The Empire is still out there. I don't think it's wise to... No time to discuss this as a committee. I am not a committee! You can't make the jump to light-speed in this asteroid field... Sit down, sweetheart. We're taking off! Look! I see it, I see it. We're doomed! The cave is collapsing. This is no cave....
Continue ReadingDownload Full Article Pontiac After nearly six hours of mediation Tuesday, the Detroit-based rock band The Romantics reached an agreement with a former bandmate, averting an Oakland County Circuit Court trial scheduled to begin this week that would have opened up tax and business records, personal bankruptcy and, perhaps, the seamier side of the recording industry. The Romantics, who...
Continue Reading$2.975 million settlement in securities fraud class-action lawsuit where management had misrepresented the scope and severity of alleged FDA violations Securities fraud class-action suit is settled In a securities fraud class-action lawsuit in U.S. District Court for the Eastern District of Michigan, the plaintiffs argued that defendant Caraco Pharmaceutical Laboratories Ltd. and its management had misrepresented the scope and...
Continue ReadingDistributor: Contract to not sell in restricted territory breached Arbitration panel agrees supplier’s vendor network was knowingly usurped By: Michigan Lawyers Weekly Staff in Verdicts & Settlements October 28, 2011 In a breach-of-contract action filed with the American Arbitration Association, plaintiff Heat Controller International, LLC (International) sought monetary damages from defendant Heat Controller, Inc. (HCI) for soliciting and purchasing...
Continue ReadingHeat Controller International, LLC (“International”), had a global, with an emphasis on Asia, supply and distribution network for air conditioning equipment that had been developed over the course of many years. In 2002, International entered into a contract with Heat Controller, Inc. (“HCI”) to supply air conditioning goods to HCI and to sell HCI’s goods outside the U.S. and...
Continue ReadingManagement-led buyout disputed by class ‘Going-private’ takeover deal criticized, deemed less than value of shares By: Michigan Lawyers Weekly Staff in Verdicts & Settlements August 19, 2011 In a class-action lawsuit filed in Shawnee County District Court in Kansas, shareholder plaintiffs challenged the acquisition of defendant Kinder Morgan, Inc. (KMI) by a group led by Richard Kinder, KMI’s largest...
Continue ReadingAuto supplier management accused of fraud Class action contends improper accounting led to company’s collapse By: Michigan Lawyers Weekly Staff in Verdicts & Settlements October 15, 2010 In a class-action lawsuit filed in U.S. District Court for the Eastern District of Michigan, plaintiff Craig D. Epstein and approved class members sought damages from defendants Heartland Industrial Partners, L.P.; Heartland...
Continue ReadingRough Road to Recovery Criminal charges, and bankruptcy impede securities fraud class-action case By: Douglas Levy in News Stories October 15, 2010 October 15, 2010 As E. Powell Miller and Marc L. Newman can attest, pursuing a class-action lawsuit involving securities fraud can become difficult when the company being sued files for bankruptcy. Naturally, Newman said, “it limits the...
Continue ReadingOnly the Westlaw citation is currently available. United States District Court, S.D.New York. In re AMERICAN INTERNATIONAL GROUP, INC.2008 SECURITIES LITIGATION. This Document Relates To: All Actions. Master File No. 08 Civ. 4772(LTS). Sept. 27, 2010. Barrack, Rodos & Bacine, by: Leonard Barrack, Esq., Jeffrey W. Golan, Esq. (pro hac vice), M. Richard Komins, Esq., Robert A. Hoffman, Esq.,...
Continue Reading630 N.W.2d 646245 Mich.App. 759, 630 N.W.2d 646 (Cite as: 245 Mich.App. 759, 630 N.W.2d 646) Court of Appeals of Michigan. Thomas VESTEVICH, d/b/a Thomas Vestevich, D.D.S., P.C., and Employees Profit Sharing Trust, Plaintiffs-Appellants, and 545 Corporation, Ronald W. Barringer, Marie Wilson, Ronald M. Griggs, Sam Rosemberg, Aleksey Kumming, Raisa Kumming, Steve Arens, Sandra Arens, Daniel Downs, Donald J....
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