0 results for 'McCarter English'
SEC Invokes Immunity in Negligence Suit by Madoff Victims
Just in time to mark the one-year anniversary of the Madoff scandal, the Securities and Exchange Commission moved Monday to dismiss a suit by two Madoff victims who want to hold the agency accountable. Attorneys at Herrick Feinstein sued the SEC in New York federal court under the Federal Tort Claims Act on behalf of two Madoff investors who together lost more than $2.4 million. The SEC argues it cannot be held liable because its activities fall under a "discretionary functions" exception to the FTCA.It remains to be seen whether Seroquel will be the product liability bonanza plaintiffs lawyers predict. But one's things for sure: In Delaware state court, the litigation has been a dud.
With summary judgment granted to AstraZeneca in another Seroquel case last week--the third Seroquel suit to be tossed on Daubert grounds--the Delaware state court judge overseeing a docket of 700 of the pharmaceutical product liability cases says it's time for plaintiffs' lawyers to consider the viability of the litigation.
So far, AstraZeneca has spent almost $750 million defending claims that the antipsychotic causes diabetes, most recently, according to Bloomberg, settling 6,000 cases for an average $25,000 each. Weitz & Luxenberg, however, insists its 2,400 cases won't go away until AZ comes up with better offers than that.
In Wake of Record $105M Verdict, Fee Fights and Coverage Contests
Two weeks after a paralyzed drunken-driving victim won a $105 million verdict against Giants Stadium concessionaire Aramark, dueling sets of plaintiffs' lawyers are girding for a fight over the size of their fees. A coverage dispute among insurers is also possible.School Bond Deal Constitutionality Questioned
Opponents of a proposed school bond deal, including a veteran bond counsel who appears friendly to a court challenge, are calling the proposed issue unconstitutional because the New Jersey constitution's debt limitation clause requires voter approval for the state to create a debt.Rowe v. Hoffmann-La Roche Inc. et al
In this products liability, failure-to-warn case, Michigan's interest in applying its law outweighs New Jersey's interest in deterring the manufacture of unsafe products within its borders.Gibson Dunn's Ted Olson suffered a big loss at the hands of his successor as Bush-era solicitor general, Paul Clement of Bancroft.
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