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Judge OKs Majority Of Claims in Egg Price-Fixing MDL
U.S. District Court Judge Gene E.K. Pratter of the Eastern District of Pennsylvania issued a ruling on Tuesday allowing the majority of indirect purchaser claims in the multidistrict class action litigation over alleged price-fixing for eggs and egg products to move forward, marking another setback for the dozen-or-so defendants.Borders files for bankruptcy, will close some stores
Borders Group Inc., the number-two U.S. bookstore chain, filed for bankruptcy in New York today after management changes, job cuts and debt restructuring failed to make up for sagging book sales in the face of competition from Amazon.com Inc. and Wal-Mart Stores Inc.Fortress's lawyers at Kasowitz Benson got their $50 million malpractice case against Dechert past a motion to dismiss. But on Tuesday a New York state appellate panel reversed and threw out the suit, finding that Dechert didn't have a duty to uncover evidence of Marc Dreier's fraud.
Stolt-Nielsen SA, appellants v. Celanese AG, defendants-claimants-appellees
Panel Declines to Decide if FAA Article 7 Authorizes Issuance of Discovery Subpoenas Against Non-PartiesFontainebleau Las Vegas files $3B suit vs. lenders
LAS VEGAS AP - Developers of a $3 billion casino-resort on the Las Vegas Strip are scrambling to keep $800 million in promised funding or find new lenders to save the 3,800-room project and the thousands of jobs it is expected to create.The developers building the Fontainebleau Las Vegas filed a $3 billion lawsuit against 11 lenders late Thursday, saying their project could be doomed after the banks reneged on their promised loans.Passing of the Gavel Judicial Reception
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