August 12, 2010 | Corporate Counsel
$125 Million Shareholder Settlement in New Century Financial CollapseA federal judge in Los Angeles has granted preliminary approval of a $125 million shareholder settlement involving the former directors and officers of New Century Financial Corp., one of the first mortgage lenders to collapse during the credit crisis.
By Amanda Bronstad
2 minute read
August 20, 2009 | Law.com
SEC Trots Out a New Weapon: Control Person LiabilityThe case against Nature's Sunshine Products was the first action under the Foreign Corrupt Practices Act in which the SEC charged individuals under the Exchange Act's control liability theory, according to Philip Urofsky, a former federal prosecutor of FCPA claims who now is a Shearman & Sterling partner. Urofsky, who recently issued a client memorandum about the case, talked to The National Law Journal about how the SEC's interpretation broadens the scope of corporate officers' potential liability under the FCPA.
By Amanda Bronstad
7 minute read
October 02, 2009 | New York Law Journal
Executive's Statements to Employer's Lawyer Not Privileged, Court SaysBy Amanda Bronstad
3 minute read
February 18, 2010 | National Law Journal
Redbox settles antitrust case with Warner; two suits remain pendingRedbox Automated Retail LLC, which rents DVDs for $1 per night through red kiosks placed in stores, has dropped its antitrust suit against Warner Bros. Home Entertainment Group after reaching a settlement with the studio. Under the settlement, Redbox will offer Warner DVDs to customers 28 days after the studio makes the new releases available to the public.
By Amanda Bronstad
3 minute read
August 08, 2011 | The American Lawyer
U.S. Government Hits Pause Button in Extradition of Thai Bribery SuspectsThe Department of Justice has agreed to stall attempts to extradite a former government official in Thailand and her daughter while they argue for dismissal of criminal charges tied to a Foreign Corrupt Practices Act case against a Hollywood film producer and his wife, The National Law Journal reports.
By Amanda Bronstad
4 minute read
May 31, 2007 | Law.com
401(k) Fee Suits Over High Cost to Employees on the RiseLitigation concerning excessive administrative fees charged to employees by their 401(k) plans is heating up. Some suits have focused on undisclosed fees charged for mutual funds or annuities. Still others challenge the prudence of employers that invest in funds that charge high fees, even if they're fully disclosed. A claim for excessive fees in 401(k) plans is "like the newest toy in the toy box" for the plaintiffs bar, says Gregory Ash, an attorney who is defending companies against such suits.
By Amanda Bronstad
6 minute read
November 02, 2006 | Law.com
Video Web Sites Download a DefenseUniversal Music Group's recent copyright infringement suits against two video-sharing Web sites have fueled speculation that Hollywood could face a repeat of the litigation war against the once-popular music Web sites Napster and Grokster. But the court battles won't be the same -- copyright lawyers on both sides said they face different arguments. Even with content deals and quick removal of copyrighted material used without permission, the new video-sharing sites still face challenges in court.
By Amanda Bronstad
8 minute read
April 07, 2011 | National Law Journal
Don't Ask, Don't Tell Appeal attract amiciGay rights and legal organizations and a group of churches have filed amicus briefs urging a federal appeals court to uphold a Sept. 9 ruling striking down Don't Ask, Don't Tell as unconstitutional.
By Amanda Bronstad
3 minute read
March 30, 2009 | The Recorder
Law Firms Flock to L.A.In spite of the financial crisis, at least eight firms have opened offices in the Los Angeles area in the last eight months.
By Amanda Bronstad
8 minute read
September 13, 2011 | Legaltech News
A Timely Warning to Employees About Social MediaOne day after Steve Jobs resigned as CEO of Apple, a startup called OfficeLeaks.com issued a press release claiming an anonymous Apple employee had reported the rumor of Jobs' departure Aug. 2 on its website. Sandra Jezierski, of Nilan Johnson Lewis, talks about OfficeLeaks and warns employees to be aware of the risks they face on social media sites.
By Amanda Bronstad
6 minute read
Trending Stories