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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
A federal judge has rejected bankrupt Tribune Media Services Inc.'s bid to dismiss Warren Beatty's lawsuit over ownership of the movie and television rights to detective character Dick Tracy, but refused the actor's request for sanctions against the media company.