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January 28, 2009

I Didn’t Say That. But if I Did . . .

Nominees trying to weave through Senate confirmation minefields know the basic how-to’s for dodging difficult or embarrassing questions about prior statements, including: (1) deny the statement; (2) blame the media; (3) malign the people who leaked; (4) accept a bit of — but not too much — blame; (5) say that the offending quotes were taken way out of context; (6) drone on for a while about your deeply, sincerely held views contradicting the media version.

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Report: LA cardinal subject of federal probe

LOS ANGELES — Federal prosecutors are investigating Cardinal Roger M. Mahony and other officials of the Roman Catholic Archdiocese of Los Angeles over their handling of alleged clergy child molestation cases, according to reports published Wednesday.

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Zyprexa Off-Label Claims By United States, Whistle-Blowers Settled For Record $1.4B

PHILADELPHIA - Eli Lilly and Co. on Jan. 14 pleaded guilty to a federal misdemeanor criminal charge and agreed to a civil settlement for a total of $1.41 billion in fines, forfeiture and reimbursement for alleged off-label promotion of its Zyprexa atypical antipsychotic drug (United States of America v. Eli Lilly and Co., No. 09-cr-20, United States of America ex rel. Robert Rudolph v. Eli Lilly and Company, No. 03-943, United States of America ex rel. Joseph Faltaous v. Eli Lilly and Company, No. 06-2909, United States of America ex rel. Steven Woodward v. Eli Lilly and Company, No. 06-5526, United States of America ex rel. Jaydeen Vincente v. Eli Lilly and Company, No. 07-1791, E.D. Pa.).
Full story on lexis.com

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No Coverage Owed To Insured Agent Who Breached Binding Authority Agreement

NEW ORLEANS - A professional liability insurer owes no coverage to an agent for Hurricane Katrina claims paid by an insurer to policyholders who were erroneously issued policies by the agent because the underlying claims against the agent arose out of a contractual liability for which coverage is excluded under the policy, the Fifth Circuit U.S. Court of Appeals said Jan. 7 (RODCO Worldwide Inc. v. Arch Specialty Insurance Co., No. 07-30920, 5th Cir.; 2009 U.S. App. LEXIS 215).
Full story on lexis.com

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Dyer & Berens LLP Announces Its Investigation Regarding Losses Suffered by Investors Who Purchased Level 3 Communications, Inc. Common Stock Between 2/8/07 and 10/23/07

DENVER, Jan. 28, 2009 (GLOBE NEWSWIRE) — Dyer & Berens LLP today announced that it has initiated an investigation on behalf of purchasers of Level 3 Communications, Inc. ("Level 3" or the "Company") (Nasdaq:LVLT) common stock between February 8, 2007 and October 23, 2007. Dyer & Berens LLP believes that these investors may have claims under the federal securities laws for losses associated with potential misrepresentations and/or omissions.

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House passes bill to protect whistleblowers

WASHINGTON — The House voted Wednesday to strengthen whistleblower protections for federal employees, including those working for the Transportation Security Administration and others employed in national security areas.

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Law Office of Brodsky & Smith, LLC Announces Investigation of Investor Options in Possible Sale of Interwoven, Inc.

BALA CYNWYD, Pa., Jan. 28, 2009 (GLOBE NEWSWIRE) — Law office of Brodsky & Smith, LLC announces that it is investigating the legal ramifications of the proposed acquisition of Interwoven, Inc. ("Interwoven" or the "Company") (Nasdaq:IWOV) by Autonomy Corporation plc ("Autonomy Corp.") and Milan Acquisition Corp., a Delaware corporation and a wholly-owned subsidiary of Autonomy Corp. Autonomy Corp. has offered Interwoven shareholders $16.20 a share for their stock. The deal is valued at approximately $775 million. The deal appears to be undervalued given the fact that Interwoven stock traded at the offer level per share as recently as August 2008.

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January 27, 2009

US-POLITICS Summary

House poised to pass economic stimulus bill

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Va. Woman Gets 8 Years In Shooting

A Fairfax County jury sentenced a woman who shot her husband to death to eight years in prison yesterday after convicting her last week of voluntary manslaughter.

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Democrats Overturn Barrier to Unequal-Pay Suits

President Obama plans to sign into law tomorrow the first legislation of his White House tenure, reversing a recent Supreme Court ruling that had restricted the ability of women and other workers to sue for pay discrimination.

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