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$259M paid for insurance price-fixing suit
A federal judge in Newark, N.J., has approved a $41 million settlement in class litigation alleging price rigging by dozens of industry-leading insurance carriers and brokers, bringing to $259 million the total payments so far.The settlement, approved March 30 by U.S. District Judge Claire Cecchi, is the fourth in the action and resolves claims against 11 defendants, including AIG Inc.RICO Claims Revived In Fight Between Steel Supply Cos.
A steel company's claim that it was harmed by a rival in the steel products trade that opened a competing warehouse with funds gained through tax fraud is enough to satisfy the proximate cause for damages under the Racketeer Influenced and Corrupt Organizations Act, the 2nd U.S. Circuit Court of Appeals ruled Tuesday.View more book results for the query "Related Cos"
Calif. Justices Lean Smokers` Way on Immunity
Tackling a pair of cases with billion-dollar implications, the justices of the California Supreme Court seemed ready to side with sick and dying smokers who say a state law immunizing tobacco companies doesn`t close the door on their claims.Law Firms Wade In as Pension Fights Accelerate
Employees who squirreled away part of their paychecks for retirement, only to have their plans dashed by stock scandals and employer bankruptcies, are boosting business for attorneys scuffling over who is to blame. Whether the actions involve 401(k) plans or traditional pension plans, an increasing number of attorneys are working on cases where a company retirement well has run low. Yet despite the rush of filings, resolution most likely will be slow in this largely untested area of the law.Trending Stories
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