Top News

  • February 18, 2010

    $311M EU, US Zeroing Fight Bound For WTO Arbitration

    The federal government has objected to the European Union's bid to impose at least $311 million in tariffs against the U.S. over its use of zeroing in calculating anti-dumping duties, sending the dispute to arbitration before the World Trade Organization.

  • February 18, 2010

    BofA Fraud Claims Canned In $300M Parmalat Deal

    A federal judge has dismissed fraud and other claims leveled against Bank of America Corp. by two special purpose entities created specifically for a failed $300 million purchase of stock in Parmalat SpA's Brazilian unit.

  • February 18, 2010

    Microsoft-Yahoo Deal Cleared By US, EU Officials

    Microsoft Corp. and Yahoo Inc. have received the green light from U.S. and European antitrust officials to move forward with their search advertisement partnership, which is intended to take on search engine ad leader Google Inc.

  • February 18, 2010

    GSK Recalls Zinc Denture Cream Products Amid MDL

    GlaxoSmithKline PLC has decided to voluntarily pull its zinc-containing lines of Poligrip denture cream from the market and stop all advertising and manufacture of the creams, as suits pile up in the multidistrict litigation over neurological problems from excessive zinc levels caused by denture products.

  • February 18, 2010

    Cuomo Suit Targeting Madoff Cohort Merkin Lives On

    Ezra Merkin has lost a bid to dismiss New York Attorney General Andrew Cuomo's lawsuit alleging his investment company Gabriel Capital Corp. funneled funds into pal Bernard Madoff’s Ponzi scheme.

  • February 17, 2010

    Roche Hit With $25M Accutane Verdict

    A New Jersey state court jury has smacked drugmaker Hoffmann-La Roche Inc. with a $25.2 million dollar verdict in a case brought by a man who claimed the acne drug Accutane was responsible for the inflammatory bowel disease that led to the loss of his colon.

  • February 17, 2010

    Japan Airlines Wins Ch. 15 Protection

    Japan Airlines Corp. received a U.S. bankruptcy court's blessing Wednesday to enter Chapter 15, which will protect the company's American assets and limit its exposure to U.S. litigation as it undergoes restructuring efforts in its home country.

  • February 17, 2010

    Ex-BofA GC Let Go To Keep Moynihan: SEC

    The former Bank of America Corp. general counsel who was terminated five days after shareholders approved the company's merger with Merrill Lynch & Co. Inc. was let go not because of his job performance but to stop Brian Moynihan — then the head of global corporate and investment banking and now the company's CEO — from leaving, the U.S. Securities and Exchange Commission claims.

  • February 17, 2010

    Toyota's Troubles Deepen With Possible Corolla Recall

    Toyota Motor Corp. is reportedly reviewing complaints of power steering problems with its popular Corolla model to determine whether a recall is necessary, just weeks after recalling more than 2.3 million cars in the U.S. because of unintended acceleration.

  • February 17, 2010

    UPS Settles Drivers' FLSA Suit For $12.8M

    A unit of United Parcel Service Inc. has agreed to fork out $12.8 million to settle a wage-and-hour class action launched by a group of the company's drivers.

  • February 16, 2010

    Google Books Deal Set For Heated Fairness Hearing

    The federal courthouse in Manhattan is slated to be the scene of a showdown Thursday over a proposed settlement that would allow Google Inc. to create a massive digital library — a deal that has raised significant antitrust and intellectual property concerns.

  • February 16, 2010

    Horny Goat Weed Deflates Pfizer's Viagra Patent

    A panel of judges at the U.S. Patent and Trademark Office has affirmed the rejection of one claim of Pfizer Inc.'s Viagra patent, saying it was anticipated by oral administration of the Chinese herb yin yang huo, otherwise known as horny goat weed.

  • February 16, 2010

    2nd Kazakh Bank Seeks Bankruptcy Shelter In US

    JSC Alliance Bank, Kazakhstan's sixth-largest bank, has filed for bankruptcy protection in the United States, listing more than $1 billion in estimated liabilities and making it the second major Kazakh financial institution to seek Chapter 15 protection this month.

  • February 16, 2010

    Lilly Settles Ark.'s Zyprexa Marketing Suit For $18.5M

    Arkansas has struck an $18.5 million settlement in its suit against Eli Lilly & Co. over the alleged off-label promotion of schizophrenia drug Zyprexa, the state's attorney general announced Tuesday.

  • February 16, 2010

    DOT OKs Oneworld Antitrust Immunity With Conditions

    The U.S. Department of Transportation has tentatively granted antitrust immunity for the Oneworld Alliance and proposed allowing British Airways PLC, American Airlines Inc. and Iberia LAE SA to jointly manage some routes between the U.S. and Europe as long as the carriers give up some slots at London's Heathrow Airport.

  • February 16, 2010

    Lehman Europe Takes German Unit To Court For $1B

    The European unit of Lehman Brothers Holdings Inc. has sued its German affiliate in a Frankfurt court to recover $1 billion in client funds it claims it deposited with Lehman Brothers Bankhaus AG before it became insolvent.

  • February 16, 2010

    SEC Receiver Sues ABN For Nadel Ponzi Transfers

    The U.S. Securities and Exchange Commission-appointed receiver for the hedge funds of a father-and-son management team that allegedly let Ponzi schemer Arthur G. Nadel run its businesses has sued ABN Amro Bank NV in an attempt to recover more than $500,000 in what the receiver said were fraudulent transfers.

  • February 12, 2010

    Discover To Pay Morgan Stanley $775M To End Suit

    Discover Financial Services has agreed to pay $775 million to former parent company Morgan Stanley to end a dispute over the payout from an antitrust suit that the credit card issuer filed against rivals in 2004.

  • February 12, 2010

    5 Rules Of Engagement When Facing Opposing Counsel

    In the world of high-stakes litigation, tempers can run high and reasonableness can fly out the window. But while it's important to be a zealous advocate for your client, it also serves to keep your head when dealing with opposing counsel and remember these five rules of engagement.

  • February 12, 2010

    Fund's Trasylol Marketing Suit Against Bayer Nixed

    A federal judge has thrown out a proposed class action against Bayer Corp. over alleged fraud in the marketing of the lucrative blood-clotting drug Trasylol, though he has given the plaintiff, a Tennessee benefits fund, a chance to replead part of the suit.