Mar
26
Federal Judge Dismisses Case Against FDIC Arising From Loan Made By Failed Bank
March 26, 2012 | Leave a Comment
RENO, Nev. – A federal judge in Nevada on Feb. 2 granted the Federal Deposit Insurance Corp. and individual defendants’ motion to dismiss a suit arising from a loan plaintiffs took out with failed bank First National Bank of Nevada (FNB) (Parker’s Model T, et al. v. Federal Deposit Insurance Corp., et al., No. 10-00791, [...]
Mar
17
Federal Judge Dismisses Class Action Alleging Bank Allowed Unauthorized Payments
March 17, 2012 | Leave a Comment
LOS ANGELES – A federal judge in California on Feb. 1 dismissed a putative class action accusing Bank of America Co. and an affiliate insurer of pulling money from customers’ bank accounts to pay for insurance policies that customers did not request or approve (Jerome White, et al. v. Bank of America Corp., et al., [...]
Mar
14
Judge: Fraudulent Concealment Claim In Suit Over Faulty Leak Detector Untimely
March 14, 2012 | Leave a Comment
BALTIMORE – A federal judge in Maryland on Feb. 1 awarded summary judgment to ExxonMobil Oil Corp. after finding that a plaintiff company’s fraudulent concealment claim over problems with an electronic line leak detector was barred by Maryland’s three-year statute of limitations (Storto Enterprises Inc. v. ExxonMobil Oil Corporation, et al., No. 10-1630, D. Md.; [...]
Mar
11
New York Federal Judge Denies Class Certification In FMLA Suit Against Verizon
March 11, 2012 | Leave a Comment
NEW YORK – A proposed class of Verizon Communications Inc. employees in a complaint alleging violations of the Family Medical Leave Act (FMLA) does not meet the commonality and typicality requirements for class certification, a New York federal judge held Feb. 1, citing the recent landmark U.S. Supreme Court case Wal-Mart Stores, Inc. v. Dukes [...]
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
Nov
10
Federal Judge Blocks Graphic Warnings For Cigarette Packs
November 10, 2011 | Leave a Comment
WASHINGTON, D.C. – Saying graphic new cigarette pack warnings ordered by the U.S. Food and Drug Administration violate companies’ First Amendment rights by compelling speech, a judge in the U.S. District Court for the District of Columbia issued a preliminary injunction on Nov. 7 halting enforcement of the requirement in a case of first impression [...]
Oct
11
Federal Judge Dismisses Stock-Drop Claims In Lehman ERISA Lawsuit
October 11, 2011 | Leave a Comment
NEW YORK – Lehman Brothers Holding Inc.’s former directors and plan committee members did not breach fiduciary duties under the Employee Retirement Income Security Act by continuing to offer company stock as an investment option for Lehman’s employee stock ownership plan (ESOP) before the company’s declaring bankruptcy, a federal judge in New York ruled Oct. [...]
Sep
14
Judge: Insured May Not Recover $ 25M Settlement Loss From Excess Insurer
September 14, 2011 | Leave a Comment
NEW YORK – A data protection corporation may not recover its losses arising from a $ 25 million class action settlement because it did not comply with its excess insurance policy’s consent-to-settle provision, a New York federal judge ruled Sept. 9 (Federal Insurance Company v. Safenet Inc., et al., No. 09 CV 7863 [NRB], S.D. [...]
Aug
27
Mississippi Judge: B&W Tobacco Must Pay State At Least $ 8.1M
August 27, 2011 | Leave a Comment
PASCAGOULA, Miss. – A Mississippi Chancery Court judge has ordered Brown & Williamson Tobacco Co. (B&W) to pay the state $ 8.1 million, with more likely to come, saying Aug. 24 that the company avoided millions of dollars in payments called for in a four-state settlement with the major tobacco companies by selling cigarettes under [...]
Aug
16
Vioxx MDL Judge Approves $ 315.2M Common Benefit Fees
August 16, 2011 | Leave a Comment
NEW ORLEANS – The Louisiana federal judge overseeing the Vioxx multidistrict litigation on Aug. 9 approved common benefit fee payments totaling $ 315.2 million to 92 plaintiff law firms (In Re: Vioxx Products Liability Litigation, MDL Docket No. 1657, No. 2:05-med-1657, E.D. La.). LexisNexis® Mealey’s™ Daily Legal News