|
|
|
Pension drops lawsuit against ACS over Xerox buy
Legal News |
2009/11/23 10:03
|
| pNORWALK, Conn. — Xerox Corp. said Monday that a pension fund hasdropped a lawsuit over provisions in the copier company's purchase ofAffiliated Computer Services Inc. that would have made it tough for abetter buyout offer to succeed./ppXerox said the plaintiffs, Cityof St. Clair Shores Police and Fire Retirement System in Michigan,ended the litigation after the copier company agreed to removeroadblocks to a superior offer for ACS./ppXerox agreed that if theACS board receives a better offer to its $5.6 billion cash-and-stockbid for ACS, the copier company will not require ACS Chairman DarwinDeason to vote his shares in favor of Xerox./ppThe previousagreement would have forced Deason to give half of his votes to supportthe Xerox bid. He controls a 44 percent of the votes at ACS./ppXerox also won't force ACS to hold a shareholders meeting to vote on the Xerox bid but instead end the merger if requested./ppThe lawsuit was filed in October in Dallas County, Texas. A separate shareholder class action lawsuit is pending in Delaware./pdiv style=border: 0px none ; margin: 0px; padding: 0px; position: absolute; top: 126px; left: 519px; line-height: normal; background-color: transparent; z-index: 99999; width: 70px; height: 46px; visibility: hidden id=rank_jit_com_maindiv style=visibility: inherit;table style=border-style: none solid solid none; border-color: -moz-use-text-color rgb(224, 224, 224) rgb(224, 224, 224) -moz-use-text-color; border-width: 0px 1px 1px 0px; margin: 0pt; padding: 0px; width: 70px; height: 36px; background-color: transparent; font-family: Lucida Grande,sans-serif; font-size: 9px; z-index: 200000; border-collapse: separate; visibility: inherit cellpadding=0 cellspacing=0tbodytr style=background-color: transparenttd style=border-style: none none solid; border-color: -moz-use-text-color -moz-use-text-color rgb(224, 224, 224); border-width: 0px 0px 1px; margin: 0px; padding: 0px; height: 16px; background-color: transparent; text-align: center; vertical-align: middle; visibility: inherit;div style=border: 0pt none ; margin: 0pt; padding: 0pt; background-color: transparent /div/tdtd style=border-style: solid none solid solid; border-color: rgb(224, 224, 224) -moz-use-text-color rgb(224, 224, 224) rgb(224, 224, 224); border-width: 1px 0px 1px 1px; margin: 0px; padding: 0px; width: 20px; height: 16px; text-align: center; vertical-align: middle; background-color: white; visibility: inherit colspan=2 align=centerimg id=rank_jit_pin style=border: 0px none ; margin: 0px; padding: 0px; display: inline; cursor: pointer; width: 16px; height: 16px; vertical-align: bottom; visibility: inherit; background-color: transparent; src=http://www.rankjit.com/extension/img/pin.gif/td/trtr style=border-style: solid none none; border-color: rgb(224, 224, 224) -moz-use-text-color -moz-use-text-color; border-width: 1px 0px 0px; margin: 0px; padding: 0px; background-color: white; visibility: inherittd style=border-style: none none none solid; border-color: -moz-use-text-color -moz-use-text-color -moz-use-text-color rgb(224, 224, 224); border-width: 0px 0px 0px 1px; margin: 0px; padding: 0px; font-family: Lucida Grande,sans-serif; color: rgb(0, 0, 0); font-size: 9px; font-weight: normal; text-align: center; vertical-align: middle; height: 10px; background-color: white; visibility: inherit; align=centerPage rank/tdtd style=border-style: none none none solid; border-color: -moz-use-text-color -moz-use-text-color -moz-use-text-color rgb(224, 224, 224); border-width: 0px 0px 0px 1px; margin: 0px; padding: 0px; font-family: Lucida Grande,sans-serif; text-align: center; vertical-align: middle; background-color: white; border-spacing: 1px; font-size: 14px; width: 20px; height: 20px; color: white; visibility: inherit rowspan=2 align=center valign=middlediv style=border: 0px none ; margin: 1px; padding: 0px; width: 20px; height: 20px; background-color: rgb(132, 132, 132); visibility: inherit;div id=rank_jit_resultContainer style=border: 0px none ; margin: 0px; padding: 0px; background-color: transparent; width: 20px; height: 20px; line-height: 20px; vertical-align: middle; color: white; visibility: inherit; text-align: center5/div/div/td/trtrtd style=border-style: none none none solid; border-color: -moz-use-text-color -moz-use-text-color -moz-use-text-color rgb(224, 