Hedge fund FrontPoint Partners LLC employees were allegedly tipped by a French doctor working as a consultant for Human Genome Sciences Inc. on the results of trials for the hepatitis-C drug Albuferon, a person familiar with the matter said.
SAP AG, the business-software maker ordered by a jury to pay $1.3 billion to Oracle Corp., told a judge the verdict was based on speculation about Oracle’s losses and should be cut to no more than $408 million.
Oracle Chief Executive Officer Larry Ellison , who has said the new head of rival Hewlett-Packard Co. oversaw “industrial espionage” while he was at SAP AG, will testify Nov. 8 at a trial between Oracle and SAP, a lawyer said in court.
Citigroup Inc. prevailed at trial against a multibillion-dollar lawsuit by Terra Firma Capital Partners Ltd. and its Chairman Guy Hands, who claimed he was tricked by the bank into overpaying for EMI Group Ltd. in 2007.
Google Inc., the largest maker of smartphone software, plans to send a letter to standards organizations reassuring them it will license Motorola Mobility Holdings Inc. patents on a fair and reasonable basis, according to two people with direct knowledge of the situation.