Another domino has reportedly fallen in the aftermath of the mortgage-backed securities (MBS) meltdown that was mostly responsible for the worst economic downturn since the Great Depression. Multiple media outlets are reporting that Goldman Sachs will settle a class-action lawsuit led by the NECA-IBEW’s Health and Welfare Pension Fund of Illinois, among other investors, to
Judge J. Kevin Chason in Georgia’s Decatur County Superior Court is my new hero! He told Fiat Chrysler to suck it regarding their request for a new trial in the tragic fire death of little Remi Walden. In his opinion, the evidence against Fiat was “overwhelming.” The judge also ordered the Walden $150M award reduced
The Security and Exchange Commission (SEC) is treading on thin legal ground, according to Manhattan District Judge Richard Berman, due to the agency’s use of an in-house judicial system. On Monday, Berman refused to dismiss a lawsuit filed by embattled former Standard and Poor’s (S&P) supervisor, Barbara Duka, who was accused of securities fraud by
The Ray Charles Foundation, which supports vision and hearing-impaired youth, scored a victory on Friday from a three-judge panel in the 9th Circuit Court of Appeals in San Francisco in a legal battle against seven of Charles’s adult children. Royalties from Charles’s catalog of 51 songs, including hits like “I got a woman,” “Mary Ann,”
New York-based U.S. Attorney Preet Bharara may be the greatest prosecutor who ever lived. From the Bernie Madoff scandal to Toyota, to a large portion of the New York state legislature; he has left a historic level of convictions and penalty awards. This includes a remarkable streak of 85 consecutive insider trading convictions before losing
7/30/2015 Superstar quarterback Tom Brady made good on his threat to file a federal lawsuit if NFL Commissioner Roger Goodell did not overturn his four-game suspension over Brady’s supposed knowledge of wrongdoing in the “Deflategate” scandal. Goodell, who also served as the arbitrator in Brady’s June 23rd appeal in New York, upheld the suspension on
7/30/2015 In Los Angeles Federal Court on Tuesday, District Judge Dale Fischer dismissed another lawsuit against nutritional products producer, Herbalife, which was accused of being a “pyramid scheme.” The suit was filed against the company by the Oklahoma Firefighters Pension and Retirement System accusing Herbalife of lying to investors about the legitimacy of its business operations.
7/29/2015 Longtime Oakland Athletics season-ticket holder Gail Payne has filed a lawsuit against Major League Baseball (MLB) asking the organization to make drastic changes in the netting that protects fans along the foul lines. The suit, filed July 13th in the U.S. District Court of Northern California lists MLB Commissioner Rob Manfred as the defendant.
7/27/2015 Yet another drug has been linked to the painful and sometimes fatal skin condition Stevens Johnson Syndrome. This time, it’s the fluoroquinolone family, also known as quinolones. These are some of the most prescribed antibiotics in the country and the star of the group is on the hot seat. Cipro may cause Stevens Johnson
7/26/2015 Morcellator. It’s a world that leaves a funny (as in “Eeww!”) feeling in your mouth. That’s nothing compared to what the medical instrument leaves in your body. Morcellation (shudders) can spread previously undiagnosed malignant cancer cells throughout the patients’ pelvic and abdominal cavities, which shortens the patients’ life expectancy. The first morecellator cancer suit