The Supreme Court heard oral argument this morning in an important pension case under the Employee Retirement Income Security Act of 1974. Apparently it went well for those who favor interpreting ERISA so that it actually provides a remedy for victims of pension plan fiduciaries’ misdeeds.
According to the report on Bloomberg.com, justices "signaled
The Dallas Morning News — Blawgletter’s home town newspaper — published an article about the Supreme Court of Texas on the front page of the Business section. So? The article suggests that the court may now have swung as far pro-big business defendant as it went pro-personal injury plaintiff in the 1980s and early 1990s.
How will we know when we get exactly the right amount of civil litigation?
Several groups publish numbers on how much lawsuits cost Americans each year. They also emphasize the millions that lawyers earn. These yardsticks imply that we have too many legal actions.
Lawyer associations and consumer groups on the other hand tend to
In his NYT Talking Business column today, Joe Nocera counts "the bundle of networks [that] cable delivers into your home" as "one of the blessings" of the cable industry. Ha!
He writes that requiring cable giants like Comcast and Time Warner to let subscribers choose their channels "would be a consumer disaster." Double ha!
Texas governor (right) stands by Countrywide founder Mozillo in the go-go days of subprime lending.
Do you remember that golden era when almost anyone could get a home loan?
If you don’t, in the last year you’ve either (a) developed an extremely aggressive case of Alzheimer’s, (b) turned one year old, or (c) both.
Blawgletter
Cerberus Capital Management asked a trial court in New York City today to declare that United Rentals, Inc., has no contractual basis for forcing the former to buy the latter. So sayeth the WSJ.
Blawgletter commented yesterday on the unlikelihood that URI will defeat the three-nogginous hellhound.
And so it goes.
Barry Barnett
Abraham Lincoln (1809-1865).
By the President of the United States of America.
A Proclamation.
The year that is drawing towards its close, has been filled with the blessings of fruitful fields and healthful skies. To these bounties, which are so constantly enjoyed that we are prone to forget the source from which they come, others
The Second Circuit today upheld an award of $1 billion in punitive damages. The decision came in a case against a Turkish family that, the district court found, swindled Motorola and Nokia into lending the Uzans and their affiliates more than $2.8 billion to finance a telecommunications business.
The district court awarded the $1 billion
CRT displays have gotten skinnier.
Earlier this month, Blawgletter posted once and then again about a new antitrust investigation into possible price-fixing by makers of cathode ray tubes or CRTs. Agencies in Japan and Europe conducted raids at Samsung and Matsushita.
MarketWatch today reports that the probe includes Royal Philips — a Dutch company and
The United States Supreme Court today accepted review of an appeal in which two federal judges quoted from and relied on the Court’s infamous decision in Dred Scott v. Sandford, 60 U.S. 393, 450 (1857). The D.C. Circuit’s majority and dissenting opinions appear in Parker v. District of Columbia, 478 F.3d 370 (D.C.