A Wisconsin appeals court has affirmed a $203.8 million judgment in favor of S.C. Johnson & Son Inc. stemming from an alleged kickback scheme between S.C. Johnson employees and trucking companies that bilked the company of millions of dollars.
A jury has convicted fallen business magnate Thomas J. Petters of carrying out a $3.6 billion Ponzi scheme, and the founder of Petters Group Worldwide LLC now faces the possibility of spending the rest of his life behind bars.
The U.S. Environmental Protection Agency has proposed the withdrawal of a Bush administration rule that went into effect the day President Barack Obama was sworn into office exempting certain manufacturing byproducts used for fuel from hazardous waste regulations.
The federal judge overseeing the ongoing suit over the use of copyrighted works in Google Inc.'s online library has refused Amazon.com Inc.'s request to reconsider his preliminary approval of a revised settlement in the case, saying the court would address the nuanced issues during a fairness hearing in February.
Legislators have thrown their support behind the creation of a Federal Insurance Office that would have some authority to negotiate international insurance agreements and make recommendations regarding industry regulations.
Over-the-counter derivatives must be more heavily regulated to avoid a repeat of the current financial crisis, former U.S. Commodity Futures Trading Commission chair Brooksley Born told members of Congress in a hearing Wednesday.
U.S. Senate Judiciary Committee chairman Patrick Leahy, D-Vt., on Wednesday vowed to pass legislation reversing two recent Supreme Court rulings raising the civil pleading standard, saying the pair of narrow decisions are effectively closing citizens out of courthouses and undermining Congress.
The U.S. House of Representatives' Financial Services Committee on Wednesday approved a controversial bill giving federal authorities broad new powers to shrink and dismantle systemically significant companies, advancing a key piece of Democrats' financial regulatory reform package.
South Florida lawyer Scott W. Rothstein has pled not guilty to federal charges that he operated a $1.2 billion Ponzi scheme out of his firm Rothstein Rosenfeldt & Adler PA.
Twenty-one states, the District of Columbia and Puerto Rico have won a $25 million settlement from a group of vitamin makers that allegedly conspired to fix vitamin prices between 1988 and 2000.
A federal appeals court has nixed a bid by a group of foreign citizens to join multidistrict product liability litigation in the U.S. over Merck & Co.'s painkiller Vioxx, clearing the way for those cases to be heard in their respective foreign forums.
Law firms are likely to raise average billing rates by about 3.2 percent in 2010 despite pressure from clients to continue at past or discounted rates, a new survey reports.
The Swiss Competition Commission has fined Pfizer Inc., Eli Lilly & Co., and Bayer AG a total of 5.7 million francs ($5.71 million) for allegedly fixing the prices of erectile dysfunction medications.
Dubai's announcement that it will restructure state-owned investment company Dubai World could create more work and opportunities for certain law firms, while harming others, but no one expects international lawyers to begin fleeing the city-state en masse, according to experts based in the area.
Canada's highest court has handed Wal-Mart Canada Corp. a victory against former employees who claimed they were wrongly fired when the retail giant shuttered one of its Quebec locations, allegedly to put an end to the company's first union in North America.
The president of the European Commission has picked Spanish socialist Joaquin Almunia to be Europe's new top antitrust regulator, moving Almunia from his current position as head of Europe's economic and monetary affairs commission to the increasingly prestigious and powerful post of competition commissioner.
Effectively ending a messy four-year court battle, the U.S. Supreme Court decided Monday not to hear Ford Motor Co.'s last-ditch effort to overturn an $82.6 million ruling in favor of a woman who claimed that a vehicular defect rendered her a paraplegic.
The U.S. Court of Appeals for the Eighth Circuit has determined that generics manufacturers have a responsibility to provide adequate warnings on the labels of their drugs, in the first federal preemption case of this kind to be ruled on at the appellate level.
The U.S. Supreme Court has agreed to hear a case examining the question of whether anti-fraud provisions of U.S. securities laws should extend to transnational securities issues, breaking with the opinion of the solicitor general that the high court should skip the case.
Washington state's high court has reinstated an $8 million default judgment against Hyundai Motor Co., siding with a trial court that said the carmaker frustrated discovery in a case brought by a paraplegic claiming a Hyundai seat defect caused his injury.