HP Sues Ex-CEO Hurd Over Oracle’s Job Offer by Richard Gonzales NPR reports: Mark Hurd recently was fired from his job as CEO of Hewlett-Packard after a scandal involving an extra-martial relationship. One of HP’s main tech rivals — Oracle — wants to make Hurd its co-president. That’s prompted HP…
H-P Sues to Stop Ex-Chief’s Job By ROBERT A. GUTH, BEN WORTHEN And JOANN S. LUBLIN . The Wall Street Jornal Reports: Hewlett-Packard Co. sued to block its former chief executive from joining rival Oracle Corp. as a senior executive, alleging Mark Hurd’s hiring breaches his exit agreement and…
Landis Said to File Suit Against Cycling Team By JULIET MACUR Published: September 3, 2010 Floyd Landis, who was stripped of the 2006 Tour de France title for doping, is claiming that Lance Armstrong’s former team defrauded the government. This article in the New York Times describes the entire…
Wall Street Banks Benefit From Tougher Suit Standards in U.S. By Thom Weidlich – Sep 8, 2010 This Bloomberg article should be read in full at the above link. It describes how all knids of lawsuits will be tougher to pursue in federal court with stricter standards for setting…
Our Illinois class action attorneys recently noted a Seventh Circuit decision ending a class-action case in the difficult realm of securities fraud. In Re Guidant Corporation, No. 08-2429 (7th Cir. Oct. 21, 2009), is a securities class action stemming from allegedly misleading statements Guidant Corp. made about its implanted…
Fortune Reports: How Ronald Perelman Met His Match Fortune magazine provides an insightful account of billionaire Ronald Perelman’s litigation on behalf of his daughter against his ex-wife’s family of New Jersey book store and publishing distributor magnates. The New Jersey state court sanctioned Perelman’s counsel in excess of a…
Larger Bounties Spur Surge in Fraud Tips according to a recent Wall Street Journal article. The article can be read in full by clicking on the link to it at the start of this post. It describes that large bounties are now available to whistle blowers who report financial…
The Wall Street Journal reports: Restaurateurs Under Siege Multiple High-Profile Names Being Targeted in Lawsuits Alleging Wage Violations The article describes the spate of lawsuits filed in New York against high profile restaurants for alleged wage theft for unpaid wages and tips. The increase in lawsuits for unpaid overtime…
As Illinois closely held business dispute attorneys, we read with interest an appellate decision in a dispute over the extent to which a company officer can act without the board’s approval. In Fritzsche v. LaPlante, No. 2-09-0329 (Ill. 2nd March 2010), the “rogue” officer was M. Christine Rock, the…
Our Illinois defamation attorneys and Chicago business law lawyers were interested to see a recent Second District Court of Appeal case affirming the fair-report privilege for newspapers accused of defamation. That was one cause of action in Eubanks v. Northwest Herald Newspapers, No. 2-08-0812 (Ill. 2nd 2010), in which…