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TOP NEWS
Ex-Reebok CEO Says Biotech Investor Suit Was Shakedown
By Julie Manganis
Former Reebok CEO and billionaire philanthropist Paul Fireman said a "baseless" shareholder lawsuit against him and a biotech company he later sold to Janssen Pharmaceuticals Inc. for $85 million was an effort to get him to "cave" to demands for more money, according to a complaint filed in Massachusetts state court Wednesday.
Complaint attached |
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POLICY & REGULATION
ENFORCEMENT
LITIGATION
HSBC Defeats Most Claims In First Citizens' Poaching Suit
By Elliot Weld
A California federal judge has dismissed the bulk of First Citizens Bank & Trust Co.'s suit against HSBC alleging the latter induced a mass resignation and misappropriated trade secrets, saying the court still didn't have any jurisdiction over some defendants and that an amended complaint had not cured issues with a previously dismissed complaint.
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