The Department of Justice has filed an antitrust lawsuit against
Deere’s planned purchase of Monsanto’s Precision Planting
business. The lawsuit, filed in a Chicago court, said the deal would remove
competition and raise costs for farmers, Bloomberg reported Wednesday. Deere, which is the world’s largest maker of agricultural
machinery, agreed to buy the unit from Monsanto in November.
The rapper claims his endorsement deal for Blast by Colt 45 entitles him to a share of a $700 million corporate sale. Snoop Dogg is one step closer to trial with Pabst Brewing Co. after a California judge on Monday declined to drop the rapper’s lawsuit against the beverage company like it’s hot. Snoop sued in 2015, claiming Pabst breached their endorsement deal when the company was sold and it …
In March, six Volkswagen retailers came together with the mission of negotiating an out-of-court settlement with the factory to compensate their fellow dealers for losses from the diesel emissions scandal, and averting what they feared would be messy litigation against their business partner. But when such a deal finally came together last week, it was disclosed by someone else: Steve Berman, a …
Attorneys for the IRS have gotten their hands on an email that appears to buttress their case that Herb Simon received a sweetheart deal when he acquired his ailing brother Mel’s 50 percent ownership in the Indiana Pacers in early 2009, just a few months before Mel died at age 82. Whether Mel got full value for his stake matters because, if he didn’t, Herb effectively received a massive …
An environmentalist group has reached a tentative settlement with the USDA in a lawsuit accusing the agency’s predator control efforts of violating federal law. Attorneys for USDA and Wildearth Guardians, an environmental non-profit, have notified the judge overseeing the case that they’ve struck a deal “in principle, subject to approval by the appropriate government officials.” The notice …
The Steamfitters Local 449 Pension Plan filed the suit on July 22 in the Southern District of New York, seeking unspecified damages. The lawsuit names Eaton Corp and Alexander Cutler, Eaton’s former chairman and ceo as well as Richard Fearon, its vice chairman and chief financial officer. The union claimed they violated US securities law by making “false and misleading statements” about the …
Anthem threw punches back at the U.S. Justice Department’s attempt to block the insurer’s acquisition of Cigna Corp. The response signals Anthem will indeed litigate the case to the end even though many analysts and policy experts say the company is unlikely to win In a newly filed legal response, Anthem’s lawyers argued the deal to buy Cigna is “procompetitive” and specifically would allow …
T. Rowe Price Group and Dell have reached a settlement over the computer giant’s $25 billion buyout, a deal the Baltimore money management firm opposed but voted in favor of in an embarrassing and unusual technical mix-up. The settlement resolves a lawsuit in which T. Rowe and other investors argued that Dell founder Michael Dell undervalued the company in his bid to take it private in 2013. A …
German automaker Volkswagen Group is expected to deliver a $10 billion settlement to cover government fines and compensate owners of vehicles fitted with software …
Rich Williams continues tidying up at Groupon, selling off some of the bits and pieces collected over the years that the company no longer wants or can afford. Groupon sold Breadcrumb, a point-of-sale checkout system for restaurants that uses iPads, to Upserve, a Providence, R.I.-based company that makes software used by restaurants to manage operations. In the past year, Chicago-based Groupon …