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El Paso Edges Toward Settlement
The state of California is approaching a massive settlement with El Paso Corp., the Texas-based natural gas company accused of artificially driving up prices during California's 2001 power crisis. While the company denies an agreement is imminent, a source familiar with the negotiations said one is close and outlined a $1.7 billion deal. Should the deal go through, several lawyers will be up for a big payday.Since the Supreme Court denied cert in March in federal antitrust litigation over a $400 million Bayer settlement that kept Barr Labs from selling a Cipro knock-off, plaintiffs lawyers have pinned their hopes on state court litigation over the deal. Now those hopes have been considerably dimmed.
Intuit Inc., Lucasfilm and Pixar will pay a total of $20 million to settle a class action on behalf of former employees who claim the companies illegally suppressed salaries by striking pacts with other high-tech businesses not to raid each other's ranks.
Ties to U.S. plaintiffs firms may be valuable to Canadian firms pressing securities class action claims north of the border, but such relationships may also carry risks. In a decision appointing firms to lead a shareholder class action against Sino-Forest Corp., a judge in Ontario explored whether the Toronto firm Kim Orr should be disqualified from the bidding because of the firm's prominent ties with Milberg.
Plaintiffs appear to be in the driver's seat in two big privacy class actions against Google.
U.S. DISTRICT COURT EASTERN DISTRICT OF NEW YORK Judge Weinstein On September 6, 2000, individual and representative plaintiffs in ten existing actions filed a consoli
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