Settlement gets lawsuit canceled

Article Abstract:

Smith and Wesson Corp has agreed to a settlement with the federal government, two states and 30 municipalities to settle legal disputes that began in Jun 1998. Company spokeman Ken Jorgensen said that it had opted to settle largely because of the litigation costs involved. He said that although company officials believed that the firm could have won the disputes in the long run, it did not want to undertake costs involved in another 10 years of legal battles. Jorgensen also noted that other gun makers could join in this agreement reached by Smith and Wesson with the cities and the federal government.

Small Arms Manufacturing, Small Arms

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Feds may have tried to bend law for gene map

Article Abstract:

Critics say that the National Institutes of Health (NIH) attempted to bypass laws when it and a UK charity secretly tried to enlist biotechnology firm Incyte Pharmaceuticals to complete the $3-billion International Human Genome Project. Federal laws require federal agencies to place contracts with private firms up for public bidding. The NIH has been losing ground against Celera Genomics of Rockville, MD, in a bitter two-year battle to complete the human genetic blueprint. Scientists predict that the first group to complete the blueprint will win the Nobel Prize and a place in world history.

Scientific Research and Development Services, Research & Development-Government

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Nike sued over Woods-endorsed golf balls

Article Abstract:

Non-profit group Public Remedies has sued Nike for advertising Tiger Woods-endorsed "Nike Tour Accuracy" golf balls while selling to the public balls that are unlike the customized balls which Woods uses. Nike admitted that Woods uses balls that have a slightly firmer inner and outer core. A Nike marketing official said it is common industry practice to sell products to the public that are different from what the pros use. Public Remedies accused Nike of unfair business practices.

Sporting and Athletic Goods Manufacturing, Golf Balls, Nike INc.

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