Legal

Santarus, Inc. (NASDAQ: SNTS) and Depomed, Inc. (NASDAQ: DEPO) today announced that they have entered into a settlement agreement with Lupin Ltd. and its subsidiary, Lupin Pharmaceuticals, Inc., to resolve pending patent litigation involving GLUMETZA® (extended release metformin tablets) 1000 mg...

The Obama administration has proposed an overhaul to the U.S. corporate tax code which would lower the maximum rate paid by corporations while also eliminating a myriad of loopholes used to lower individual businesses' tax bills. The plan would lower the top income-tax rate for corporations from 35...

A Florida appellate court today threw out an Engle verdict against Philip Morris USA (PM USA) after finding that the trial court erroneously refused to hold that the statute of limitations barred a plaintiff's claim. This is the first Engle verdict to be overturned by an appellate court. Today's...

Dr. Bill Pepicello, President, University of Phoenix (NASDAQ: APOL) responds: “We appreciate Senator Durbin's focus on ensuring a thorough accreditation process. This review will be the largest and most significant in higher education accreditation history and will be the benchmark for review of...

In an investor presentation released on Wednesday, Citron Research has announced that it is taking a report to the SEC about Qihoo 360 Technology (NASDAQ: QIHU). Citron says that it is aiming to provide a “complete understanding of various issues” regarding the company. Citron has apparently had...

America's biggest banks stand to lose billions of dollars in annual revenue if an investigation of overdraft fee policies by the U.S. Consumer Financial Protection Bureau finds that the banks' business practices are harmful to consumers. The agency is looking into how banks like JPMorgan Chase...

Orckit Communications (Nasdaq: ORCT) today announced that, on February 15, 2012, it received a written notification from the Listing Qualifications Department of The NASDAQ Stock Market LLC advising the Company that, for the 30 consecutive business days preceding February 15, 2012, the bid price...

AVI BioPharma, Inc. (NASDAQ: AVII) announced today that it received a letter from the listing qualifications department staff of The NASDAQ Stock Market LLC, stating that the Company has regained compliance with NASDAQ's minimum $1.00 per share bid price requirement. The letter received noted...

The United States Patent & Trademark Office has informed BioDelivery Sciences International, Inc. (Nasdaq: BDSI) that it has rejected all claims by MonoSol Rx, LLC (MonoSol) in its US Patent No. 7,425,292 (the '292 Patent) which is currently being asserted against BDSI and its commercial...

The following are the M&A deals, rumors and chatter circulating on Wall Street for Tuesday February 21, 2012: F5 Networks Acquires Traffix Systems The Deal:F5 Networks (NASDAQ: FFIV) announced Tuesday that it has agreed to acquire Traffix Systems, the leading provider of 4G Diameter signaling...