Two international consulting firms that had earlier been named in a shareholder lawsuit filed against Hewlett Packard Co. have been given some respite. They have both been dropped from the lawsuit which had been filed by shareholders over HP’s disastrous acquisition of a British software firm. The two consulting firms Deloitte Touche Tohmatsu and KPMG...
General Electric has agreed to settle a shareholder lawsuit that was filed by investors, who alleged that the company lied about its financial health during the 2008 financial crisis. The company has agreed to pay $40 million to settle the allegations. In the lawsuit filed by shareholders, the investors accused both General Electric Co. and...
YouTube recently won a victory when a judge decided to side with the company, owned by Google, in a copyright infringement lawsuit that pitted the video portal giant against Viacom. The lawsuit had been filed by Viacom, which alleged that YouTube was infringing on its copyrighted content, by posting video clips from popular shows like...
By: Sam G. Sherman, Esq. In 2009 and 2011 decisions, California courts held that Plaintiffs can support a claim of discrimination with “me-too” evidence–evidence that the employer or a particular supervisor discriminated against other similarly situated employees in the past. Common examples involve a woman supporting a pregnancy discrimination case with evidence that the employer...
Lance Armstrong’s legal troubles don’t seem to be ending any time soon. The disgraced cyclist faces a $3 million breach of contract lawsuit filed by the insurer that covered the bonuses of 3 of Armstrong’s Tour De France cycling victories. The company Acceptance Insurance is alleging unjust enrichment, fraud, and breach of contract in the...
Mystery novelist Patricia Cornwell has been awarded $51 million in damages by a Boston jury, which found that her financial management company had been negligent of their fiduciary duty. The award-winning novelist won $50.9 million in damages in a federal court in Boston. She had filed a lawsuit against her former financial management company, claiming...
In a major development that concerns California securities litigation lawyers and investors, the federal administration has nominated Mary Jo White as chairwoman of the Securities and Exchange Commission. There has been a lot of praise for this decision to nominate White, who has been famous for her tough approach to investor security. However, there are...
By: Sam G. Sherman, Esq. Many California employers have rounding policies that alter employee time entries to the nearest tenth (or other increment) of an hour. There is no California statute authorizing this practice and the court’s have never specifically endorsed the legality of the practice. The Plaintiff in Silva v. See’ Candies Shop, Inc.,...
Luxury homebuilder, Toll Brothers has agreed to settle a shareholder lawsuit for $16.2 million. The lawsuit had been filed by shareholder Milton Pfeifer in 2008, and alleged that the directors of Toll Brothers falsely told investors that Toll Brothers would be able to weather the housing market downturn. According to the lawsuit, the directors of...
A British court has upheld an earlier ruling that Samsung did not violate Apple’s copyrights of its tablet computer design. The Court of Appeal cleared Samsung against Apple’s allegations of copying its designs for tablet computers. This ruling is the latest in a series of decisions involving disputes between Apple and Samsung, who are currently...
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