According to a report released today by Cornerstone Research , the number of average settlements of securities class action dropped by more than 50% in 2008. Researchers observed a sharp drop, a median amount of cases settled in 2008 was $8 million, compared with $9 million in 2007.
Archive for the 'Europe' Category
PRAGUE - The Czech presidency of the European Union (EU) said Wednesday it supports the International Criminal Court in the Hague after it issued an arrest warrant for Sudanese President Omar al-Bashir.
LONDON - Italian designer Roberto Cavalli might face legal action as his licensing company Ittierre SpA has filed a lawsuit against him.
LONDON - A lawsuit has been filed against pop singer Prince by a lawyer in Los Angeles.
Prince was supposed to play in Dublin’s Croke Park on June 16 last year. But according to MCD productions he failed on the deal, reports mirror.co.uk.
The Stanford class action lawsuit was filed late Tuesday in the U.S. District Court for the Southern District of Texas by four investors who allege that they lost $1.75 million in Stanford CDs.
THE HAGUE - The International Criminal Court has denied that it has issued a warrant for the arrest of Sudanese president Omar Hassan al-Bashir, the Dutch news wire ANP reported Thursday.
LONDON - Italian writer Adriana Pichini has filed a lawsuit against the makers of the Oscar nominated movie ‘The Curious Case of Benjamin Button’.
LONDON - Producers of Tom Cruise’s new movie ‘Valkyrie’ are reportedly facing possible legal action over the use of a Nazi prop in the film.
LONDON - A lawsuit filed against ‘Hancock’ director Peter Berg, alleging he played a part in the death of a golf cart driver, has been dropped.
LONDON - A British man and a woman who were arrested by Dubai police after having been found to have sex on a beach have returned home, their lawyers said.