MGA Entertainment Inc.’s $172.5 million victory over rival toymaker Mattel Inc. for theft of trade secrets was thrown out by a federal appeals court that said the company’s counterclaims shouldn’t have been allowed to go to the jury.
Mattel Inc. sued MGA Entertainment Inc., claiming the rival toy company and its chief executive officer illegally transferred more than $400 million to block Mattel from collecting the money as a creditor.
A U.S. investigation of possible insider-trading by Goldman Sachs Group Inc. employees expanded to include a managing director whose name emerged at the trial of convicted hedge fund manager Raj Rajaratnam, a person with knowledge of the probe said.
Langeford Capital Ltd., owned by Bangladeshi businessman Anis Ahmed, sued ABN Amro Bank NV in Singapore, claiming the bank negligently misrepresented a Lehman Brothers Holdings Inc. investment as safe.
Federal prosecutors said they were prepared to summon Goldman Sachs Group Inc. President Gary Cohn as a witness to rebut Galleon Group LLC co-founder Raj Rajaratnam’s defense in his insider-trading trial.
Eastman Kodak Co.’s newest patent- infringement complaint against Apple Inc. and HTC Corp. will be reviewed by a federal trade agency with the power to block imports of products that infringe U.S. patents.