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High Court Declines to Hear WorldCom Lawsuit
The Supreme Court let stand a lower ruling Monday that said the California Public Employees' Retirement System must proceed with its securities fraud lawsuit on behalf of WorldCom bondholders in federal, rather than state, court since it is "related to" a bankruptcy case. The move is a defeat for CalPERS. The pension fund wants to pursue bondholder-loss claims in plaintiff-friendly state courts, which generally have a lower standard of proof for securities fraud claims.Mont. lawmakers punt on physician-assisted suicide
HELENA, Mont. (AP) - Montana legislators had been asked to choose between two proposed bills in creating a physician-assisted suicide law: Ban the practice altogether or create regulations for doctors and terminally ill patients to follow.Magic Circle Firms Take Lead on Latest ING Sell-Off
Linklaters and Freshfields Bruckhaus Deringer have grabbed roles on the latest divestiture by Dutch financial services giant ING Groep, which announced Tuesday that it will sell a British savings and loan unit to Barclays.A Wary Europe Moves a Step Closer to Class Actions
Defense apprehensions that American plaintiffs lawyers are "exporting" abusive class action habits to Europe may be premature, but 2006 clearly has seen a growing European interest in handling large volumes of similar claims. In a parallel development, while American plaintiffs lawyers advise European policymakers on loosening laws that restrict class actions, they are trying to increase their recoveries in American securities litigation by adding new clients from among European institutional investors.Intervenors Put Brakes on Settlement With Automaker
A Texas judge has vacated an order that gave preliminary approval to a proposed settlement that was protested by 29 firms involved in other class actions filed after Hyundai Motor America admitted that it overstated horsepower ratings on several of its vehicles. The settlement would have provided coupons to buyers of vehicles with misstated ratings as well as $2 million for the attorneys who negotiated the deal.View more book results for the query "*"
Sedgwick, Detert, Moran & Arnold Opens Houston Office
San Francisco-based Sedgwick, Detert, Moran & Arnold — with a new office in Houston — now has three Texas offices.Bar Counsel Calls for Suspension of Howes
The D.C. Bar Counsel is recommending that former federal prosecutor G. Paul Howes be suspended for at least two years from practicing law in the District for his misconduct in a witness payment scandal.Cite as: In Re Wachovia Equity Securities Litigation, 08 Civ. 6171 (RJS), NYLJ 1202489220302, at *1 (SDNY, Decided March 31, 2011)District Judge Richard J. Sull
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