Recent Updates
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Michigan insurance rate court fight continues
National News 04/11/2009A Barry County judge has ruled that Michigan regulators must stop their practice of denying auto and home insurance rate filings that are based in part on credit scoring. Friday's ruling by Circuit Judge James Fisher is a victory for the insurance in...
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Christian Filmmaker Fights for Fair Use
National News 03/23/2009An independent Christian filmmaker says Rock Solid Productions tried to prevent him from releasing a documentary on the record company's evangelical Christian founder, singer-songwriter Larry Norman, by threatening to sue him for copyright infringeme...
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More Corruption Charges in NY
National News 03/19/2009The State of New York's former Deputy Comptroller and Chief Investment Officer David Loglisci and Henry Morris, top political adviser and chief fund raiser for Comptroller Alan Hevesi, demanded millions of dollars in kickbacks from investment manager...
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Killing of Sea Lions Allowed to Continue
National News 02/27/2009The 9th Circuit has refused to stop the states of Oregon, Washington and Idaho from trapping and killing California sea lions that prey on endangered salmon at the Columbia River's Bonneville Dam. In a three-page order, a panel of the San Francisco-b...
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Former Employees Sue the State of Arizona for Lay Offs
National News 02/23/2009Arizona violated its own rules by firing employees without five days notice and without offering a voluntary separation program, a class action claims in Maricopa County Court. The Service Employees International Union Local 5 Arizona and its members...
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UBS Bank Agrees to Pay $780M to SEC
National News 02/19/2009The second largest bank in Europe, UBS AG, has agreed to pay $780 million to settle SEC charges of unethical investment practices that allowed clients to avoid taxes through offshore accounts. The Securities and Exchange Commission brought charges ag...
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McDermott Will & Emery Lay of 60 Attorneys, 89 Staff
National News 02/06/2009McDermott Will & Emery LLP has laid off 60 attorneys and 89 staff members, becoming the latest Chicago law firm to retrench amid a sharp decline in business. In an internal memo sent to employees Tuesday, Chairman Harvey Freishtat said the firm p...
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SEC Charges Merrill Lynch with Securities Violations
National News 02/02/2009The Securities and Exchange Commission today charged Merrill Lynch, Pierce, Fenner & Smith, Inc. and two of its former investment adviser representatives with securities laws violations for misleading pension consulting clients about its money ma...
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Wyeth Shareholders Reluctant to Pfizer Sale
National News 01/28/2009Wyeth shareholders say the company is selling itself too cheaply to Pfizer - for $68 billion, or $33 for each Wyeth share, plus 0.985 of a Pfizer share. The federal class action claims that in the deal, announced Monday, Pfizer is taking advantage of...
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Missing Fla. hedge fund manager turns himself in
National News 01/27/2009A Florida hedge fund manager who disappeared this month just as he was due to pay investors $50 million turned himself in to authorities Tuesday to face federal securities and wire fraud charges.Arthur Nadel, accompanied by two attorneys, surrendered...
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Sludge company's ex-representative pleads guilty
National News 01/27/2009A former representative of a Texas company pleaded guilty Monday to federal bribery conspiracy, admitting a multiyear scheme to win a sludge recycling contract through cash and trips for Detroit officials.Jim Rosendall's cooperation with the FBI led ...
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Judge gives $65M to USS Pueblo Captives
National News 01/02/2009A federal judge in Washington, D.C., ordered North Korea to pay $65.85 million to two crew members of the USS Pueblo, the commander's widow and a civilian oceanographer for kidnapping and torturing the ship's crew in 1968. In a sordid 3...