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Barclays Agrees to Pay $360 Million for Manipulating Interest Rates
The London-based bank will pay $200 million to resolve the Commodity Futures Trading Commission's civil case and $160 million to settle the Justice Department's fraud case. It will pay another $93 million to resolve charges brought by regulators in the United Kingdom.Bank of America's acquisition of Merrill Lynch has sparked 160 shareholder lawsuits. Not surprisingly, the competition for lead plaintiff and lead counsel positions is attracting some heavy hitters.
Not only was a high-stakes case against Panasonic, Toshiba, and SanDisk dismissed with prejudice, but the judge rejected an interpretation of time limits for antitrust claims that spelled trouble for defendants in other consumer class actions.
Contingency cases buoy Boies Schiller
David Boies makes it out to Las Vegas a few times a year. In February he checked into the Encore, the newest hotel developed by Steve Wynn a client on the Strip. Boies had some legal business in town, but he was mainly there to relax and gamble.Craps is his game. Boies enjoys the social aspect of chatting up fellow gamblers and cheering on the dice roller.A federal judge in Philadelphia allowed class antitrust claims against some of the country's top egg producers to move forward, though she granted motions to dismiss by one producer and an industry trade group.
Resolution Proposed Rule 8a of the Texas Rules of Civil Procedure
So who won a coveted role on the plaintiffs committee that will oversee litigation resulting from the Gulf oil spill? We've got the whole list.
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