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Archive for the ‘Suits and Litigation’ Category

U.S. Plans New Charge in Galleon Insider Case

Thursday, January 7th, 2010

Prosecutors said that they had uncovered additional evidence that Raj Rajaratnam, the billionaire founder of the Galleon Group, reaped $19 million more in illicit profits.

author By ZACHERY KOUWE, source www.nytimes.com

Suit Says 2 Chinese Firms Stole Web-Blocking Code

Thursday, January 7th, 2010

The Chinese government sought to block Web sites that featured pornography and violent matter as well as political and religious content.

author By MICHAEL WINES, source www.nytimes.com

A Supreme Court Victory for Older Workers

Friday, June 20th, 2008

The Supreme Court placed on employers the burden of proving that a layoff or other action that hurts older workers more than others was based not on age but on some other “reasonable factor.”

author By LINDA GREENHOUSE, source www.nytimes.com

Justices Turn Down Appeal by Exxon

Tuesday, June 17th, 2008

Exxon Mobil was seeking to dismiss a lawsuit by 11 Indonesian villagers who accused the company’s security forces of human rights abuses at an Indonesian plant.

author By REUTERS, source www.nytimes.com

Broadcom Co-Founder Pleads Not Guilty

Tuesday, June 17th, 2008

Henry T. Nicholas III, the co-founder of the chip maker Broadcom, pleaded not guilty on Monday to federal drug and securities fraud charges.

author By THE ASSOCIATED PRESS, source www.nytimes.com

Authorities Say Hedge Fund Manager Is on the Run

Tuesday, June 17th, 2008

The U.S. Marshal said that investigators now consider the case of Samuel Israel III, whose car was found abandoned on a New York bridge, to be solely a fugitive investigation.

author By ABHA BHATTARAI, source www.nytimes.com

Prosecutors Said to Consider Charges in Bear Funds Case

Tuesday, June 17th, 2008

The charges of securities fraud would represent the first criminal case against two former managers of two Bear Stearns hedge funds that collapsed a year ago.

author By LOUISE STORY, source www.nytimes.com

Big Penalty Set for Law Firm, but Not a Trial

Tuesday, June 17th, 2008

The law firm known as Milberg, once a scourge of corporate America, agreed to the settlement to avoid a criminal trial, ending a seven-year investigation.

author By JONATHAN D. GLATER, source www.nytimes.com

Bankrupt Airline Sues FedEx Corp.

Thursday, June 12th, 2008

ATA Airlines is suing FedEx over its decision to drop the airline from its military charter team, a move ATA says forced it into bankruptcy protection and left it financially destroyed.

author By THE ASSOCIATED PRESS, source www.nytimes.com

Discover Is Seeking $6 Billion From Rivals

Tuesday, June 10th, 2008

The claim for damage against larger rivals Visa and MasterCard was cited in court papers that had been kept confidential in the antitrust case, first filed four years ago.

author By REUTERS, source www.nytimes.com

Gadfly, Contending Price Fixing, Sues OPEC

Tuesday, June 10th, 2008

Larry Klayman, a lawyer and conservative gadfly, filed a federal lawsuit in Miami accusing the Organization of Petroleum Exporting Countries of price fixing.

author By DAMIEN CAVE, source www.nytimes.com

Justices to See Philip Morris Case a Third Time

Tuesday, June 10th, 2008

The Supreme Court will review for the third time the case of a longtime smoker who died from lung cancer.

author By LINDA GREENHOUSE, source www.nytimes.com

Yahoo Shareholders Seek Repeal of Severance Plan

Tuesday, June 10th, 2008

An employee severance plan put in place by Yahoo to protect workers after a merger with Microsoft could skew the outcome of a proxy battle, a lawsuit says.

author By MIGUEL HELFT, source www.nytimes.com

Mukasey Declines to Create a U.S. Task Force to Investigate Mortgage Fraud

Saturday, June 7th, 2008

The attorney general said he was confident that the current approach of using local prosecutors’ offices to oversee separate F.B.I. investigations was adequate.

author By ERIC LICHTBLAU, source www.nytimes.com

Los Angeles Sues Time Warner Cable

Saturday, June 7th, 2008

The suit brought by the city of Los Angeles says that the company has subjected subscribers to delayed repair appointments, deceptive pricing and Internet outages.

author By REBECCA CATHCART, source www.nytimes.com

Dealbook: Secret Life of a Deal

Tuesday, June 3rd, 2008

Two of Dow Chemical’s top executives worked on a $50 billion takeover of their company last year, behind the backs of the company’s chief executive and board.

author By ANDREW ROSS SORKIN, source www.nytimes.com

Dealbook: Secret Life of a Deal

Tuesday, June 3rd, 2008

Two of Dow Chemical’s top executives worked on a $50 billion takeover of their company last year, behind the backs of the company’s chief executive and board.

author By ANDREW ROSS SORKIN, source www.nytimes.com

Tavern on the Green to Pay $2.2 Million to Settle Harassment Claim

Tuesday, June 3rd, 2008

The Equal Employment Opportunity Commission had accused the restaurant of “severe and pervasive” harassment of female, black and Hispanic employees.

author By STEVEN GREENHOUSE and DAVID GIAMBUSSO, source www.nytimes.com

No Ruling Means No Change for Fantasy Baseball Leagues

Tuesday, June 3rd, 2008

Major League Baseball’s effort to maintain exclusive control of its players’ statistics failed on Monday.

author By LINDA GREENHOUSE, source www.nytimes.com

Class-Action Lawyer Gets 30 Months in Prison

Tuesday, June 3rd, 2008

Melvyn I. Weiss, the prominent class-action lawyer, was sentenced to 30 months in prison by a federal district judge in Los Angeles for his role in concealing illegal kickbacks to plaintiffs.

author By JONATHAN D. GLATER, source www.nytimes.com