Teva Pharmaceutical Industries Ltd., the world’s biggest generic drugmaker, didn’t infringe any of Purdue Pharma LP’s valid patents related to the painkiller OxyContin, a federal judge ruled after a nonjury trial.
Steven Fortuna, a hedge-fund manager who pleaded guilty and assisted in the insider-trading probe of Galleon Group LLC and other federal investigations, was sentenced to two years’ probation and six months’ home confinement.
A Canadian man charged with conspiracy and bank fraud for allegedly laundering $350 million for foreign Internet gambling companies pleaded guilty to a single count of processing offshore bets of U.S. citizens.
Goldman Sachs Group Inc. agreed to pay $550 million and change its business practices to settle U.S. regulatory claims it misled investors in collateralized debt obligations linked to subprime mortgages.
ABB Ltd. won dismissal of a racketeering suit brought by Iraq that alleged a unit of the world’s biggest electricity-networks builder conspired with Saddam Hussein’s regime over an oil-for-food program.