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
8
Illinois High Court Affirms Trial Court’s Dismissal Of Claims Over Site Conditions
March 8, 2012 | Leave a Comment
SPRINGFIELD, Ill. – The Illinois Supreme Court on Feb. 2 unanimously affirmed a trial court’s dismissal of an environmental group’s claims that ExxonMobil Coal USA was in violation of the Surface Coal Mining Land Conservation and Reclamation Act (SCMLCRA) and Water Use Act of 1983 for site conditions at one of its mines because the [...]
Jul
23
Wells Fargo To Pay Federal Reserve Board $ 85M Over Subprime Loan Issuance Scheme
July 23, 2011 | Leave a Comment
WASHINGTON, D.C. – Wells Fargo & Co. on July 20 agreed to pay $ 85 million to the Federal Reserve Board to resolve claims that one of its defunct subsidiaries and several of its employees altered or falsified customer income documents in an effort to steer them into subprime mortgage loans even though they may [...]
May
27
Amicus Parties Battle In State’s Top Court Over Statute Of Limitations
May 27, 2011 | Leave a Comment
SAN FRANCISCO – Plaintiffs in separate action and a defense counsel advocacy group recently briefed the California Supreme Court on whether delayed discovery or the continuing violation doctrine tolls the unfair competition law (UCL)’s statute of limitations (Jamshid Aryeh v. Canon Business Solutions Inc., No. S184929, Calif. Sup.; See February 2011, Page 5). Full story [...]
May
24
3rd Circuit Says Insurers Have Standing In Dispute Over Silica-Related Liabilities
May 24, 2011 | Leave a Comment
PHILADELPHIA – The Third Circuit U.S. Court of Appeals, in a divided en banc opinion, on May 4 held that insurers have standing to challenge the confirmed Chapter 11 plan of reorganization of Global Industries Technologies Inc. (GIT) and remanded the case for a Pennsylvania federal bankruptcy court to determine the legitimacy of a trust [...]