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DICK'S SPORTING: Recalls Recliners with Brackets than can Break
Dick's Sporting Goods, of Pittsburgh, Pennsylvania, in cooperation with the U.S. Consumer Product Safety Commission, is recalling about 125,000 lounge chairs and recliners...
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NOVASTAR MORTGAGE: Discount Fees Fraudulent, Mass. Suit Claims
NovaStar Mortgage, Inc. is facing a class-action complaint filed in the U.S. District Court for the District of Massachusetts alleging it defrauds homebuyers through its “loan discount fees.”...
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WELLS FARGO: Sued in Calif. Over Unnecessary Overdraft Charges
The 9th U.S. Circuit Court of Appeals reversed a defense verdict by the U.S. District Court for the Central District of California in a securities suit against Thane International Inc. The court remanded the action to the district court with instructions...
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CENTERPOINT ENERGY: 5th Circuit Hears Appeal in Tex. ERISA Suit
The U.S. Court of Appeals for the 5th Circuit heard argument on an appeal against a summary judgment granted to CenterPoint Energy, Inc. in a purported class action alleging violations of the Employee Retirement Income Security Act of 1974...
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CANADA: Accused of Illegally Withholding Part of Fishing Quotas
The Queen of England, the Canadian Minister of Fisheries and Oceans and the Pacific Halibut Management Association of British Columbia (PHMA) are facing a class-action complaint filed Nov. 20 in the Supreme Court of British Columbia, accusing them...
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PARMALAT SPA: No Ruling Yet in Motion to Block U.S. Lawsuit
Parmalat S.p.A. said that a hearing was held on Nov. 29 in the U.S. Second Circuit Court of Appeal of New York with regards to Parmalat's appeal against the decision of a U.S. District Court which had denied Parmalat's request for an injunction pursuant...
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EV3 INC: Still Faces Suit in Del. Over Plan to Buy MTI Shares
ev3, Inc. continues to face a purported stockholder class action in the Court of Chancery for the State of Delaware in relation to its proposal to acquire all of the outstanding shares of common stock of its majority owned subsidiary, Micro Therapeutics,...
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BERKSHIRE HATHAWAY: Settles Insurance Brokerage Antitrust Suit
Berkshire Hathaway, Inc. reached a settlement in a lawsuit in which plaintiffs alleged an industry-wide scheme on the part of commercial insurance brokers and insurance companies to defraud a purported class of insurance purchasers through bid-rigging...
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