Two international consulting firms that had earlier been named in a shareholder lawsuit filed against Hewlett Packard Co. have been given some respite. They have both been dropped from the lawsuit which had been filed by shareholders over HP’s disastrous acquisition of a British software firm.
The two consulting firms Deloitte Touche Tohmatsu and KPMG LLP have been dropped from the shareholder lawsuit filed after Hewlett-Packard completed its acquisition of software company, Autonomy. The shareholder lawsuit was filed last November.
In November…
General Electric has agreed to settle a shareholder lawsuit that was filed by investors, who alleged that the company lied about its financial health during the 2008 financial crisis. The company has agreed to pay $40 million to settle the allegations.
In the lawsuit filed by shareholders, the investors accused both General Electric Co. and its Chief Executive Jeffrey Immelt of lying about the company’s financial health. The lawsuit accused the company of hiding billions of dollars of bad assets from…
YouTube recently won a victory when a judge decided to side with the company, owned by Google, in a copyright infringement lawsuit that pitted the video portal giant against Viacom.
The lawsuit had been filed by Viacom, which alleged that YouTube was infringing on its copyrighted content, by posting video clips from popular shows like The Daily Show with Jon Stewart and South Park on the video portal. The $1 billion lawsuit been filed in 2007. In 2010, a judge delivered…
By: Sam G. Sherman, Esq.
In 2009 and 2011 decisions, California courts held that Plaintiffs can support a claim of discrimination with "me-too" evidence--evidence that the employer or a particular supervisor discriminated against other similarly situated employees in the past. Common examples involve a woman supporting a pregnancy discrimination case with evidence that the employer had terminated other female employees upon return from maternity leave.
In Hatai v. Department of Transportation, the plaintiff claimed he was discriminated against based on his…
Lance Armstrong's legal troubles don't seem to be ending any time soon. The disgraced cyclist faces a $3 million breach of contract lawsuit filed by the insurer that covered the bonuses of 3 of Armstrong's Tour De France cycling victories.
The company Acceptance Insurance is alleging unjust enrichment, fraud, and breach of contract in the lawsuit that it has filed in a court in Texas. According to the lawsuit, Armstrong committed fraud through cheating using banned substances during his high profile…
Mystery novelist Patricia Cornwell has been awarded $51 million in damages by a Boston jury, which found that her financial management company had been negligent of their fiduciary duty.
The award-winning novelist won $50.9 million in damages in a federal court in Boston. She had filed a lawsuit against her former financial management company, claiming in her lawsuit that the company, Anchin, Block and Anchin LLP, and its former principal Evan Snapper had been negligent in the handling of her finances.…
In a major development that concerns California securities litigation lawyers and investors, the federal administration has nominated Mary Jo White as chairwoman of the Securities and Exchange Commission. There has been a lot of praise for this decision to nominate White, who has been famous for her tough approach to investor security.
However, there are also some questions being raised about conflict of interest, especially concerning her past as a leading defense lawyer for some of these major corporations, as well…
By: Sam G. Sherman, Esq.
Many California employers have rounding policies that alter employee time entries to the nearest tenth (or other increment) of an hour. There is no California statute authorizing this practice and the court's have never specifically endorsed the legality of the practice.
The Plaintiff in Silva v. See' Candies Shop, Inc., sued See's Candies for various wage and hour violations and asked the court to rule before trial that See's Candie's rounding policy was…
Luxury homebuilder, Toll Brothers has agreed to settle a shareholder lawsuit for $16.2 million. The lawsuit had been filed by shareholder Milton Pfeifer in 2008, and alleged that the directors of Toll Brothers falsely told investors that Toll Brothers would be able to weather the housing market downturn.
According to the lawsuit, the directors of Toll Brothers including co-founders Robert and Bruce Toll made these claims to shareholders, and went on to sell millions of shares of the company between 2004…
A British court has upheld an earlier ruling that Samsung did not violate Apple's copyrights of its tablet computer design. The Court of Appeal cleared Samsung against Apple's allegations of copying its designs for tablet computers. This ruling is the latest in a series of decisions involving disputes between Apple and Samsung, who are currently engaged in a number of lawsuits across the world. These lawsuits are all linked to smart phones as well as tablet computers like Apple's iPad.…