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Shareholder Attempts To Halt Sprint's Sale To SoftBank
Case: Paul Gerbino v. Sprint Nextel Corp. et al., No. 12-2722, D. Kan....(read more)
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SEC Wants Phone Call Included In Case Against Former Goldman Vice President
Case: Securities and Exchange Commission v. Fabrice Tourre, No. 10-3229, S.D. N.Y.; See April 2013, Page 53....(read more)
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Oxfam Moves To Intervene In Suit Against SEC Targeting Disclosure Rule
Case: American Petroleum Institute, et al. v. U.S. Securities and Exchange Commission, No. 12-1668, D. D.C., See November 2012, Page 60....(read more)
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Shareholder Sues Atlantic Power Following Decrease In Dividend
Case: John Dornan v. Atlantic Power Corp., et al., No. 13-10991, D. Mass....(read more)
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Shareholder Says Impax Misled Investors About Manufacturing Problem
Case: Haverhill Retirement System v. Impax Laboratories Inc., et. al., No. 13-1566, N.D. Calif....(read more)
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Shareholders Target BP's Post-Spill 'Campaign Of Deceit'
Case: New York City Employees' Retirement System, et al. v. BP p.l.c., et al., No. 13-2551, S.D. N.Y....(read more)
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Shareholder Challenges American Greetings Going-Private Deal
Case: R. David Wolfe v. Morry Weiss, et al., No. 13-0859, N.D. Ohio....(read more)
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OfficeMax Shareholder Says Proposed Sale Price Is 'Grossly Inadequate'
Case: Eric Hollander v. OfficeMax Inc., et al., No. 13-03330, N.D. Ill....(read more)
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Judge: Reliance On Employability Analysis, Record Reviews Reasonable
NASHVILLE, Tenn. - An ERISA-governed disability insurer that terminated benefits to a claimant with arthritis acted reasonably, a Tennessee federal judge ruled May 6 (Arlene Cook v. The Hartford, et...
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Benefit Denial Was Abuse Of Discretion, Judge Holds
SALT LAKE CITY - An ERISA-governed disability insurer that denied benefits to a claimant with chronic obstructive pulmonary disease, back pain and arthritis abused its discretion, a Utah federal judge...
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Judge: Remand For Full And Fair Claim Review Warranted
CINCINNATI - An Ohio federal judge on April 16 reversed a grant of summary judgment to an insurer on its decision to deny long-term disability benefits to a claimant who underwent brain surgery. The...
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Denial Of Benefits Was Reasonably Supported, Judge Holds
DENVER - An ERISA-governed disability insurer's denial of long-term disability benefits to a claimant with anxiety disorder and depression was reasonable, a Colorado federal judge ruled April 24 (Ted...
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Judge: Evidence Supports Administrator's Decision To Deny Benefits
HARRISON, Ark. - An ERISA-governed disability plan administrator that terminated benefits to a claimant during a plan's any-occupation coverage period acted reasonably, an Arkansas federal judge ruled...
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Judge: Action Not Barred By Equitable Estoppel
BROOKLYN, N.Y. - A claimant's action against his individual disability insurer seeking benefits for separate claims of disability for mental illness is not barred by equitable estoppel or fraud, a New...
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Attorney Sanctions For Opening Statements Was Proper, Court Rules
CINCINNATI - The Sixth Circuit U.S. Court of Appeals on April 26 upheld a lower court's order of sanctions against a disability claimant's counsel who started opening statements by accusing the insurer...
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De Novo Standard Of Review Is Proper, Judge Held
CHICAGO - An Illinois federal judge on April 25 ruled that the proper standard of review is de novo in an ERISA-governed insurer's benefit termination decision (Lilian Borich v. Life Insurance Company...
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Judge: Untimely Response Does Not Change Standard Of Review
LOUISVILLE, Ky. - A deemed denial after an insurer's failure to issue a timely decision as required under ERISA is not a default for a change of the standard of review, a Kentucky federal judge ruled...
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Panel: No Coverage For Insured's Alleged Loss Of 880 Bales Of Cotton In China
NEW ORLEANS - The Fifth Circuit U.S. Court of Appeals on May 10 affirmed a lower federal court's ruling that insureds' alleged loss of 880 bales of cotton in China was excluded from coverage under a...
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Illinois Panel: No Coverage For Claims That Meat Producer Illegally Used...
CHICAGO - The First District Illinois Appellate Court, Fifth Division, on May 10 affirmed a lower court's ruling that an insurer has no duty to defend its meat-producing insured against federal...
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Wet Seal Seeks To Settle Managers' Race Bias Class Suit For $7.5 Million
SANTA ANA, Calif. - The Wet Seal Inc. agreed in a May 8 settlement agreement to pay $7.5 million to end a class complaint alleging that it intentionally discriminates against black managers with...
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