Business

Former executive Highland Capital Management LP Patrick Daugherty said in an interview that he was disappointed with the outcome of the verdict of the jury regarding his case against his former employer. The two parties had been locked in a four-week battle over charges that range from defamation and compensation disputes.

Judge Brian Martinotti in Hackensack gave his preliminary approval for Merck & Co to settle lawsuits filed against them over the safety of its contraceptive product provided that 95% of the plaintiffs agree with the offer.

Judge Jose Castro has formally named Princess Cristina of Spain a primary suspect in tax fraud and money-laundering. The youngest daughter of King Juan Carlos and her husband has been accused of using company funds to support their lavish lifestyle.