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NH Supreme Court Sides with Philip Morris in Light Cigarette Case
The New Hampshire Supreme Court threw out a rare class certification in a case brought on behalf of state residents who bought Marlboro Lights. On the same day Philip Morris USA Inc. tried to persuade a judge in Madison County, Ill., not to reinstate a $10 billion jury verdict that the Illinois Supreme Court overturned in 2005.$20 million suit against former partners hits major snag
A prominent class-action lawyer is taken to task by a federal appeals court for attempts in federal and state courts to recover damages from former law partners.In what plaintiffs lawyers at Korein Tillery and Baron & Budd described as a watershed ruling in U.S. litigation against the agrochemical company Syngenta, a federal judge in Illinois ruled last Wednesday that Swiss parent company Syngenta AG must stand alongside its American subsidiary to face claims that the companies fouled water supplies across the midwest.
The National Credit Union Administration has sued a UBS unit for allegedly making misrepresentations in the sale of more than $1 billion in mortgage-backed securities to two credit unions that failed. The suit, filed on Thursday in Kansas federal district court, is the latest by the NCUA against financial institutions that sold mortgage-backed securities to now-defunct corporate credit unions.
Lawsuit alleges UBS made misrepresentations in sales of securities
The National Credit Union Administration is suing a UBS unit for mortgage-backed securities sales to two credit unions that later failed.