a class of consumers reached with credit card companies and banks accused of breaching federal and state antitrust laws by colluding to fix foreign currency fees has been granted approval by a federal judge, three years after the defendants put the money away in escrow to repay the plaintiffs.
IBM Corp. has fallen short in a federal appeals court in its ongoing quest to stop a former employee who allegedly violated a noncompete agreement and shared trade secrets with his new employer, rival Dell Inc.
Top executives at seven companies still receiving assistance from the U.S. government's $700 billion Troubled Asset Relief Program — including Bank of America Corp., General Motors Co. and American International Group Inc. — will see their pay slashed starting in November, the official charged with monitoring executive compensation at bailout companies said Thursday.
In a climate of layoffs, corporate firms should consider reducing attorneys' hours and salaries rather than cutting them entirely, according to a new report.
A Dutch court has again ordered bit torrent-tracking Web site the Pirate Bay to shut down its operations in the Netherlands, giving the three men who allegedly run the Web site three months to remove copyrighted torrents and block Dutch users' access to these links to prevent further copyright infringement.
Members of a key U.S. Senate committee on Thursday pledged swift, bipartisan action to enact legislation that would give the U.S. Food and Drug Administration new authority and resources to track, detect and halt contaminated food coming from domestic and foreign suppliers.