Microsoft Corp stepped up its legal battle with Motorola Inc on Tuesday, as the software company accused the phone maker of charging excessive royalties on network technology used in Microsoft’s Xbox game system. Get the full story »
Filed under: Litigation
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Nov. 9, 2010 at 3:59 p.m.
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Filed under: Computers, Litigation, Software, Technology, Wireless Microsoft sues Motorola over Xbox patent issue
JPMorgan faces foreclosure fraud suits
JPMorgan Chase & Co. faces two possible class action lawsuits alleging common law fraud and misrepresentation, as well as violations of state consumer fraud statutes, the U.S. bank said in a regulatory filing Tuesday.
In September, JPMorgan temporarily halted home seizures after finding glitches in foreclosure documents. Last week, it said it planned to start refiling the foreclosure documents within weeks.
Nov. 8, 2010 at 12:11 p.m.
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Filed under: International, Investigations, Litigation, Technology, Updated Oracle’s Ellison accuses SAP of $4 billion theft
Larry Ellison, Oracle Corp’s outspoken chief, charged that German arch-rival SAP AG stole billions of dollars of his company’s copyrighted software.
Ellison made the allegation as the the star witness in the U.S. software maker’s software-theft lawsuit, which is captivating Silicon Valley. Get the full story »
Walgreen Co. sues Wegmans in logo dispute
Walgreen Co. is suing the Wegmans supermarket chain, claiming the New York-based grocery’s logo is too similar to its own. Get the full story »
Nov. 2, 2010 at 2:09 p.m.
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Filed under: Criminal charges, Government, Investing, Litigation, Pharmaceuticals, Stock activity Doctor charged with insider trading on drug info
U.S. investigators filed criminal and civil fraud charges against a French doctor they say leaked negative inside information about a Human Genome Sciences Inc. hepatitis drug trial, enabling six hedge funds to avoid $30 million of losses.
Yves Benhamou was accused by the Department of Justice and Securities and Exchange Commission of tipping a portfolio manager about Human Genome’s experimental hepatitis C treatment Albuferon in late 2007 and early 2008. Get the full story »
Advocates for the blind sue United over kiosks
USA Today | The National Federation of the Blind has sued United Airlines, charging that its ticketing kiosks are not accessible to blind passengers.
FDIC sues failed Ill. bank’s execs over losses
The FDIC sued 11 former executives and directors at a failed Illinois bank on Monday, part of the regulator’s efforts to recover more than $1 billion of losses in its deposit insurance fund.
The lawsuit accuses former officials at Heritage Community Bank of negligence, gross negligence and breach of fiduciary duty.
The Federal Deposit Insurance Corp is planning to sue more than 50 officers and directors of failed banks to help replenish its deposit insurance fund, a spokesman for the regulator said. Get the full story »
With ‘honest services’ out, Skilling seeks new trial
The former CEO of disgraced energy giant Enron asked a federal appeals court Monday to grant him a new trial based on a Supreme Court ruling his attorney said puts his conviction for conspiracy and securities fraud in question.
Daniel Petrocelli, attorney for Jeffrey Skilling, presented his argument to a three-judge panel scheduled by the New Orleans-based 5th U.S. Circuit Court of appeals. The U.S. Supreme Court’s ruling in June that an anti-fraud law was improperly used to help convict Skilling in 2006 for his role in Enron’s calamitous downfall demanded a new trial, Petrocelli said. The jury received bad instructions, he said, that could have tainted their decision. Get the full story »
Apple sues Motorola over smartphone software
Apple Inc. sued Motorola Inc., alleging that the company’s smartphone lineup and the operating software it uses infringe on the iPhone-maker’s intellectual property.
The two lawsuits came after Motorola sued Apple in October for patent infringement and were the latest skirmish in a long-running series of disputes in the fiercely competitive smartphone industry. Get the full story »
Oct. 29, 2010 at 6:53 p.m.
Filed under: Bankruptcy, Investing, Litigation, Media, Newspapers, Radio, TV Hedge funds sue lenders in Tribune Co. LBO
A group of hedge funds sued the four banks that funded Tribune Co.’s 2007 leveraged buyout, alleging that the lenders knowingly rendered the company insolvent and precipitated its 2008 bankruptcy.
The suit, filed on Friday in New York state court, charges JPMorgan Chase, Merrill Lynch Capital Corp., Citicorp North America Inc. and Bank of America with breach of contract, breach of good faith and negligence. It asks the court to set damages. Get the full story »
Suit: Toyota buried sudden acceleration evidence
Toyota Motor Corp. bought back cars from drivers who reported sudden acceleration defects, but the company didn’t tell federal regulators about it, according to court documents filed in litigation against the automaker.
Plaintiffs’ lawyers contend the Japanese company compelled the owners to sign confidentiality agreements that prevented them from speaking publicly about the issues they encountered. Get the full story »
Potash files amended complaint in suit vs BHP
Potash Corp. on Tuesday filed an amended complaint in its lawsuit against unsolicited suitor BHP Billiton, offering fresh details from the court’s ongoing discovery process in the case. Get the full story »
Glaxo to pay $750M in Paxil settlement
Federal prosecutors in Massachusetts say British drug maker GlaxoSmithKline PLC will pay $750 million to settle allegations that its subsidiary manufactured and sold adulterated drugs, including the popular antidepressant Paxil.
U.S. Atty. Carmen Ortiz on Tuesday announced that GlaxoSmithKline has agreed to settle civil and criminal charges related to the subsidiary in Puerto Rico. Get the full story »
Hell’s Angels sue Saks, Alexander McQueen
Bloomberg News | The Hell’s Angels have sued Alexander McQueen and Saks, charging trademark infringement over use of the club’s death-head mark on fashion accessories.
$103M verdict against Chicago’s Baker & McKenzie
A $103 million verdict was handed down Friday in Jones County, Miss., against Chicago-based Baker & McKenzie and one of its attorneys.
Joel Held, a Baker & McKenzie attorney based in Dallas, represented both sides of business relationship that turned sour for one client while the other benefited, according to court documents.
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