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NEW YORK (Reuters) - The U.S. Securities and Exchange Commission filed an insider trading lawsuit accusing three Swiss entities of suspicious trading this month in Arch Chemicals Inc. before the company agreed to a $1.2 billion takeover by Switzerland's Lonza Group AG.
According to the SEC, Compania Internacional Financiera SA, Coudree Capital Gestion SA and Chartwell Asset Management Services realized millions of dollars in profit from buying more than 1 million Arch shares in the week prior to the announcement, and selling their shares once the news came out.
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A win for Martek
Martek Biosciences Corp., of Columbia, won an appeals court ruling that the Nutrinova unit of Switzerland-based Lonza Group AG infringed two of its patents. The U.S. Court of Appeals for the Federal Circuit in Washington affirmed most of a lower court's ruling, while also finding Martek could press claims over a third patent. A lower court in Wilmington, Del., initially found that patent to be invalid. The lower court prohibited Lonza, the world's largest maker of drug ingredients, from marketing DHA docosahexaenoic acid products that infringe two Martek patents. Martek makes products from microalgae, including nutritional oils used in infant formula.
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- Kurt Crawford, on Behalf of Himself and all Others Similarly Situated in the State of Arkansas, Appellee, v. F. Hoffman-La Roche Ltd.; Defendant, Hoffman-La Roche Inc.; Roche Vitamins, Inc.; Defendants-Appellants, Rhone-Poulenc Sa; Defendant, Rhone-Poulenc Animal Nutrition, Inc.; Rhone-Poulenc, Inc.; Defendants-Appellants, Basf, Ag; Defendant, Basf Corporation; Lonza, Inc.; Defendants-Appellants, Lonza, Ag; Chinook Group, Ltd; Cope Investments, Ltd.; Chinook Group, Inc.; John Kennedy; Robert Samuelson; Copland; Stayner; Cosburn; Defendants, Ducoa, L.P.; Dcv, Inc.; Lindell Hilling; J.L. Fisher, Also Known as Pete Fisher; Defendants-Appellants, Antonio Felix; Defendant, Bioproducts, Inc.; Defendant-Appellant, Degussa Ag; Degussa Corporation; Defendants, Reilly Industries, Inc.; Defendant-Appellant, Reilly Chemicals, Sa; Eisai Co., Ltd.; Defendants, Eisai U.S.A., Inc.; Eisai, Inc.; Dcv, Inc.; Appellants., 267 F.3d 760 (8th Cir. 2001)
Appeal from the United States District Court for the Western District of Arkansas.[Copyrighted Material Omitted][Copyrighted Material Omitted]
Before...
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... pharmaceutical ingredient for ELND005 with Lonza Group AG. This agreement is fundamental to ensurin...
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... Performance Products, LANXESS Corporation, Lonza Group AG, Marathon Petroleum Company LLC, Mitsubis...
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WHAT'S NEW
Doctors are now under the scope of potential patients through Vitals.com, a new, free, Web-based database from MDX Medical LLC in Lyndhurst that helps users evaluate doctors.
... business to the Swiss life-sciences company Lonza Group AG for $460 million. That transaction was pa...
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... Performance Products, LANXESS Corporation, Lonza Group AG, Marathon Petroleum Company LLC, Mitsubis...
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Sinclair's profit decreases
Sinclair Broadcast Group Inc., of Hunt Valley, which owns or programs 57 television stations in 35 markets, reaching more than a fifth of U.S. homes, reported a 56 percent drop in third-quarter profit and said it's investing in real estate as an alternative to TV. Net income declined to $9.9 million, or 11 cents a share, from $22.6 million, or 25 cents a share, a year earlier. That beat the 8- cent average of four analysts' estimates compiled by Bloomberg. Sales rose 6.2 percent to $176.7 million, also topping estimates.
... against the Nutrinova unit of rival Lonza Group AG after a jury ruling of patent- infringeme...
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... against the Nutrinova unit of rival Lonza Group AG after a jury ruling of patent- infringeme...
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Lonza Group AG, of Basel, Switzerland, the world's large...