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2nd Circuit: Madoff Trustee Cannot Sue Banks On Behalf Of Customers

NEW YORK - (Mealey's) The Second Circuit U.S. Court of Appeals on June 20 affirmed a district court's ruling that Bernard L. Madoff Investment Securities LLC (BMLIS) trustee Irving H. Picard cannot sue JPMorgan Chase & Co., HSBC Holdings PLC, UBS AG and UniCredit SpA for the banks' alleged...

Vandeventer Black LLP: U.S. Supreme Court Establishes Enforceability Of Forum-Selection Clauses

By James Rixey In a recent decision, the U.S. Supreme Court established that contractual forum-selection clauses deserve near absolute deference and should be enforced in all but the most exceptional cases when deciding transfer of venue under 28 U.S.C. § 1404(a) [ enhanced opinion available...

Florida Jury Hears Opening Statements In Suit Over Smoker’s Fatal Heart Disease (Watch The Videos Of The Opening Statements)

BRADENTON, Fla. — Trial got under way in Florida state court April 29 with opening statements in a suit alleging that the death of a smoker of coronary artery disease at age 45 was the result of his years of smoking ( Madonna Dupre, et al. v. R.J. Reynolds Tobacco Co., et al. , No. 2011CA005529...