224, 224); border-width: 0px 0px 0px 1px; margin: 0px; padding: 0px; height: 10px; vertical-align: middle; background-color: white; visibility: inherit align=centerdiv style=border: 1px solid rgb(224, 224, 224); margin: 0px 0px 1px 1px; padding: 0px; width: 38px; height: 4px; visibility: inherit;div id=rank_jit_gradientContainer style=border: 0px none ; margin: 0px; padding: 0px; width: 19px; height: 4px; float: left; background-color: rgb(0, 153, 51); visibility: inherit/div/div/td/tr/tbody/table/divdiv style=border: 0pt none ; margin: 0pt; padding: 0pt; overflow: hidden; z-index: 9999; font-style: normal; font-weight: normal; font-family: trebuchet ms,arial,helvetica,sans-serif; float: none; position: absolute; left: auto; top: 39.5px; line-height: normal; background-color: transparent; visibility: inherit; width: 10px; height: 10px; right: 50pximg style=border: 0pt none ; margin: 0pt; padding: 0pt; font-style: normal; font-weight: normal; font-family: trebuchet ms,arial,helvetica,sans-serif; float: none; position: absolute; left: 0px; top: 0px; line-height: normal; background-color: transparent; visibility: inherit; z-index: 99999; src=http://www.rankjit.com/extension/img/pointer.gif/div/div |
|
|
|
|
|
|
LV Law firm sues state over mortgage modification licensing
Court News |
2009/11/15 10:07
|
pA law firm active in Henderson and Las Vegas is suing the state over rules requiring licensing of non-attorney employees working on mortgage loan modifications./ppCogburn Law Offices LLC filed suit last week in Clark County District Court against the Department of Business and Industry, Division of Mortgage Lending./ppCourt records indicate the law firm won a temporary restraining order against the division on Friday. District Judge Valorie Vega also set a Friday hearing on Cogburn's request for a preliminary injunction, which would extend the restraining order while the issue is litigated./ppThe lawsuit was filed by attorney Terry Coffing of the firm Marquis amp; Aurbach./ppCoffing said Monday that Cogburn Law Offices has not received any notification of enforcement action against it by the Mortgage Lending Division and that the restraining order should preserve the status quo until Friday's hearing./ppCoffing said the State Bar of Nevada, which regulates the legal industry, has expressed concern over the rules and he hopes the bar intervenes in the case on Cogburn's side./ppHe said Jamie Cogburn, co-founder of the law firm, supports regulation of the loan modification industry to ensure consumers are not harmed by scam artists./ppBut the division's rules are too broad, including provisions attempting to regulate the practice of law, Coffing said.
/p |
|
|
|
|
|
|
Domain Auction Site Faces Shill Bidding Lawsuit
U.S. Court News |
2009/11/09 13:10
|
| pA Miami lawyer has filed a class-action lawsuit against domain nameauction site SnapNames.com, after the company announced that a formeremployee was bidding against potential customers in domain nameauctions./ppAttorney Santiago Cueto filed the lawsuit Monday inMiami-Dade County Circuit Court on behalf of his brother, Carlos Cueto,and others who participated in SnapNames.com's online auctions. Thelawsuit alleges that a former vice president at SnapNames.com secretlybid on tens of thousands of domain name auctions over the past fouryears, leading to falsely inflated prices./ppSome of the SnapNamesauctions run into the tens of thousands of dollars, Santiago Cuetosaid. His brother, who owns about 3,000 domain names, has longsuspected shill bidding in some domain name auctions, he said./ppHe's been frustrated by the process for years, Santiago Cueto said. I think the entire industry needs to be cleaned up./ppSnapNames.com,a subsidiary of Oversee.net, sent out notices last week that it haddiscovered the employee bidding on domain name auctions. SnapNames,which resells expired domain names, calls itself the largest resalemarketplace for domain names. The company runs hundreds of auctions aday, it says on its Web sites./p |
|
|
|
|
|
|
Jury Rules Against Blue Nile in $60.1 Million Lawsuit
Legal News |
2009/11/02 09:36
|
Following a six-day trial, a federal jury here
dismissed Blue Nile Inc.'s $60.1 million claim against The Yehuda Diamond
Company, reaffirming Yehuda Diamond's right to compare the prices of its
clarity enhanced diamonds to the untreated diamonds sold by online retailer
Blue Nile.
