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November 25, 2008

Judge: Convicted mayor’s testimony was a disaster

BRIDGEPORT, Conn. — A federal judge called it a “disaster” and a “prosecutor’s dream” Tuesday that former Waterbury Mayor Philip Giordano took the stand during his trial on charges of sexually abusing two girls.

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Statman, Harris & Eyrich, LLC Announces Investigation On Behalf of Participants and Beneficiaries of the Hartford Investment and Savings Plan

CINCINNATI, Nov. 25, 2008 (GLOBE NEWSWIRE) — The class action Cincinnati law firm of Statman, Harris & Eyrich, LLC announces it is investigating Hartford Financial Services Group, Inc. ("Company") (NYSE:HIG) for potential violations of the Employee Retirement Income Security Act of 1974 ("ERISA") relating to the Hartford Investment and Savings Plan ("Plan").

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Finkelstein Thompson LLP Announces Alpharma, Inc. Merger Investigation

WASHINGTON, Nov. 25, 2008 (GLOBE NEWSWIRE) — Finkelstein Thompson LLP is investigating potential shareholder claims arising from the proposed acquisition of Alpharma, Inc. (NYSE:ALO) by King Pharmaceuticals, Inc. (NYSE:KG).

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Board Of Patent Appeals Affirmed In Dispute Over Cancer Treatment Method

WASHINGTON, D.C. - An application claiming a genus of compounds lacks the required written description support if it discloses only one species that “cannot be said to be representative” of the genus, the Federal Circuit U.S. Court of Appeals held Oct. 30 (In Re Kenneth Alonso, No. 2008-1079, Fed. Cir.).
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9th Circuit: UCL Applies To Nonresidents In State, Not To Those Outside State

SAN FRANCISCO - California’s unfair competition law (UCL) can apply to nonresidents who allegedly were not paid overtime for work done in the state but does not apply to nonresidents for alleged violation of federal law outside the state, a federal appeals court held Nov. 6 (Donald Sullivan; Deanna Evich, Richard Burkow v. Oracle Corp., Oracle University, No. 06-56649, 9th Cir.).
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Goldman To Pay $100.5M To Liquidator Of General American Life Insurance

ST. LOUIS - Goldman Sachs Group Inc. on Nov. 6 agreed to pay $100.5 million to policyholders of General American Life Insurance in liquidation to settle a $3 billion lawsuit alleging that the investment bank gave bad advice to the insurer (Douglas M. Ommen v. Goldman Sachs & Co., No. 07-2145, Mo. Cir., St. Louis; See October 2007, Page 14).
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Alaska District Judge Denies Motion To Review Allocation Of Valdez Punitive Damages

ANCHORAGE, Alaska - U.S. Judge H. Russell Holland of the District of Alaska said Nov. 10 he does not have jurisdiction over the punitive damages award in the Exxon Valdez spill litigation because the Ninth Circuit U.S. Court of Appeals has not lifted a stay over a mandate to award $507 million in punitive damages to punitive class members pending a determination on interest (In re: Exxon Valdez, No. 89-95, D. Alaska.; See 11/4/08, Page 4).
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$16.56M Awarded In Fentanyl Pain Patch Death

CHICAGO - An Illinois state court jury on Nov. 18 awarded $16.56 million to the family of a woman who allegedly died from an overdose from a defective Duragesic fentanyl pain patch (John DiCosolo v. Janssen Pharmaceutica, et al., No. 2004-L-005351, Ill. Cir., Cook Co.).
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Shine-Vernon Legal Team Adds Minnesota and Missouri to List of States in Which It Has Filed Investor Claims to Recover Schwab YieldPlus Fund Losses — SWYSX, SWYPX

NAPLES, Fla., Nov. 25, 2008 (GLOBE NEWSWIRE) — The investor rights' legal team headed by former Securities and Exchange Commission attorney Thomas F. Shine and investor rights' attorney Christopher T. Vernon filed claims on behalf of

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Texas Supreme Court Requests Briefs On the Merits in CenterPoint Energy's True-Up Appeal

HOUSTON, Nov. 25, 2008 (GLOBE NEWSWIRE) — CenterPoint Energy, Inc. (NYSE:CNP) (the Company) announced today that the Supreme Court of Texas has requested the parties to the pending appeal of the decision by the Public Utility Commission of Texas on the Company's true up application to submit briefs on the merits.

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