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Case Against 'Goosebumps' Book Publisher May Proceed, 2nd Circuit Rules
The 2nd U.S. Circuit Court of Appeals has reinstated a shareholders' lawsuit that charges Scholastic Corporation misrepresented its financial condition to investors as a top executive cashed in the majority of his shares. The allegations concern Scholastic's popular children's series "Goosebumps," and the company's expansion of its distribution of the series beyond traditional retailers in 1996.Cravath Announces Reduced Bonuses For Junior Lawyers
Cravath Swaine & Moore on Monday announced year-end associate bonuses that for the most junior lawyers were at best half of what they received last year.Milberg Named Co-Counsel in Options Case
Despite its indictment on charges of paying illegal kickbacks to class action plaintiffs, a New York judge said Milberg Weiss can proceed in a consolidated suit over stock options backdating.Huge IPO Case Hits Big Snag at 2nd Circuit
The 2nd Circuit on Tuesday vacated class certification in six key cases in the litigation over dot-com era initial public offerings -- a potentially devastating setback for plaintiffs in the biggest consolidated securities class action in U.S. history. The decision leaves in doubt whether plaintiffs will ever certify a class against IPO underwriters in the more than 300 cases that make up In Re IPO Securities Litigation. It may also help to unravel a pending $1 billion settlement agreement.Immigration Proof Allowed; Dominatrix Mention Denied
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