The team that tried the case Blawgletter reported Friday afternoon has now issued a press release. It says:
A Dallas County jury has awarded more than $178 million to minority shareholders of an NL Industries, Inc. subsidiary who alleged that a pattern of misconduct deprived them of the true value of their investment.
Defendants included
A Dallas County civil jury this afternoon awarded clients of Susman Godfrey L.L.P. and Fish & Richardson, P.C., $33.7 million in actual damages, $145 million in punies, and $7 million in prejudgment interest.
The trial in the 192nd District Court of Dallas County, Texas, lasted two weeks. Judge Craig Smith presided.
The case somehow
The Nile River runs through Egypt.
The California Public Employees' Retirement System last week sued the big three credit rating outfits for giving AAAs to three "structured investment vehicles" in which CalPERS invested $1.3 billion. California Public Employees' Retirement System v. Moody's Corp., No. CGC-09-490241 (Cal. Superior Ct. July 9, 2009). WSJ Law
The huge fraud by that newest of North Carolinians, Bernard Madoff, cost hundreds of people billions of dollars. Who'll pay them back? Not Bernie; his Ponzi scheme, by its nature, made the money go poof.
But what about the advisers that steered clients to invest with Mr. Madoff? Surely they must make good their advisees'
You don't see a lot of mergers these days — unless you mean mergers with the infinite, acquisitions by oblivion, pacts with ferryman Charon. Deal lawyers all over find themselves brushing up on things like the Uniform Commercial Code chapters that concern the calling of notes, foreclosures upon collateral, and the undoing of fraudulent transfers.
So — to
Something, plainly, has roused the worry of dominant firms. Witness today's WSJ — that stalwart of bigness and friend of the status quo — which featured these headlines:
Section 2 of the Sherman Act: Back from the Nearly Dead
Deals of the Day: Obama's Aggressive Antitrust Stance
Video: Day Ahead: Telecoms Under Antitrust Scrutiny
Tech Today:
The Antitrust Division at the U.S. Department of Justice yesterday filed a brief that the Second Circuit asked for in a case involving "reverse payments" to settle a patent lawsuit. RPs let a brand name drug-maker delay or limit competition by a maker of a generic copycat. The brand name owner — who also holds a patent that relates somehow
Today the Seventh Circuit deflected a barrage of darts from an order that certified class treatment of Commodity Exchange Act claims.
The plaintiffs alleged that Pacific Investment Management Company drove up the price of 10-year U.S. Treasury notes. PIMCO did the deed by buying more than 40 percent of the note inventory. The cornering strategy hurt the plaintiffs because
I'll huff, and I'll puff!
Frank Churchill and Ann Ronnell wrote the lyrics to a Depression-era favorite, Who's Afraid of the Big Bad Wolf. Walt Disney's Silly Symphony cartoon, "Three Little Pigs", featured the song.
The title reminds Blawgletter of an Obama-era antitrust probe, which features Google as the likely bad guy that may
This man sells lysine. He also wears a wire for the FBI.
Blawgletter enjoys the comedic stylings of Matt Damon. Even as a janitor at MIT, Damon made with the funny stuff. Dark funny, yes. But funny.
Now Damon stars as a bi-polar price-fixer who turns state's evidence on his employer, Archer