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June 07, 2011

Supreme Court Says Halliburton Class Action Can Move Forward

Lawsuit Says Chemicals Threaten Health, Property Values

Shareholder Suit Filed Against Sachs Ex-Director

Suit Against Seattle Archdiocese to Proceed

Shifting the Risks at Night

 

 

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Laws/Cases

 

Supreme Court Says Halliburton Class Action Can Move Forward

The US Supreme Court ruled that Halliburton Co. shareholders can pursue a class-action lawsuit claiming the oil services company inflated its stock price. The high court overturned a lower court ruling against the shareholders, who want to represent all investors who bought Halliburton stock between June 1999 and December 2001. The lawsuit argues that Halliburton deliberately understated the company 's liability in asbestos litigation, inflated how much money its construction and engineering units would bring in and overstated the benefits of a merger with Dresser Industries. When Halliburton made corrective disclosures, it made the stock price drop and caused investors to lose money, the lawsuit said.  Associated Press, The Washington Post  06/07/2011

Read Article: The Washington Post    

 

Lawsuit Says Chemicals Threaten Health, Property Values

A lawsuit filed in Madison County alleges that Shell Oil Co. and BP Products North America Inc. are responsible for underground leaks of toxic chemicals over many decades that have diminished property values and threaten the health of the village's 1,500 residents. The lawsuit filed on behalf of six named plaintiffs. They ask that the lawsuit be certified as an action on behalf of themselves other Roxana residents and property owners. The lawsuit asks for unspecified money damages and establishment of a health monitoring program funded by the defendants.  Terry Hillig, St. Louis Post Dispatch  06/07/2011

Read Article: St. Louis Post Dispatch    

 

Shareholder Suit Filed Against Sachs Ex-Director

A shareholder has filed a lawsuit against former Goldman Sachs Director Rajat Gupta over insider trades Gupta made with the founder of the Galleon hedge fund. The lawsuit claims Gupta failed to disclose "the details of his conduct and relationship" with the hedge fund owner and demands Gupta "disgorge all profits from those trades to issuer Goldman Sachs." The hedge fund owner was convicted of securities fraud and insider trading last month.  Grant McCool, Reuters  06/06/2011

Read Article: Reuters    

 

Suit Against Seattle Archdiocese to Proceed

A Washington appeals court has ruled that a lawsuit against the Seattle archdiocese can proceed, overturning the decision of a lower court. The lawsuit, filed by a local woman, alleged an archdiocese priest arranged a situation in which the woman, a young girl at the time, would be sexually abused by a friend of the priest. The suit also claims the priest has a history of alcoholism and sexual misconduct.  Scott Sunde, Seattle Post-Intelligencer  06/06/2011

Read Article: Seattle Post-Intelligencer    

 

Healthcare

 

Shifting the Risks at Night

Being in a hospital at night or over a weekend can be hazardous to your health, and even has a name: “the weekend effect.” A raft of studies has documented higher rates of death, complications and medical errors affecting patients treated at night or on weekends. To bridge the chasm between the day and night shifts, hospitals are hiring a new breed of subspecialist called a “nocturnist” — an experienced doctor who works overnight taking care of patients outside the emergency room.  Sandra G. Boodman, The Washington Post  06/07/2011

Read Article: The Washington Post    


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