Top News

Appeals piling up against DOL over its fiduciary rule

Jessica Karmasek Feb. 27, 2017, 2:50pm

A group of associations have filed an appeal in the U.S. Court of Appeals for the Fifth Circuit and a Kansas-based company has filed an appeal in the U.S. Court of Appeals for the Tenth Circuit over the controversial new rule. The rule mandates financial professionals who service individual retirement accounts, including IRAs and 401(k) plans, to serve the “best interest” of the savers and disclose conflicts of interest.

N.D. Supreme Court awards attorney fees to defendants in 'frivolous' lawsuit

Melissa Busch Feb. 27, 2017, 8:38am

BISMARCK, N.D. (Legal Newsline) – The North Dakota Supreme Court recently awarded attorney fees to defendants in a Native American tort claim case, overturning a district court decision.

N.Y. treatment facility not liable for violent actions of former resident

Sara McCleary Feb. 27, 2017, 8:36am

ALBANY, N.Y. (Legal Newsline) – The New York Court of Appeals has overturned a lower court’s decision about whether a substance-abuse treatment facility is responsible for the actions of a resident after being discharged.

New York, Illinois lead coalition supporting federal protections for higher education students

Mark Iandolo Feb. 27, 2017, 8:08am

NEW YORK (Legal Newsline) – New York Attorney General Eric T. Schneiderman announced Feb. 22 that he joined with Illinois Attorney General Lisa Madigan and a coalition of other attorneys general in sending a letter to the U.S. Department of Education Secretary and leaders in Congress.

HealthDrive dental practice to pay $1.5 million after allegedly overbilling MassHealth for nursing home visits

Mark Iandolo Feb. 27, 2017, 8:07am

BOSTON (Legal Newsline) – Massachusetts Attorney General Maura Healey announced Feb. 17 that dental provider Dr. Alec H. Jaret, doing business as HealthDrive Dental Group, and its billing agent, HealthDrive Corp., will pay $1.5 million after allegations of overbilling MassHealth for nursing home visits.

When, how or will Trump change consumer protection bureau's leadership

Jessica Karmasek Feb. 27, 2017, 8:06am

Richard Cordray, a former Ohio attorney general, remains the head of the Consumer Financial Protection Bureau, considered a thorn in the side of many Republicans. Some experts say they are surprised President Donald Trump hasn’t yet given Cordray the boot.

SEC charges Terminus Energy with allegations of misleading investors about its products

Mark Iandolo Feb. 27, 2017, 8:06am

WASHINGTON (Legal Newsline) – The Securities and Exchange Commission (SEC) announced Feb. 14 that it charged Terminus Energy, a California-based penny stock company, and four corporate officers with allegations of misleading investors. 

SEC obtains emergency court order freezing brokerage accounts of a Chinese national suspected of insider trading

Mark Iandolo Feb. 27, 2017, 8:05am

WASHINGTON (Legal Newsline) – The Securities and Exchange Commission (SEC) announced Feb. 10 that it obtained an emergency court order freezing brokerage accounts amassed by Shaohua (Michael) Yin in the wake of Comcast Corp.’s acquisition of DreamWorks Animation SKG Inc. after allegations of insider trading.

IWLA to settle allegations about business practices

Mark Iandolo Feb. 27, 2017, 8:05am

NEW YORK (Legal Newsline) – New York Attorney General Eric T. Schneiderman announced Feb. 22 that The International Women’s Leadership Association (IWLA) agreed to settle allegations that it has misrepresented the methods it used to select recipients for a business networking program.

Morgan Stanley pays $8 million penalty after allegations linked to single inverse ETF investments

Mark Iandolo Feb. 27, 2017, 8:04am

WASHINGTON (Legal Newsline) — The Securities and Exchange Commission (SEC) announced Feb. 14 that Morgan Stanley Smith Barney will pay $8 million and admit wrongdoing after allegations related to single inverse ETF investments it recommended to advisory clients.

Fla. SC ruling rejects state Legislature’s ability to limit attorney fees in claims bills

Jessica Karmasek Feb. 24, 2017, 2:44pm

In Florida, state law limits recovery against the State or its agencies or subdivisions to $100,000 per person or $200,000 per incident in damages, with a 25 percent cap on attorneys’ fees. To get more, lawmakers must pass a claims bill, or a relief act.

Georgia high court says no punitive damages under state’s Computer Systems Protection Act

Richard Jones Feb. 24, 2017, 8:29am

ATLANTA (Legal Newsline) – Georgia’s highest court last month weighed in on whether a plaintiff can be awarded punitive damages as compensation for losses under the Georgia Computer Systems Protection Act. 

Institutions should include CFPB's database in risk assessment

Tabitha Fleming Feb. 24, 2017, 8:27am

WASHINGTON (Legal Newsline) – The Consumer Financial Protection Bureau’s website could be used as a data-mining tool for plaintiffs attorneys, says Douglas Thompson of Bryan Cave.

Two sue children's hospital over phone calls

Jenie Mallari-Torres Feb. 24, 2017, 8:23am

SAN DIEGO (Legal Newsline) — Two San Diego consumers have filed a class action lawsuit against a San Diego hospital, alleging violation of telephone harassment statutes, such as the Telephone Consumer Protection Act (TCPA).

Seagram's Ginger Ale has no ginger, lawsuit complains

Wadi Reformado Feb. 24, 2017, 8:22am

SAN JOSE, Calif. (Legal Newsline) — A California woman has filed a class action lawsuit Coca-Cola, alleging fraud and negligent misrepresentation.

Moose Munch Popcorn the subject of class action lawsuit

Louie Torres Feb. 24, 2017, 8:19am

NEW YORK (Legal Newsline) — A New York consumer has filed a class action lawsuit against Harry and David, alleging fraud and negligent misrepresentation.

Shareholder alleges Stemline Therapeutics violated federal securities laws

Wadi Reformado Feb. 24, 2017, 8:18am

NEW YORK (Legal Newsline) — A shareholder has filed a class action lawsuit against a bio-pharmaceutical company and its executives, alleging violation of federal law.

JFK Courtyard settles price-gouging allegations

Mark Iandolo Feb. 24, 2017, 8:18am

NEW YORK (Legal Newsline) — New York Attorney General Eric T. Schneiderman announced Feb.13 that Granite JFK LLC and Crossroads Hospitality Company, which own and operate, respectively, the Courtyard by Marriott New York JFK Airport hotel, have agreed pay $48,000 to settle allegations of illegal price gouging during the Jonas ice storm in January 2016.

New York attorney general joins opposition to Commercial Vessel Incidental Discharge Act

Mark Iandolo Feb. 24, 2017, 8:14am

NEW YORK (Legal Newsline) — New York Attorney General Eric T. Schneiderman announced Feb. 15 that his office has joined 10 other attorneys general in writing a letter to Sens. Mitch McConnell of Kentucky and Charles Schumer of New York, asking for them to oppose to the Commercial Vessel Incidental Discharge Act. 

New York targets David Barton Gyms for allegedly failing to refund customers after closing

Mark Iandolo Feb. 24, 2017, 8:13am

NEW YORK (Legal Newsline) — New York Attorney General Eric T. Schneiderman announced a lawsuit Feb. 15 against Club Ventures Investments LLC,doing business as David Barton Gyms (DBG), and related entities that own and operate four David Barton Gyms in New York City.