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U.S. District Court of Delaware Reverses and Remands A Bankruptcy Settlement Effected With No Notice
2015-02-10 22:14:46| Electronics - Topix.net
On January 16, 2015, Chief Judge Leonard P. Stark of the United States District Court for the District of Delaware issued an opinion that reversed an order of the Delaware Bankruptcy Court that approved a settlement, and remanded to the Bankruptcy Court for further proceedings. In the underlying bankruptcy case, debtor ManagedStorage International, Inc., and certain affiliates, filed bankruptcy in February 2009, and immediately filed a motion to sell substantially all of their assets.
Settlement reached in lawsuit seeking to block LabCorp-Covance deal
2015-02-09 22:45:15| Biotech - Topix.net
A settlement has been reached in a lawsuit challenging the $6.1 billion purchase of clinical research firm Covance by Burlington-based medical testing company Laboratory Corp. of America. The agreement comes less than two weeks before the deal is expected to close, with Covance shareholders slated to vote on the acquisition on Feb. 18. A shareholder of Covance initially brought the lawsuit seeking to block the deal based on allegations that the company's board should not have hired Goldman Sachs as its financial adviser because of a conflict of interest.
Tags: deal
block
reached
seeking
Qualcomm nears settlement in China competition case - report
2015-02-09 15:13:00| Telecompaper Headlines
(Telecompaper) Qualcomm is likely to pay China a record fine of around USD 1 billion, ending a 14-month investigation into anti-competitive practices, Reuters reports. The US-based chipmaker and the Chinese regulator made significant progress during talks in the past week and a settlement could be announced in the coming days, an unnamed source told the news agency. The deal may also see Qualcomm lower its royalty rates by around a third on patents used in China. China's National Development and Reform Commission (NDRC) will soon release a new antitrust settlement, said Xu Kunlin, the head of the agency's antitrust division, at a law conference 09 February, according to an article posted on the website of the official Securities Times. "Qualcomm will be fined several times the total amount the NDRC fined last year," he said. A Qualcomm spokeswoman declined to comment.
Tags: report
case
china
competition
Settlement reached in whistleblower lawsuit against Dow Chemical
2015-02-07 23:39:18| Chemicals - Topix.net
There's been a settlement in a whistleblower lawsuit against Dow Chemical. Last year, Kimberly Wood filed a lawsuit against Dow, claiming she was fired because she exposed lavish spending by CEO Andrew Liveris.
Tags: chemical
reached
settlement
dow
Settlement would pay average of $4K to dairy farmers
2015-02-05 18:47:15| Food - Topix.net
MONTPELIER >> More than 7,000 Northeast dairy farmers could get an average of around $4,000 in a proposed settlement with the cooperative Dairy Farmers of America over an alleged effort to drive down prices paid to farmers. A final federal court hearing was held last week in Vermont on the $50 million proposal to resolve antitrust allegations.
Tags: pay
average
settlement
farmers
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