Tobacco Company Sues Over New Law
New Law Allow Government Authority Over Tobacco Company. In late June, President Barack Obama signed The Family Smoking Prevention and Tobacco Control Act into law. The law will allow the federal government broad authority over tobacco products and will also allow regulators to control cigarette packaging and marketing as well as how … [Read more...]
Family falls ill, sues over tainted peanut butter
Staples Filed A Lawsuit Against ConAgra Foods Tainted Peanut Butter. Deverne Staples thought nothing of the peanut butter sandwiches she fixed for herself and her three kids as an after-school snack on Feb. 1. Until the next day. That's when Ryan McCollum, her 10-year-old son, started "throwing up violently," the South Shore woman … [Read more...]
Massachusetts Sues Prudential Over Brokers’ Trades
Prudential Short-Term and Late Trading of Shares. Prudential Securities was sued by Massachusetts Secretary of the Commonwealth William Galvin for failing to supervise brokers who allegedly engaged in short-term and late trading of mutual-fund shares. The civil complaint says three former brokers in the firm's Boston office Martin … [Read more...]
Ohio Attorney General Sues Freddie Mac
Freddie Mac Misleading Accounting Practices. Ohio's attorney general sued mortgage giant Freddie Mac on Friday over what he called the company's "deliberately misleading accounting practices." Attorney General Jim Petro is seeking to recover more than $25 million lost by state retirement systems for teachers and public … [Read more...]
Tyco Sues Its Former CEO
Tyco Sued Its Former Chief Executive. Tyco International Ltd. today sued its former chief executive, L. Dennis Kozlowski, and former chief financial officer Mark H. Swartz, alleging that they made more than $40 million in "short-swing" stock trades. The lawsuit, filed in Manhattan federal court, alleges the two men made dozens of … [Read more...]
New York Sues Five Telecom Execs
Telecom Execs Conflicts of Interest. After spending much of the year targeting star stock analysts for conflicts of interest, New York Attorney General Eliot Spitzer has turned the tables on top executives for what he says are conflicts that netted them millions of dollars at the expense of individual investors. Spitzer on Monday … [Read more...]
Allegheny Energy Sues Merrill Lynch Over Purchase of Energy Trading Unit
Merrill Lynch Fallout From The Enron Scandal. Allegheny Energy Inc. and Merrill Lynch & Co. are accusing each other in separate lawsuits of trying to avoid fallout from the Enron scandal. Allegheny, based in Hagerstown, sued the nation's largest brokerage Wednesday over the utility's purchase last year of Merrill's energy trading … [Read more...]
Former Analyst Sues Salomon Over Firing
Salomon Is Being Sued By A Former Analyst. A former junior analyst at Salomon Smith Barney who contends he was fired for refusing to issue an upbeat research report has sued the company for $100 million. The analyst, Kenneth A. Boss, who was fired by ‘Salomon’, a Citigroup subsidiary, in June, contends that he was pressured by two … [Read more...]
Family Sues Over Brain-Damaged Son
Negligence For A Brain-Damaged Boy. A Boca Raton family is suing doctors for negligence after one twin boy was born normal and the other suffered permanent brain damage. • Check Out The Best 18 Golf Holes From Vero To Boca • Get The Latest Weather • Sign Up For Daily News Flashes • Find A New Car For The New Year Eyewitness … [Read more...]
