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Glancy Binkow & Goldberg LLP Announces Class Action
Areas of Focus |
2012/03/12 17:04
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Glancy Binkow & Goldberg LLP announces that a class action lawsuit has been filed in the United States District Court, Northern District of Alabama, on behalf of purchasers of the common stock of Walter Energy, Inc. between April 20, 2011 and September 21, 2011, inclusive (the “Class Period”), alleging violations of the Securities Exchange Act of 1934. Walter Energy produces and exports metallurgical coal for electric utility and industrial customers in the United States.
The Complaint alleges that defendants misrepresented or failed to disclose material adverse facts about the Company’s business and financial prospects, including that: (1) the Company was experiencing so-called “squeeze” events in Alabama and lower coal transportation rates in Canada that significantly reduced the Company’s coal production; (2) the Company’s commitment to ship more than 700,000 tons of coal in the second quarter, at first quarter sales prices, would result in a material adverse effect on Walter Energy’s second-quarter average sales prices and operating results; (3) the Company was experiencing a significant decline in its margins and profitability; and (4), based on the foregoing, defendants lacked a reasonable basis for their positive statements about the Company’s business and financial prospects during the Class Period.
No class has yet been certified in the above action. Until a class is certified, you are not represented by counsel unless you retain one. If you purchased Walter Energy common stock between April 20, 2011 and September 21, 2011, you have certain rights, and have until March 26, 2012 to move for lead plaintiff status.
www.glancylaw.com |
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Court blocks 2 more parts of Ala. immigration law
Areas of Focus |
2012/03/09 17:36
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A federal appeals court on Thursday blocked two more sections of Alabama's tough new law targeting illegal immigration pending the outcome of lawsuits that seek to overturn the law entirely.
The 11th U.S. Circuit Court of Appeals issued an order temporarily halting a section that says courts can't enforce contracts involving illegal immigrants and another that makes it a felony for an illegal immigrant to do business with the state.
The law adopted last year was challenged by both the federal government and a coalition of activist groups. A three-judge panel of the 11th Circuit heard arguments last week but said it won't rule on the overall case until the U.S. Supreme Court decides a federal challenge to a similar law in Arizona. The appeals court is also weighing Georgia's law.
Lawyers in the Alabama case had asked the court to at least temporarily stop the two sections and others, claiming they were causing harm to people in the state.
"We are very pleased that the Eleventh Circuit understood the harms these provisions were causing in Alabama, and saw fit to enjoin them," said the Southern Poverty Law Center's Sam Brooke, who argued before the panel last week. "This is a great day for the residents of our state."
Alabama Attorney General Luther Strange said he strongly disagrees with the court's decision. |
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Ex-Detroit lawyer loses case over 'ghetto' remark
Areas of Focus |
2012/03/08 17:36
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A former top lawyer for the city of Detroit who lost her job for describing a local court as "ghetto" has lost an appeal over her dismissal.
A federal appeals court says Friday that Kathleen Leavey's comments in 2009 were not protected under the First Amendment because they were made as part of her job.
Leavey, who is white, has said she used the word "ghetto" in a conversation with a court employee to describe Detroit's 36th District Court as inefficient and poor in serving the public. The chief judge, who is black, heard about the comment and contacted city hall. The angry call to a deputy mayor led to Leavey's departure.
The appeals court says the Constitution does not shield certain expressions made during official duties. |
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8 women allege rape, harassment in military suit
Areas of Focus |
2012/03/06 17:39
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Eight current and former members of the U.S. military allege in a new federal lawsuit that they were raped, assaulted or harassed during their service and suffered retaliation when they reported it to their superiors.
The lawsuit, being filed Tuesday in U.S. District Court in Washington, accuses the military of a having a "high tolerance for sexual predators in their ranks" and of fostering a hostile environment that discourages victims of sexual assault from coming forward and punishes them when they do. The suit says the Defense Department has failed to take aggressive steps to confront the problem despite public statements suggesting otherwise.
The eight women include an active-duty enlisted Marine and seven veterans of the Navy and Marine Corps. Seven women allege that a comrade raped or tried to sexually assault them, including in a commanding officer's office after a pub crawl in Washington and inside a Navy barracks room in Florida. The eighth says she was harassed and threatened while deployed overseas, only to be told by a superior that "this happens all the time."
The women say they've suffered depression, anxiety and post-traumatic stress disorder because of the assaults. One woman says she tried to commit suicide after being raped inside her row home by a senior officer and his civilian friend. |
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Calif. jury awards $167M in sexual harassment suit
Areas of Focus |
2012/03/03 17:39
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A Northern California jury has awarded $167 million to a former hospital employee who claimed in a lawsuit that she was sexually harassed at work and fired after she repeatedly complained.
The federal court jury found Sacramento's Mercy General Hospital and its parent, Catholic Healthcare West, liable on Wednesday for $125 million in punitive damages and $42.7 million in compensation for lost wages and mental anguish in the lawsuit filed by Ani Chopourian.
The 45-year-old Chopourian - a surgical physician's assistant - said she was subject to unwanted sexual advances and touching and sexual conversations among physicians and staff while working at Mercy from 2006 to 2008.
She alleged in her lawsuit against the hospital that she was fired for repeatedly complaining about sexual harassment.
Hospital officials say she was fired for misconduct, and they will appeal. |
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Federal court orders May 29 primary date for Texas
Areas of Focus |
2012/03/02 18:21
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The federal court in San Antonio has ordered Texas to hold its primary elections on May 29, resolving for now one of the biggest issues in the state's redistricting battles.
The three-judge panel issued the election schedule two days after releasing political maps for Texas to use in the 2012 election. Legal disputes over the maps for congressional and House districts have kept Texas from holding elections.
In the primary schedule released Thursday, the filing period for candidates reopens Friday and closes March 9.
While the court order clarifies the election schedule, some minority groups complain that the election maps are unfair and still are seeking changes. |
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French court rules genocide law unconstitutional
Areas of Focus |
2012/02/29 17:40
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France's Constitutional Council ruled Tuesday that a French law concerning the mass killings of Armenians a century ago violates the country's constitution.
French President Nicolas Sarkozy, who had personally backed the law, immediately said he would ask the government to prepare a new bill taking into account the council's ruling.
The law passed by France's parliament in December makes it a crime to deny that the killings of some 1.5 million Armenians by Ottoman Turks in 1915 constituted genocide. The council ruled the law would violate freedom of expression and speech, which are guaranteed by the French constitution.
Turkey, which says there was no systematic campaign against Armenians, has strongly opposed the French law.
The head of a French Armenian organization, meanwhile, sharply criticized the ruling, saying it was the result of Turkish lobbying.
Relations between France and Turkey have suffered since the law's passage, with Turkey suspending its military and economic cooperation with France after the lower house approval of the measure in December. The French Senate gave the law the green light in late January. |
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