Law
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Employees of BlackRock Inc. urged a California federal judge on Monday to allow them to proceed as two classes in their lawsuit alleging the investment firm violated the Employee Retirement Income Security Act and cost retirement plan participants more than $100 million… Read this piece in its entirety at Law360.
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PPG Industries has agreed to pay $25 million to settle claims it deceived investors by overstating certain financial results that the company alleges were the result of a minor accounting error, according to California federal court filings… Read this piece in its entirety at Law360.
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The Trump Organization cheated the government, kept shoddy financial records and lied about the business performance of a Trump-branded luxury hotel in Panama, according to a Monday filing in New York federal court that’s part of an ongoing case over alleged mismanagement of the hotel… Read this piece in its entirety at Law360.
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Sears spinoff Sears Hometown & Outlet Stores Inc. announced Monday that it had reached an agreement to be acquired by a company controlled by former Sears CEO Edward Lampert, which is represented in the transaction by Cleary Gottlieb Steen & Hamilton LLP… Read this piece in its entirety at Law360.
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The Ninth Circuit on Thursday revived a proposed class action against Saks Inc. accusing the retailer of advertising “phantom markdowns” of Saks-branded products, saying the district court had jumped the gun with its ruling that the named plaintiff wasn’t an adequate class representative… Read this piece in its entirety at Law360.
Mike LaSusa 