Something for Everyone in $25M Verdict Against Leaf Tobacco Merchant
There was a little something for both plaintiffs and defense attorneys in a $25 million jury award Tuesday against Universal Corp., one of the world's largest leaf tobacco merchants. The plaintiffs' side touted the verdict as the largest ever issued by a Madera County, Calif., jury. The defense noted the relatively low compensatory damages, totaling just $200,000. The suit accused Universal of retaliating against employees for tipping off police and insurance investigators about suspected fraud.Yahoo Investors Take Stock After GC Sells $2 Million in Shares
Stock sales totaling more than $232 million by general counsel Michael Callahan and other top executives concern investors as the search engine struggles to compete against rivals Google and Microsoft.Role of the Event Study in Loss Causation Analysis
Lawyers and courts increasingly focused on proper methodology for determining whether investor losses are caused by fraudBank of America Settles Securities Class Action Over Merrill Lynch Acquisition for $2.4 Billion
Bank of America Corp. has agreed to pay $2.43 billion to settle alleged federal securities law violations in Bank of America's acquisition of Merril Lynch & Co. Inc. in 2009.Monsanto Sued Over Genetically Modified Wheat
A Kansas wheat farmer has sued Monsanto Co. alleging gross negligence after the U.S. Department of Agriculture confirmed that the company's genetically modified wheat had escaped containment and been found growing in a field in Oregon.Federal Judge Certifies Class Action ERISA Suit Against Comcast
A federal judge has certified a class action ERISA suit against Comcast in which employees of the cable TV giant claim they suffered losses in the company stock fund because it was heavily invested in Comcast stock during a period when its price was falsely and knowingly inflated by company executives. Nearly identical accusations were lodged in an unsuccessful securities fraud suit by outside investors. Now, the judge from that case has ruled that similar claims by employees are subject to a less exacting standard.Lessons Learned From WikiLeaks: How to Avoid Becoming the Next Target
Every in-house lawyer is now familiar with (and somewhat terrified of) WikiLeaks. Here are ways they can keep the bull's-eye off their company's back ...• ALSO SEE: Pfizer CEO Out, Now WikiLeaks Chiming In • WikiLeaks Cyberbrawl: Is This Amateur Hour? • Visit Corporate Counsel's WikiLeaks CenterCyberattack Case Could Test Limits on Electronic Searches
The high-profile prosecution of 14 people accused in a cyberattack on PayPal has ground to a standstill over the handling of computers seized in the investigation. The question of how to segregate and purge extraneous material could derail the case and test the limits judges place on electronic searches.D.C. Lawyers Hesitant to Cross IP Community in Ink Case
When Independent Ink President Barry Brucker went looking for a Supreme Court specialist in D.C. to represent his company in a high-stakes intellectual property and antitrust case, he was stunned by how hard it was to find one willing to take on his case and go up against an IP community solidly arrayed against him. In "a broken record of paranoia," lawyer after lawyer told him that opposing the patent holders' position "would not be looked on favorably by my client base," Brucker quotes them as saying.Trending Stories
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