A new study by the U.S. Chamber Institute for Legal Reform (ILR) shows that small businesses in that country shoulder a tremendous burden of the nation’s tort liability costs, having paid $105.4 billion in 2008. Noting that small businesses have created 64% of all net new jobs in the United States over the past 15 [...]
A Quebec court has given the victims of financial fraudster Earl Jones the go-ahead to file a class action lawsuit against RBC. Superior Court Justice Robert Mongeon gave the green light in a Montreal courtroom on July 14. Former clients of the financial adviser allege a Montreal-area branch of the RBC bank was aware of [...]
While she may be one of this year’s most popular performers, Lady Gaga’s insurance company will not be paying out in the $30 million breach of contract battle the star is in. According to reports, Navigators Specialty Insurance Company has denied the singer’s claim to help fight a $30 million breach of contract suit with [...]
View the video here on your mobile device. The Sarbanes-Oxley Act, named after sponsors Senator Paul Sarbanes and Representative Michael Oxley, was passed in 2002 as a response to some of the accounting issues related to Enron and WorldCom. The law created the Public Company Accounting Oversight Board (PCAOB) to regulate the accounting industry. The [...]
Quebec’s highest court has rejected a bid by the Caisse de depot et placement to be excluded from a lawsuit related to the Norbourg scandal. The Quebec Court of Appeal’s decision on June 28 overturns a Superior Court ruling last summer. In August 2008, a former police director who lost $300,000 in the [...]
Ontario’s highest court has closed the door on a pension increase for fired Hydro One executive Eleanor Clitheroe. Clitheroe sued Hydro One seeking to have her pension raised to $33,644.21 a month – slightly more than the average Hydro One pensioner gets annually. The lawsuit was originally dismissed, but in appealing it to the Court [...]
The WTC Captive Insurance Company, the City of New York, the contractors the City hired, their subcontractors, and attorneys for over 10,000 plaintiffs alleging injuries from the rescue, recovery and debris removal operations at the World Trade Center site operations after 9/11 have announced amendments to a March 11, 2010 settlement of those claims. The [...]
Eleanor Clitheroe, who made millions at the helm of Hydro One Inc. before being fired, is arguing it is “pure vindictiveness” for the government to limit her pension. Clitheroe, who was dismissed in July 2002 after weeks of controversy over executive salaries at the province’s publicly owned transmission utility, is suing Hydro One. Clitheroe is [...]
J.P. Morgan Securities Ltd. was fined a record 33.32 million pounds (USD$49 million) on June 3 for mishandling clients’ funds, the largest penalty ever handed out by Britain’s financial services watchdog. The Financial Services Authority said the size of the fine should send out a strong message to firms to take more care with clients’ [...]
An attempt by a group of disabled Nortel employees has failed to win a hearing at the Ontario Court of Appeal of their objections to an agreement the company reached for pensioners and employees on long-term disability. The court denied the group leave to appeal the settlement reached in March. The agreement sets aside $57 [...]
Federal safety regulators are looking into reports of gas pedals that become stuck under floor mats of 2010 Ford Fusions and Mercury Milans. The National Highway Traffic Safety Administration says it has received only three complaints of gas pedals getting trapped under unsecured all weather floor mats. There are no reports of injuries or crashes. [...]
A Utah woman is suing Google, saying its Google Maps function gave her bad directions that resulted in her being hit by a car. Lauren Rosenberg was searching for a walking route between two Park City, Utah locations that are approximately three kilometers apart. The top Google Maps result suggested that she walk along a [...]
A Manitoba RCMP officer who has been charged with attempted fraud over $5,000 says that Manitoba Public Insurance humiliated and embarrassed him in its investigation. Cpl. Houman Shoaai has now filed a lawsuit against MPI. In 2009, the off-duty RCMP Cpl. Houmon Shoaai crashed his Hummer H3. He said he swerved to avoid hitting a [...]
View the video here on your mobile device. Are you losing competitions or being disqualified when bidding on contracts? This course will give you the knowledge, skills and strategic tips you need to gain the edge over your competitors. In our new online course we’ll review the critical court decisions that have shaped the legal obligations for [...]
View the video here on your mobile device. Are you new to the procurement function, or looking for an update and refresher on competitive contracting? In our new online course we’ll review the critical court decisions that have shaped the legal obligations for those conducting an RFP, ITT or other competitive contracting process, and [...]
The estate of Lehman Brothers has sued JPMorgan Chase, claiming JPMorgan helped drive Lehman into bankruptcy by forcing it into giving up needed cash reserves. Lehman alleges that JPMorgan forced the now-failed bank to put up billions of dollars in collateral that sapped Lehman of the cash it needed to stay afloat. Lehman filed for [...]
A Toronto woman is suing cellphone provider Rogers Wireless for a breach of privacy that she says led to the breakup of her marriage. Gabriella Nagy is asking for $600,000 in damages for invasion of privacy, breach of confidence, breach of contract and negligence. Nagy said it began in 2007, when her husband signed up [...]
Real estate brokers in Massachusetts heaved a collective sigh of relief recently. In a case that could have had major implications for the local – and, potentially national or international – real estate industry, a Suffolk County jury rejected a Boston condominium owner’s lawsuit in which she contended that tobacco fumes from a downstairs neighbor [...]
An Ontario man is suing General Motors of Canada on behalf of himself and other retired white-collar employees of the automaker. The suit claims GM Canada violated its contractual obligations by rolling back post-retirement benefits in recent years. The lead plaintiff, Joseph O’Neill, belongs to a group representing more than 3,500 retired employees of the [...]
