U.S. Supreme Court halts Chrysler sale!
Highest court in America stops sale of sinking Chrysler to Fiat! Washington, D.C.(JusticeNewsFlash.com)–The sale of Chrysler to Fiat was postponed as of Monday by the United States Supreme Court. The reason for the Supreme Court’s action is not certain. Despite the government’s efforts to expedite the sale last week, a federal judge decided to stay […]
New York judge rules against Chrysler car owners!
Fiat immune from American automobile consumers claims. New York, NY (JusticeNewsFlash.com)–In recent court proceedings, Judge Arthur J. Gonzales a United States Bankruptcy judge for the Southern District of New York, approved the sale of most of Chryslers’ assets to a new company operated by Fiat. The judge further granted Fiat’s request to be recused for […]
GM files Chapter 11 bankruptcy announces shuttering factories!
General Motors files Chapter 11 bankruptcy protection in court and will close 9 plants. New York, NY(JusticeNewsFlash.com)–The world’s second-largest auto maker, General Motors (GM), filed for Chapter 11 bankruptcy protection early Monday morning. Yahoo News reports that GM’s bankruptcy case is the largest U.S. industrial bankruptcy filing, with $82.29 billion in assets and $172.81 billion […]
Merck appeals Vioxx lawsuit!
Merck appeals Vioxx drug safety suit with U.S. Supreme Court Washington, D.C.(JusticeNewsFlash.com)–Merck & Company, one of the largest pharmaceutical companies in the world, based in Whitehouse Station, New Jersey, will argue a lower court ruling before the U.S. Supreme Court. As reported by the Wall Street Journal (WSJ), the high court agreed to hear the […]
Facebook welcomes $200 million Russian investment
Digital Sky Technologies follows Microsoft and buys stake in Facebook.Los Angeles, CA(JusticeNewsFlash.com)–Facebook, a social networking website whose U.S. headquarters are located in Palo Alto, California, announced the acceptance of a $200 million investment from a Russian firm on Tuesday. The Los Angeles Times reports the Russian Internet investor, Digital Sky Technologies, will now have close […]
NCAA sued!-Justice News Flash
NCAA and EA Sports sued in San Francisco federal court for profiting off college players. San Francisco, CA (JusticeNewsFlash.com)–Lawyers for former Nebraska quarterback, Sam Keller, filed a class-action lawsuit in a San Francisco federal court, on Tuesday, naming the National Collegiate Athletic Association (NCAA) and EA Sports. Attorneys allege the video game manufacturer business of […]
Jefferson County jury returns $10.6 million bank fraud verdict
BBandT found liable for fraud against Louisville couple with the bank paying $10.6 million. Louisville, KY (JusticeNewsFlash.com)–A Jefferson County, Kentucky, Circuit Court jury, in Louisville, returned a $10.6 million fraud verdict against Branch Banking & Trust (BB &T) on Monday. The jury verdict read before the court and judge presiding included $9 million in punitive […]
Feds lock missing Texas billionaire’s St. Croix financial office
Texas billionaire Allen Stanford’s St. Croix office closed by Dallas appointed receiver. Dallas, TX (JusticeNewsFlash.com)–Allen Stanford’s, the missing Texas billionaire and president of Stanford Caribbean Investments and Stanford Financial Group Global Management, Christiansted, U.S. Virgin Island office on King Street was shuttered closed on Tuesday as reported by Reuters. Telephone calls to both St. Croix […]
Federal regulators close Oregon failing bank Friday
Silver Falls Bank the 14th U.S. failed bank in 2009 closed Friday. San Francisco, CA (JusticeNewsFlash.com)–Reuters reported on Saturday the 14th bank in the United States was closed in Silverton, Oregon by federal regulators on Friday. Bank regulators cite the economic fallout and plummeting housing prices have taking their toll on financial institutions across the […]
The “Donald” filed Chapter 11 bankruptcy protection
Trump Entertainment Resorts Inc filed for Chapter 11 bankruptcy on Tuesday. New York business litigation lawyers news beat JusticeNewsFlash.com New York, NY (JusticeNewsFlash.com)–Reuters reported on Tuesday, the Atlantic City, New Jersey casino operator, Trump Entertainment Resorts Inc., named for Donald Trump, filed for Chapter 11 bankruptcy protection on Tuesday. The company was restructured in 2005 […]
2 Scottish companies file lawsuit against Apple Inc
Apple Inc. sued for patent violation allegations for iPhone and iPod technology. Business litigation news from San Francisco patent rights’ attorneys San Francisco, CA (JusticeNewsFlash.com)–CNNMoney reported on Friday, a lawsuit was filed, in the United States District Court for the District of Delaware, by two Glasgow, Scottland based software technology companies, against Apple Inc., headquartered […]
Supreme Court Makes Ruling in Legal Fees Case
The Supreme Court upholds union’s right to force non-union government employees to pay a portion of litigation fees. The Supreme Court decided on Wednesday that a public employees’ union could force non-union government employees to pay a portion of legal fees paid to national unions. As reported by the Associated Press (AP), the court upheld […]