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...Shares in the group have fallen more than a quarter over the past year. The company’s push into baby formula through the acquisition of Mead Johnson is widely seen to have been a failure....
...This is possible because the third plaintiff — the National Association of Private Fund Managers — is based in Texas, part of the fifth circuit....
...The concept would mirror an existing fund set up by Blue Owl, the asset manager of Dyal HomeCourt Partners, to invest exclusively in National Basketball Association teams....
...legal action as part of a group....
...The case has been filed with one of the most conservative courts in the country, the US Court of Appeals for the Fifth Circuit, because one of the plaintiffs, the National Association of Private Fund Managers...
...Two Massachusetts residents are plaintiffs in the class action....
...The jury awarded $35mn more than the sum sought by the plaintiff’s lawyers in the case*....
...National World, the regional media group, has flagged its interest in any future sale of the Telegraph, with claims that it would be the “best qualified” to own the rival national newspaper....
...The judgment has wiped £5bn — or some 13 per cent — off the group’s market value. It is not hard to see why....
...laws, the plaintiffs said....
...The plaintiff in Illinois successfully claimed Reckitt failed to warn that infant formula feeding increased the risk of NEC....
...at “punishing” the group for exercising free speech....
.... . . with cleaning up the mess,” the plaintiffs allege....
...They are customers of dealers,” said Bryan Corbett, chief executive of the Managed Funds Association, one of the three plaintiffs along with the National Association of Private Fund Managers and the Alternative...
...Marks and Spencer has become the latest UK retailer to increase wages as large supermarket groups continue to battle to retain workers....
...History suggests the plaintiffs will also struggle outside the US....
...the judgment, if plaintiffs ultimately prevail....
...The plaintiffs argued the FDA had failed to comply with US laws governing agencies’ rulemaking....
...Anderson has also raised the prospect of splitting up the group to reverse the 50 per cent drop in Bayer shares over the past 12 months....
...Kasowitz said that students named as plaintiffs in the antisemitism lawsuits his firm is bringing would pay nothing....
...The state-backed group is the second-largest developer by sales in China and is one of the companies that has helped build modern China....
...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....
...They claim the halving of benefits breaches a commitment to pay in full when the scheme was set up in 1994, according to court filings and plaintiffs who spoke to the Financial Times....
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