Top News

  • September 1, 2009

    Madoff Trustee Says Clawbacks May Target Charities

    The liquidator in charge of recouping all the ill-gotten gains connected to Bernard L. Madoff Investment Securities LLC is not ruling any organization out from his clawback actions, leaving even charities well within his grasp.

  • September 1, 2009

    Judge Slams Complaint Over Walgreens Drug Rate

    A federal judge has dismissed without prejudice claims against Walgreen Co. that accused the retail pharmacy chain of scheming to overcharge third-party payors when it dispensed three generic drugs.

  • September 1, 2009

    Insurance Chief Wants Bill To Nix $95M Katrina Fine

    Louisiana's insurance commissioner will reportedly support legislation this spring to grant the Louisiana Citizens Property Insurance Corp. retroactive immunity from a $95 million judgment pending against it for allegedly failing to conduct timely damage assessments in the wake of Hurricane Katrina.

  • August 31, 2009

    Calif. Ruling Spotlights Risks Of Secret Cameras

    Although California’s highest court recently found in favor of an employer that faced privacy invasion claims by two female workers after it installed a hidden camera, companies should proceed with extreme caution before using surveillance measures, lawyers said.

  • August 31, 2009

    AIG, Former Brass To Enter Arbitration Pact

    American International Group Inc. has agreed to patch things up with its former CEO Maurice “Hank” Greenberg and former Chief Financial Officer Howard Smith, opting to enter binding arbitration to resolve numerous claims against the duo.

  • August 31, 2009

    RJ Reynolds, Others Sue US Over Free Speech

    A group of tobacco companies that includes R.J. Reynolds Tobacco Co. has sued the U.S. government, claiming the Family Smoking Prevention and Tobacco Control Act restricts the companies' First Amendment rights to communicate with consumers about their products.

  • August 31, 2009

    Brazil Can Sanction US Over Cotton Subsidies: WTO

    The World Trade Organization has ruled that Brazil can impose almost $295 million in trade sanctions against the U.S. in a dispute over the U.S.' allegedly illegal subsidies for its cotton farmers.

  • August 31, 2009

    SEC Watchdog Finds Flaws In Rating Agency Audit

    The U.S. Securities and Exchange Commission has moved too slowly to tighten regulation of credit rating agencies, and, as a result, has allowed some questionable agencies and practices to go unchecked, according to a new report from the regulator's inspector general.

  • August 31, 2009

    Reid Says EFCA Resolution Unlikely This Year

    The Employee Free Choice Act will not likely make it up for full consideration before the U.S. Senate this fall, according to Majority Leader Harry Reid, D-Nev., signaling a shift in political momentum that could permanently sideline the hotly debated labor bill.

  • August 28, 2009

    GINA Could Pose Challenges For Wellness Programs

    Lawyers say Title II of the Genetic Information Nondiscrimination Act, which takes effect in November, probably won't cause an immediate surge in lawsuits. But it will pose compliance challenges for businesses, and some worry that it could threaten employers' efforts to curb health care costs through workplace wellness plans.

  • August 28, 2009

    Guaranty Financial Group Files Ch. 11

    Guaranty Financial Group Inc. has filed for Chapter 11, just days after regulators forced it to sell most of its assets to a European bank.

  • August 28, 2009

    Derivative Suit Against Cephalon Board, CEO Tossed

    A federal judge has dismissed a shareholder derivative suit against biopharmaceutical company Cephalon Inc.'s board and CEO, accusing them of failing to properly oversee the company's sales and promotions practices with respect to the drugs Provigil, Actiq and Gabitril.

  • August 28, 2009

    DC Circ. Strikes Down Cable Market-Share Cap

    The U.S. Court of Appeals for the District of Columbia Circuit on Friday scrapped the Federal Communications Commission's subscriber-share limit for cable providers, handing cable challengers led by Comcast Corp. a hard-fought victory in a 16-year effort to scrap the ownership cap.

  • August 28, 2009

    Judge Keeps Neurontin Case Against Pfizer Intact

    A federal judge has cleared the way for the multidistrict litigation alleging Pfizer Inc. and its Warner-Lambert Co. subsidiary engaged in a scheme to use patent litigation to delay generic competition for the epilepsy drug Neurontin to move forward.

  • August 28, 2009

    Del. High Court Keeps Insurer's Intel Suit Alive

    Delaware's highest court has backed a lower court's decision not to dismiss a case brought by American Guarantee and Liability Insurance Co. against Intel Corp. over whether the insurer should be responsible for defending the microprocessor giant in ongoing antitrust litigation.

  • August 27, 2009

    Akin Gump Settles $72M Patent Malpractice Suit

    Akin Gump Strauss Hauer & Feld LLP has decided to halt post-verdict squabbles over a $72.6 million legal malpractice award to a former client, reaching a confidential final settlement with plaintiffs Air Measurement Technologies Inc. and North-South Corp.

  • August 27, 2009

    Stanford Rushed To Hospital As Ex-CFO Admits Plot

    Former Stanford International Bank Ltd. Chief Financial Officer James M. Davis copped a guilty plea Thursday to his role in an $8 billion Ponzi scheme, just hours after the plot's alleged mastermind, Texas billionaire Robert Allen Stanford, was rushed to an area hospital with a high pulse rate.

  • August 27, 2009

    Judge Upholds E-Verify Rule For Fed. Contractors

    A judge has shot down a suit by the U.S. Chamber of Commerce challenging a Bush-era executive order that mandates the use of the controversial E-Verify system for federal contractors, paving the way for the regulation to take effect as planned on Sept. 8.

  • August 27, 2009

    Italy Launches Antitrust Probe Of Google News

    In response to concerns from a trade organization representing Italy's newspaper and magazine publishers, the Italian Competition Authority has decided to investigate whether Google Inc. puts unfair competitive constraints on digital publishers that opt out of its Italian news aggregation service.

  • August 27, 2009

    Motorola Stockholders Win Cert. In 3G Phone Suit

    A federal judge has granted class certification to a group of individual and institutional stock purchasers who blamed Motorola Inc. for financial losses they allegedly suffered when the company failed to ship its “third generation” cell phones to stores for the 2006 holiday shopping season.