Law

Toyota Seeks to Dismiss Consumer Suit Alleging Electronic Throttle Defects Toyota Motor Corp., facing at least 41 class-action lawsuits over sudden acceleration problems, asked a court to throw out the first of those cases, saying the plaintiffs have no basis to sue.

Raj Rajaratnam, Danielle Chiesi Charged in New Insider-Trading Indictment Galleon Group LLC founder Raj Rajaratnam and Danielle Chiesi, a New Castle Funds LLC consultant, face new insider-trading charges based on evidence provided to prosecutors by three defendants who pleaded guilty.

Colgan Crash That Killed 50 Spurs Quest for Damages That Punish Carrier Robin Tolsma and Jennifer West call each other every day, sharing stories about their kids, their grief and their anger. Their husbands, Darren Tolsma and Ernie West, sat next to each other on Continental Airlines Connection Flight 3407 when it crashed last Feb. 12 outside Buffalo, New York, less than eight miles from their homes.

Philip Morris Judge to Reduce $300 Million Florida Verdict, Person Says A Florida judge said he will throw out a $300 million cigarette injury verdict against Altria Group Inc.’s Philip Morris USA, the largest U.S. tobacco company, according to a person familiar with the matter.

Merck to Strengthen Drug Safety, Pay $12.2 Million to Settle Vioxx Suits Merck & Co. agreed to settle shareholder lawsuits over the withdrawn Vioxx painkiller by strengthening its drug-safety procedures, appointing a new chief medical officer and paying $12.2 million in legal fees.

Fund Manager Stein Sentenced to Nine Years for $46 Million Ponzi Scheme New York hedge-fund manager Edward T. Stein was sentenced to nine years in prison for running a $46 million Ponzi scheme that preyed upon friends and acquaintances.

Bloomberg Law