Per the WSJ, U.S. District Judge Paul Friedman today spurned a government attempt to block Whole Foods from eating Wild Oats. The Federal Trade Commission asked Judge Friedman to enjoin the merger. He took 93 pages to say no.
Blawgletter would link to the opinion, but the court filed it under seal to protect
Shareholders of Sonus Networks sued in Massachusetts state court to recover damages to the company. The state court dismissed the case "without prejudice" for failure to plead a precondition to suit — "futility" of demanding that Sonus bring the action on its own behalf. The shareholder refiled in federal court. The district court dismissed because
A federal jury in Miami today found Jose Padilla and two co-defendants guilty on all counts. Washington Post story here.
The government charged the three of aiding al-Qaida and other Islamic extremists overseas.
In May 2002, then Attorney General John Ashcroft accused Padilla of planning to detonate a "dirty bomb" in the U.S. President
The Washington Post reports that a federal jury in Miami has reached a verdict in the criminal trial against Jose Padilla and two co-defendants. The government charges them with supporting al-Qaida and other Islamic extremists overseas.
The jury deliberated for a day and a half after a three-month trial.
The court will read the verdict
The Bush administration, per an amicus brief by the U.S. Solicitor General, sided with Wall Street yesterday in an important securities law case. See WSJ article, Dow Jones item, and Washington Post story.
The case tests the edges of federal securities law. The plaintiffs claim that investment banks, law firms, accountants, and
The Sixth Circuit today joined the Third and Seventh Circuits in holding that cashing out of an ERISA plan doesn’t kill standing to sue under section 502(a)(2). The statute allows a plan "participant" to bring a case for breach of fiduciary duty on behalf of the plan. The district court denied class certification on the
A wit scrawled the title of this post in a library carrel. It plays on two Greek names — Euripides and Euminides — and makes sense only if you say it out loud. You-rip-a-dese pants, you-men[d]-a-dese pants.
Blawgletter wishes that Administrative Law Judge Roy Pearson had the wit to heed the common sense of the
If two circuits split in the forest, do they make a sound?
Blawgletter supposes that they do. But, whether you agree with us on that epistomelogical question or not, we bet you know a circuit-split when you see it.
Take a gander at this one. The Ninth Circuit held that the American Pipe line of
The WSJ reports that a Florida jury awarded $170 million in actual damages against audit firm BDO Seidman for gross negligence. The plaintiff, a Portuguese bank, alleged that BDO botched its audit of a Miami financial services company, Bankest, by failing to detect Bankest executives’ fraud. The scheme led to Bankest’s bankruptcy, criminal convictions, and
A 2-1 Third Circuit panel today reversed a summary judgment in a price-discrimination case under the Robinson-Patman Act. The majority held that the district court erred by requiring too much proof of "competitive injury".
Michaels Foods, a supplier of egg and potato products, negotiated to charge below-list prices to Sodexho, a food distributor, but charged