Two developers namely Landillo and Austcorp have been accused in the federal court for allegedly misleading the investors. The Investor class action lawsuit has been filed against the two developers on the New South Wales central coast.
It seems the Hurrican Katrina is back in news once again, but from a legal point of view this time. Mr. Richard F. Scruggs, a leading plaintiff’s lawyer, has been found guilty in the Bribery Case in the The Mississippi federal court. He has been accused of an attempt to offer bribe of $50,000 for a favorable ruling in the dispute involving a $26.5 million settlement after Hurricane Katrina. It can be recalled that he was known as a leading plaintiff’s lawyers, after his successful battle against the tobacco industry in the 1990s. Scruggs was sentenced on Friday to five years. Also, the Mississippi federal court fined him $250,000 and ordered him to pay for the cost of his incarceration. Sidney A. Backstrom, a lawyer at Mr. Scruggs’s firm, was also found guilty and was sentenced for two years and fined $250,000.
A lawsuit has been filed against the Panzerotto Pizza and Wing Machine in the Ontario Superior Court of Justice. The lawsuit charges the companies of overcharging its franchisees for advertising, order processing and supplies.
The charge was brought by the former franchisee 6323588 Canada Ltd. It alleges that the Toronto based company misrepresented fees and policies regarding product rebates. It can be added that the company was founded in 1976 and it runs nearly 50 outlet chain in Toronto.
Brooks Automation Inc. announced that it has reached a settlement in the securities class action filed in June 2006. The class action lawsuit was filed in relation with the company’s stock option granting practices and related accounting. Under the terms of the agreement, $7.75 million will be paid into a settlement fund, pending final approval by the court of a plan of distribution.
David Martin committed suicide in April 2002 and left a suicide note that has brought charges against a Nova Scotia priest. The reason? He accused that several priests at Diocese of Antigonish, had sexually abused children in their care. And now, his brother Ronald Martin, has filed a class action against the Diocese of Antigonish on Tuesday.
Federal Court has today announced to adjourn the class action lawsuit by Opes Prime investors against the failed stockbroker, ANZ Bank and investment bank Merrill Lynch. The court has adjourned the lawsuit until August 21 for a further hearing. Opes Prime, which specialized in the borrowing and lending of securities, collapsed on March 27 after cash and stock movement irregularities were uncovered in a small number of accounts.
A class action lawsuit has been filed against the Nortel Networks Corp. over major changes to employee pension plans. Nelligan O’Brien Payne is seeking class-action certification for employees who saw their future pension benefits plunge in a series of cost-cutting actions, including layoffs, announced two years ago. Veteran Ottawa employee serves as the lead plaintiff in the class action lawsuit.
Online gambling is no longer an illegal one. A Webpreneur, Victor Palmer has founded a completely legal online gambling outfit called Centsports.com, in College Station, Texas. The site works something like this: Each user starts off with 10 cents in his or her account, provided by Centsports. From there, they can bet on any event for which Las Vegas bookmakers set a line. Once users accumulate $20 in winnings–the equivalent of doubling your money eight times, or striking gold on a 200-to-1 long shot, they can cash out a minimum of $10 and receive an actual check in the mail. Losers risk nothing, except perhaps a touch of pride.
Amoonguna, the central Australian Aboriginal community is likely to join the class action lawsuit against MacDonnell Shire. The community may join the lawsuit if it is successful in its High Court bid to stop local government changes today. It can be recalled that Amoonguna community has refused to cooperate with the transition to the MacDonnell Shire, due to take effect a week ago.
A class action lawsuit has been filed against the Fifth Third Bancorp in the United States District Court for the Southern District of Ohio. This security class action has been filed on behalf of all the purchasers who purchased the securities of Fifth Third Bancorp from October 19, 2007 through June 17, 2008. The class action includes those who purchased Trust Preferred Securities in an initial public offering on October 25, 2007.