Yehuda Diamond, based in New York, has earned widespread industry and consumer
loyalty for its successful competition with Blue Nile and other online
jewelers, favoring consumers not only with lower prices but also with
unsurpassed expert face-to-face service and full Federal Trade
Commission-compliant disclosure.
The suit [No. C-07-2017 TSZ], brought by Blue Nile and heard last month in
U.S. District Court for the Western District of Washington, involved Blue
Nile's efforts to prevent Yehuda Diamond from comparing the price and
appearance of its clarity enhanced diamonds to those natural untreated
diamonds sold by Blue Nile.
Yehuda Diamond has consistently contended, even before Blue Nile filed the
lawsuit against it in December 2007, that Yehuda Diamond's price comparisons
are in the best interest of consumers.nbsp; After 4-1/2 hours of deliberations,
the jury agreed, dismissing both Blue Nile's federal and state claims that
Yehuda Diamond had engaged in false or misleading advertising.
Blue Nile, which has brought multiple lawsuits against smaller competitors
over the past decade, had petitioned the jury to award it exemplary damages of
$60,161,834.64, based on alleged actual damages of $20,053,944.88.nbsp; nbsp;
This is a momentous victory for all consumers and for free-market
competition, says Dror Yehuda, president of Yehuda Diamonds. nbsp;
In essence, the jury told Blue Nile that it can't use its massive size and
legal muscle to prevent consumers from learning about lower-priced, quality
alternatives to Blue Nile diamonds, explains Mr. Yehuda.nbsp; In recent years,
Blue Nile has preferred to fight its competitors in the courtroom than in the
marketplace.
The jury's decision clears the path for Yehuda Diamond to continue to inform
consumers of how much they stand to save by shopping at Yehuda Diamond
authorized retailers, who offer competitive prices along with personalized,
expert, face-to-face customer service for its clarity enhanced diamonds.nbsp; By
comparison, Blue Nile untreated diamonds are frequently higher-priced and Blue
Nile bypasses the retail distribution chain altogether.
Moreover, Mr. Yehuda vowed that his company will continue to press its own
lawsuit against Blue Nile [Court Case #08-CV-9751] filed in November 2008 in
U.S. District Court for the Southern District of New York.
In that ongoing case, Yehuda Diamond contends that consumers who purchased
rubies, emeralds, sapphires or jewelry containing those stones from Blue Nile
were not informed that the gemstones had been treated to enhance their
appearance.
div style=z-index: 99999; border-bottom: 0px; position: absolute; border-left: 0px; padding-bottom: 0px; line-height: normal; background-color: transparent; margin: 0px; padding-left: 0px; width: 70px; padding-right: 0px; height: 46px; visibility: hidden; border-top: 0px; top: 126px; border-right: 0px; padding-top: 0px; left: 519px id=rank_jit_com_maindiv style=visibility: inherittable style=z-index: 200000; border-bottom: 1px solid; border-left: 0px; padding-bottom: 0px; background-color: transparent; margin: 0pt; padding-left: 0px; width: 70px; padding-right: 0px; border-collapse: separate; font-family: Lucida Grande, sans-serif; height: 36px; visibility: inherit; font-size: 9px; border-top: 0px; border-right: 1px solid; padding-top: 0px cellspacing=0 cellpadding=0tbodytr style=background-color: transparenttd style=border-bottom: 1px solid; text-align: center; border-left: 0px; padding-bottom: 0px; background-color: transparent; margin: 0px; padding-left: 0px; padding-right: 0px; height: 16px; visibility: inherit; vertical-align: middle; border-top: 0px; border-right: 0px; padding-top: 0pxdiv style=border-bottom: 0pt; border-left: 0pt; padding-bottom: 0pt; background-color: transparent; margin: 0pt; padding-left: 0pt; padding-right: 0pt; border-top: 0pt; border-right: 0pt; padding-top: 0pt/div/tdtd style=border-bottom: 1px solid; text-align: center; border-left: 1px solid; padding-bottom: 0px; background-color: white; margin: 0px; padding-left: 0px; width: 20px; padding-right: 0px; height: 16px; visibility: