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SEC Lawsuit Targets Money Manager Tied To Coaches

DALLAS - (AP) A money manager for college basketball coaches who committed suicide last month was part of a scheme that defrauded more than 100 investors of $39 million through the sale of bogus corporate bonds, the Securities and Exchange Commission alleged in a lawsuit Monday. The suit, filed in U...

Judge: Lawsuit Against Former Blackwater 'Hangs By A Thread'

ALEXANDRIA, Va. - (AP) A jury will continue to hear a civil lawsuit alleging fraud by the security contractor once known as Blackwater, but a judge said Tuesday the case "hangs by a thread." Lawyers for Blackwater, now known as Xe Services, asked the judge to dismiss the case. It alleges Blackwater...

Allstate Sues Goldman Sachs Over Toxic Investments

(AP) Allstate Corp. is suing Goldman Sachs Group Inc. claiming the broker fraudulently sold it more than $123 million in mortgage-backed securities in 2006 and 2007, before the housing market collapse sent the investments' value plunging. The insurer claims in a lawsuit filed in New York that the...

Drafting General Releases After Centro: How to Preclude or Preserve Future Claims of Fraud and Breach of Fiduciary Duty

By Eric L. Goldberg, Thomas D. Kearns and Thomas J. Fleming Court of Appeals decision in Centro. A recent New York Court of Appeals decision highlights the shift in New York law towards the enforceability of general releases even in the context of fiduciaries. In Centro Empresarial Cempresa, S.A. v...

Virginia's 2-Year Statute Of Limitations Dooms Swedish Firm's Negligence Lawsuit

A Swedish law firm has failed in its effort to sue a director of a former client for "misrepresentation" in Virginia federal court after the court ruled the claim was barred by Virginia's two-year statute of limitations applicable to negligence claims. The law firm had conceded that it...

Mortgage Meltdown Litigation Pays Hundreds Of Millions To Injured Plaintiffs

The economy seems to be heading at last into recovery territory, and the mortgage crisis that began in 2007 is starting to seem like old news. But the effects of the lax underwriting standards and other questionable loan practices that spawned the crisis continue to play out in courts across the country...

And The Beat Goes On. . . Medicaid Fraud Suits Continue Churning and Returning Taxpayer Money Paid To Medical Providers

In anticipation of the upcoming U.S. presidential election, the news cycle is heating up with discussions about federal and state budget deficits and funding for Medicare/Medicaid programs. Both the Republican and Democratic Parties are lining up and getting ready to pitch their proposals to the public...

William A. Ruskin: Keeping Your Adversary's Environmental Expert Honest

By William A. Ruskin Law 360 reported on April 12, 2013 that Steven Donziger , counsel for the indigenous Ecuadorians known as the Lago Agrio plaintiffs, “meddled” in the preparation of a key environmental report used against Chevron as part of an effort to secure, by hook or by crook...