Legal News

Twenty-One Arrested in Securities Fraud Ring
Trenton, NJ: Twenty-one people have been arrested because of their connection to a securities fraud ring that netted approximately $50 million by scamming investors. The New Jersey State Attorney General Anne Milgram said the scheme was operating from Miami, Florida and Sao Paulo Brazil and was using the securities market in New Jersey to conduct their scheme.

Class Action Defense Cases-In re Tyco: New Hampshire Federal Court Approves Class Action Settlement And Awards Class Counsel Record $464 Million For Prosecuting Securities Fraud Class Action Lawsuit
Proposed $3.2 Billion Settlement Of Securities Fraud Class Action Fair, Reasonable and Adequate, and Request By Class Action Plaintiffs’ Counsel for $464 Million Fee Award Reasonable New Hampshire Federal Court Holds Plaintiffs filed a securities fraud class action lawsuit against Tyco International, its former auditor, PricewaterhouseCoopers, and five individual defendants; the gravamen of the class action was that defendants “misrepresented the value of multiple companies that Tyco acquired and misreported Tyco's own financial condition in ways that artificially inflated the value of Tyco stock,” thereby permitting the individual defendants “to reap enormous profits by looting the company through a combination of unreported bonuses, forgiven loans, excessive fees, and insider trading...

Michigan Sues Tyco for Pension Fund Losses
A report in Crain's Detroit Business notes that the State of Michigan is suing Tyco International, four of its executives, and its auditors for $50 million in losses in Michigan state pension funds...

Tyco Agrees to Pay Monumental $3 Billion to Settle Investor Class Actions
Ouch.  On Tuesday, Tyco International announced that it will pay nearly $3 billion in cash payments to settle 32 securities class action lawsuits involving Tyco stock. This is reportedly the largest securities class action settlement by a single corporate defendant, and the fourth largest single payout to investors...

American Italian Pasta Settles Accounting Fraud Charges
The SEC filed several actions charging American Italian Pasta Company ("AIPC"), and its senior executives with securities fraud and other violations of the federal securities laws. The Commission's complaints allege that, from its fiscal year 2002 through the second quarter...

Healthcare consulting firm settles Medicare fraud claims
Besler & Company, Inc., a New Jersey healthcare consulting firm, will pay the United States $2.875 million to settle allegations of fraud against the federal Medicare program, according to a March 5, 2008 Justice Department press release...

Paxil Lawsuit
Paxil Claims, Lawsuits, and Injuries

How to Skirt H-1B Regulations
Senator reacts to YouTube video

Cell Phone Early Termination Fees
How to recover billing errors

H&R Block Retirement Plan Fraud
How to Join Class Action Suit

Copyright Lawsuits: Critical Issues Before Filing Copyright
Federa Rule 11(b) Considerations

Vioxx Lawsuits
Vioxx personal injury suits are a seroius concern for Merck and patietns

Tyco
Settles with Michigan State for $24.5 Million

Brent Lemons
$1.3 million settlement in securities fraud lawsuit.

Wells Fargo Settles New Jersey State Investigation into Pick-a-Payment Mortgages
Wells Fargo Settles New Jersey State Investigation into Pick-a-Payment Mortgages

New Jersey Employment Law
alleged violations of New Jersey state labor laws including overtime pay, discrimination and harassment.

Pastor Accused
Baptist Minister settles $1.8 million fraud lawsuit.

Ticketmaster Entertainment
Settles with New Jersey Attorney General