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  • November 4, 2008

    Citigroup Faces Class Action Over Fannie Offering

    Citigroup Global Markets Inc. division Smith Barney is facing a putative class action from stock purchasers in Florida who claim the bank misrepresented the security of Fannie Mae stocks, which plunged from $25 to $1.80 a share following the government's seizure of the mortgage corporation.

  • November 4, 2008

    Google-Yahoo Advertising Deal Still Alive

    Reports of the death of the advertising pact between Google Inc. and Yahoo Inc. might have been exaggerated, with a new report suggesting that the Internet giants have submitted a reworked version of the controversial alliance to the U.S. Department of Justice.

  • November 4, 2008

    Following Italian Bankruptcy, Alitalia Files Ch. 15

    Struggling Italian airline Alitalia SpA has filed for Chapter 15 bankruptcy protection to cover its assets in the United States.

  • November 3, 2008

    High Court To Hear Seaman's Punitive Damages Suit

    The U.S. Supreme Court has agreed to hear a suit to determine whether seamen may recover punitive damages for personal injuries if it is found that their employers willfully failed to pay the federally mandated “maintenance and cure” under maritime law.

  • November 3, 2008

    Fund Administrator Off Hook In $550M Fraud Suit

    A division of State Street Co. is off the hook in a suit brought by dozens of investors over a $550 million loss stemming from the liquidation of two British Virgin Islands-based hedge funds, one of which the company administered.

  • November 3, 2008

    Roche Wins Judgment In Accutane Suicide Case

    After determining that the drug company provided adequate warning of suicide risk, a federal judge has ruled in favor of Hoffmann-La Roche Inc. in a wrongful death suit brought by family members of an Accutane user who killed himself.

  • November 3, 2008

    Google, Yahoo Deal May Break Down This Week

    Google Inc. and Yahoo Inc. may reportedly abandon their proposed online advertising partnership this week over concerns that they will face a protracted antitrust battle.

  • November 3, 2008

    Plan Lets Levitt Creditors Out Of Woodbridge Deal

    Defunct homebuilder Levitt & Sons LLC and its unsecured creditors have filed a new liquidation plan that allows creditors to opt out of a $12.8 million settlement with Levitt's parent company Woodbridge Holdings Co., an option they didn't have under the company's original plan.

  • November 3, 2008

    Competing Firms Bond To Protect The Voting Process

    More than 10,000 lawyers, paralegals and law students around the country and 75 of the nation's top law firms have volunteered their time staffing call centers and monitoring polling stations to make sure that every American who is registered to vote is able to do so through Election Protection, a nonpartisan voter protection program spearheaded by the Lawyers' Committee for Civil Rights Under Law.

  • October 31, 2008

    LCM Settles Improper Gift Charges With SEC For $3M

    Lazard Capital Markets LLC and four of its former employees have agreed to a settlement of roughly $3 million with the U.S. Securities and Exchange Commission over allegations of improper gifts to traders at mutual fund giant Fidelity Investments.

  • October 30, 2008

    Yahoo Begins Due Diligence On AOL Merger

    Facing increasing pressure over its proposed advertising deal with Google Inc., Yahoo Inc. has reportedly begun examining the possibility of a merger with AOL LLC.

  • October 30, 2008

    Class Fails Certification In ATM-Investor Action

    A purported securities class action on behalf of investors who allegedly lost millions of dollars in an ATM terminal-investment scheme has failed to pass muster with a federal judge in Florida.

  • October 30, 2008

    Republic Settles Shareholder Suit Over Allied Merger

    Waste collection company Republic Services Inc. has agreed to settle two putative class actions brought by shareholders opposed to its pending merger with rival Allied Waste Industries Inc.

  • October 30, 2008

    Some ESA Protections Extended To 2 Coral Species

    Two threatened coral species in the Caribbean are now entitled to the same stringent protections offered to “endangered” species under the Endangered Species Act, thanks to a new rule issued by the U.S. National Oceanic and Atmospheric Administration's Fisheries Service.

  • October 28, 2008

    Holland & Knight Lands Top Health Care Litigator

    Holland & Knight LLP boosted its litigation practice group, scoring former U.S. Department of Justice insider Daniel Fridman as a partner in its Miami office, the firm announced Tuesday.

  • October 28, 2008

    Class Certified In Case Alleging $50M Ponzi Scheme

    The federal judge overseeing a securities suit against MRT Holdings LLC has certified a class of investors who claim they were victimized in a $50 million Ponzi scheme related to foreign currency futures trading.

  • October 28, 2008

    Zyprexa MDL Judge Orders Conn. To Produce Records

    A federal magistrate judge in charge of discovery in the multidistrict litigation over Eli Lilly & Co.'s Zyprexa has ordered Connecticut's attorney general to hand over the medical records of hundreds of state Medicaid patients in the ongoing battle over the marketing of the anti-psychotic drug.

  • October 27, 2008

    Merrill Lynch Wins Injunction Against Ex-Adviser

    The brokerage arm of Merrill Lynch & Co. Inc. has won a partial injunction against a former financial adviser accused of stealing clients, with a federal judge ordering a halt to further client solicitation.

  • October 27, 2008

    White & Case Seeks $2M For Month Of WCI Work

    White & Case LLP has requested over $2 million for the work it did last month representing bankrupt homebuilder WCI Communities Inc., bringing its total bill to more than $4.5 million since the Chapter 11 case was first filed.

  • October 24, 2008

    Watson Says Barr Infringes Patent For Oxytrol

    Watson Laboratories Inc. has slapped generic drug manufacturer Barr Pharmaceuticals Inc. with a patent infringement lawsuit over its application to market a generic version of Oxytrol, an overactive bladder treatment.