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Domain Auction Site Faces Shill Bidding Lawsuit
Court Watch |
2009/11/09 13:10
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A Miami lawyer has filed a class-action lawsuit against domain nameauction site SnapNames.com, after the company announced that a formeremployee was bidding against potential customers in domain nameauctions. Attorney Santiago Cueto filed the lawsuit Monday inMiami-Dade County Circuit Court on behalf of his brother, Carlos Cueto,and others who participated in SnapNames.com's online auctions. Thelawsuit alleges that a former vice president at SnapNames.com secretlybid on tens of thousands of domain name auctions over the past fouryears, leading to falsely inflated prices. Some of the SnapNamesauctions run into the tens of thousands of dollars, Santiago Cuetosaid. His brother, who owns about 3,000 domain names, has longsuspected shill bidding in some domain name auctions, he said. "He's been frustrated by the process for years," Santiago Cueto said. "I think the entire industry needs to be cleaned up." SnapNames.com,a subsidiary of Oversee.net, sent out notices last week that it haddiscovered the employee bidding on domain name auctions. SnapNames,which resells expired domain names, calls itself the largest resalemarketplace for domain names. The company runs hundreds of auctions aday, it says on its Web sites. |
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Securities Class Action Trial Starts This Week Against Vivendi
Court Watch |
2009/10/05 15:29
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The litigation equivalent of Halley's comet is about to streak into view in Manhattan federal district court. Yes, folks, when trial in the shareholder suit against Vivendi and two of its former executives begins this week before Judge Richard Holwell, it may be your once-in-a-lifetime chance to witness a so-called f-cubed securities class action trial, involving foreign investors who bought shares of foreign companies on foreign exchanges. Paul Saunders of Cravath, Swaine & Moore giving the opening statement for the defendants and Arthur Abbey of Abbey Spanier Rodd & Abrams is appearing as lead counsel for the plaintiffs. James Quinn of Weil, Gotshal & Manges, our most recent Litigator of the Week, is cocounsel for the defense.
Plaintiffs in the case, which has been around since 2002, are shareholders across the U.S. and Europe who allege that Vivendi--then known as Vivendi Universal--made false and misleading statements in 2001 and 2002, when Vivendi's former CEO, Jean-Marie Messier, was transforming the French water company into a media conglomerate through a mad dash of acquisitions. Plaintiffs claim that Vivendi, Messier, and former chief financial officer Guillaume Hannezo concealed a liquidity crisis, whose revelation ultimately caused the stock to drop.
Read more... |
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Dannon Settles Activia Lawsuit
Court Watch |
2009/09/21 11:56
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Last year we wrote that Dannon Co.was being sued for claiming that some of its yogurts provide a healthbenefit that other yogurts do not. A class action suit filed inCalifornia’s Los Angeles federal court accused Dannon of falselyadvertising its Activia, Activia Lite, and DanActive products andclaimed Dannon initiated a massive false advertising campaign toconvince consumers to pay more for yogurt containing probiotic bacteria. Now, reports the LA Times, Dannon just settled the false-advertising lawsuit.The yogurt giant also agreed to create a $35-million fund meant toreimburse those consumers who bought Dannon’s Activia and DanActiveyogurts. Dannon denied the claims and did not admit to any wrongdoing,said the LA Times, but stated that it settled because it wished “toavoid the distraction and expense of litigation,” quoting spokesmanMichael Neuwirth. Probiotic is a term that means “for life.” The human intestinaltract is filled with a huge amount of helpful, probiotic bacteria,which is a good thing since the human body is designed to havesymbiotic relationships with probiotic bacteria that assist indigestion and destroy harmful microorganisms. Science indicates that asthe body ages, the intestinal tract becomes more rigid at onlyaccepting intestinal flora it recognizes; it is difficult for the bodyto recognize or tolerate new good bacteria. Also, good bacteriadecrease; therefore, it is important to supplement with probiotics,initiating this process early on in life. Anecdotal evidence suggests friendly bacteria help a variety ofdigestive problems; however, in the United States, no health claims forprobiotics have been approved. The United Nation’s Food and AgricultureOrganization defines probiotics as live microorganisms … which confer abeneficial health effect on the host. In other words, for bacteria tobe considered a probiotic, it must be beneficial to humans. As aresult, if food manufacturers label a food as containing probiotics,the benefits must be proven by research. Read more...
