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Lawyers Argue For and Against Punitives in Tobacco Case
When Philip Morris Inc.'s attorney offered to pay about $5 million in punitive damages to a woman dying of lung cancer, her lawyer scowled and suggested instead that $115 million would be more like it. "What I asked for is less than 1 percent of their net worth," said plaintiff's attorney Madelyn Chaber. Chaber on Friday delivered an acid-tipped closing argument to the seven-man, five-woman jury winding up the two-month trial in her suit against two tobacco giants.New State Mortgage Laws and Regulations Authorize Private Lawsuits
A wave of state laws and regulations aimed at curbing unsuitable mortgage loans is opening the door to more litigation by allowing borrowers to file lawsuits instead of complaining to regulatory agencies. The laws are also creating compliance work for lawyers assisting national lenders faced with a thicket of new state requirements. The laws, which kick in between January 2007 and early 2008, allow private lawsuits, frequently under state consumer protection or unfair or deceptive acts or practices laws.John Edwards, a Man of Many Lawyers, Shuffles Legal Team Once Again
Accounting Firm Not Liable For $15M-$20M Lost By Investors
When investors rely on financial analyses not meant for them and lose millions as a result, those who draft the analyses aren't always to blame, a Georgia judge ruled. G & W Financial Corp. designed a plan to finance insurance premiums for high-risk drivers and used audits by accounting firm BDO Seidman to drum up capital. But the plan failed, and a class of about 700 investors sued BDO for $15 million to $20 million.First Tobacco Monitoring Case to Reach Trial Falls Short
Big Tobacco won a legal battle Nov. 14 when a West Virginia jury rejected a class action lawsuit that sought to force tobacco companies to provide free medical checkups for a quarter-million smokers. It was the first lawsuit of its kind to be tried in the U.S.; a similar case is pending in Louisiana. An appeal of the West Virginia case is expected.Despite 11th Circuit Ruling, AT&T Vows to Keep Car Logo
When drivers and pit crews check their cars' engines and tires before Sunday's NASCAR event in Michigan, Jeff Burton and his team may be waiting for another new paint job to dry on their No. 31 car. Or maybe not. Despite the fact that AT&T's bid to maneuver around a largely exclusive telecommunications sponsorship deal between Sprint Nextel and NASCAR hit the wall Monday, a company spokesman said Tuesday that AT&T expects its paint scheme to remain on Burton's car.Trending Stories
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