National Law Journal |
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October 18, 2011
A federal judge in Los Angeles struck down the proposed attorney fees in a class action settlement against Toyota Motor Corp. over Prius headlights, calling the $4.7 million request "highly unreasonable" for a case with "narrow, not complex" legal work.
National Law Journal |
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October 18, 2011
The Court granted review in Kiobel v. Royal Dutch Petroleum, one of several long-running lawsuits in U.S. courts involving foreign activities that have been a thorn in the side of major international corporations.
Wall Street Journal |
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October 18, 2011
The Supreme Court said Monday it will consider a lawsuit against Royal Dutch Shell PLC to decide whether corporations can be sued in U.S. courts for allegedly aiding human-rights abuses overseas.
The three major credit rating agencies have won a lawsuit filed by former Ohio Attorney General Richard Cordray, who is President Barack Obama's pick to head a key consumer protection post.
As detailed in this prior post, in September the Open Society Foundation released “Busting Bribery: Sustaining the Global Momentum of the Foreign Corrupt Practices Act”. The white paper was in response to the October 2010 white paper “Restoring Balance: Proposed Amendments to the Foreign Corrupt Practices Act” released by the Institute for Legal Reform, an affiliate of the U.S. Chamber of Commerce.
American Lawyer |
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October 17, 2011
Since 2004, a shareholder derivative suit arising from Southern Peru Copper Corporation's $3.1 billion acquisition of Minera Mexico has been plodding along in the Delaware Court of Chancery.
Anadarko Petroleum Co. agreed to pay BP PLC $4 billion to settle all claims between the two companies arising from the Gulf of Mexico oil spill, a development that reduced uncertainty about the British oil giant's ultimate liability for last year's disaster.
The Supreme Court's new term began this month, and one of the major cases is giving newer Justices their first chance to directly address the nature of religious freedom. At issue is whether government can trump the judgment of a religious institution as it carries out a faith-based mission—and whether the Court will open yet another pasture for employment litigation.
Lawyers and advocacy groups are pushing back on some legislation being proposed as part of a special session on jobs, claiming the bills have more to do with weakening Wisconsin’s tort laws than they do with creating jobs.
As global expansion among mid-market companies and the federal government's enforcement of the Foreign Corrupt Practices Act trend upwards, experts say now is the time for executives and their employees to educate themselves on the law's finer points.