Seems like it is common practice for many to list the best and the worst for the year.
Worst 2012 lawsuits argue for 2013 reforms
January 2, 2013
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EDITORIAL: Worst 2012 lawsuits argue for 2013 reforms
Washington Examiner |
Subscription Required |
Jan 02, 2013
Did you hear the one about the repeat drunken driver in Florida who
killed a family in an accident, then sued them for pain and suffering?
Or the one about the parents who sued their son's school after he was
kicked out of an honors class for cheating? Or the woman whose car was
repossessed, prompting her to sue for $5 million for the gas she had put
in the tank?
Tags:
Lawsuit Abuse Impact
Toyota in $1.1 Billion Gas-Pedal Settlement
Wall Street Journal |
Subscription Required |
Jan 02, 2013
Toyota Motor Corp. agreed to pay about $1.1 billion to settle a
class-action lawsuit stemming from complaints of unintended acceleration
in its vehicles that soured its reputation for quality and undermined
its sales globally.
Tags:
Class Action
Toyota poised to put legal troubles in rear view mirror
ThomsonReuters |
Jan 02, 2013
Toyota Motor Corp eliminated a huge obstacle with a U.S. settlement over
unintended acceleration in its cars and trucks, leaving it to fight
smaller cases that will be harder for plaintiffs to prove and less
likely to damage the company's growing sales.
Tags:
Class Action
EDITORIAL: The Elephant in the Courtroom
Wall Street Journal |
Subscription Required |
Jan 02, 2013
Don't worry, kids. Elephants are staying in the circus. And the
animal-rights activists who tried to drive them out are paying a price
for their abusive litigation. On Friday Feld Entertainment, producer of
the Ringling Brothers and Barnum & Bailey Circus, announced a legal
settlement under which the American Society for the Prevention of
Cruelty to Animals (ASPCA) has paid $9.3 million to the company.
Tags:
Lawsuit Abuse Impact
Del. High Court: Objector Can Opt Out of Shareholder M&A Deal
American Lawyer |
Subscription Required |
Jan 02, 2013
In 2011, Celera Corp. reached a non-cash settlement with shareholders
who alleged that the company's board breached fiduciary duties during
Celera's 2011 merger with Quest Diagnostics. Ever since, Celera's
largest shareholder, the private equity firm BVF Partners, has been
objecting to the deal on the grounds that it accomplished little besides
generating money for plaintiffs lawyers.
Tags:
Delaware, Securities Litigation
Fourth Quarter Slowdown Drives Decline in 2012 Securities Class Action Filings
D & O Diary |
Jan 02, 2013
Largely as a result of a slowdown in new filings during the fourth
quarter, 2012 securities class action lawsuit filings were below the
filing levels of recent years and below historical averages. Filing
levels remained elevated in the natural resources, life sciences and
computer services industries, and filings against non-U.S. companies,
though off from 2011 record levels, remained above historical levels.
Tags:
Class Action, Securities Litigation
Accountants Skirt Shareholder Lawsuits
New York Times |
Jan 02, 2013
The accountants who service publicly traded companies are likely to have
something to be thankful for this year: shareholders are not filing
federal securities fraud lawsuits against them.
Tags:
Securities
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