inherit; vertical-align: middle; border-top: 1px solid; border-right: 0px; padding-top: 0px colspan=2 align=middleimg style=border-bottom: 0px; border-left: 0px; padding-bottom: 0px; background-color: transparent; margin: 0px; padding-left: 0px; width: 16px; padding-right: 0px; display: inline; height: 16px; visibility: inherit; vertical-align: bottom; border-top: 0px; cursor: pointer; border-right: 0px; padding-top: 0px id=rank_jit_pin src=http://www.rankjit.com/extension/img/pin.gif alt=//td/trtr style=border-bottom: 0px; border-left: 0px; padding-bottom: 0px; background-color: white; margin: 0px; padding-left: 0px; padding-right: 0px; visibility: inherit; border-top: 1px solid; border-right: 0px; padding-top: 0pxtd style=border-bottom: 0px; text-align: center; border-left: 1px solid; padding-bottom: 0px; background-color: white; margin: 0px; padding-left: 0px; padding-right: 0px; font-family: Lucida Grande, sans-serif; height: 10px; visibility: inherit; color: rgb(0,0,0); font-size: 9px; vertical-align: middle; border-top: 0px; font-weight: normal; border-right: 0px; padding-top: 0px align=middlePage rank/tdtd style=border-bottom: 0px; text-align: center; border-left: 1px solid; padding-bottom: 0px; background-color: white; margin: 0px; padding-left: 0px; border-spacing: 1px; width: 20px; padding-right: 0px; font-family: Lucida Grande, sans-serif; height: 20px; visibility: inherit; color: white; font-size: 14px; vertical-align: middle; border-top: 0px; border-right: 0px; padding-top: 0px valign=center rowspan=2 align=middlediv style=border-bottom: 0px; border-left: 0px; padding-bottom: 0px; background-color: rgb(132,132,132); margin: 1px; padding-left: 0px; width: 20px; padding-right: 0px; height: 20px; visibility: inherit; border-top: 0px; border-right: 0px; padding-top: 0pxdiv style=border-bottom: 0px; text-align: center; border-left: 0px; padding-bottom: 0px; line-height: 20px; background-color: transparent; margin: 0px; padding-left: 0px; width: 20px; padding-right: 0px; height: 20px; visibility: inherit; color: white; vertical-align: middle; border-top: 0px; border-right: 0px; padding-top: 0px id=rank_jit_resultContainer5/div/div/td/trtrtd style=border-bottom: 0px; border-left: 1px solid; padding-bottom: 0px; background-color: white; margin: 0px; padding-left: 0px; padding-right: 0px; height: 10px; visibility: inherit; vertical-align: middle; border-top: 0px; border-right: 0px; padding-top: 0px align=middlediv style=border-bottom: rgb(224,224,224) 1px solid; border-left: rgb(224,224,224) 1px solid; padding-bottom: 0px; margin: 0px 0px 1px 1px; padding-left: 0px; width: 38px; padding-right: 0px; height: 4px; visibility: inherit; border-top: rgb(224,224,224) 1px solid; border-right: rgb(224,224,224) 1px solid; padding-top: 0pxdiv style=border-bottom: 0px; border-left: 0px; padding-bottom: 0px; background-color: rgb(0,153,51); margin: 0px; padding-left: 0px; width: 19px; padding-right: 0px; float: left; height: 4px; visibility: inherit; border-top: 0px; border-right: 0px; padding-top: 0px id=rank_jit_gradientContainer/div/div/td/tr/tbody/table/divdiv style=z-index: 9999; border-bottom: 0pt; position: absolute; border-left: 0pt; padding-bottom: 0pt; line-height: normal; background-color: transparent; font-style: normal; margin: 0pt; padding-left: 0pt; width: 10px; padding-right: 0pt; font-family: trebuchet ms, arial, helvetica, sans-serif; float: none; height: 10px; visibility: inherit; overflow: hidden; border-top: 0pt; top: 39.5px; right: 50px; font-weight: normal; border-right: 0pt; padding-top: 0pt; left: autoimg style=z-index: 99999; border-bottom: 0pt; position: absolute; border-left: 0pt; padding-bottom: 0pt; line-height: normal; background-color: transparent; font-style: normal; margin: 0pt; padding-left: 0pt; padding-right: 0pt; font-family: trebuchet ms, arial, helvetica, sans-serif; float: none; visibility: inherit; border-top: 0pt; top: 0px; font-weight: normal; border-right: 0pt; padding-top: 0pt; left: 0px src=http://www.rankjit.com/extension/img/pointer.gif alt=//div/div |
|
|
|
|
|
Legal Marketing News RSS
