Sens. Jeanne Shaheen, D-N.H., and David Vitter, R-La., have introduced legislation intended to keep brand-name pharmaceutical makers from delaying competitors' attempts to roll out generic alternatives by giving generics makers an expedited approval path for labeling changes.
A federal judge has ruled that Verizon Wireless does not need a public performance license for the songs it provides as ring tones to customers, granting the cell phone service provider summary judgment in its copyright dispute with the American Society of Composers, Authors and Performers.
Charles Schwab Corp. is facing a possible enforcement action by the U.S. Securities and Exchange Commission over two mutual funds that invested heavily in mortgage-backed securities.
A federal judge has approved Bank of America NA's agreement to waive attorney-client privilege in the U.S. Securities and Exchange Commission's suit over alleged misrepresentations the bank made in its acquisition of Merrill Lynch & Co. Inc., exposing individual executives and law firms involved in the deal to scrutiny over executive bonuses.
The U.S. House of Representatives' Financial Services Committee voted Thursday to approve a landmark bill designed to introduce new regulation and transparency to the over-the-counter derivatives market, a key provision of the Obama administration's financial reform agenda.
Two investors burned by Bernard Madoff's Ponzi scheme have filed suit against the U.S. Securities and Exchange Commission for failing to catch the disgraced financier earlier.
Democratic and Republican members of the U.S. House of Representatives Financial Services Committee lined up along party lines on Wednesday to debate proposed derivatives and consumer financial oversight bills, as the panel nears crucial votes on two pieces of a regulatory reform package.
The U.S. Securities and Exchange Commission has asked a federal appeals court to continue barring the receiver in charge of the distribution of billionaire Robert Allen Stanford's estate from pursuing funds investors received as part of an alleged $7 billion Ponzi scheme, arguing that it is “inequitable and improper” for him to maintain the claims.
Pfizer Inc.'s $68 billion acquisition of Wyeth Inc. will close Thursday after receiving clearance from the Federal Trade Commission.
The U.S. Department of Justice's top antitrust official on Wednesday told legislators considering a bill to end antitrust exemptions for health and medical malpractice insurers that the agency supports efforts to repeal such protections, though she refused to take a position on how or when Congress should do so.
The U.S. Supreme Court has agreed to hear former Enron Corp. CEO Jeffrey Skilling's appeal of his convictions stemming from the massive fraud that led to the energy giant's collapse.
If plaintiffs in the Refco securities litigation succeed in appealing the dismissal of Mayer Brown LLP and one of its lawyers from the case, securities lawyers arguing before the U.S. Court of Appeals for the Second Circuit may find themselves liable for statements they wrote anonymously.
Bank of America Corp. has agreed to waive attorney-client privilege in the U.S. Securities and Exchange Commission's case over alleged misrepresentations in the bank's acquisition of Merrill Lynch & Co. Inc., potentially exposing individual executives and law firms involved in the deal to the agency's scrutiny.
The U.S. Senate Finance Committee has voted 14-9 to approve the controversial bill that seeks to overhaul the U.S. health care system, shipping the matter off to the full Senate floor.
The U.S. Supreme Court has agreed to weigh in on a case concerning whether a state court lawsuit over a federal employee's health care benefits is preempted by federal law.
Cisco Systems Inc. continued its October buying spree Tuesday, adding mobile Internet network infrastructure company Starent Networks Corp. in an all-cash deal estimated to total $2.9 billion.
A federal judge has scrapped at least eight lead plaintiffs in a 30-year-old multidistrict litigation against Dow Chemical Co., Monsanto Co., Uniroyal Inc. and a host of other companies named in a lawsuit over leaky barrels of the Vietnam War-era herbicide Agent Orange.
Dental products maker Dentsply International Inc. said Monday that it would pursue all available options to challenge the $44 million verdict it was hit with Friday in a case brought by Guidance Endodontics LLC, which accused Dentsply and a subsidiary of reneging on a contract to supply Guidance with endodontic products in a bid to eliminate it as a competitor.
The Chicago Cubs have filed for bankruptcy in a move to protect the storied baseball franchise from claims against it as its ownership transfers from the bankrupt Tribune Co. to Ricketts Acquisition LLC.
Former Genentech CEO Dr. Arthur Levinson has stepped down as a director of Google Inc. amid the Federal Trade Commission's investigation of overlap between the boards of the Internet giant and Apple Inc.