Dec
31
Settlement Money To Be Distributed In Wal-Mart Gender Discrimination Suit
December 31, 2011 | Leave a Comment
LONDON, Ky. – More than 1,300 women who were denied employment at a Wal-Mart Stores Inc. distribution center will receive payments ranging from $ 2,000 to $ 52,500 under a settlement of gender discrimination claims brought by the U.S. government more than 10 years ago, according to a Dec. 20 order approving a final notice [...]
Dec
28
E*TRADE Announces $ 79M Settlement Of Subprime Claims In Securities Suit
December 28, 2011 | Leave a Comment
NEW YORK – E*TRADE Financial Corp. has agreed to a $ 79 million settlement with investors to settle claims that it misrepresented the risk associated with its investment in subprime mortgage-backed securities in violation of federal securities laws, according to a Securities and Exchange Commission Form 8-K filed by E*TRADE on Dec. 21 (Larry Freudenberg [...]
Dec
25
Countrywide Agrees To Pay $ 335M To Settle Government’s Discriminatory Lending Claims
December 25, 2011 | Leave a Comment
LOS ANGELES – Countrywide Financial Corp. has agreed to pay $ 335 million to settle claims by the U.S. government that the lender and its subsidiaries engaged in discriminatory lending practices by steering African-American and Hispanic borrowers toward subprime mortgage loans with higher interest rates and fees, the U.S. Department of Justice announced Dec. 21 [...]
Dec
22
Supreme Court Sets Argument Dates For Health Care Act Cases
December 22, 2011 | Leave a Comment
WASHINGTON, D.C. – The U.S. Supreme Court on Dec. 19 scheduled oral arguments over three days in March for challenges to the Patient Protection and Affordable Care Act (PPACA) (Florida, et al. v. Department. of Health and Human Services, et al., No. 11-400 U.S. Sup.; Department of Health and Human Services, et al. v. Florida, [...]
Dec
19
Parties In Defective Chinese Drywall Litigation Propose Class Action Settlement
December 19, 2011 | Leave a Comment
NEW ORLEANS – Parties in the Chinese drywall multidistrict litigation in a Louisiana federal court on Dec. 15 announced a proposed class action settlement that would potentially resolve thousands of claims involving defective drywall manufactured by Knauf Plasterboard Tianjin (KPT) (In re: Chinese-Manufactured Drywall Products Liability Litigation, No. 2:09md02047, E.D. La.). LexisNexis® Mealey’s™ Daily Legal [...]
Dec
16
Out-Of-State Employees’ Competition Law Claims Can Proceed, 9th Circuit Says
December 16, 2011 | Leave a Comment
SAN FRANCISCO – Out-of-state employees who worked in California may proceed with claims under California’s labor code and unfair competition law (UCL) but not with claims seeking to apply those laws to work done outside the state, the Ninth Circuit U.S. Court of Appeals held Dec. 13 (Donald Sullivan, Deanna Evich, Richard Burkow v. Oracle [...]
Dec
13
9th Circuit Affirms Judgment Against Claimants In CARDS Case
December 13, 2011 | Leave a Comment
SAN FRANCISCO – The parol evidence rule applied to exclude evidence of alleged misrepresentations made by a bank prior to the execution of a credit agreement in a case brought by purchasers of a financial product known as Custom Adjustable Rate Debt Structure (CARDS) against the bank and a financial services company, the Ninth Circuit [...]
Dec
10
Patentability Of Medical Treatment Claims Debated Before Supreme Court
December 10, 2011 | Leave a Comment
WASHINGTON, D.C. – One year after vacating and remanding a Federal Circuit U.S. Court of Appeals determination that medical treatment protocol steps are patentable, the U.S. Supreme Court heard oral argument on Dec. 7 in the same case (Mayo Collaborative Services and Mayo Clinic Rochester v. Prometheus Laboratories Inc., No. 10-1150, U.S. Sup.). LexisNexis® Mealey’s™ [...]
Dec
7
U.S. Supreme Court Won’t Review Liability Expansion In False Claim/Kickbacks Case
December 7, 2011 | Leave a Comment
WASHINGTON, D.C. – The U.S. Supreme Court said Dec. 5 that it will not review a federal appeals court ruling that found that an orthopedic device company could be sued for false claims and kickbacks based on certification by health care providers that they comply with federal regulations (Blackstone Medical, Inc. v. United States of [...]
Dec
4
Judge Grants Preliminary Approval Of $ 145M Settlement In Securities Class Action
December 4, 2011 | Leave a Comment
PHOENIX – A federal judge in Arizona on Nov. 29 preliminarily approved a $ 145 million settlement between shareholders and Apollo Group Inc. and certain of its executive officers to end the long-running securities class action lawsuit (In re Apollo Group, Inc. Securities Litigation, No. 04-2147, D. Ariz.). LexisNexis® Mealey’s™ Daily Legal News