Theranos and its CEO, Elizabeth Holmes, are being sued by investors who claim Holmes lied about the company’s technology as the startup raised funds. The lawsuit, filed in California, names two shareholders who are seeking class-action status. They include Robert Colman, a co-founder of Robertson Stephens , the San Francisco investment bank.
Last week, the city of Mobile succeeded in preventing a jury trial in a lawsuit accusing the Mobile Historic Development Commission of selectively targeting business owners with violations for years while routinely ignoring violations committed by its own staff and board members. In 2012, the city initially brought a lawsuit against Walker Brothers Investments LLC after it was determined the …
While initially calling out 16 lawyers for possible sanctions on both sides of a class action settlement, a federal judge has ordered five of those attorneys to be sanctioned. The five lawyers that were reprimanded are D. Matt Keil, John C Goodson, Jason Earnest Roselius, Martin Weber Jr. and Richard E. Norman.
Texarkana-based attorney John Goodson and 11 lawyers who work with him on class-action lawsuits have appealed a federal judge’s ruling that they broke ethics rules and abused the court system. Their appeal questions whether their conduct violated those rules and whether Chief U.S. District Judge P.K. Holmes III abused his discretion in reprimanding five of the lawyers, according to documents …
Chief U.S. District Court Judge P.K. Holmes III on Wednesday reprimanded five attorneys, including the husband of a state Supreme Court justice, after finding bad faith and abuse of the court system in their manipulation of a controversial class-action case.
Theranos, the revolutionary blood testing company founded by Stanford dropout and Silicon Valley wonder Elizabeth Holmes, is having a bad year. The company is under investigation for securities fraud, in June its pharmacy chain partner Walgreens broke ties and shut down all …
A group of attorneys have asked a federal judge not to punish them next week for seeking a more favorable forum in a class-action lawsuit, arguing punishment would be unnecessary and overly harsh. Thirteen attorneys in the 2014 case Adams v. United Services Automobile Association are to go before Chief U.S. District Judge P.K. Holmes III the morning of June 24 for a hearing on …
A 24-year-old woman who says she was stopped by Portland police, ordered out of her car at gunpoint and briefly handcuffed under the mistaken belief that she was driving a stolen car has filed a $49,000 lawsuit against the city. Officers used a spike strip to flatten the tires of her 1999 Honda Civic and had her back out of her car with her hands up before they realized their blunder: The …
A six-member jury was chosen on Monday in Colorado to hear the first civil trial of wrongful death and personal injury claims stemming from a 2012 mass shooting in which 12 people were killed and dozens wounded in a suburban Denver movie theater. Selection of the jurors, plus two alternates, set the stage for both sides on Tuesday to begin delivering opening statements in the …