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W.R. Grace and five former executives are accused of exposing thousands of people to deadly asbestos particles via Grace's mining operations near Libby, Montana. Can Kirkland's David Bernick successfully defend the company from what's been called the most significant criminal case ever filed against a polluter?
Judge Rejects SEC Suit Against Former Citigroup Execs
Charges by the SEC that two former Citigroup executives "aided and abetted" their company in a scheme to cheat mutual fund investors of almost $100 million have been dismissed by a federal judge in New York. The judge granted Thomas W. Jones and Lewis E. Daidone's motion for summary judgment, finding that the SEC's actions seeking civil penalties and an injunction against the executives were time-barred. The judge also held that the SEC's request for disgorgement was "not supported by sufficient facts."Plaintiffs in the "no poach" litigation against tech behemoths including Google Inc. and Apple Inc. suffered a setback Friday when they lost their bid for class certification.
In two separate rulings this week, federal district court judges in North Carolina called a halt to federal suits blaming Blackwater for the deaths of employees and civilians in Iraq. Plaintiffs lawyers in the two cases, however, had very different reactions to the rulings.
Lead counsel from Grant & Eisenhofer and Bernstein Litowitz say the request amounts to a 22 percent discount on their hourly fees in the five-year-old case.
Plaintiffs lawyers at Wolf Haldenstein worked quickly to undo the damage after a San Francisco federal judge ruled last year that iPhone customers must arbitrate antitrust claims against Apple and AT&T Mobility. But it's looking increasingly unlikely that they'll be able to salvage the five-year-old case.
Chancellor Chandler was certainly familiar with Dow's off-again, on-again acquisition of Rohm & Haas: He oversaw last year's litigation between the two companies. Shareholders alleged Dow insiders botched the deal. Chandler disagreed.
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