Top News

  • October 26, 2009

    Obama Administration Backs Revival Of Vioxx Case

    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.

  • October 26, 2009

    Senate Unveils Cap-And-Trade Emissions Bill

    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.

  • October 26, 2009

    DOJ Probes Sony's Optical Disk Drive Biz

    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.

  • October 26, 2009

    On2 Settles Class Actions Over Its Sale To Google

    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.

  • October 26, 2009

    US Blocks WTO Panel Over Country-Of-Origin Labeling

    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.

  • October 23, 2009

    Video Testimony Proper In AndroGel Probe: DC Circ.

    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.

  • October 23, 2009

    EPA To Issue New Power Plant Rules By Nov. 2011

    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.

  • October 23, 2009

    Ranking Dem. Announces Bank Probe, Denies Reports

    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.

  • October 23, 2009

    Eli Lilly To Pay $45M To SC In Zyprexa Off-Label Deal

    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.

  • October 23, 2009

    FTC Gunning For Intel: Report

    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.

  • October 23, 2009

    Novartis Loses First Zometa Trial, Must Pay $3.2M

    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.

  • October 23, 2009

    Tweets Let Attorneys Know When Jurors Misbehave

    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.

  • October 23, 2009

    EU Blesses Merck's $41B Schering-Plough Deal

    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.

  • October 23, 2009

    House Greenlights New R&D Roadmap For Solar Power

    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.

  • October 22, 2009

    Judge OKs $336M Settlement Over Credit Card Fees

    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.

  • October 22, 2009

    2nd Circ. Rejects IBM Appeal In Noncompete Case

    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.

  • October 22, 2009

    Feinberg Takes Ax To Exec Pay At Bailed-Out Firms

    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.

  • October 22, 2009

    Report Urges Firms To Cut Hours, Pay Instead Of Jobs

    In a climate of layoffs, corporate firms should consider reducing attorneys' hours and salaries rather than cutting them entirely, according to a new report.

  • October 22, 2009

    Pirate Bay Again Told To Shut Down Copyrighted Links

    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.

  • October 22, 2009

    Senators Begin Overhaul Of US Food Safety System

    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.