Onyx Pharmaceuticals Inc., a biopharmaceutical company specializing in cancer treatments, announced Monday that it had agreed to purchase Proteolix Inc. for an initial cash payment of $276 million.
Much has been made of the Obama administration's slow progress in filling the 21 currently vacant circuit court seats, but the empty posts only compound the problems of an already overextended federal appeals court system, litigators say.
Exxon Mobil Corp. said Friday it had appealed a $150 million judgment awarded to residents of Jacksonville, Md., after a jury found in March that the company was liable for an undetected gas leak at a service station that contaminated surrounding groundwater.
A trustee for bankrupt lender American Business Financial Services Inc., which funded its business by publicly selling notes, has reached settlements totaling $100 million with JPMorgan Chase & Co., Morgan Stanley and Credit Suisse Group AG over their alleged role in the failed company's demise.
A Chicago-area hedge fund manager has filed a guilty plea to one count of wire fraud related to his role in an alleged $2 billion Ponzi scheme.
A federal appeals court has affirmed a district court decision in favor of Ericsson LM Telephone Co., ruling that inaccurate statements made by executives about the telecommunications manufacturer's financial future were not a willful attempt to defraud investors as the plaintiffs in the consolidated class action had argued.
An en banc ruling in Textron Inc.'s battle with the Internal Revenue Service over access to the company's tax accrual work papers could present the U.S. Supreme Court with an opportunity to clarify the reach of the work product doctrine.
Cephalon Inc. has won dismissal of a putative class action brought by a group of municipal benefit funds over the pharmaceutical company's alleged efforts to market three drugs for uses that did not have regulatory approval.
The U.S. Securities and Exchange Commission is extensively reforming its programs to foster and enforce compliance with federal securities laws in the wake of its failure to detect Bernard L. Madoff's Ponzi scheme, the agency has said.
The fiercely contested rules proposed by the U.S. Patent and Trademark Office under the Bush administration that sought to impose new restrictions on patent applicants and became the subject of a drawn-out court battle in Tafas v. Doll have been rescinded, the USPTO said Thursday.
AT&T Corp.’s recent assault on Google Inc.’s phone service has aroused interest on Capitol Hill, with lawmakers urging the Federal Communications Commission to investigate whether Google Voice unfairly blocks calls to rural telephone exchanges in order to avoid expensive access charges.
The U.S. Department of Homeland Security has rescinded a controversial “no-match” rule that was intended to prevent the employment of illegal immigrants, but failed to take effect after becoming tied up in a court battle.
The U.S. asked the World Trade Organization Thursday to settle a trade dispute over the European Union's long-standing ban on imports of poultry cleansed with pathogen reduction treatments.
The U.S. Department of Justice has launched a probe to investigate claims that IBM Corp. has used its dominant position in the mainframe hardware and associated operating system market to leverage out would-be competitors, according to an industry trade association.
U.K. competition authorities have issued a preliminary ruling opposing the proposed $2.5 billion merger of Ticketmaster Entertainment Inc. and concert promoter Live Nation Inc., saying the deal has the potential to curb competition in the market for live music ticketing.
A New York Supreme Court judge has bounced a second suit filed by former CBS anchor Dan Rather over his controversial firing on the heels of an appellate court tossing out his original $70 million breach of contract claim.
Google Inc. reportedly has until Nov. 9 to rework its proposed $125 million royalty settlement with authors and publishers relating to its Google Books service after a judge hinted Wednesday that the current settlement would not be approved in its current form.
The court overseeing Washington Mutual Inc.'s suit against the Federal Deposit Insurance Corp. over the $1.9 billion sale of WMI's banking operations to JPMorgan Chase & Co. has allowed JPMorgan to intervene as a defendant in the case, rejecting the argument that the automatic stay from WMI's bankruptcy case barred JPMorgan from getting involved in the suit.
A Florida appeals court has turned down billionaire Ronald Perelman's bid to retry a $1.6 billion case against Morgan Stanley & Co. Inc. over the sale of camping supply manufacturer Coleman Co.
The U.S. Securities and Exchange Commission will appeal a district court's dismissal of an insider trading suit against billionaire Dallas Mavericks owner Mark Cuban, the agency told a court Wednesday.