Top News

  • January 26, 2010

    New Castle Exec Waives Indictment In Galleon Case

    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.

  • January 26, 2010

    Novartis Reaches $185M Deal Over Off-Label Claims

    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.

  • January 26, 2010

    Teva Triumphs Over Merck In Temodar Patent Spat

    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.

  • January 26, 2010

    TARP Inspector General Reveals AIG Bailout Probe

    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.

  • January 26, 2010

    Foley Dominates Corporate Counsel All-Star List

    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.

  • January 25, 2010

    Life Post-Lockstep: Moving To Merit Pay Without A Map

    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.

  • January 25, 2010

    ITC Rules Nvidia Infringes 3 Valid Rambus DRAM Patents

    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.

  • January 25, 2010

    DOJ, State AGs OK $2.5B Ticketmaster-Live Nation Deal

    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.

  • January 25, 2010

    Porsche Hit With $1B Suit Over VW Takeover Bid

    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.

  • January 25, 2010

    Westar To Fork Over $500M In Air Pollution Case

    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.

  • January 25, 2010

    TV Writers Snare $70M Age Bias Settlement

    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.

  • January 22, 2010

    SRAM Direct Purchasers Reach $25M In Settlements

    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.

  • January 22, 2010

    Motorola Hits RIM With ITC Complaint Over Devices

    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.

  • January 22, 2010

    Apple, Orange IPhone Proposals Prove Fruitful In France

    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.

  • January 22, 2010

    Answers To Bundled Discounts Issue Elusive

    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.

  • January 22, 2010

    Following Outcry, Goldman Sachs Cuts Bonuses By $6B

    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.

  • January 22, 2010

    House Panel Weighs Broader Curbs On Exec Pay

    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.

  • January 15, 2010

    Law Firms Open Their Wallets For Haiti

    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.

  • January 21, 2010

    High Court Frees Cos., Unions To Fund Attack Ads

    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.

  • January 21, 2010

    EPA Limits Confidentiality In Toxic Chemical Reports

    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.