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US financial regulation
Private funds sue to stop ‘unlawful’ SEC disclosure rules
...“The SEC has overstepped its statutory authority and core legislative mandate, leaving us no choice but to litigate,” said Bryan Corbett, president of the Managed Funds Association, one of the plaintiffs...
September 1, 2023
News in-depthReckitt Benckiser Group PLC
Fight, settle or split? How a $60mn damages verdict is piling pressure on Reckitt
...In the latest case, the US plaintiff’s baby died of Necrotising Enterocolitis (NEC), an often fatal condition in premature infants....
March 22, 2024
FT Live
Investing in America
Foreign companies as drivers of US growth, resilience and competitiveness
Tuesday, 10 DecemberHybrid Conference
Elon Musk
Lawyers in Musk pay case seek $6bn in Tesla shares
...In a filing with the Delaware Court of Chancery on Friday, Bernstein Litowitz Berger & Grossmann, the lead counsel for the plaintiff shareholders, conceded such an award was “unprecedented” in absolute value...
March 2, 2024
Argentina
Argentina’s new government faces test over $16bn US judgment
...History suggests the plaintiffs will also struggle outside the US....
January 8, 2024
DraftKings
US lawyer who put Big Tobacco on trial takes aim at sports betting
...Two Massachusetts residents are plaintiffs in the class action....
December 8, 2023
Correction
Correction: Reckitt
...A US jury award of $60mn in damages to a mother who said her baby died after consuming Reckitt’s Enfamil baby formula was $35mn more than the sum sought by the plaintiff’s lawyers, not $25mn more as...
March 18, 2024
FT Live
Innovative Lawyers Awards Asia-Pacific
Celebrating innovations from both law firms and in-house teams in the region
Thursday, 16 MayHong Kong
Retail & Consumer industry
Reckitt shares plunge after $60mn damages over baby formula
...The jury awarded $35mn more than the sum sought by the plaintiff’s lawyers in the case*....
March 15, 2024
Climate legislation
Portugal’s Gen-Z sues dozens of governments over climate change
...With this case, the court holds the key to making this happen,” said Amy Sander, KC, a barrister for the plaintiffs, in her statement on Wednesday....
September 27, 2023
Six theatre shows to see in London
Minority Report, Lyric Hammersmith — timely tale of AI thought police rebooted
...Here it’s Julia — rather than John — Anderton who is the central character, and she’s a British neuroscientist rather than an American police chief....
April 30, 2024
News updates from May 1: Fed signals that rates will remain higher for longer; Yen gains amid intervention speculation
Johnson & Johnson proposes $6.5bn settlement to resolve talcum powder lawsuits
...J&J is seeking a “pre-packaged” bankruptcy, allowing the company to expedite the Chapter 11 process if 75 per cent of plaintiffs back the move....
May 1, 2024
Johnson & Johnson Co Inc
Johnson & Johnson proposes $8.9bn talc settlement
...The proposed deal follows a decade-long legal battle between plaintiffs’ lawyers and J&J....
April 4, 2023
Shale Oil & Gas
US shale companies accused of collusion over oil price
...Thomas Burt, partner at Wolf Haldenstein, a law firm representing plaintiffs in the New Mexico case, said he expected more lawsuits to follow....
May 13, 2024
Johnson & Johnson Co Inc
Johnson & Johnson proposes $6.5bn deal to settle talc cancer lawsuits
...Johnson & Johnson has offered an improved $6.5bn settlement to tens of thousands of plaintiffs claiming that its talcum powder products caused ovarian cancer, in its latest attempt to draw a line under the...
May 1, 2024
Berkshire Hathaway Inc
Buffett’s real estate brokerage to pay $250mn over commission lawsuits
...The plaintiffs asked the judge to triple that amount to $4.7bn....
April 26, 2024
LexReckitt Benckiser Group PLC
Reckitt’s baby formula woes will stoke calls for a break-up Premium content
...That adds up to a lot of potential plaintiffs....
March 18, 2024
FT Live
Innovative Lawyers Summit
Guiding business in a new global age
Wednesday, 11 SeptemberLondon, UK
News updates from March 4: US Supreme Court rules Trump can remain on Colorado ballot; aviation regulator finds compliance issues at Boeing
Former X executives sue Musk for $128mn in severance pay
...Musk’s “purported termination of plaintiffs “for cause” was a sham designed to deprive plaintiffs of their severance benefits”, the filing said....
March 4, 2024
Oil & Gas industry
US landowners sue to force oil company clean-up of abandoned wells
.... . . with cleaning up the mess,” the plaintiffs allege....
February 23, 2024
GSK PLC
GSK readies for pivotal ruling in Zantac cases
...The immediate fate of 72,000 of them lies with a judge in Delaware who, after a hearing in January, is expected to announce within weeks whether to admit plaintiffs’ scientific evidence alleging that the...
April 24, 2024
Climate change
Indonesia islanders file climate lawsuit against Swiss cement group Holcim
...“Our existence is under threat,” said Asmania, one of the plaintiffs. “We want those responsible to now finally take action.”...
February 1, 2023
Tesla Inc
Winning lawyers in Musk pay dispute may make billions
...In the US, plaintiffs’ lawyers often take most or all of their fees from a portion of a settlement or judgment, a so-called contingency arrangement....
January 31, 2024
News updates from March 25: Boeing CEO to step down; UN Security Council calls for Gaza ceasefire
Lawsuit from Elon Musk’s X against anti-hate speech group dismissed by US judge
...“Sometimes it is unclear what is driving a litigation, and only by reading between the lines of a complaint can one attempt to surmise a plaintiff’s true purpose....
March 25, 2024
News updates from January 11: US inflation edges up more than expected, Chesapeake and Southwestern to combine in $7.4bn deal
Judge rules creditors owed $16bn from YPF can begin seizing Argentinian assets
...Preska rejected the request on Thursday, ruling that the plaintiffs may begin attempting to recoup their award via asset seizures....
January 11, 2024
Elon Musk
Former Twitter executives sue Musk in $128mn severance dispute
...Musk’s “purported termination of Plaintiffs ‘for cause’ was a sham designed to deprive Plaintiffs of their severance benefits”, the filing said. A representative for X declined to comment....
March 4, 2024
McKinsey
McKinsey faces US criminal investigation over opioid industry work
...McKinsey has paid almost $1bn in settlements since 2021 with plaintiffs, including US states and local governments, seeking compensation for the costs of dealing with an epidemic of addiction....
April 24, 2024
Reckitt Benckiser Group PLC
Reckitt chief vows to overturn baby formula verdict
...The plaintiff in Illinois successfully claimed Reckitt failed to warn that infant formula feeding increased the risk of NEC....
March 18, 2024

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