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November 14, 2002 | Law.com

Fighting to Preserve $500M Award Against Exxon

Attorney Eugene Stearns, representing 10,000 gas station owners in a class action against ExxonMobil Corp., urged the 11th U.S. Circuit Court of Appeals on Tuesday to uphold a $500 million jury award he won against the oil giant. Exxon is asking the court to overturn the award and decertify the class. In 2001, a jury found Exxon had secretly overcharged its gas station dealers over the course of 12 years.
5 minute read
July 30, 2009 | Law.com

UBS Attorney Says Settlement Is Near in Massive Tax Dispute, but IRS Not Convinced

Attorneys for Swiss banking giant UBS and the U.S. Justice Department differed Wednesday on how close they are to settling a dispute over an IRS demand for 52,000 names of American account holders who may have skimped on their taxes. Bank attorney Eugene Stearns, of Stearns Weaver, told Judge Alan S. Gold he felt a settlement between the Swiss and U.S. governments could be "minutes away." But Stuart Gibson, an Assistant U.S. Attorney representing the IRS, said he wasn't optimistic a settlement could be reached.
4 minute read
September 12, 2001 | Law.com

Plaintiffs in ExxonMobil Class Action Protest Judge's Handling of Jury Award

It's been seven months since a federal jury in Miami awarded $500 million to thousands of gas station owners in a breach-of-contract class action suit against ExxonMobil Corp. But it could be years before the plaintiffs ever see a penny. Plaintiffs say that the procedures set by the judge to allow owners to claim their part of the verdict are too cumbersome. Both sides are seeking review by the 11th U.S. Circuit Court of Appeals.
6 minute read
November 30, 2000 | Law.com

A Generic Poster Child

Drug manufacturers Bristol-Myer and Ivax have been waging a long legal battle over the cancer drug Taxol. The fight typifies the complicated regulatory issues involving the pharmaceutical industry, which are further complicated by intellectual property laws. But the huge market for generic drugs means the financial stakes are high, and the lawsuits can drag on for years.
12 minute read
May 31, 2001 | Law.com

Labor Pains

As a "right-to-work" state, Florida has never been a hotbed of union activity. But the climate is changing. In the last several years, despite national trends, Florida has seen a proliferation of organizing efforts. That means more business for law firms representing companies trying to ward off unionization and for the generally smaller firms representing workers and unions.
8 minute read
November 18, 2010 | Daily Business Review

Jury: BankAtlantic misled investors

BankAtlantic Bancorp misled investors about its banking subsidiary's financial health as South Florida's commercial real estate market headed downhill in the recession, a Miami federal jury found today in a shareholder class action. The verdict could be a harbinger for financial institutions around the nation, which, like BankAtlantic Bancorp, rode the real estate wave until it crashed.
6 minute read
February 07, 2005 | National Law Journal

High court to weigh class action 'reform'

As Congress once again prepares to alter the nation's class action landscape, the Supreme Court shortly will consider another type of class action reform in two challenges with potentially huge implications for the litigation of multiparty actions in federal court.
5 minute read
October 10, 2011 | Daily Business Review

Justice Watch: Shareholder suits getting tougher to win

Shareholders are still trying to hold corporate executives accountable for alleged misrepresentations in securities fraud class actions. But there is a strong headwind against them.
6 minute read
December 27, 2011 | Daily Business Review

Ponzi scamster Scott Rothstein says Coral Gables-based Gibraltar complied with scheme

Imprisoned attorney Scott Rothstein claims Gibraltar Private Bank & Trust helped him out with his fraud, and a senior vice president got the perks to prove it.
5 minute read
March 30, 2007 | National Law Journal

Award Reversed Because Lawyer-Juror Hid Accident Claim

A Florida appeals panel unanimously reversed a $450,000 auto negligence verdict this week because the jury forewoman, a shareholder at a major Miami law firm, hid pertinent personal information during voir dire. According to the opinion, Lisa Berg, a lawyer at Stearns Weaver, did not respond when prospective jurors were asked if they had ever sought medical treatment due to an accident. But it later was discovered that Berg had collected more than $4,000 on an insurance claim stemming from an auto injury.
4 minute read

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