PetroChina Co on Monday
won the dismissal of a US class-action lawsuit arising from an alleged bribery
scheme at China's state-run oil company.
US District Judge Edgardo Ramos in Manhattan dismissed claims by
PetroChina investors who accused the company and various officials, including
former Chairman Jiang Jiemin, of deceiving them about its internal controls and
governance.
JPMorgan, Simpson Sued Over Mistake in GM Loan: Business of
Law
It was only a
matter of time.
One
of the participants in a $1.5 billion term loan that JPMorgan Chase & Co.
made to General Motors Corp. before its bankruptcy is now suing the bank and
its lawyers at Simpson Thacher & Bartlett LLP.
The
reason: a mistake in the recording of the security interest in the loan,
initially made by an associate at Mayer Brown LLP but not caught by those
reviewing the documents at both JPMorgan and Simpson Thacher. That mistake
eradicated the security interest that would have paid the loan in full despite
the carmaker’s bankruptcy in 2009.
The
Employees’ Retirement System of the City of Montgomery, Alabama, filed a class
action on July 30 in federal court in Manhattan against the bank and Simpson
Thacher. The pension fund wants to represent what it says are 400 participants
in the term loan.
Action 9 investigates claims against impotence clinic
An Orange
County man claims an impotence clinic charged him
thousands for prescription treatments that failed.
The Men's Medical Clinic has dozens of complaints against it, and it was just sued by the Massachusetts attorney general for deceptive sales.
Action 9's Todd Ulrich found the clinic’s founder has been in trouble with Florida regulators before.
The Men's Medical Clinic has dozens of complaints against it, and it was just sued by the Massachusetts attorney general for deceptive sales.
Action 9's Todd Ulrich found the clinic’s founder has been in trouble with Florida regulators before.
An advertisement for Men's
Medical Clinic claimed it offers 180 different prescription blends for erectile
dysfunction.
Securities Class Action Filings Remain Below Historical
Average
Plaintiffs brought 85 new federal class action
securities cases in the first half of 2015, according to Securities Class
Action Filings—2015 Midyear Assessment, a report compiled by Cornerstone
Research and the Stanford
Law School Securities Class Action Clearinghouse. This represents a
decrease from the second half of 2014, when plaintiffs filed 92 securities
class actions. The number of filings in the first six months of 2015 remains
10 percent below the semiannual average of 94 observed between 1997 and
2014 – the seventh consecutive semiannual period below the historical average.
Despite this period of little overall
change in filing activity, securities class actions against companies
headquartered outside the United States increased in the first half of 2015.
Twenty filings, or 24 percent of the total, targeted foreign firms. Asian
firms were named in more than half of these cases.
New Indiegogo project allow entrepreneurs to
take a piece of Google / Microsoft.
Google and Microsoft’s search engines post ads
that general billions of dollars in income each year. Often, these ads
are placed alongside organic search results based on the keywords a user
inputs. Costs for these ads are based on the popularity of keyword
searches and can run from five cents to double-digit dollars. Now, the
giant companies have marked low-price keywords “irrelevant” and have stopped
offering ads based on these keywords, creating artificial shortage and pushing
ad prices to the dollar range. $2 per click ads are even made part of the
organic listing tempting the unsuspected searcher to click on it thinking it
organic result. Further, the two companies have confiscated certain
keywords to further generate artificial shortages and push prices up.
All of these activities affect private
entrepreneurs and small businesses.
Now, a
group has launched an IndieGoGo campaign to raise legal fees to file a class action lawsuit against Microsoft and Google for
these practices.
The
goal of the crowd funding resource is to generate half a million dollars to pay
for legal fees. If successful, this lawsuit would require Google and
Microsoft to release banned
and “irrelevant” keywords to the public and compensate
businesses for their losses.
Hagens Berman Seeks Info Regarding Youth Soccer Head
Injuries in Nationwide Class Action
Parents of children who have played youth soccer or continue to play youth soccer and have sustained head injuries during play are encouraged to contact Hagens Berman, a national consumer-rights and sports litigation law firm that has sued multiple soccer organizations for failing to protect players from head injuries.
Hagens Berman filed a class-action lawsuit on behalf of several
current and former soccer players against soccer’s worldwide governing body,
FIFA, and affiliated soccer organizations in the United States including U.S.
Youth Soccer and American Youth Soccer – leagues responsible for over three
million child and adolescent soccer players in the United States – for
allegedly failing to incorporate up-to-date guidelines into their concussion
policies.
No comments:
Post a Comment