Porsche Automobil Holding SE, already facing suits seeking a combined 4 billion euros ($5.2 billion) linked to the carmaker’s aborted takeover of Volkswagen AG, was sued by 25 more hedge funds in Germany.
India’s Supreme Court denied Novartis AG’s request for patent protection for its Gleevec cancer treatment, allowing the nation’s generic-drug makers to continue to sell copies of the drug at a lower price.
Porsche Automobil Holding SE, fighting market manipulation allegations in three countries, may be able to consolidate most of the litigation in Germany after a group of hedge funds dropped a U.S. appeals court case.
BASF SE, the world’s biggest chemical company, lost a U.S. appeals court bid to force Makhteshim-Agan Industries Ltd. to stop selling a version of its popular termite killer, a day after filing a new patent suit against that competitor.
Porsche Automobil Holding SE, Volkswagen AG’s majority shareholder, said it’s confident of finding acquisitions that will enable the company to expand its assets beyond control of Europe’s largest carmaker.
U.S. Representative John Conyers Jr., chairman of the House Judiciary Committee, introduced a bill on June 10 that would take away some of BP Plc’s bankruptcy options, should it choose reorganization to resolve liabilities for the oil spill in the Gulf of Mexico.
Zain Fancy, who joined Och-Ziff Capital Management Group LLC from Morgan Stanley in 2008, sued two units of the New York-based hedge fund manager in Singapore, claiming they withheld $7.9 million in pay and stock that he was owed.