Cytori Therapeutics Inc., a biotechnology company developing experimental burn treatment therapies, lost a U.S. appeals court bid to overturn the Food and Drug Administration’s initial rejection of two medical devices that use fat as a source of stem-cell therapy.
President Barack Obama’s health- care law got a mixed reception in its fourth review by a federal appeals court as three judges grappled with questions about the law’s constitutionality and their own authority to rule on it.
The U.S. Environmental Protection Agency lost a bid for review by a full federal appeals court of a three-judge panel’s ruling that threw out regulations designed to cut cross-state pollution from coal-fired power plants.
Honeywell International Inc. and DuPont Co. lost a challenge to a U.S. cap-and-trade emissions program as a federal appeals court said it already ruled the credit-transfers at issue in the case were lawful.
Hedge fund Oasis Management LLC sued Morgan Stanley for C$9.5 million ($9.3 million) over options in Sino-Forest Corp. bought before the Toronto-listed timber company’s stock plunged 71 percent in two days in June.