NEW YORK (Legal Newsline) – California officials who made dire climate change predictions about their localities' future in litigation against energy companies, but not in bond offerings, probably know by now their litigation is doomed, a New York University law professor said during a recent interview.
U.S. Securities and Exchange Commission News
'Dispassionate analysis' lacking in California climate change litigation, environmental attorney says
WASHINGTON (Legal Newsline) – Government officials in California who made dire climate change predictions in lawsuits against energy companies but not to prospective bond investors didn't think hard enough before filing those cases, a Washington, D.C.-based environmental attorney said during a recent interview.
T.J. Rodgers, founder and former CEO of Cypress Semiconductor Corp., has entered into a settlement agreement with the company stemming from a conflict of interest suit he filed over the company’s involvement with Canyon Bridge Capital Partners, an equity investment firm backed by the Chinese government.
LOS ANGELES – The jury has awarded $15.6 million to the plaintiff in the lawsuit against MetLife, its subsidiaries and a former managing partner, holding the insurance giant responsible for the losses of a woman who invested in what turned out to be a Ponzi scheme.
SAN FRANCISCO – The board of trustees has elected James P. Fox as president of the State Bar of California for the 2016-2017 year.
LOS ANGELES – A key MetLife policy that prohibits insurance agents from referring clients to anyone selling unapproved securities should have pulled the plug on any referrals to Diversified Lending Group for premium financing, but corporate manuals didn’t instruct supervisors and agents on how to identify which products were off limits, according to testimony in the trial against MetLife.
LOS ANGELES — Two witnesses in the trial against MetLife offered glimpses of what workdays looked like in the financial services office that became entangled with a fraudulent real estate investment fund.
LOS ANGELES — In 2006, insurance agent and securities broker James Davidson learned at a meeting about a new product that could be used to sell more insurance, but ultimately would wind up as the basis for legal problems.
LOS ANGELES — The plaintiff's lawyers spent days working to show how Tony Russon, the head of a MetLife subsidiary, stood by while the owner of an investment fund offering premium financing for insurance customers sold himself as a wealthy individual with a solid business.
SAN RAFAEL -- A California attorney has been disbarred, because he actively represented 300 to 400 trademark cases before the U.S. Patent and Trademark Office (USPTO) despite not being able to practice in this area of law.
LOS ANGELES — Attorneys in the lawsuit against MetLife and its subsidiary grilled a vice president in the insurance giant’s compliance department about policies governing its employees’ activities.
SAN FRANCISCO – The federal government is cracking down on companies - and their executives - who fail to disclose corporate perks.