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July 31, 2009
DALLAS, Aug. 1, 2009 (GLOBE NEWSWIRE) — Kendall Law Group, led by a former federal judge and U.S. Attorney, announces that it is investigating shareholder claims against Huron Consulting Group, Inc. (Nasdaq:HURN) because of that company’s announcement that its financial statements from 2006-2009 cannot be relied upon due to certain non-cash compensation expenses related to four acquired businesses.
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Updated July 31 A number of Republican senators have made public statements in support of or in opposition to the nomination of appeals court Judge Sonia Sotomayor to the Supreme Court. Below is a scorecard with a running tally that we’ll keep up to date between now and the vote by the full Senate. LATEST ANNOUNCEMENTS ? Sen. Lamar Alexander (Tenn.), the No. 3 Republican in the party’s Senate leadership, announced on Thursday that he will vote to confirm Sonia Sotomayor for the U.S. Supreme Court, making him the highest-ranking member of the party to endorse her. TOTALS GOP: 40 Out For: 6 Out Against: 16 Republicans Supporting Sotomayor ? Sen. Lindsey Graham (S.C.)* ? Sen. Lamar Alexander (Tenn.) ? Sen. Susan Collins (Maine) ? Sen. Olympia Snowe (Maine) ? Sen. Richard Lugar (Ind.) ? Sen. Mel Martinez (Fla.) Republicans Opposing Sotomayor ? Sen. Jeff Sessions (Ala.)* ? Sen. Orrin
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McALLEN, Texas — U.S. Sen. Kay Bailey Hutchison of Texas explained to a ballroom of Hispanic small business owners Friday that she would not vote to confirm the country’s first Hispanic Supreme Court justice next week out of concern for protecting gun ownership rights.
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DENVER (Reuters) - Ex-Qwest <Q.N> Chief Executive Joseph Nacchio could get his six-year prison sentence and $52 million penalty for insider trading reduced, after an appeals court said on Friday he was improperly sentenced.
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SEATTLE, July 31, 2009 (GLOBE NEWSWIRE) — Genzyme Corporation (Nasdaq:GENZ), a Cambridge, Massachusetts-based biotechnology company, is the target of an investigation by Seattle-based shareholder-rights law firm Hagens Berman Sobol Shapiro (HBSS), following reports that Genzyme may have delayed news concerning manufacturing problems.
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NEW YORK, July 31, 2009 (GLOBE NEWSWIRE) — The Rosen Law Firm, P.A. announces that it is investigating potential civil claims against the board of directors of Bankrate, Inc. (”Bankrate” or the “Company”) (Nasdaq:RATE), concerning possible breaches of fiduciary duty and other violations of law related to the Company’s entry into an agreement to be acquired and taken private by funds advised by Apax Partners (”Apax”), a private equity firm, in a transaction valued at approximately $571 million.
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July 30, 2009
MINNEAPOLIS - On June 18, after hearing four days of oral arguments, a jury in the U.S. District Court for the District of Minnesota quickly returned a verdict against defendant Jammie Thomas-Rasset in the closely watched and highly publicized retrial of copyright infringement charges related to her sharing of music files on the KaZaA online peer-to-peer network (Capitol Records, et al. v. Jammie Thomas-Rasset, No. 06-1497, D. Minn.; See June 2009, Page 7).
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ORLANDO, Fla. - Three general causation plaintiff experts will stay in upcoming trial pool cases in the Seroquel multidistrict litigation with limitations, the judge overseeing the MDL ruled July 20 (In Re: Seroquel Products Liability Litigation, MDL Docket No. 1769, No. 06-md-1769, M.D. Fla., Orlando Div.).
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ATLANTA - The 11th Circuit U.S. Court of Appeals affirmed July 22 that insureds improperly filed a direct action for breach of contract against their automobile insurer without first obtaining a judgment against the alleged uninsured motorists pursuant to Georgia’s Uninsured Motorist Act, further finding that the insureds have not pleaded that the insurer waived the act’s condition precedent or purposefully misled them (Terry Eugene Harden, et al. v. State Farm Mutual Automobile Insurance Co., No. 08-15008, 11th Cir.).
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PASADENA, Calif. - A California federal judge abused her discretion when she relied on a mortgage company’s uniform exemption policy “to the near exclusion of other factors relevant to the predominance inquiry” in considering a motion to certify the class in an overtime suit, the Ninth Circuit U.S. Court of Appeals ruled July 7 (In re: Wells Fargo Home Mortgage, No. 08-15355, 9th Cir.; 2009 U.S. App. LEXIS 14864).
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