The U.S. Court of Appeals for the Federal Circuit recently affirmed a lower court’s ruling that a company’s patent was unenforceable because of the company president’s misconduct toward the U.S. Patent and Trademark Office even though he wasn’t the inventor or patent filer.
The April 27 majority panel ruling in Avid Identification Systems [...]
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PHILADELPHIA, Apr 27, 2010 (GlobeNewswire via COMTEX) — Law Offices Bernard M. Gross, P.C. commenced a class action lawsuit in the United States District Court, Southern District of New York, on behalf of all persons who purchased or otherwise acquired the common stock of Goldman Sachs (GS), between October 15, 2009 and [...]
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The U.S. Supreme Court said Tuesday investors who lost huge amounts betting on the blockbuster drug Vioxx can sue Merck & Co. over whether the pharmaceutical giant provided enough information about the painkiller’s risks before it was pulled from the market.
The high court agreed with a federal appeals court’s decision to [...]
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ALBANY, N.Y. (CN) – Ulster County and three towns in New York say they’re the targets of a multibillion-dollar revenge and extortion plot aimed at “disrupting the administration of local government,” because a town issued two traffic tickets to the plot’s alleged ringleader.
The federal RICO complaint accuses seven people of “harassing, [...]
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BALTIMORE — According to new reports, home foreclosures in Maryland have gone up 80 percent compared to this time last April.
Watch Kim Dacey’s Report
To help those in trouble, financial experts, mortgage lenders and housing counselors met with folks in danger of losing their homes on Monday night at Overlea High [...]
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We were wondering when we might see one of the heavyweight plaintiffs’ firms file suit against Goldman, in the wake of the SEC’s April 16 lawsuit.
And now we have one.
The firm formerly known as Coughlin Stoia (now known as Robbins Geller Rudman & Dowd) filed suit against Goldman and three of its [...]
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HOUSTON (CN) – Three plaintiffs in a FenPhen drug liability class action say their law firm overcharged clients, taking more than $29 million for heart tests it performed on “tens of thousands” of potential clients who did not even join in the lawsuit. The three women sued George Fleming and Fleming [...]
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WASHINGTON (CN) – The lawyer for an Italian cruise operator came under fire Wednesday in the Supreme Court over his claim that an injured passenger’s failure to sue the right company was not a mistake. “I make mistakes … and so do you and so does everybody else,” Justice Stephen Breyer [...]
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CAPE CANAVERAL, Fla. — Can posting your opinion on eBay cost you in real life?
So far Michael Steadman has spent $7,000 for his, and he isn’t yet done defending himself in a $15,000 defamation lawsuit brought by the man who sold him a reportedly defective time clock.
Steadman bought the clock [...]
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The US Supreme Court [official website; JURIST news archive] on Wednesday ruled [opinion, PDF] 7-2 in Jerman v. Carlisle [Cornell LII backgrounder; JURIST report] that a debt collector’s legal error does not qualify for the bona fide error defense under the Fair Debt Collection Practices Act (FDCPA) [15 USC § 1692 [...]
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COLLEGE PARK, Md. – The University of Maryland has found a missing disc of surveillance video from the camera covering the area where a student was beaten by police during last month’s civil disturbances, ABC 7 News has confirmed. But the formerly missing disc has a two-minute gap, officials admitted and [...]
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In a strong endorsement of classic First Amendment principles, the U.S. Supreme Court on Tuesday struck down a federal law that made it a crime to create, sell or possess certain depictions of animal cruelty.
Calling the law a “criminal prohibition of alarming breadth,” Chief Justice John Roberts Jr. said there was no [...]
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A San Francisco resident has filed a lawsuit against Apple alleging that the company unfairly declines warranty coverage for its products solely on the basis of triggered moisture sensors, which the suit alleges are unreliable evidence of abuse.
The suit, filed by Charlene Gallion “on behalf of herself and others similarly situated,” details [...]
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A Goldman Sachs banker facing fraud charges is in line for a massive bonus, it emerged yesterday.
Bank bosses let Fabrice Tourre go on working in London despite a lawsuit against him by U.S. regulators.
The bank said the 31-year-old Frenchborn broker has done ‘nothing wrong’ and there was no need to suspend [...]
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WASHINGTON (AP) — The fraud charges against Goldman Sachs & Co. that rocked financial markets Friday are no slam dunk, as hazy evidence and strategic pitfalls could easily trip up government lawyers.
Yet that hardly matters, experts say, because the allegations will kick off a new era of litigation that could [...]
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Last year, in a statement that made me momentarily question my understanding of the English language while simultaneously wonder whether I had inhaled too many potent diesel fumes over the years, Goldman Sachs’ CEO Lloyd Blankfein declared, in a detailed interview, to a reporter from the The Times (London) that he and Goldman [...]
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From prison, Bill Lerach, America’s premier class-action lawyer, has a roadmap to get all that bonus money back from the Wall Streeters who got us into this mess.
Like every fuming American, I want Wall Street bankers to be forced to disgorge the zillions they made while tanking the economy—not to mention [...]
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A Florida state-court judge, in a rare ruling, said a major national bank perpetrated a “fraud” in a foreclosure lawsuit, raising questions about how banks are attempting to claim homes from borrowers in default.
The ruling, made last month in Pasco County, Fla., comes amid increased scrutiny of foreclosures by the prosecutors and [...]
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Image via CrunchBase
The Securities and Exchange Commission (SEC) filed an explosive complaint (.pdf) yesterday against investment banking titan Goldman Sachs. The civil lawsuit alleges that the bank defrauded investors who it sold a synthetic collateralized debt obligation (CDO) it created. Naturally, Goldman vehemently denies wrongdoing, having released the follow one-sentence statement:
The SEC’s [...]
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Goldman Sachs, which emerged relatively unscathed from the financial crisis, was accused of securities fraud in a civil suit filed Friday by the Securities and Exchange Commission, which claims the bank created and sold a mortgage investment that was secretly devised to fail.
The move marks the first time that regulators [...]
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