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Domain Auction Site Faces Shill Bidding Lawsuit
U.S. Court News |
2009/11/09 13:10
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| 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 |
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Securities Class Action Trial Starts This Week Against Vivendi
U.S. Court News |
2009/10/05 15:29
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The litigation equivalent of Halley's comet is about to streak into view in Manhattan federal district court. Yes, folks, when trial in the shareholder suit against Vivendi and two of its former executives begins this week before Judge Richard Holwell, it may be your once-in-a-lifetime chance to witness a so-called f-cubed securities class action trial, involving foreign investors who bought shares of foreign companies on foreign exchanges. Paul Saunders of Cravath, Swaine amp; Moore giving the opening statement for the defendants and Arthur Abbey of Abbey Spanier Rodd amp; Abrams is appearing as lead counsel for the plaintiffs. James Quinn of Weil, Gotshal amp; Manges, our most recent Litigator of the Week, is cocounsel for the defense.
Plaintiffs in the case, which has been around since 2002, are shareholders across the U.S. and Europe who allege that Vivendi--then known as Vivendi Universal--made false and misleading statements in 2001 and 2002, when Vivendi's former CEO, Jean-Marie Messier, was transforming the French water company into a media conglomerate through a mad dash of acquisitions. Plaintiffs claim that Vivendi, Messier, and former chief financial officer Guillaume Hannezo concealed a liquidity crisis, whose revelation ultimately caused the stock to drop.
a href=http://www.law.com/jsp/tal/digestTAL.jsp?id=1202434303037amp;On_y_va_Extremely_Rare_FCubed_Securities_Class_Action_Trial_Starts_This_Week_Against_VivendiRead more.../a |
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Dannon Settles Activia Lawsuit
U.S. Court News |
2009/09/21 11:56
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pLast year we wrote that Dannon Co.was being sued for claiming that some of its yogurts provide a healthbenefit that other yogurts do not. A class action suit filed inCalifornia’s Los Angeles federal court accused Dannon of falselyadvertising its Activia, Activia Lite, and DanActive products andclaimed Dannon initiated a massive false advertising campaign toconvince consumers to pay more for yogurt containing probiotic bacteria./ppNow, reports the LA Times, Dannon just settled the a href=http://www.yourlawyer.com/topics/overview/consumer_newsfalse-advertising lawsuit/a.The yogurt giant also agreed to create a $35-million fund meant toreimburse those consumers who bought Dannon’s Activia and DanActiveyogurts. Dannon denied the claims and did not admit to any wrongdoing,said the LA Times, but stated that it settled because it wished “toavoid the distraction and expense of litigation,” quoting spokesmanMichael Neuwirth.span id=more-12816/span/ppProbiotic is a term that means “for life.” The human intestinaltract is filled with a huge amount of helpful, probiotic bacteria,which is a good thing since the human body is designed to havesymbiotic relationships with probiotic bacteria that assist indigestion and destroy harmful microorganisms. Science indicates that asthe body ages, the intestinal tract becomes more rigid at onlyaccepting intestinal flora it recognizes; it is difficult for the bodyto recognize or tolerate new good bacteria. Also, good bacteriadecrease; therefore, it is important to supplement with probiotics,initiating this process early on in life./ppAnecdotal evidence suggests friendly bacteria help a variety ofdigestive problems; however, in the United States, no health claims forprobiotics have been approved. The United Nation’s Food and AgricultureOrganization defines probiotics as live microorganisms … which confer abeneficial health effect on the host. In other words, for bacteria tobe considered a probiotic, it must be beneficial to humans. As aresult, if food manufacturers label a food as containing probiotics,the benefits must be proven by research./ppa href=http://www.newsinferno.com/archives/12816Read more.../a
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Demjanjuk appeals German court decision
U.S. Court News |
2009/05/07 10:46
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Suspected Nazi guard John Demjanjuk's attorney says he has appealed a Berlin court ruling that stymied an attempt to stop his client's deportation from the United States.
p
Lawyer Ulrich Busch told The Associated Press late Thursday he is asking for the German government to retract its agreement to take Demjanjuk on humanitarian grounds./ppHe says it might take two weeks for the appeal filed with a Berlin administrative court to be ruled upon. And he says even if the ruling is in Demjanjuk's favor, American authorities still could deport him./ppDemjanjuk (dem-YAHN'-yuk) is wanted in Germany on an arrest warrant accusing him of being an accessory to 29,000 murders at the Nazis' Sobibor death camp in occupied Poland. He denies the charges./p |
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