The U.S. Supreme Court likely ignited an intense battle in state and federal courts with its decision Tuesday that class arbitration may not be imposed on parties who have not agreed to it. F. Paul Bland of public interest law firm Public Justice predicted that “within a week” defendants in more than 100 class action arbitration cases will seek supplemental briefing to argue that all state laws that have been used to strike down bans on class arbitrations are now pre-empted by the high court’s ruling.
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Senators from both sides of the aisle expressed emotions ranging from disgust to utter frustration Tuesday as they grilled current and former employees of Goldman Sachs over the company’s dealings leading up to the national financial crisis. Some senators compared Goldman Sachs employees to Las Vegas gamblers playing risky games using taxpayers’ money. Summoned to answer questions about Goldman’s role in the crisis, company executives claimed they may have made some bad judgments, but had done nothing illegal or unethical.
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Mayer Brown Not Liable for Losses of Refco Investors, 2nd Circuit Decides
28 Apr
Posted by admin as News
Secondary actors such as attorneys can only be held liable for false statements in private damages actions under the securities laws if the statements are attributable to them at the time they are disseminated, a federal appeals court decided Tuesday. Ruling in a civil suit brought against Mayer Brown and former partner and now prison inmate Joseph Collins in connection with the Refco securities fraud and financial meltdown, the 2nd Circuit rejected civil liability for both.
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Mayer Brown Not Liable for Losses of Refco Investors, 2nd Circuit Decides
28 Apr
Posted by admin as News
Secondary actors such as attorneys can only be held liable for false statements in private damages actions under the securities laws if the statements are attributable to them at the time they are disseminated, a federal appeals court decided Tuesday. Ruling in a civil suit brought against Mayer Brown and former partner and now prison inmate Joseph Collins in connection with the Refco securities fraud and financial meltdown, the 2nd Circuit rejected civil liability for both.
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Mayer Brown Not Liable for Losses of Refco Investors, 2nd Circuit Decides
28 Apr
Posted by admin as News
Secondary actors such as attorneys can only be held liable for false statements in private damages actions under the securities laws if the statements are attributable to them at the time they are disseminated, a federal appeals court decided Tuesday. Ruling in a civil suit brought against Mayer Brown and former partner and now prison inmate Joseph Collins in connection with the Refco securities fraud and financial meltdown, the 2nd Circuit rejected civil liability for both.
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Attorney Leonard Deutchman puts two decisions — Pension Committee and Rimkus Consulting, which gauged the relevance of e-discovery data lost by the producing party in terms of the prejudice to the requesting party — in the context of unfolding e-discovery jurisprudence.
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Attorney Leonard Deutchman puts two decisions — Pension Committee and Rimkus Consulting, which gauged the relevance of e-discovery data lost by the producing party in terms of the prejudice to the requesting party — in the context of unfolding e-discovery jurisprudence.
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Senators from both sides of the aisle expressed emotions ranging from disgust to utter frustration Tuesday as they grilled current and former employees of Goldman Sachs over the company’s dealings leading up to the national financial crisis. Some senators compared Goldman Sachs employees to Las Vegas gamblers playing risky games using taxpayers’ money. Summoned to answer questions about Goldman’s role in the crisis, company executives claimed they may have made some bad judgments, but had done nothing illegal or unethical.
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In a rare boost for securities fraud class actions, the Supreme Court on Tuesday closed off a statute of limitations defense for Merck & Co. in its battle against Vioxx-related shareholder suits. Plaintiffs and shareholder groups applauded the decision for sweeping away a morass of conflicting lower-court decisions on statute of limitations rules and finding that the clock should start ticking only after plaintiffs discover the facts of the fraud violation — including whether the company intended to defraud investors.
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Federal prosecutors charged Tuesday that former law firm chief operating officer Debra Villegas helped attorney Scott Rothstein pull off a massive fraud and reaped the financial rewards of his $1.2 billion Ponzi scheme in the form of a home purchased for $100 and a Maserati sports car. “There are going to be more to follow, that’s for sure,” says an attorney who represents some of Rothstein’s alleged victims. “I think she is the lowest of the low-hanging fruit, and they are going to be working their way up the letterhead.”
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Mayer Brown Not Liable for Losses of Refco Investors, 2nd Circuit Decides
28 Apr
Posted by admin as News
Secondary actors such as attorneys can only be held liable for false statements in private damages actions under the securities laws if the statements are attributable to them at the time they are disseminated, a federal appeals court decided Tuesday. Ruling in a civil suit brought against Mayer Brown and former partner and now prison inmate Joseph Collins in connection with the Refco securities fraud and financial meltdown, the 2nd Circuit rejected civil liability for both.
