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Credit Suisse to pay $29 million in U.S. regulator’s mortgage case

March 26, 2016 by · Leave a Comment 

Credit Suisse Group AG has agreed to pay more than $29 million to resolve a U.S. regulator's claims that it sold toxic mortgage-backed securities to credit unions that later failed, according to court papers filed on Thursday. The deal, disclosed in a filing in federal court in Manhattan, …

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Credit Suisse to pay $29 million in U.S. regulator’s mortgage case

infringing-two

U.S. extends BMW deadline to get replacement air bag inflators

March 26, 2016 by · Leave a Comment 

BMW AG will get five more months to acquire Takata air bag replacement parts for a massive recall because tests showed some of the substitute inflators may also be defective, the U.S. auto safety agency said on Thursday. The deadline for the German automaker was extended to Aug. 31 because a replacement driver-side air bag inflator made by a supplier other than Takata failed during testing

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U.S. extends BMW deadline to get replacement air bag inflators

infringing-two

Gilead ordered to pay Merck $200 million in hepatitis C drug patent dispute

March 26, 2016 by · Leave a Comment 

SAN JOSE, Calif.,/NEW YORK (Reuters) – A federal jury on Thursday ordered Gilead Sciences Inc to pay Merck & Co $200 million in damages for infringing two Merck patents related to a lucrative cure for hepatitis C. The damages award is far less than the $2 billion Merck had demanded. On Tuesday, the same jury in San Jose, California, upheld the validity of the patents, which

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Gilead ordered to pay Merck $200 million in hepatitis C drug patent dispute