Hall Of Shame

What’s Wrong With THIS Picture? Emasculating the SEC is NOT Good for the Country

I picked up the Financial Times this morning. Like the Wall Street Journal, it has a series of short paragraphs (blurbs) in a column on the left-hand side of the first page. The top one was ...

Women File Class Action Against Bayer for Gender Discrimination

It looks like Wal-Mart isn’t the only company under fire for engaging in discrimination against its female employees. Recently, 6 women filed a class action against Bayer for gender ...

Clearwire Faces Internet Throttling Lawsuit

Fifteen customers have sued Clearwire for allegedly throttling their Internet connection speeds. Clearwire's website previously advertised its unlimited data usage: Usage is ...

Former Colonial Bank Exec Admits Role in Fraud Scheme

Catherine Kissick, former senior vice president at Colonial Bank, pleaded guilty to a conspiracy that defrauded about $970 million from investors and the government. She faces up to 30 years in ...

NY Mets and JP Morgan Sued for Alleged Ties with Madoff

Bernie Madoff bankruptcy trustee Irving Picard, who is attempting to recover assets for the victims of Madoff’s illustrious ponzi scheme, has sued the New York Mets and JP Morgan Chase for their ...

Hall of Shame: Illinois Director of Insurance Michael T. McRaith – A Postscript

On December 2, 2010, I commented on the outrageous conduct of Illinois’ Director of Insurance Michael T. McRaith.  He had “settled” the investigation of a life insurance broker (Merrill Lynch ...

Recall, Buying the Products Themselves- Same Thing, Right?

Last week, Oregon Attorney General John Kroger sued health care conglomerate Johnson & Johnson for allegedly leaving eight-capsule packets of defective Motrin on Oregon store shelves for ...

Say It Ain’t So: CSX Sues Asbestos Law Firm for False Claims

The United States Court of Appeals for the Fourth Circuit recently revived a lawsuit brought on by CSX Transportation against the Pittsburgh law firm of Robert Peirce Associates, accusing the ...

The Gloves Come Off: PIMCO to Settle in Bond Market Manipulation Suit

  Pacific Investment Management Company (PIMCO) recently agreed to pay $92 million to settle a class action alleging manipulation of the futures market.  As is typical when a party ...

Dean Foods to pay $30 Million in Antitrust Settlement Funds

A proposed class action settlement has been reached between Northeastern dairy farmers and Dean Foods, a national milk processor.  In the lawsuit, pending in Vermont federal court, plaintiffs ...

Dannon To Pay $21 Million for False Claims

Thirty-nine states have filed a lawsuit against Dannon for exaggerating the health benefits of its products. Dannon will pay $21 million over false statements promoting the digestive and immune ...

Rolls-Royce’s Engine Defect Secrecy

  In Indianapolis, Rolls-Royce Corp. concealed reoccurring defects at an aircraft engine plant, and then fired a safety official for reporting the problems. Thomas McArtor filed the ...