Dec 23, 2016 By: Nicole Banas
First NBC Bank Holding Co.’s directors are personally liable for “disastrous mismanagement” that requires the company to restate five years’ worth of financial reports, according to a shareholder derivative lawsuit filed in New Orleans federal court.
Dec 21, 2016 By: Jason Schossler
A Wal-Mart employee is seeking preliminary approval of a proposed $7.5 million settlement in a class-action lawsuit alleging the retail giant unlawfully
Dec 21, 2016 By: Patrick Hughes
The U.S. Supreme Court has agreed to hear an appeal over where Kraft Foods can sue TC Heartland for patent infringement, and some attorneys observing the case say it could result in fewer patent litigants heading to Texas.
Dec 16, 2016 By: Jason Schossler
The Federal Trade Commission has approved a final order resolving charges that Warner Bros. Home Entertainment deceived consumers by failing to adequately
Dec 16, 2016 By: Nicole Schneider
Any complaint filed under the False Claims Act must remain sealed for 60 days to allow the government to fully investigate the
Dec 14, 2016 By: Peter Hamner
French investment bank Societe Generale has agreed to pay a $450,000 fine for its failure to properly report nearly 54,000 transactions, the
Dec 12, 2016 By: Janelle Filson Wrigley
Information exchanges between competitors are a hot area of antitrust enforcement.
Dec 9, 2016 By: Donna Higgins
Attorneys for a trucking company and its former drivers who were left out of a deal that resolved the firm’s bankruptcy case squared off Dec. 7 before the justices of the U.S. Supreme Court, who asked about the role of settlements in bankruptcy cases and the threat of collusion among creditors.
Dec 8, 2016 By: Peter Hamner
Seven stock exchanges should not be immune from a lawsuit accusing them of providing nonpublic data to high-frequency-trading firms to the detriment
Dec 8, 2016 By: Tricia Gorman
Appellate courts should defer to trial court decisions regarding subpoena requests by the Equal Employment Opportunity Commission, several business groups and law