Recent Updates

  • CNET says SEC ends stock investigation

    CNET says SEC ends stock investigation

    Business Law 09/05/2007

    CNET Networks said Tuesday that the Securities and Exchange Commission ended an inquiry into the company's stock option grants. Regulators won't take any action against San Francisco-based CNET, which is a media company. CNET's founder Shelby Bonnie ...

  • Law firm files investor lawsuit against Motorola

    Law firm files investor lawsuit against Motorola

    Business Law 09/02/2007

    Another law firm has filed an investor suit against Motorola Inc., claiming executives didn’t tell the market how bad things were last fall as sales began to slow. Schiffrin Barroway Topaz & Kessler LLP filed suit last Wednesday in U.S. District ...

  • Roche wins U.S. motion in Ventana bid battle

    Roche wins U.S. motion in Ventana bid battle

    Business Law 08/23/2007

    [##_1L|1109364129.jpg|width="120" height="93" alt=""|_##]A U.S. court has granted Roche Holding AG's motion for a preliminary injunction to prevent Ventana Medical Systems Inc. from applying an Arizona anti-takeover law to defend itself against Roche...

  • TD Ameritrade, E-Trade hold merger talks

    TD Ameritrade, E-Trade hold merger talks

    Business Law 08/22/2007

    Online brokerage giants TD Ameritrade Holding (AMTD) and E-Trade Financial (ETFC) have been holding talks for weeks about a possible merger, The Wall Street Journal reported Wednesday. The discussions currently are focused on making sure both compani...

  • U.S. Fed pumps $3.5 bln into financial market

    U.S. Fed pumps $3.5 bln into financial market

    Business Law 08/20/2007

    [##_1L|1369514519.jpg|width="130" height="93" alt=""|_##]The U.S. Federal Reserve on Monday pumped 3.5 billion dollars into the financial system to help beat back a widening credit crisis. The injection was announced by the Federal Reserve Bank of Ne...

  • US court OKs Dura sale of Atwood unit, equity plan

    US court OKs Dura sale of Atwood unit, equity plan

    Business Law 08/17/2007

    Dura Automotive Systems Inc. has received U.S. Bankruptcy Court approval for the $160.2 million sale of its Atwood Mobile Products unit and an equity plan with Pacificor LLC to support its reorganization.Dura, which filed for bankruptcy in October 20...

  • Fed chief says subprime losses could hit $100bn

    Fed chief says subprime losses could hit $100bn

    Business Law 07/19/2007

    Total losses from the subprime mortgage meltdown may be in the order of $50bn to $100bn, according to estimates cited by Ben Bernanke in testimony to Congress on Thursday.The Fed chairman said:"There clearly will be some significant financial losses ...

  • Sony Settles $8.5 Million Class Action Suit

    Sony Settles $8.5 Million Class Action Suit

    Business Law 06/29/2007

    [##_1L|1121971627.jpg|width="120" height="138" alt=""|_##]Sony Computer Entertainment America has settled an $8.5 million class action lawsuit with current and former employees, according to a statement issued by the law offices of Shapiro Haber &...

  • Colgate warns of fake toothpaste, maybe toxic

    Colgate warns of fake toothpaste, maybe toxic

    Business Law 06/14/2007

    [##_1L|1145481366.jpg|width="142" height="136" alt=""|_##]Colgate-Palmolive (CL) said Thursday that counterfeit "Colgate" toothpaste that may contain a toxic chemical has been found in discount stores in four states. "There are indications that this ...

  • Court date set for Wild Oats-Whole Foods case

    Court date set for Wild Oats-Whole Foods case

    Business Law 06/13/2007

    Wild Oats Markets Inc. and Whole Foods Market Inc. will go to court late next month in an attempt to keep the planned merger between the two companies alive. The Federal Trade Commission has raised concerns about whether the two natural foods grocers...

  • Spitzer warns about pre-takeover options trading

    Spitzer warns about pre-takeover options trading

    Business Law 05/30/2007

    New York Governor Eliot Spitzer, a former state attorney general who prosecuted some of the biggest firms in the United States, said on Tuesday that recent options trading ahead of takeovers was "deeply problematic."In past months, announcements of p...

  • Stocks End Flat As Dow Sets New Record

    Stocks End Flat As Dow Sets New Record

    Business Law 04/27/2007

    Wall Street paused Thursday, with stocks little changed as strong profit reports from names like Apple Inc. and 3M Corp. failed to galvanize the market a day after the Dow Jones industrials crossed 13,000. Still, a modest advance in the Dow gave the ...

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