On April 7, 2003, the California Supreme Court, held that California law authorizes a shareholder who is wrongfully induced to hold stock instead of selling it to bring a common law action for fraud or misrepresentation, if the shareholder can make a bona fide showing of actual reliance upon misrepresentations....
Most property policies provide the insurer with the right to avoid coverage when a fraud is detected. The fraud defense may arise either from a misrepresentation made by the insured in the procurement of the insurance policy or in the presentation of a claim. The two kinds of misrepresentations are...
The tort of negligent misrepresentation protects commerce from loss-producing, negligently supplied misinformation. It is restricted to the world of business transactions, broadly understood. Actual damages do not include mental anguish. Punitive damages are not recoverable in Texas, even in grossly negligent misrepresentation cases. Attorneys' fees incurred in the negligent misrepresentation...
WASHINGTON, Jan. 7 /U.S. Newswire/ -- Media Matters for America President and CEO, David Brock, sent the following letter to Staples CEO Ron Sargent in response to accusations of misrepresentation: WASHINGTON, Jan. 7 /U.S. Newswire/ -- Media Matters for America President and CEO, David Brock, sent the following letter to...
The Metropolitan Life Insurance Co Met and its CEO Harry P. Kamen are being sued for misrepresentation and fraud and for violations of the Racketeer Influenced Corrupt Organizations Act. A class action lawsuit filed for 20,000 people in the southeasternThe Metropolitan Life Insurance Co Met and its CEO Harry P....
Business Editors &Legal Writers NEW YORK--BUSINESS WIRE--Jan. 21, 2000---The following is an announcement by the law firm of Kirby, McInerney &Squire LLP: Please take notice that a class action lawsuit has been commenced on behalf of all purchasers...
During the last two years, a substantial number of wage/hour class action lawsuits have been filed by employees against their employers seeking to recover damages and other relief for the nonpayment of overtime wages. While some employers assume t During the last two...
On October 3, 2008, a class actionlawsuit was filed in the United States District Court for the District ofArizona against Medicis Pharmaceutical Corp. (NYSE: MRX). The complaintalleges violations of federal securities laws, Sections 10b and 20a ofthe Securities Exchange Act of 1934 and Rule 10b-5, including allegationsof issuing a...
Law offices of Brodsky & Smith, LLCannounces that a class action lawsuit has been filed on behalf of allpersons who purchased the common stock of Medicis Pharmaceutical Corp.("Medicis" or the "Company") (NYSE: MRX) between October 30, 2003 andSeptember 24, 2008 (the "Class Period"). The class action lawsuit wasfiled in...
Law offices of Brodsky & Smith, LLCannounces that a class action lawsuit has been filed on behalf of allpersons who purchased the common stock of Carter's, Inc. ("Carter's" or the"Company") (NYSE: CRI) between February 21, 2006 and July 24, 2007 (the"Class Period"). The class action lawsuit was filed in...
"MISSING FACTS, DATA AND ANALYSIS" SAN MATEO, Calif., Oct. 1 /PRNewswire/ -- A 36-page report documenting numerous and substantial factual errors, misrepresentations, faulty analysis and a clear lack of in-depth validation of information contained in the SBWMA Evaluation Team Recommendation was presented today to the members of...
Byline: By GARRY WILLEY A CONMAN with a taste for the high life is finally behind bars. Olufunsaho Suleman seemed a wealthy success, driving his executive BMW and with an interest in smart properties. But the 31-year-old was an illegal immigrant running identity rackets...
On September 23, 2008, a class actionlawsuit was filed in the United States District Court for the District ofColorado against The Spectranetics Corp. (NASDAQ: SPNC). The Complaintalleges violations of federal securities laws, Sections 10b and 20a ofthe Securities Exchange Act of 1934 and Rule 10b-5, including allegationsof issuing a...
Law offices of Brodsky & Smith, LLCannounces that a class action lawsuit has been filed on behalf of allpersons who purchased the common stock of Novatel Wireless, Inc. ("Novatel"or the "Company") (NASDAQ: NVTL) between February 5, 2007 and August 19,2008 (the "Class Period"). The class action lawsuit was filed...
Law offices of Brodsky & Smith, LLCannounces that a class action lawsuit has been filed on behalf of allpersons who purchased the common stock of The Spectranetics Corp.("Spectranetics" or the "Company") (NASDAQ: SPNC) between April 19, 2007and September 4, 2008 (the "Class Period"). The class action lawsuit wasfiled in...
Reveals Gross Misrepresentation of Religion, History and Social Studies SAN FRANCISCO -- The Institute for Jewish & Community Research IJCR today announces the release of The Trouble with Textbooks: Distorting History and Religion by Dr. Gary Tobin and Dennis Ybarra. The five-year study of 28 history,...
BENSALEM, Pa., Sept. 18 /PRNewswire/ -- Law Offices of Howard G. Smith announces an October 7, 2008, deadline to move to be a Lead Plaintiff in the securities class action lawsuit filed on behalf of all persons who purchased or otherwise acquired the common stock of Reddy Ice Holdings,...
BENSALEM, Pa., Sept. 17 /PRNewswire/ -- Law Offices of Howard G. Smith announces that a securities class action lawsuit has been filed on behalf of all purchasers of the securities of Harris Stratex Networks, Inc. ("Harris Stratex" or the "Company") between January 29, 2007 and July 30, 2008, inclusive...
TAMPA, FLA. -- The Florida attorney general's office has concluded a two-year investigation into the misrepresentation of fish as grouper by restaurants here. State Attorney General Bill McCollum declared the inquiry closed after Sysco Food Services-West Coast Florida Inc. agreed to update its seafood screening protocols, donate $100,000...
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