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Hagens Berman Files Third Lawsuit Against Bear Stearns (Popularity:  )
Hagens Berman Sobol Shapiro filed a third complaint today against Bear Stearns (NYSE: BSC) on behalf of current and former employees, claiming the company violated ERISA laws concerning the management of the Employee Stock Ownership Plan (ESOP).
Today's lawsuit, filed in U.S. District Court in New York by plan participant Rita Rusin, seeks to represent all employees that invested in the ESOP from December 14, 2006 until the present.
The ...
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U. S. Steel Disappointed By Indiana Court of Appeals Ruling (Popularity: )
United States Steel Corporation (NYSE: X) announced today that the Indiana Court of Appeals reversed a previous decision of the Indiana Utilities Regulatory Commission (IURC) involving a rate escalation provision in U. S. Steel's electric power supply contract with Northern Indiana Public Service Company (NIPSCO). The decision, handed down by the Court on Friday, March 7, 2008, held that a rate provision in a 1999 agreement between the parties applied ...
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Stora Enso's Plantation Temporarily Invaded in Rio Grande do Sul, Brazil (Popularity: )
On Tuesday morning 4 March Stora Enso's plantation in the southern Brazilian state of Rio Grande do Sul was invaded by around 800 protesters, most of whom were women. According to the invaders, the occupation was part of a series of actions planned against the agricultural sector within the days leading up to International Women's Day. The invasion ended in the afternoon of the same day.
The protesters accused Stora ...
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Expert Panel Moderated by Autonomy ZANTAZ Delivers Best Practices to Prepare for Escalating Subprime Litigation (Popularity: )
Autonomy ZANTAZ, a leader in the archiving, eDiscovery and Proactive Information Risk Management (IRM) markets, (LSE: AU. or AU.L), today announced electronic discovery best practices to prepare financial institutions for the rise in class-action lawsuits and new State and Federal Government probes and regulatory initiatives anticipated from the subprime crisis. These best practices were discussed in length yesterday by a panel moderated by Nicole Eagan of Autonomy ZANTAZ at the ...
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Cellcom Israel Announces Dismissal With Prejudice of a Purported Class Action Filed Against the Company (Popularity: )
Cellcom Israel Ltd. (NYSE: CEL) (the "Company") announced today that a purported class action lawsuit filed against the Company, in April 2007, was dismissed with prejudice on February 18, 2008. The plaintiffs claimed that the Company raised its tariffs unlawfully and in violation of its license, in pricing plans that include a commitment to purchase certain services for a fixed period.
Had the dismissed lawsuit been certified as a class ...
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U.S. Attorney General Michael B. Mukasey Travels to Baghdad to Meet With Senior U.S. and Iraq Officials; Discuss Cooperative Efforts to Promote the Rule of Law Throughout Iraq (Popularity: )
U.S. Attorney General Michael B. Mukasey today traveled to Baghdad to meet with Iraqi and U.S. officials involved in ongoing efforts to establish the rule of law in Iraq. In addition to participating in meetings with General Petraeus and Ambassador Crocker, the Attorney General met with some of the more than 200 Department of Justice personnel who are currently serving in the U.S. Mission in Iraq.
"The United States is ...
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CORRECTED VERSION: LoopNet Responds to CoStar Complaint (Popularity: )
LoopNet, Inc. (Nasdaq: LOOP) released the following statement today:
"LoopNet believes the complaint filed today in the United States District Court, Southern District of New York, by CoStar Group, Inc. (Nasdaq: CSGP) is completely without merit. LoopNet will defend itself vigorously against CoStar's suit.
"CoStar's complaint follows an earlier lawsuit filed by LoopNet against CoStar Group, Inc. and CoStar Realty Information, Inc. on November 15, 2007 in the Superior Court ...
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Court Dismisses Omnicom Shareholder Lawsuit (Popularity: )
Omnicom Group Inc. (OMC) today announced that the Federal Court presiding over In re Omnicom Group Inc. Securities Litigation, 02 CV 4483 (S.D.N.Y.), granted Omnicom's motion for summary judgment, rejecting plaintiffs' claim for securities fraud in its entirety and directing the Clerk of the Court to "close the case."
Today's decision, which comes after years of discovery, held that plaintiffs lacked evidence of a central element of their claim -- ...
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Russia's Highest Commercial Court Rejects Appeal by Moscow Oil Refinery in Favor of Tamir Sapir's Joy-Lud (Popularity: )
On January 22, 2008, the High Arbitrazh Court of the Russian Federation, Russia's highest commercial court rejected for the second time challenges to the 2005 landmark $28 million judgment won by New York businessman and real estate entrepreneur Tamir Sapir's Joy-Lud Distributors International, Inc. against OJSC Moscow Oil Refinery (MOR), announced Tamir Sapir, CEO Joy-Lud Distributors International, Inc. The 2005 judgment was initially decided by international arbitration in Stockholm and ...
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Aircraft Medical Ready to Fight (Popularity: )
Aircraft Medical ("Aircraft"), the UK medical devices company announces that it will rigorously defend a patent infringement case commenced in the Court of Session, Edinburgh by a competitor, Verathon (based in Seattle, USA). Verathon is claiming GBP37m in damages.
Verathon has claimed that the McGrath(R) Series 5 Video Laryngoscope, manufactured by Aircraft Medical in Scotland, infringes its European Patent 1307131, and by some undisclosed means has calculated damages in lost ...
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