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Demjanjuk appeals German court decision
Court Watch |
2009/05/07 10:46
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Suspected Nazi guard John Demjanjuk's attorney says he has appealed a Berlin court ruling that stymied an attempt to stop his client's deportation from the United States.
Lawyer Ulrich Busch told The Associated Press late Thursday he is asking for the German government to retract its agreement to take Demjanjuk on humanitarian grounds.
He says it might take two weeks for the appeal filed with a Berlin administrative court to be ruled upon. And he says even if the ruling is in Demjanjuk's favor, American authorities still could deport him. Demjanjuk (dem-YAHN'-yuk) is wanted in Germany on an arrest warrant accusing him of being an accessory to 29,000 murders at the Nazis' Sobibor death camp in occupied Poland. He denies the charges. |
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Gilman & Pastor File Class Action vs. "Chinese Drywall"
Court Watch |
2009/03/19 11:12
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Notice is hereby given that Gilman and Pastor has filed a lawsuit in the United States District Court for the Middle District of Florida asserting class action claims on behalf of homeowners, building owners, community developments and owner associations across the United States to recover losses associated with the removal, replacement and remediation of defective "Chinese Drywall," as well as damages for personal injury.
Residents who may be affected include those living in homes that were built between 2002 and 2007, when imported Chinese Drywall was used by several of the major building companies. The defendants named in this lawsuit include Knauf Gips KG, the leading manufacturer in drywall located in Germany, Knauf Plasterboard Tianjin (KPT), a Chinese drywall manufacturer; Knauf Group, the German parent company of KPT; Banner Supply, a Miami building supply company; and Rothchilt International Ltd., a China-based exporter. Developers that have been identified as possible users of this drywall include Lennar Homes, W.C.I., Tousa, Engel Homes and other national home builders.
The lawsuit alleges that "fly ash" waste material from Chinese power plants was used in the manufacture of this Chinese Drywall. These waste materials can leak into the air and emit harmful sulfur compounds, including sulfur dioxide and hydrogen sulfide.
Our investigation has concluded that this is far more serious and vastly more extensive than previously determined. More than 550 million pounds of Chinese drywall was imported to the U.S. during the housing boom from 2004 to 2006. There are approximately 60,000 homes affected by these defective building materials in multiple states across the USA, with defective Chinese drywall gaining entry through ports in Alabama, California, Florida, Georgia, Hawaii, Louisiana, Mississippi, Missouri, New York, North Carolina, Pennsylvania, Texas, Virginia and Washington, among others.
There is no easy way to fix the damage caused by the defective drywall. In most cases, owners of homes where the toxic drywall was installed are forced to move out, gut their homes to remove the toxic materials, and rebuild the interiors of the homes with new drywall before moving back in. All personal property inside the home that may have been contaminated by the sulfur gases must also be replaced. The Sulfur emissions may also cause extensive electrical damage. Corrosion of air-conditioning units and wiring has been linked to Chinese drywall. Residents in homes built with the defective drywall have also reported suffering from respiratory problems, nose bleeds, coughing, and irritation of sinuses, eyes and throats.
Prompt action is important. With many builders and developers filing for bankruptcy protection or closing their doors, a delay in asserting your claim may limit your recourse against the builders that installed the defective materials or their suppliers.
News agencies and informational web sites could be especially helpful to consumers by alerting them to this serious problem.
Gilman and Pastor is a national litigation firm with offices in Boston, Massachusetts, and Naples, Florida, specializing in product liability litigation, consumer class actions and complex business litigation. For 30 years our attorneys have recovered more than a billion dollars on behalf of our clients.
Gilman and Pastor's managing partner, Kenneth G. Gilman, has worked extensively to assist building owners recover losses from defective building materials. Gilman and Pastor was appointed by the United States District Court as lead class counsel in Sebago Inc et al. v. Beazer East, Inc. and Johns Manville against the two manufacturers of phenolic foam roof insulation. PFRI, when exposed to even small amounts of moisture, releases an acidic leachate that corrodes metal roof decks. In 2000, the United States District Court in Massachusetts approved a nationwide class settlement which involved remediation of class members' buildings with payments of a combined estimated value of more than $350 million.
You may learn more about our lawsuit and our investigation into Chinese Drywall by contacting Kenneth G. Gilman toll-free at (888) 280-1236. Additional information is available online at www.defective-drywall.com. We can assist you in all phases of this matter, including properly scheduled inspections. |
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Law Firm Web Design Information |
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