A Manhattan federal jury has been robbed of its chance to decide whether the collapse of financial firm MF Global was the fault of its CEO Jon Corzine or his accounting firm. MF Global, which was seeking to pin the blame for the firm’s stunning 2011 demise on PriceWaterHouseCoopers, settled the case mid-trial, sources said. The parties reached an agreement on Wednesday and notified the judge …
Individuals who filed claims as part of a $52 million class-action settlement that alleged milk price fixing may only be getting $6 to $6.50 back. A 2011 lawsuit claimed that some dairy co-ops and others conspired to fix prices by reducing the size of their herds, thus raising the price of milk. Courthouse News Service also reported the class affects consumers who purchased cream, half & half, …
Reuters is reporting that the U.S. Justice Department has joined a whistleblower lawsuit against Minnetonka-based UnitedHealth Group that claims the country’s largest health insurer and its units and affiliates overcharged Medicare hundreds of millions of dollars, a law firm representing the whistleblower said on Thursday. “We reject these more than five-year-old claims and will contest them …
A federal lawsuit claiming Michigan’s political districts give Republicans an unfair advantage is coming, says Attorney Mark Brewer. “We are planning a lawsuit claiming, with good evidence, that the House and Senate and Congressional redistricting plans are partisan gerrymandered,” said Brewer, who used to chair the Michigan Democratic Party but said he was not working with them …
The lawsuit claims that AMD bosses, including Rory Read and Lisa Su, made “false and misleading statements to investors about the manufacturing and subsequent launch of, as well as the demand for, its Llano microprocessor” back in 2011 and 2012. Their case claims that AMD and its management violated the Securities Exchange Act. The court has ruled that anyone who bought AMD stock between April …
The man who created the TED conference is embroiled in a multimillion-dollar legal dispute over the sale of a TED spinoff. Richard Saul Wurman is an architect and graphic designer who founded TED in 1984 to focus on technology, entertainment and design. He created TEDMED in 1995 to focus on health and medicine, and has since sold them both.
Former Sen. John Edwards has pledged to support hundreds of U.S. sailors, Marines and airmen who say they were sickened by radioactive fallout from the 2011 disaster at the Fukushima Dai-ichi nuclear power plant. U.S. forces participated in relief efforts after a 9.0-magnitude earthquake triggered a tsunami that battered swaths of northeastern Japan, including the plant. Edwards — the 2004 …
A lawsuit that claims Brad Paisley and his “Remind Me” co-writers stole an idea when they wrote and recorded the 2011 hit was decided this week. The artists, songwriters and publishers have defeated a copyright claim from singer and songwriter Amy Bowen. Bowen is known professionally as Lizza Connor.
Billabong is paying out $45 million to end a shareholder class action over earnings downgrades which saw the surf clothing company’s share price tumble in 2011. A short time ago, Billabong shares were down 0.76% to $1.31, well down on the 12-month …
The City of Hannibal and the Hannibal Board of Public Works have filed a motion for a change of venue in a class-action lawsuit leveled against the two entities. The motion was filed in the 10th judicial circuit on Tuesday, April 26. If approved, action in the lawsuit — which alleges the BPW failed to provide potable water to customers, exposing them to “probable human carcinogens” — would take …