In a lawsuit filed Tuesday, Anheuser-Busch is claiming that InBev's offer of $65 per share for the company represents a "bargain price." The offer was made when the market was valuing Busch at about $55. The stock closed on Tuesday at $61.56. Busch also...
By Martinne Geller and Martha Graybow NEW YORK (Reuters) - Anheuser-Busch Cos Inc BUD is suing InBev NV INTB in an attempt to slow its suitor's efforts to replace the U.S. brewer's board of directors, which rejected InBev's $46.3 billion takeover offer. In...
OK, so the other day I said something about how the InBev-Anheuser Busch wrangling "could go on for some time." And I called Busch's lawsuit against InBev "desperate." I was wrong on at least the first count. InBev has upped its offer by $5 a share,...
By Martinne Geller and Martha Graybow NEW YORK (Reuters UK) - Anheuser-Busch BUD is suing InBev INTB in an attempt to slow its suitor's efforts to replace the U.S. brewer's board of directors, which rejected InBev's $46.3 billion (23.5 pound) takeover offer. In the lawsuit, the...
By Marty Graham SAN DIEGO (Reuters) - San Diego's city attorney said on Wednesday he filed a lawsuit against Bank of America Corp BAC and its Countrywide unit to prevent the mortgage lenders from foreclosing on homes in the city, which he aims...
LOS ANGELES (Reuters) - Johnson & Johnson on Thursday won a lawsuit brought by the family of an 11-year-old girl who became blind after using the drug Children's Motrin in 2003. The painkiller is made by Johnson & Johnson's JNJ McNeil consumer healthcare...
LOS ANGELES (Reuters) - Motorola Inc MOT has sued a former executive for allegedly violating a non-compete agreement and threatening to reveal its trade secrets by taking a job with Apple Inc's AAPL iPhone division, the cell phone maker said in...
By Amie Ferris-Rotman MOSCOW (Reuters UK) - TNK-BP Chief Executive Robert Dudley said a shareholder dispute would "tear the company apart" after a group of employees filed a lawsuit on Thursday that accused him of mismanaging Russia's No. 3 oil firm. Oil major BP BP has...
NEW YORK (Reuters) - Clear Channel Communications Inc CCU said on Wednesday it settled lawsuits against Tribune Co and several former Clear Channel employees lured away by the newspaper publisher and broadcaster. Clear Channel said Tribune agreed not to further solicit or ...
By Eric Auchard SAN FRANCISCO (Reuters) - Defendants and plaintiffs in two related copyright infringement lawsuits against YouTube have reached a deal to protect the privacy of millions of YouTube watchers during evidence discovery, a spokesman for Google Inc GOOG said...
Here's an old expression that a small-business owner isn't likely to use very often: "So Sue Me.? The reason is because a lot of people these days will happily take you up on the offer. We live in a litigious society, and there is no getting around that reality. And...
In a case that could set a precedent for drug manufacturers if it reaches the courtroom, Mark Livingston, former associate director of training and continuous improvement at Wyeth Pharmaceuticals' Sanford, N.C. plant, has invoked the employee protection provisions of the Sarbanes-Oxley Act of 2002 to sue his former employer as...
This paper is about the rights of a policy holder. A policyholder should be aware, however, that on occasion, the insurance company's interests may not be precisely the same as the policyholder's. As the policyholder, you have certain rights ù including the right to monitor the insured-led defense. Here are...
PHILADELPHIA (Reuters) - Some Anheuser-Busch Cos Inc BUD shareholders have filed lawsuits seeking to force the U.S. brewer to fairly consider the $46.3 billion takeover bid from InBev NV INTB, according to court documents obtained by Reuters on Tuesday. Anheuser-Busch rejected...
PHILADELPHIA (Reuters UK) - Coca-Cola KO agreed to pay $137.5 million (69.4 million pounds) to settle a shareholder lawsuit that claimed the world's largest soft drink maker artificially inflated sales to boost its stock price, according to court documents. The lawsuit, filed in October 2000,...
Fisker Automotive won a round in its legal fight with Tesla Motors, as a judge in San Mateo (Calif.) Superior Court on June 11 granted Fisker's motion to stay Tesla's suit against Fisker, and send the case to arbitration. Tesla Motors sued Fisker on April 14. Tesla...
By Gina Keating LOS ANGELES (Reuters) - California Attorney General Jerry Brown sued Countrywide Financial Corp CFC and two top officers on Wednesday to stop the mortgage loan company from allegedly perpetrating a scheme to "mass produce loans for sale on...
By Dan Wilchins NEW YORK (Reuters) - MasterCard Inc, the world's second-largest credit-card network, said on Wednesday it will pay American Express Co AXP up to $1.8 billion to settle a lawsuit that said MasterCard and Visa blocked banks from issuing...
Red Hat on Tuesday said it has settled a patent infringement lawsuit that covers the company's open source software and any other derivative works. The lawsuit was launched by Firestar Software and DataTern in 2006. Firestar has a platform called EdgeNode that automates distributed processes such as supply chain...
Fisker Automotive Inc. maintains that its plug-in hybrid sports car, the Karma, is still on track for delivery starting in the fourth quarter of 2009. That would be a minor miracle, regardless of an April 14 lawsuit in which rival Tesla Motors claims Fisker Automotive took some...
