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1	Magistrate: Online Posting Made Song A U.S. Work, Defeats Copyright Claims	14003
2	The LexisNexis Top 25 Labor and Employment Law Blogs of 2011	12700
3	Staub v. Proctor Hosp., 560 F.3d 647 (7th Cir. Ill., 2009)	11732

Class Waiver Provision In Lender's Loan Contract Found To Be Unconscionable

ST. LOUIS - A Missouri judge's finding that a class action waiver contained in a loan contract of a payday lender is unconscionable and unenforceable is not appealable, a Missouri appellate panel ruled Feb. 23 (Lavern Robinson v. Title Lenders Inc. d

Published Thu, May 27 2010 12:14 PM by LexisNexis® Financial Services Litigation News

9th Circuit Affirms Dismissal Of Proposed Class's RESPA, UCL Claims

SAN FRANCISCO - A federal judge's dismissal of a proposed nationwide class's claims that Wells Fargo violated Section 8(b) of the Real Estate Settlement Procedures Act (RESPA) by overcharging customers for services provided in connection with mortgage

Published Thu, May 27 2010 12:14 PM by LexisNexis® Financial Services Litigation News

Union Pension Fund Sues Goldman Sachs Over Executive Compensation

WILMINGTON, Del. - A union pension fund filed a shareholder derivative lawsuit against certain officers and directors of Goldman Sachs Group Inc. on March 8 in Delaware state court, alleging that the defendants committed corporate waste by paying top

Published Thu, May 27 2010 12:14 PM by LexisNexis® Financial Services Litigation News

Judge: Investor Failed To Plead Any Claims Against Investment Adviser

LEXINGTON, Ky. - A federal judge in Kentucky on Feb. 22 dismissed a limited liability company's amended complaint against investment adviser Oppenheimer & Co. Inc. for alleged auction-rate securities losses, ruling that the company has failed to properly

Published Thu, May 27 2010 12:14 PM by LexisNexis® Financial Services Litigation News

New York Federal Judge Certifies Class For AIG Securities Litigation

NEW YORK - A New York federal judge on Feb. 22 certified a class consisting of all shareholders of American International Group Inc. (AIG) stock during the period of Oct. 28, 1999, to April 1, 2005, as well as all people and entities that held the common

Published Thu, May 27 2010 12:14 PM by LexisNexis® Financial Services Litigation News

Participant In State Street Retirement Plan Files Stock-Drop Lawsuit

BOSTON - A participant in financial services company State Street Corp.'s retirement plan brought a class action lawsuit against the fiduciaries of the plan on Feb. 5, alleging that the fiduciaries breached their duties under the Employee Retirement Income

Published Thu, May 27 2010 12:14 PM by LexisNexis® Financial Services Litigation News

Federal Judge Allows 1 Fiduciary Duty Claim In Citigroup Suit To Proceed

NEW YORK - A federal judge in New York on March 16 allowed participants in Citigroup Inc.'s 401(k) plan to proceed with claims that the plan's fiduciaries acted imprudently by steering plan assets to affiliated mutual funds with higher investment advisory

Published Thu, May 27 2010 12:14 PM by LexisNexis® Financial Services Litigation News

Class Action Challenging Lending Practices Remanded To Ohio State Court

CLEVELAND - The local controversy exception to the Class Action Fairness Act (CAFA) applies to a lawsuit accusing a lender and several credit insurers of failing to properly refund premiums, an Ohio federal judge ruled Feb. 17 (American General Financial

Published Thu, May 27 2010 12:14 PM by LexisNexis® Financial Services Litigation News

7th Circuit: Code Applies To All Mortgages; Trustee Cannot Avoid Loans

CHICAGO - A panel of the Seventh Circuit U.S. Court of Appeals on Feb. 19 affirmed a district court's ruling that an amendment to the Indiana Code pertaining to residential mortgages applied to all such loans, not just those filed after the amendment

Published Thu, May 27 2010 12:14 PM by LexisNexis® Financial Services Litigation News

Federal Judge Reverses Sanctions Award; Evidence Against Lender Lacking

AKRON, Ohio - A federal judge in Ohio on March 16 reversed a bankruptcy court's sanctioning of a mortgage lender that attempted to foreclose on a debtor's house improperly, ruling that the evidence in the record did not support monetary damages (Countrywide

Published Thu, May 27 2010 12:14 PM by LexisNexis® Financial Services Litigation News

Federal Judge Dismisses Debtor's Action, Says Claims Part Of Bankruptcy Estate

SACRAMENTO, Calif. - A California federal judge on March 8 dismissed a debtor's action against a group of lenders she claims had improperly foreclosed on her property, ruling that any such action is now part of the bankruptcy estate (Dema Suetos v. Bank

Published Thu, May 27 2010 12:14 PM by LexisNexis® Financial Services Litigation News

Federal Judge Halts Foreclosure; Debtor Given Chance To Make Payments

PORTLAND, Ore. - A Maryland federal judge on Feb. 22 granted a debtor's request for a preliminary injunction so that he could avoid foreclosure on his home while he modifies his bankruptcy plan to make adequate payments on the mortgage (In Re: James P

Published Thu, May 27 2010 12:14 PM by LexisNexis® Financial Services Litigation News

Split 4th Circuit Reverses; Lender Entitled To Recover Post-Petition Fees

RICHMOND, Va. - A divided panel of the Fourth Circuit U.S. Court of Appeals on March 12 reversed a District Court ruling that a lender could not collect post-petition costs for a student loan debt that was discharged without being paid in full (Educational

Published Thu, May 27 2010 12:14 PM by LexisNexis® Financial Services Litigation News

Negative Equity Not Subject To Cramdown Power, 7th Circuit Rules

CHICAGO - A panel of the Seventh Circuit U.S. Court of Appeals on March 1 ruled that negative equity in an automobile was not subject to the cramdown power of a bankruptcy judge if it is secured as part of a purchase money security interest (In Re: Aubrey

Published Thu, May 27 2010 12:14 PM by LexisNexis® Financial Services Litigation News

SEC Sues Florida Couple Over Alleged Ponzi Scheme Involvement

MIAMI - The Securities and Exchange Commission filed a lawsuit against a Florida couple and their real estate development company on March 3, alleging that the defendants engaged in a $135 million Ponzi scheme from at least 2002 through 2009 (Securities

Published Thu, May 27 2010 12:14 PM by LexisNexis® Financial Services Litigation News

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Class Waiver Provision In Lender's Loan Contract Found To Be Unconscionable

9th Circuit Affirms Dismissal Of Proposed Class's RESPA, UCL Claims

Union Pension Fund Sues Goldman Sachs Over Executive Compensation

Judge: Investor Failed To Plead Any Claims Against Investment Adviser

New York Federal Judge Certifies Class For AIG Securities Litigation

Participant In State Street Retirement Plan Files Stock-Drop Lawsuit

Federal Judge Allows 1 Fiduciary Duty Claim In Citigroup Suit To Proceed

Class Action Challenging Lending Practices Remanded To Ohio State Court

7th Circuit: Code Applies To All Mortgages; Trustee Cannot Avoid Loans

Federal Judge Reverses Sanctions Award; Evidence Against Lender Lacking

Federal Judge Dismisses Debtor's Action, Says Claims Part Of Bankruptcy Estate

Federal Judge Halts Foreclosure; Debtor Given Chance To Make Payments

Split 4th Circuit Reverses; Lender Entitled To Recover Post-Petition Fees

Negative Equity Not Subject To Cramdown Power, 7th Circuit Rules

SEC Sues Florida Couple Over Alleged Ponzi Scheme Involvement