No tags for this post.Related posts
Senators from both sides of the aisle expressed emotions ranging from disgust to utter frustration Tuesday as they grilled current and former employees of Goldman Sachs over the company’s dealings leading up to the national financial crisis. Some senators compared Goldman Sachs employees to Las Vegas gamblers playing risky games using taxpayers’ money. Summoned to answer questions about Goldman’s role in the crisis, company executives claimed they may have made some bad judgments, but had done nothing illegal or unethical.
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Federal prosecutors charged Tuesday that former law firm chief operating officer Debra Villegas helped attorney Scott Rothstein pull off a massive fraud and reaped the financial rewards of his $1.2 billion Ponzi scheme in the form of a home purchased for $100 and a Maserati sports car. “There are going to be more to follow, that’s for sure,” says an attorney who represents some of Rothstein’s alleged victims. “I think she is the lowest of the low-hanging fruit, and they are going to be working their way up the letterhead.”
No tags for this post.Related posts
Mayer Brown Not Liable for Losses of Refco Investors, 2nd Circuit Decides
28 Apr
Posted by admin as News
Secondary actors such as attorneys can only be held liable for false statements in private damages actions under the securities laws if the statements are attributable to them at the time they are disseminated, a federal appeals court decided Tuesday. Ruling in a civil suit brought against Mayer Brown and former partner and now prison inmate Joseph Collins in connection with the Refco securities fraud and financial meltdown, the 2nd Circuit rejected civil liability for both.
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Drug maker AstraZeneca has agreed to pay $520 million to settle federal whistleblower lawsuits that accused the company of engaging in illegal tactics — including kickbacks to doctors — to promote “off-label” uses for its anti-psychotic drug Seroquel. The settlement is the largest amount ever paid by a company in a civil-only settlement of off-label marketing claims. The federal government will receive $302 million, and states will share up to $218 million.
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Federal prosecutors charged Tuesday that former law firm chief operating officer Debra Villegas helped attorney Scott Rothstein pull off a massive fraud and reaped the financial rewards of his $1.2 billion Ponzi scheme in the form of a home purchased for $100 and a Maserati sports car. “There are going to be more to follow, that’s for sure,” says an attorney who represents some of Rothstein’s alleged victims. “I think she is the lowest of the low-hanging fruit, and they are going to be working their way up the letterhead.”
No tags for this post.Related posts
Federal prosecutors charged Tuesday that former law firm chief operating officer Debra Villegas helped attorney Scott Rothstein pull off a massive fraud and reaped the financial rewards of his $1.2 billion Ponzi scheme in the form of a home purchased for $100 and a Maserati sports car. “There are going to be more to follow, that’s for sure,” says an attorney who represents some of Rothstein’s alleged victims. “I think she is the lowest of the low-hanging fruit, and they are going to be working their way up the letterhead.”
No tags for this post.Related posts
Senators from both sides of the aisle expressed emotions ranging from disgust to utter frustration Tuesday as they grilled current and former employees of Goldman Sachs over the company’s dealings leading up to the national financial crisis. Some senators compared Goldman Sachs employees to Las Vegas gamblers playing risky games using taxpayers’ money. Summoned to answer questions about Goldman’s role in the crisis, company executives claimed they may have made some bad judgments, but had done nothing illegal or unethical.
No tags for this post.Related posts
Senators from both sides of the aisle expressed emotions ranging from disgust to utter frustration Tuesday as they grilled current and former employees of Goldman Sachs over the company’s dealings leading up to the national financial crisis. Some senators compared Goldman Sachs employees to Las Vegas gamblers playing risky games using taxpayers’ money. Summoned to answer questions about Goldman’s role in the crisis, company executives claimed they may have made some bad judgments, but had done nothing illegal or unethical.
No tags for this post.Related posts
Mayer Brown Not Liable for Losses of Refco Investors, 2nd Circuit Decides
28 Apr
Posted by admin as News
Secondary actors such as attorneys can only be held liable for false statements in private damages actions under the securities laws if the statements are attributable to them at the time they are disseminated, a federal appeals court decided Tuesday. Ruling in a civil suit brought against Mayer Brown and former partner and now prison inmate Joseph Collins in connection with the Refco securities fraud and financial meltdown, the 2nd Circuit rejected civil liability for both.
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- High Court Ruling May Fuel Battle Over Class Arbitration
- Senators Express Disgust, Anger as Goldman Execs Squirm
- Mayer Brown Not Liable for Losses of Refco Investors, 2nd Circuit Decides
- Mayer Brown Not Liable for Losses of Refco Investors, 2nd Circuit Decides
- Mayer Brown Not Liable for Losses of Refco Investors, 2nd Circuit Decides