May 2012 Archives
Dewey & LeBoeuf has filed a voluntary petition for Chapter 11 bankruptcy in New York. The firm's Chief Restructuring Officer, Jonathan Mitchell, said in a statement accompanying the petition that the firm will wind down its business and liquidate its assets. The petition lists the top 20 debts owed by the firm, but also estimates that the firm has over 5,000 creditors.
Apple has responded to the United States' antitrust complaint arising out of supposed collusion between Apple and book publishers to fix the price of e-books appearing on Apple's iBooks store. The tech company calls the complaint "fundamentally flawed," arguing that Apple's entry into the marketplace actually broke Amazon's de facto monopoly on e-books.
The National Football League Players Association has filed a motion to reopen a lawsuit against the National Football League in light of evidence that the NFLPA claims reveals a conspiracy between the NFL and team owners to impose a secret salary cap during the 2010 season, which was supposed to remain uncapped according to a previous settlement agreement in the case.
A group of Facebook shareholders has filed a lawsuit on behalf of all those who bought Facebook stock during the company's initial public offering. The suit accuses Facebook, Mark Zuckerberg, and other officers of the company of making false statements in the IPO prospectus that misrepresented the company's potential loss of revenue.
In a consolidated multidistrict lawsuit against Facebook, plaintiffs have filed an amended complaint alleging that the social networking company violated the U.S. Wiretap Act by tracking users of the site even after they had signed out of the Facebook site. The lawsuit requests damages of $15 billion, and comes on the same day that the company made its initial public offering on the Nasdaq exchange. The IPO valued the company at $104 billion.
The Florida State Prosecutor in charge of the investigation over the shooting death of Trayvon Martin has released a collection of discovery documents related to the case. The documents depict injuries suffered by the shooter, George Zimmerman, contain transcripts of 911 calls related to the incident, and reveal the results of drug tests performed on Martin.
Laurie Fine, the wife of the ex-Syracuse basketball coach, Bernie Fine, has filed a lawsuit against ESPN and two employees alleging that the network and its employees committed libel against her when they accused her of, among other things, knowingly permitting the sexual molestation of children in her home by her husband.
An employee of imploding law firm Dewey & Leboeuf has filed a class action lawsuit against the firm over layoffs that went into effect on May 10, 2012. The plaintiff claims that Dewey failed to provide the pre-termination notification required under federal and state WARN Acts before laying off the employees.
The Department of Justice has filed a civil lawsuit against Maricopa County Sheriff Joe Arpaio and the Maricopa County Sheriff's Office alleging that Arpaio and the Sheriff's Office violated the constitutional rights of Latinos and engaged in retaliatory campaigns against their critics. The lawsuit comes after negotiations between the Sheriff's Office, Arpaio, and the Justice Department broke down after Arpaio refused a settlement agreement that included an independent monitor.
The California State Teachers' Retirement System (CalSTRS), one of the largest public pension funds in the country, has filed a derivative lawsuit against Wal-Mart over the reports of widespread bribery by the retailer's Mexico division that have enveloped the company in scandal in recent weeks. CalSTRS claims that Wal-Mart directors, both past and present, violated their fiduciary duties to shareholders by engaging in the Mexican bribery schemes, failing to investigate the allegations once they surfaced, and failing to inform shareholders of the alleged wrongdoing of Wal-Mart officers.