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Benefit Denial Was Supported By The Record, 5th Circuit Rules
NEW ORLEANS - The Fifth Circuit U.S. Court of Appeals on April 2 upheld a grant of summary judgment to an ERISA-governed disability insurer that denied benefits to a claimant with back, neck and leg...
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U.S. Trustee: ResCap Fails To Provide Details On $7.8M In Bonus Payments
NEW YORK - The U.S. trustee in the Chapter 11 bankruptcy of Residential Capital (ResCap) LLC on April 3 filed a brief in the U.S. Bankruptcy Court for the Southern District of New York objecting to...
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Bankruptcy Judge Approves MF Global Liquidation Plan
NEW YORK - The federal bankruptcy judge presiding over the Chapter 11 bankruptcy of MF Global Holdings Ltd. (MFGH) on April 5 approved the joint plan of liquidation (In Re: MF Global Holdings Ltd., No....
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Louisiana Appeals Panel Upholds Summary Judgment For Oil Extraction Defendant
LAKE CHARLES, La. - Property damage claims against an oil extraction company were properly dismissed on a motion for summary judgment because the plaintiffs failed to meet their burden of proof, a...
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Law In State Of Exposure, Not Residence, Governs Indiana Action, Judge Says
PHILADELPHIA - A defendant urging application of Indiana law falls short of overcoming the state's reliance on location of exposure in determining whose law to apply, the judge overseeing the federal...
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Judge Denies Dismissal Of Insurer's Equitable Contribution Claim
LAS VEGAS - A commercial general liability insurer sufficiently asserts claims for equitable contribution and subrogation against another insurer regarding reimbursement of costs incurred in the...
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New York Federal Judge Allows False Claims Suit To Proceed Against Americare
BROOKLYN, N.Y. - A federal judge in the U.S. District Court for the Eastern District of New York on April 3 partially granted a motion to dismiss a federal and New York state False Claims Act (FCA)...
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Crown Court Fines Hotel Chain 200,000 Pounds For Asbestos Exposure
LONDON - The United Kingdom Health and Safety Executive (HSE) on April 4 announced that an English crown court ordered a hotel chain to pay more than 200,000 pounds in fines for potentially exposing...
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Federal Judge Refuses To Enter Final Judgment On General Exclusions Issue
PHOENIX - An Arizona federal judge on April 4 denied an insurer's motion for entry of final judgment on his previous ruling that a corporate agreement's "general exclusions" did not apply to the...
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Judge: Investor Failed To Plead Misrepresentation, Scienter In Securities Suit
SAN DIEGO - A lead plaintiff in a securities class action lawsuit has failed to plead any of its federal securities law claims because it has failed to show that the defendants issued any...
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Judge: Lead Plaintiff Failed To Plead Any Of Its Federal Securities Law Claims
NEW YORK - A federal judge in New York on March 25 dismissed a lead plaintiff's securities class action complaint, ruling that it failed to properly plead any of its federal securities law claims (In...
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Judge Trims Federal Securities Law Claims In Class Action Lawsuit
NEW YORK - A federal judge in New York on March 22 partially dismissed a lead plaintiff's securities class action complaint against a mining company and certain of its executive officers, ruling that...
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Judge: Lead Plaintiff Failed To Plead Scienter In Making Securities Law Claims
BALTIMORE - A federal judge in Maryland on March 26 dismissed a lead plaintiff's securities class action complaint against a drug company and others, ruling that the lead plaintiff failed to properly...
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Judge: Lead Plaintiffs Failed To Plead Scienter In Securities Class Action Suit
BURLINGTON, Vt. - A federal judge in Vermont on March 20 dismissed a second amended securities class action complaint, ruling that lead plaintiffs have failed to plead that Green Mountain Coffee...
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Judge Won't Strike Expert Testimony In Sprint Nextel Merger Suit
KANSAS CITY, Kan. - Although an attempt by lead plaintiffs in a securities class action lawsuit to file expert testimony in a reply brief "constitutes new evidence," striking the testimony "would...
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Panel Affirms Dismissal In Shareholder Derivative Suit Against Drilling Company
NEW ORLEANS - A Fifth Circuit U.S. Court of Appeals panel on March 11 affirmed a federal judge's dismissal of a shareholder derivative lawsuit against certain officers and directors of an on-land and...
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Panel Grants Summary Affirmance In Stanford Ponzi Scheme Lawsuit
WASHINGTON, D.C. - A federal judge did not err in denying a former Stanford Group Co. (SGC) client's motion to intervene in a Securities and Exchange Commission action seeking to compel the Securities...
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Shareholder Failed To State Claims In Say-On-Pay Suit, Federal Judge Rules
CHICAGO - A company's board of directors did not breach its fiduciary duty by failing to disclose certain information under the Dodd-Frank Wall Street Reform and Consumer Protection Act prior to...
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Dismissal Of SEC Suit Under Dodd-Frank Act Not Proper, Federal Judge Rules
NEW YORK - Dismissal of a Securities and Exchange Commission enforcement action is not proper on the basis that the SEC failed to comply with a Dodd-Frank Wall Street Reform and Consumer Protection Act...
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Judge Certifies Class In Smith Barney Transfer Agent Securities Suit
NEW YORK - A lead plaintiff in a securities class action lawsuit against two affiliates of Citigroup Asset Management (CAM) and others have met all statutory requirements for class certification, a...
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