LOS ANGELES — Broadcom Corp. announced Dec. 29 that it has reached an agreement in principle to settle for $160.5 million a shareholder securities fraud class action lawsuit alleging that the company and its former officers engaged in illegal historical stock option accounting practices (Sonam Bakshi v. Broadcom Corp., No. 06-CV-5036, C.D. Calif.).
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WASHINGTON, D.C. - An antitrust defendant told the U.S. Supreme Court on Dec. 9 that it should reverse a Second Circuit U.S. Court of Appeals ruling that an arbitration panel did not manifestly disregard the Federal Arbitration Act (FAA) in construing an arbitration clause in an international maritime agreement to permit class arbitration of antitrust […]
DENVER - A Colorado federal judge on Dec. 18 found that an insurance policy’s total pollution exclusion (TPE) exempted an insurer from any duty to defend or indemnify a policyholder in a penalty for violation of environmental laws brought against it by government agencies, granting the insurer’s motions for dismissal and partial summary judgment (The […]
CHICAGO - A Seventh Circuit U.S. Court of Appeals panel on Dec. 1 affirmed the dismissal of an action alleging that a retailer was negligent by selling bullets to a woman who later committed suicide (Mark D. Johnson, et al. v. Wal-Mart Stores Inc., No. 08-4226, 7th Cir.).
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Case: Marvin J. Perry Inc. v. Hartford Casualty Insurance Co., No. 09-1639, 4th Cir. Appellant brief: Filed Oct1 by Marvin JPerry IncBrief available 50-091224-010B
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AUSTIN, Texas - The Texas Supreme Court declined Dec. 11 to review claims by a group of silica plaintiffs that their former counsel joined with counsel for their former employers to hide important facts regarding the settlement of their personal injury suits (Anthony Authorlee, et al. v. Tuboscope Vetco International, Inc., et al., No. 08-0990, […]
SAN DIEGO - Wireless phone purchasers cannot show that they relied on advertising that promoted free or discounted phones but allegedly failed to disclose that sales tax would be charged on the full retail price, a California federal judge held Dec. 14 (Jennifer L. Laster, et al. v. T-Mobile USA Inc., et al., No. 05-1167, […]
INDIANAPOLIS - An insurer has a duty to defend its insureds in an underlying lawsuit seeking damages arising out of contaminated fill because the underlying suit alleges an occurrence within the meaning of the policy, the Indiana Court of Appeals said Dec. 15 (Indiana Farmers Mutual Insurance Co. v. North Vernon Drop Forge Inc. et […]
NEWARK, N.J. - More than 300 federal court plaintiffs who allege that they received illegally procured human tissue in the so-called body snatcher scandal have agreed to a global settlement, according to a court order issued Dec. 22 (In Re: Human Tissue Products Liability Litigation, MDL Docket No. 1763, No. 06-135, D. N.J.).
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SAN FRANCISCO - The Ninth Circuit U.S. Court of Appeals on Dec. 18 found no abuse of discretion in a group disability insurer’s decision to terminate benefits to a claimant with sleep apnea and chronic back pain (Mark A. Eppler v. Hartford Life and Accident Insurance Co., No. 08-16986, 9th Cir.; 2009 U.S. App. LEXIS […]