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Icahn's Influence Could Dictate ImClone's Decision to Appeal Patent Ruling
Carl Icahn isn't getting his way, at least not yet. ImClone Systems responded to its most famous shareholder's latest attacks by giving him a board seat but keeping Chairman David Kies, despite Icahn's continued public thrashing of him. One indication of Icahn's influence could come in the legal battle over a key patent behind ImClone's sole marketed product, cancer fighter Erbitux. If ImClone reverses course and drops its appeal of the patent case, it would be a concession to one of Icahn's public demands.Pilgrim's Pride shares rise due to company estimates of cost savings from acquisition
NEW YORK AP - Despite reporting a loss Tuesday, shares of chicken processor Pilgrim's Pride Corp. rose more than 4 percent on word an acquisition would result in more savings than expected.Pilgrim's Pride swung to a loss of $8.7 million and posted flat revenue for the first quarter, mainly due to higher feed costs that have hurt the entire chicken industry.Federal Lawsuits Seek $30 Million in Madoff Family Money
The court-appointed trustee seeking to recover billions of dollars lost by jailed financier Bernard Madoff has sued three entities to get back more than $30 million that he said the Madoff family had invested, mostly in oil and gas properties and tech companies. The lawsuits filed in U.S. Bankruptcy Court in Manhattan by Irving Picard are a follow-up to a lawsuit he filed in November seeking nearly $200 million from family members who he said lived lavishly while using the family finance business like a "piggy bank."Federal Judges Warn "Nuisance" Lawyer About His "Fury"
The U.S. Circuit Court of Appeals for the 7th Circuit recently chastised Chicago plaintiffs' lawyer Clinton Krislov by calling his accusations against the court "over the top" and by suggesting he "may wish to moderate his fury." That admonishment came in an order denying rehearing of a class action about clothes dryers.Barbera v. 40 Broad Delaware Inc.
Experts' Opinions at 'Frye' Hearing Pertain To Issues of Credibility of Fact in Jury's 'Ken'View more book results for the query "*"
Punitives, Fees Upheld in Bad Faith Lawsuit
An insurer`s failure to schedule an independent medical exam for one of its underinsured claimants, coupled with a low offer to settle, amounted to bad faith claims handling, the Superior Court has ruled.Print Works v. Westchester Square Associates LLC
Failure to Show Evidence of Repair of Prior Leaky Condition Denies Owner Summary JudgmentTies to Senecas Cannot Shield Golf Course Developer, Panel Says
The Fourth Department found that allowing an entity created by the Seneca Indian Nation, established in part so it could take advantage of more than $1 million in economic development tax breaks, to avoid litigation as an arm of the tribe would ultimately undermine the Senecas.Exchange-Traded Products: Not All Created Equal
Exchange-traded products (ETPs) have dramatically increased in popularity over the past decade and become the focal point of many portfolios.Trending Stories
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