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Murdoch firm to pay Insignia $125 million
Headline News |
2011/02/10 09:54
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| pRupert Murdoch's News America Marketing has agreed to pay a whopping $125 million to settle a years-long lawsuit brought by tiny Insignia Systems Inc. that alleged Murdoch's people unfairly interfered and lied in attempt to take business from the Plymouth company, which provides in-store promotions./ppThe settlement, which is more than Insignia's market value and more than four times its 2009 revenue, was reached a day after the trial commenced before U.S. District Judge John Tunheim in Minneapolis./ppThe deal was announced after the markets closed Wednesday. Insignia's stock has traded lately at more than $6.50 per share, a five-year high and partly in anticipation by traders that Insignia would win a favorable outcome in light of recent, similar settlements reached by other competitors of News America, which is part of Murdoch's News Corp. holdings. Insignia shares closed at $7.57, up 3 percent in Wednesday's trading./ppUnder the settlement, New York-based News America will pay Insignia $125 million and Insignia will pay $4 million in return for a 10-year business arrangement that gives Insignia access to some News America clients. Insignia had sought more than $250 million in damages./p |
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JPMorgan says it did nothing wrong in Madoff fraud
Court Watch |
2011/02/10 02:54
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| pThe bank where Bernard Madoff kept his clients' money is defending itself against allegations that it should have done more to stop his massive fraud./ppJPMorgan Chase said in a court filing late Tuesday that it violated no federal rules and had no obligation to probe Madoff's investment scheme./ppA court-appointed trustee sued the bank this month for $6.4 billion, claiming it suspected Madoff was a fraud but did almost nothing./ppJPMorgan's court filing says that if the trustee were to get his way, it would impose broad investigative duties on banks that don't currently exist./ppThe bank also wants the case moved from bankruptcy court to district court. It says the suit is akin to a huge class action, more properly heard by a jury./p |
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Judge raises questions about Voting Rights Act
Headline News |
2011/02/03 09:55
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pA federal judge on Wednesday questioned whether a key component of the landmark Voting Rights Act is outdated, expressing skepticism about using evidence of racial discrimination from 40 or 50 years ago to justify continued election monitoring for a group of mostly Southern states./ppU.S. District Judge John Bates' comments came during oral arguments in an Alabama county's lawsuit targeting the law — a constitutional challenge that a number of legal observers predict could well reach the Supreme Court./ppShelby County, backed by conservative legal groups, maintains that it and other covered state, county and local governments should no longer be forced to get federal approval before changing even minor election procedures. They note that the Voting Rights Act — enacted in 1965 and extended by Congress for another 25 years in 2006 — relies heavily on past discrimination in determining which jurisdictions are covered by the pre-clearance requirement for election changes, such as moving a polling place or redrawing school district lines./ppBates posed sharp questions to the legal teams on both sides but at times appeared sympathetic to the county's argument.
/p |
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Dick's settles with former Neb. worker over pay
Law Center |
2011/02/03 09:54
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| pDick's Sporting Goods Inc. has reached a settlement with a former employee over just payment for her work./ppCourt records show U.S. District Judge Joseph Bataillon dismissed the lawsuit filed by Dannette Stackhouse, citing the settlement. Details were not disclosed./ppStackhouse's attorney Peter Glennon declined to comment. A message left Wednesday for a Dick's attorney wasn't immediately returned./ppStackhouse said in her lawsuit that employees were forced to work through breaks, were unpaid for overtime and were sometimes locked in the store until work was finished. Her lawsuit was filed on behalf of roughly 900 Dick's workers in Nebraska and sought class-action status./ppStackhouse worked in the sporting goods retailer's Papillion location./p |
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Maine federal judge lets class action in care suit
Law Center |
2011/02/03 02:54
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| pA federal judge in Maine says 40 residents with cerebral palsy, epilepsy and other conditions can join a lawsuit seeking to force the state to provide opportunities for them to live outside nursing homes./ppOn Monday, U.S. District Court Judge John Woodcock granted class-action status to a lawsuit filed by three men with cerebral palsy who want to live on their own but retain services provided by the Maine Department of Health and Human Services./ppIn the lawsuit filed in December 2009, the three argued the state violated the Americans with Disabilities Act and the Nursing Home Reform Act because it failed to make it possible for them to live outside nursing homes./ppThe Bangor Daily News says state officials couldn't be reached Wednesday because of the storm./p |
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Reno court accepts deal for model in arch crash
Topics |
2011/01/31 22:54
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| A fashion model pleaded no contest Monday in Reno to careless driving and agreed to pay damages after crashing a rented motorhome into the city's landmark downtown arch. pRosemary Vandenbroucke, 28, of Hong Kong agreed to pay $385 in fines and $985 for damage to the Biggest Little City in the World arch and a fire hydrant, said Dan Wong, criminal division chief for the city attorney's office. pTammy Riggs, a lawyer for Vandenbroucke, didn't immediately return a phone call from The Associated Press seeking comment on the plea deal. pReno Municipal Court Judge Jay Dilworth accepted the plea with no other penalties, Wong said. pNobody was injured in the crash, but authorities said the 40-foot motorhome was substantially damaged. pVandenbroucke was originally charged with three misdemeanors—vehicular hit-and-run, failure to maintain insurance and making an improper right turn. pThe Labor Day crash occurred a day after the model was arrested at the Burning Man counterculture festival north of Reno and charged with possession of a controlled substance. /p |
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