Articles in Channel: Consumer Law

Massachusetts Top Securities Regulator Charges Oppenheimer & Co with Unethical Conduct and Fraud

Shepherd Smith & Edwards LLP
November 21, 2008 19:31

Massachusetts Secretary of State William Galvin is charging Oppenheimer & Co. with unethical conduct and fraud. The state’s top securities regulator is accusing the investment bank of continuing to market and sell auction rate securities to clients even as Oppenheimer...Massachusetts Secretary of S...

WATCH Issues 2008 List of 10 Worst Toys

Gilbert Ollanik & Komyatte P.C.
November 21, 2008 18:51

As the holiday season approaches, more shoppers will start to arrive at toy and department stores to buy the latest toys for their sons, daughters, nieces, and nephews. To help parents and other purchase toys that are not only fun...As the holiday season approaches, more shoppers will start to...

Class Action Defense Cases—In re SemGroup Energy: Judicial Panel On Multidistrict Litigation (MDL) Grants Plaintiff Motion To Centralize Class Action Litigation In Northern District of Oklahoma

Michael J. Hassen
November 21, 2008 13:16

Judicial Panel Grants Plaintiff Request for Pretrial Coordination of Class Action Lawsuits Pursuant to 28 U.S.C. § 1407, Unopposed by Common Class Action Defendants or by Plaintiffs in New York Class Action, and Transfers Class Actions to Northern District...Judicial Panel Grants Plaintiff...

New Louisiana Regulation Creates Safe Harbor For Certain Equity-Based Compensatory Plans of Privately-Held Companies

Alan J. Berteau
November 21, 2008 13:02

by Dean P. Cazenave Offers and sales of “securities” must be registered unless there is an applicable exemption from the federal and state securities laws. The most commonly known exemption is the private placement exemption set forth in Regulation D promulgated by the Securities and...

Summary Judgment In Benzene Case: Failure To Prove Dose

Sean Wajert
November 21, 2008 10:04

A federal court has granted summary judgment in a toxic tort suit in which plaintiff alleged he contracted a bone disease because of his long-term exposure to trace amounts of benzene in oil-based paint. Smolowitz v. The Sherwin-Williams Co., 2008 WL 4862981 (E.D.N.Y. Nov. 10, 2008). Plaintiff...

No Longer Good Law

Lyle Roberts
November 21, 2008 03:28

As discussed in The 10b-5 Daily before, whether the Tellabs decision on pleading scienter (i.e., fraudulent intent) can best be described as a victory for plaintiffs or defendants has to be evaluated on a circuit-by-circuit basis. In the U.S. Court...

Petition PE1197

Iain Nisbet
November 20, 2008 23:50

Petition by Bill Alexander calling on the Scottish Parliament to urge the Scottish Government to reform the legal system to adopt the Scandinavian system of allowing unrestricted access to legal representation before the court for example by allowing non-lawyers to appear in court on behalf of...

Auto Help on the Way?

Ron Burdge
November 20, 2008 20:44

Corporate "suits" from the Detroit Big 3 showed up in Washington DC to testify before the US Congress on November 19 on why they needed to be part of the government's latest handout --- er, bailout --- program. It didn't help that they each flew there in their own private jet, folks.In spite of the...

Deutsche Bank Cutting Investment Banking Jobs

November 20, 2008 20:09

The loss of jobs in investment banking and brokerage is truly a worldwide phenomenon. Duetsche Bank announced that it is cutting 900 jobs in its investment banking operations in New York and London. According to James Wilson reporting on FT.com...The loss of jobs in investment banking and brokerage...

Recalls of the Week

November 20, 2008 18:47

Over the past week there have been several significant recalls. Let's jump right on into it. 1. Topical Acne Cream: A voluntary recall has been issued for all 1 ounce tubes of 10% Benzoyl Peroxide Acne Cream sold under the...Over the past week there have been several significant recalls. Let's...