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Corporate Counsel

Roundup: 2nd, 3rd, 5th and 11th Circuits

Continuing a trend of anti-class action rulings from courts across the country, the 2nd Circuit decertified a class of plaintiffs pursuing a copyright infringement case against Google Inc.
4 minute read

Corporate Counsel

FLSA decision puts C-suite executives on guard

In Irizarry v. Catsimatidis, the 2nd Circuit upheld a district court decision finding that Catsimatidis was an employer within the meaning of the Fair Labor Standards Act (FLSA) and could be held jointly and severally liable for the department managers unpaid wage claims.
11 minute read

Corporate Counsel

Companies look for new ways to control litigation costs

Data from a July 2013 study conducted by Michigan-based consulting firm Alix Partners shows that most companies are still struggling to control litigation spending.
11 minute read

Inside Counsel

NFL settles class action concussion suit for $765 million

The league has agreed to a settlement to put the class action suit to rest, agreeing to pay $765 million for injury settlements and medical benefits for retired players.
4 minute read

Inside Counsel

SEC charges wedding singer in $4.7 million fraud case

An Oklahoma-based wedding singer and former financial adviser has been accused by the Securities and Exchange Commission for swindling clients that gave him a total of least $4.7 million to invest for them.
2 minute read

Inside Counsel

Merrill Lynch settles racial discrimination suit for $160 million

It all began in 2005, when broker George McReynolds accused the then-independent brokerage of giving white brokers the most lucrative accounts, and denying black employees of equal pay and career advancement opportunities.
2 minute read

Inside Counsel

Litigation: Is your new dream job a non-compete nightmare?

Jurisdictions that have ruled on this are uniform in determining that ethics rules prohibit the application of direct non-compete agreements to in-house lawyers with a few caveats.
12 minute read

Inside Counsel

Apple says DOJ’s e-book penalties put it at a disadvantage

Its the second time the Department of Justice has taken a stab at penalizing Apple Inc. for its e-book misdeeds, but the software giant is still crying foul.
6 minute read

Inside Counsel

Legal tabs for U.S. banks surpass $100 billion

The astronomical figure may just be the beginning of a larger discussion that evaluates what exactly the government has done to compensate victims of the financial crisis.
3 minute read

Inside Counsel

BofA’s suit against FDIC thrown out

The Federal Deposit Insurance Corp. (FDIC) can breathe a sigh of relief. On Monday, a judge tossed the suit Bank of America (BofA) filed against the FDIC over $1.7 billion in investor losses.
2 minute read

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