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More Than 1,100 Brave Humidity for Annual Bar Association Run
On May 15, about 1,500 people participated in the 32nd Annual Philadelphia Bar Association Charity Run, which benefits the Support Center for Child Advocates.Bank of America Settles Merrill Lynch Claims For Record $2.4 Billion
Bringing to a close the highest-profile lawsuit to emerge from the credit crisis, Bank of America Corp. has agreed to pay $2.43 billion to settle alleged federal securities law violations related to the acquisition of Merrill Lynch & Co. Inc. in 2009.Bank of America settles Merrill Lynch claims for a record $2.4 billion
Bank of America Corp. has agreed to pay $2.43 billion to settle alleged federal securities law violations in Bank of America's acquisition of Merrill Lynch & Co. Inc. in 2009.Judge Finds Tobacco Settlement Bars Claims for Punitive Damages
A federal judge has ruled that New York's participation in the nationwide $208 billion settlement reached in 1998 between 46 states and the tobacco industry bars subsequent claims for punitive damages in smokers' damage actions in New York. The judge also rejected a design-defect theory that led to a $20 million verdict against two cigarette manufacturers in a separate 2005 state case. More than $17 million of that verdict stemmed from an award of punitive damages.Bank of America Settles Securities Class Action Over Merrill Lynch Acquisition for $2.4 Billion
Bank of America Corp. has agreed to pay $2.43 billion to settle alleged federal securities law violations in Bank of America's acquisition of Merril Lynch & Co. Inc. in 2009.The case is something of a monument to plaintiffs' futility in federal court ARS litigation.
Tobacco companies handed a win; states may face $1B loss
By Daniel Wise, New York Law Journal Employing broad language, New York's Appellate Division, First Department, handed tobacco companies a victory Thursday by ruling that disputes over reductions in their payments to the states under a $206 billion nationwide settlement must go to arbitration.The ruling has enormous fiscal implications for the states since the reduction could amount to more than $1 billion a year.Trending Stories
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