LexisNexis® Legal Newsroom
Tom Moylan
W.Va. High Court: State Consumer Law Doesn’t Apply To Drug Cases

CHARLESTON, W.Va. - (Mealey's) The West Virginia Supreme Court of Appeals on Dec. 17 ruled that plaintiffs must show reliance and ascertainable loss in state consumer fraud cases and said the state law does not apply to prescription drugs ( Shirley...

Timothy Raub
'Largest Single Forfeiture In U.S. History' Announced In Madoff Lawsuit

NEW YORK - (Mealey's) In what is being called the "largest single forfeiture in U.S. history," the U.S. attorney for the Southern District of New York and others announced Dec. 17 that they have reached a $7.2 billion settlement with the...

OldEmailMarkRVespole
Potential Ramifications Of Supreme Court Decision 'Enormous' In Products Liability Cases

The U.S. Supreme Court has granted certiorari in two cases involving state long arm jurisdiction and the notoriously fuzzy "stream of commerce" doctrine. A decision on this issue will impact not only fundamental constitutional due process issues...

Brian Mahany
Lawsuits Over Koss Corp. Embezzlement Could Linger For Years

Milwaukee is a blue-collar industrial city. It is not known as a center of financial fraud. That changed with the arrest and conviction of Sujata Sachdeva, former vice president of finance for Koss Corp. Koss is a manufacturer of stereo headphones headquartered...

Kevin M. LaCroix
NERA Releases Year-End 2010 Securities Class Action Litigation Study

On December 14, 2010, NERA Economic Consulting released its annual year-end study of securities class action lawsuit filings and settlements. The report, entitled "Trends 2010 Year-End Update," can be found here . Among other things, the NERA...

Thomas O. Gorman
This Week In Securities Litigation (December 17, 2010)

The insider trading investigation being conducted by the Manhattan U.S. Attorney's Office again dominated events as the week ended. The inquiry spawned more charges and more guilty pleas and promises additional cases in the future. The Commission...