The Judicial Panel on Multidistrict Litigation will convene in the city by the bay on July 31. Their task? To do the important business of "centralizing" complex cases before individual federal judges so they can handle pretrial proceedings.
The Panel’s Notice of Hearing Session reads like a baedeker for the latest corporate disasters. The list for the San Francisco gathering includes, among other notables:
- Aftermarket Filters Antitrust,
- Municipal Mortgage & Equity, LLC, Securities and Derivative,
- Bear Stearns Securities, Derivative, and ERISA,
- Bisphenol-A (BPA) Polycarbonate Plastic Products Liability,
- "Cabotage", and
- Countrywide Mortgage Lending Practices.
Blawgletter counts at least three that relate to the credit mess. Sign of the times — and more to come, we wager.
