Pfizer acts on Celebrex and Bextra subject to shareholder class action suit. The world's biggest pharmaceutical firm now needs to face investor allegations that executives misled them about the athritis drugs Celebrex and Bextra.
Legal & Regulatory
UPDATE- A1 Mulling Suit against Tele2 Russia Board
For failing to account for minority stockholder's interests, A1 is filing a suit against the Tele2 board for accepting a lower offer than what they tabled for the company.
Mikhail Friedman's A1 Considers Legal Action Against Tele2-VTB Merger
Russia's A1, billionaire Mikhail Fridman's investment group, wants to file case against the planned merger of Tele2's Russian unit and state-run bank VTB, saying that it has the right to purchase Tele2 unit.
SAC Capital Manager Indicted Over Insider Trading
Portfolio manager Michael Steinberg at Steven A. Cohen's hedge fund SAC Capital Advisors was arrested on as part of a long-running investigation on insider trading.
Clark Hill to Merge with Thorp Reed
Clark Hill PLC and Thorp Reed & Armstrong LLP announced that they will merge to create a combined firm that would help them provide more value to clients.
Latest News
The shareholders of Cole Credit seeks injunction against planned merger. The shareholders of Cole Credit Property Trust III have filed a suit in a Maryland court to issue an injunction on the planned internal merger.
The judge over the settlement agreement between SAC Capital and US SEC is having second thoughts with a few provisions.
Fisker Automotive has hired the law firm Kirkland and Ellis to review its bankruptcy options. The green car manufacturer that has undergone financial losses with losses at the NY/NJ Port area as well as funding issues Fisker Automotive is now mulling seeking bankruptcy protection.
Possible strategic partners for Fisker, namely Dongfeng Motor Group and Zheijang Geely Holdings, have pulled out from discussions.
Lehman Brothers, once Wall Street's larger banks, has announced its payout to creditors after its emergence from bankruptcy protection.
The planned merger of UK's Pearson's Penguin and Germany's Bertelsmann's Random House unit is expected to receive approval from the European Union
UK's Financial Services Authority (FSA) has fined Prudential 30 million pounds for hiding its attempt to buy Asian rival AIA three years ago.
The China Banking Regulatory Commission issued guidelines on the proper handling of wealth management instruments.
Australian regulators have approved the Qantas-Emirates international flights scheme. Australian anti-trust regulators have cleared the tie up between Qantas Airways Ltd and Emirates on international flights.
