How To Become Your Client's Primary Litigation Firm

Law firms angling to become a client's primary litigation firm — the one that does the bulk of that company's litigation work — need more than just outstanding legal skills; they need to offer top-notch client service too, a new report shows.

Merkin To Pay $12.7M To Fund Over Madoff Loss

An arbitration panel has ordered hedge fund manager J. Ezra Merkin to pay over $12 million to investors in Gabriel Capital LP, a feeder fund that went bust after Ponzi schemer Bernard Madoff's fraud unraveled.

Burkle Appeals Barnes & Noble Poison Pill Ruling

An investment firm controlled by billionaire Ron Burkle is fighting the dismissal of a suit against Barnes & Noble Inc., its Chairman Leonard Riggio and other officials over a poison pill provision that directors adopted after Burkle’s company rapidly began increasing its stake in the bookseller last year.

Trainees Sue Merrill For Sex Bias, Retaliation

Four female financial advisers who were trainees at Merrill Lynch & Co. Inc. have sued the investment firm, alleging their supervisors discriminated against women and fired them because of their gender.

Kia Recalls 35K Cars Over Faulty Wiring

Hyundai-Kia Motors has issued a recall for 35,185 cars with electrical systems that could short out and cause fires, according to the National Highway Traffic Safety Administration.

Judge Shuts Down Actimmune Marketing MDL

A federal judge has brought an end to multidistrict litigation claiming biotechnology company InterMune Inc. fraudulently promoted its drug Actimmune as a remedy for a deadly lung disease it was not approved to treat.

Polar Air To Pay $17M Over Air Cargo Price-Fixing

Polar Air Cargo LLC has agreed to pay a $17.4 million criminal fine to settle a price-fixing charge, making it the latest airline to cop a deal in the U.S. Department of Justice's probe into the international air transportation industry.

Blockbuster Misses Bond Payment Deadline

Floundering video chain Blockbuster Inc. told the U.S. Securities and Exchange Commission on Thursday that it has missed another bond interest payment, the latest sign that the company could be forced into bankruptcy before year's end.