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Tara Arick

TweetLawsuits alleging injury from the da Vinci surgical robot increased from 33 to 50, Intuitive Surgical Inc. reported Oct. 18, a 51 percent jump in three months. In a Form 10-Q report to stockholders filed with the U.S. Securities and Exchange Commission, Intuitive said the lawsuits have been filed in various federal and state courts […]

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Tweet- From LexisNexis® Mealey’s™ Daily Legal News. Boston Scientific Corp. and its Guidant subsidiaries have agreed to pay $ 30 million to settle a whistle-blower lawsuit alleging that between 2002 and 2005 the defendants caused the submission of false claims to Medicare for implantable cardioverter defibrillators (ICDs) that they knew were defective, the U.S. Justice […]

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TweetJPMorgan Chase Bank N.A. has agreed to pay $ 100 million and to cease and desist in the violation of provisions of the Commodity Exchange Act (CEA) for its role in manipulating a massive credit default swap (In the Matter of JPMorgan Chase Bank N.A., No. 14-01, CFTC). Under the terms of the settlement, in […]

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TweetThe representatives of a class of customers who sued MF Global Inc. (MFGI), an affiliate of bankrupt MF Global Holdings Ltd. (MFGH), on Oct. 11 filed a brief arguing that the “soft cap” the bankruptcy court imposed on expenses should not be lifted to permit the payment of defense costs (In Re: MF Global Holdings […]

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TweetA Florida federal court entered judgment in favor of an insurer on Oct. 8 in a lawsuit seeking coverage for a $ 20.8 million default judgment entered against an insured, finding that the insured failed to satisfy its claims-reporting obligation under a title agent’s professional liability insurance policy (Lake Buena Vista Vacation Resort L.C. v. […]

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TweetA split 10th Circuit U.S. Court of Appeals panel on Oct. 1 reversed a trial court’s decision finding that a clothing retailer violated Title VII of the Civil Rights Act of 1964 when it refused to hire a female due to her head scarf (Equal Employment Opportunity Commission v. Abercrombie & Fitch Stores, Inc., et […]

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TweetBankrupt AMR Corp. on Oct. 2 moved in the U.S. Bankruptcy Court for the Southern District of New York for approval of $ 785 million in post-petition financing, also called debtor-in-possession (DIP) financing, which would be secured by planes currently in American Airlines’ fleet (In Re: AMR Corporation, No. 11-15463, Chapter 11, S.D. N.Y. Bkcy.). […]

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TweetThe federal government on Sept. 30 filed in Virginia federal court a complaint and settlement agreement in which Chevy Chase Bank F.S.B. agreed to pay $ 2.85 million to resolve claims that it engaged in a pattern of discriminating against qualified African-American and Hispanic borrowers when providing them with mortgage loans between 2006 and 2009 […]

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TweetIn a Sept. 25 order denying a social media aggregator firm’s motion to reconsider a 2012 ruling that found it guilty of spam and computer fraud violations against Facebook Inc., a California federal judge also determined that the company’s CEO “authorized and directed” the illegal activities, making him personally liable under the statutes (Facebook Inc. […]

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TweetThe Guccione Collection LLC (TGC) filed an adversary proceeding in the Chapter 11 bankruptcy of PMGI Holdings Inc., the parent company for the adult entertainment empire carrying the name “Penthouse,” seeking declaratory relief and unspecified damages related to intellectual property (In Re: PMGI Holdings Inc., No. 13-12404, Chapter 11, D. Del. Bkcy.). PMGI filed for […]

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