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Federal Judge Certifies Antitrust Class Against Comcast
A federal judge in Philadelphia has certified a class action antitrust suit against cable television giant Comcast that alleges the company set out to establish monopolies in the Philadelphia and Chicago markets and then increase prices once it had eliminated all the competition. The ruling could reverberate throughout the cable industry because the suit alleges that many of the big cable companies cooperated in carving up much of the nation into separate markets where each would be exclusive providers.Federal Judge Certifies Antitrust Class Against Comcast
A federal judge has certified a class action antitrust suit against cable television giant Comcast Corp. that alleges the company set out to establish monopolies in the Philadelphia and Chicago markets and then increase prices once it had eliminated all the competition.Federal Judge Certifies Antitrust Class Against Comcast
A federal judge in Philadelphia has certified a class action antitrust suit against cable television giant Comcast that alleges the company set out to establish monopolies in the Philadelphia and Chicago markets and then increase prices once it had eliminated all the competition. The ruling could reverberate throughout the cable industry because the suit alleges that many of the big cable companies cooperated in carving up much of the nation into separate markets where each would be exclusive providers.3rd Circuit: Employees May Sue Under ERISA When Company's Stock Crashes
Participants in 401(k) plans who invested in company stock only to see it plummet have been handed a procedural remedy. The 3rd U.S. Circuit Court of Appeals has ruled that participants can sue when their company's alleged fiduciary violations harm only those who chose the stock option. Deciding an issue that has divided federal courts across the country, the court found that �409(a) of ERISA gives the plaintiffs standing, and that �502(a)(2) allows them to recover damages.Suit May Proceed Alleging Cancer Risk in J&J, Wal-Mart Baby Bath Products
A New Jersey federal judge has ruled plaintiffs can pursue a class action suit alleging that Johnson & Johnson and Wal-Mart baby bath products are unfit for sale because they contain a banned chemical that could cause cancer. The judge denied the companies' motions to dismiss for failure to state a claim, saying the plaintiffs had made a good enough case to seek economic damages on theories that the companies committed deceptive trade practices and breached an implied warranty.Plaintiffs Counsel Defend Fee Request in Madoff-Related Settlement
Responding to criticism from the attorney general's office, lead plaintiffs counsel Barbara Hart of Lowey Dannenberg Cohen & Hart told Southern District Judge Colleen McMahon during a March 15 hearing that there was "no scandal here" and that the objections to the $42 million fee request were "personally offensive."Defense Scores in Pension Plan Stock-Drop Suits
Defense attorneys are hailing recent court victories in ERISA "stock-drop" lawsuits, brought for employees who lost money in retirement plans due to their companies' declining stock price. In the first case to go to trial, a federal judge ruled that US Airways had no duty to change stock holdings of employees who had several investment choices. "There is a trend toward limiting the liability of outside trustees," said Edwin Mills, who recently negotiated a $100 million proposed settlement with Time Warner.Defense Scores in Pension Plan Suits
Recent rulings have favored defendants in stock-drop cases filed on behalf of employees who lost money in their retirement plans.State AI Legislation Is on the Move in 2024
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