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Legal News
18 Sep 2015
by Emelina Perez

[JURIST] The US Department of Justice (DOJ) [fficial website] announced Thursday that General Motors (GM) [corporate website] has reached a deal to accept charges of wire fraud and a $900 million fine [press release] for allegedly concealing information about ignition-switch defects for more than a decade. Under a deferred-prosecution agreement, … [read more]

Legal News
27 Jul 2015
by Devin Montgomery

The US National Highway Traffic Safety Administration (NHTSA) [official website] announced [press release] Monday that it has imposed a record $105 million penalty against Fiat Chrysler [corporate website] for its failure to provide a remedy and notices for 23 recalls related to malfunctions of their automobiles. Defective suspension systems could … [read more]

Legal News
2 Jul 2015
by William Helbling

[JURIST] The U.S. Department of Transportation’s National Highway Traffic Safety Administration (NHTSA) [official website] on Thursday determined [press release] that Fiat Chrysler [official website] failed to provide a remedy and notices for 23 recalls related to malfunctions of their automobiles. It is reported [AP report] that the Chief of the … [read more]

Legal News
16 Jun 2015
by Valerie Howell

[JURIST] The US Court of Federal Claims [official website] ruled [opinion, PDF] Monday that the Federal Reserve [official website] bailout of AIG [corporate website] in 2008 exceeded its authority but did not award any damages. The suit was brought by former AIG CEO Maurice Greenberg and claimed that the Federal … [read more]

Legal News
14 Apr 2015
by Alexandra Farone

[JURIST] The Fukui District Court issued an injunction on Tuesday halting the restart of two nuclear reactors is Takahama, Japan. These reactors, operated by Kansai Electric Power [official website], met the basic safety guidelines set by Japan's Nuclear Regulatory Agency (NRA) [official website, in English] and were scheduled to re-open … [read more]

Legal News
23 Mar 2015
by Alison Sacriponte

[JURIST] A judge for the US District Court for the Southern District of New York [official website] gave final approval Friday to a $970.5 million settlement for shareholders of the insurance giant American International Group (AIG) to settle claims [NYT documents] that shareholders were misled about the subprime mortgage exposure … [read more]

Legal News
11 Dec 2014
by Peter Snyder

[JURIST] The US Court of Appeals for the Second Circuit [official website] on Wednesday overturned [opinion, PDF] the insider trading convictions of two former hedge fund traders. Defendants Todd Newman and Anthony Chiasson were convicted in May 2013 on charges of "conspiracy to commit insider trading and insider trading in … [read more]

Legal News
3 Oct 2014
by Elizabeth LaForgia

[JURIST] The trial involving allegations of insider trading in shares of Airbus Group [corporate website] began on Friday after an eight-year investigation. Seven current and former managers at Airbus Group and two former industrial shareholders in Airbus' parent European Aeronautic Defense & Space Co. (EADS) [corporate website] are accused of … [read more]

Legal News
26 Aug 2014
by Ann Schober

[JURIST] The district court in Fukushima, Japan, ruled Tuesday that a woman's family may be compensated for her death after determining that her depression and suicide were caused by the March 2011 nuclear meltdown [IAEA backgrounder] of a nearby power plant. The family of chicken farmers lived in their mortgaged … [read more]

Legal News
1 Aug 2014
by William Helbling

[JURIST] The European Court for Human Rights (ECHR) [official website] on Thursday ruled [judgement, PDF] that Russia must pay € 1.87 billion (USD $2.51 billion) to the former owners of the now defunct Russian oil company Yukos to compensate for unfair tax proceedings. The ECHR ruling comes three years after … [read more]

Professional Commentary
23 Jul 2014
by Renee Mattei Myers and Redeate Dessalegn of Eckert

JURIST Guest Columnists Renee Mattei Myers and Redeate Dessalegn of Eckert, Seamans, Cherin & Mellott, LLC discuss the effect of the recent US Supreme Court decision in Burwell v. Hobby Lobby Stores, Inc. on employers and employees... In a 5-4 decision, the US Supreme Court held the Department of Health … [read more]

Legal News
23 Jun 2014
by Jaclyn Belczyk

[JURIST] The US Supreme Court [official website] on Monday limited [opinion, PDF] shareholders' class action suits for securities fraud. In Halliburton Co. v. Erica P. John Fund, Inc. [SCOTUSblog backgrounder], the court declined to overturn its 1988 decision in Basic Inc. v. Levinson [text]. Halliburton Co. [corporate website] has faced … [read more]

Legal News
26 Mar 2014
by Elizabeth LaForgia

[JURIST] The US Supreme Court [official website] heard oral arguments [transcript, PDF] Tuesday on whether companies have a right to an exemption from the contraception provision of the 2010 Patient Protection and Affordable Care Act (PPACA) [text; JURIST backgrounder] for religious reasons. The plaintiffs in the combined cases of Sebelius … [read more]

Legal News
19 Mar 2014
by Daniel Mullen

[JURIST] The US Department of Justice (DOJ) [official website] on Wednesday announced [press release] a $1.2 billion settlement agreement [text, PDF] with Toyota [corporate website] for misleading customers and US regulators. The criminal complaint [text, PDF] against Toyota alleges that the company intentionally concealed information from the public regarding a … [read more]

Student Commentary
5 Mar 2014
by Tara Pakrouh of Widener University School of Law

JURIST Guest Columnist Tara Pakrouh, Widener University School of Law Class of 2015, discusses Merck & Co.'s $100 million settlement concerning the corporation's NuvaRing contraceptive device, the board's liability and the fiduciary duties it owes to its shareholders...In a December 2000 email to his colleagues, the Director of US Reproductive … [read more]

Legal News
14 Feb 2014
by Stephen Adelgren

[JURIST] The US Court of Appeals for the Ninth Circuit [official website] issued an opinion [ruling, PDF] on Thursday reinstating a shareholder class-action lawsuit against BP Alaska [corporate website] for securities fraud after the case had been dismissed by a lower federal court. The case had been dismissed for inadequate … [read more]

Legal News
3 Dec 2013
by Kimberly Bennett

[JURIST] A French court on Monday ordered a trial for German car maker Daimler AG and French industrial conglomerate Lagardere SCA, shareholders in Airbus' parent European Aeronautic Defence & Space Co. (EADS) [corporate websites], in an insider trading investigation dating back to 2006. EADS is a global pan-European aerospace and … [read more]

Academic Commentary
5 Nov 2013

JURIST Guest Columnist Ruthann Robson of the CUNY School of Law argues that allowing seemingly sectarian corporations to use religious beliefs as grounds for denying employees benefits mandated under the Patient Protection and Affordable Care Act could create many problems ... Can a corporation have a religion? That's the simplified … [read more]

Legal News
5 Nov 2013
by Amy Mathieu

[JURIST] The US Court of Appeals for the Second Circuit [official website] on Tuesday upheld [opinion, PDF] the dismissal of shareholders' lawsuit against Freddie Mac [corporate website] alleging the company misled investors by understating its sub-prime mortgage exposure and overstating its capital strength. The US District Court for the Southern … [read more]

Student Commentary
3 Sep 2013

JURIST Guest Columnist Nicholas Caselli, University of Chicago Law School Class of 2015, discusses the circuit split created by Conestoga Wood Specialties Corp v. Sebelius and argues that the right of corporations to impose their religious beliefs was correctly denied..."For-profit, secular corporations cannot engage in religious exercise." With this sentence, … [read more]

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