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Russia court orders shutdown of liberal opposition party
Legal World News |
2007/03/24 13:42
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The Russian Supreme Court ruled Friday that the Republican Party one of Russia's oldest opposition parties, was too small to be considered a political party under a 2004 Russian law and should be closed down. Republican Party co-Chairman Vladimir Ryzhkov argued that the party was actually larger than the court believed, that it had 58,000 members as opposed to only 50,000 as said in the court decision. Ryzhkov said the Russian Federal Registration Service, which filed the lawsuit challenging the Republican Party's legitimacy, used an inaccurate counting system in determining the party's membership because it excluded people who could not be reached by telephone.
Ryzhkov further said the decision was an attack orchestrated by the party's opposition and an example of the systematic persecution the party had encountered across the country. Ryzhkov said the party will appeal the decision to the Collegium of the Supreme Court, and, if unsuccessful, then to the European Court of Human Rights in Strasbourg. Also today, prosecutors asked the Moscow Municipal Court to ban the far-right National Bolshevik Party and suspend the party's activities pending a ruling. The party's leaders said the decision was politically motivated. |
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Hong Kong Election Marks New Ground
Legal World News |
2007/03/24 09:44
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Many see the selection of Hong Kong's leader as a farce - the incumbent will almost certainly be picked again Sunday by a committee that usually goes with the choice of China's rulers. But for the first time since the former British colony returned to Beijing's rule, the election has had a challenger and American-style debates. It also saw the incumbent - veteran civil servant Donald Tsang - promise a specific plan to bring full democracy to China's wealthiest city. Tsang is expected to coast to re-election by an 800-seat election committee loaded with tycoons, leaders of special interest groups and other elites. His rival is Alan Leong, a lawmaker and lawyer who believes stable, well-educated Hong Kong is ready for full democracy. He says Tsang is among those dragging their feet on political reform. Leong insists that when the next leadership vote is held in 2012, Hong Kong should get rid of what's commonly known as the "small-circle election" system and let the public directly elect the winner. The race also featured the first public debates between leadership candidates. The two men met twice in televised events that yielded spirited argument about a range of issues. When this former British colony returned to Chinese rule 10 years ago, the Communist leadership in Beijing said Hong Kong could keep its capitalist ways, maintain its civil liberties and be semiautonomous under a "one country, two systems" formula. The city's mini-constitution, or Basic Law, says Hong Kong will eventually gain full democracy, referred to as universal suffrage, but no timeline has been given. |
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Law Firm Getting Many Submissions For Pet Food
Class Action News |
2007/03/24 05:23
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A Madison law firm that filed a class-action lawsuit in the wake of a massive recall over contaminated pet food said it has been getting many submissions. Progressive Law Group, LLC, filed a class-action lawsuit earlier this week. The firm said that it's getting 20 to 30 submissions on their Web site every hour and that they are now working with attorneys across the country in the handling of the case. "The stories are so tragic our staff numbers are sorting out the information and they actually broke into tears," said Frank Jablonski, an attorney with Progressive Law Group, LLC. "This is an enormous mess-up by these companies and the amount of tragedies by these companies is huge and terrible." Meanwhile, the company at the center of the recall is speaking out for the first time since the recall. "Our hearts go out to the thousands of pet owners across Canada and the United States for their losses and their worries," said Paul Henderson, president and CEO of Menu Foods. The company said it is grateful that investigators have finally pinpointed a cause. Investigators said that rat poison contaminated the pet food. The manufacturer said it will take responsibility for veterinary costs linked to the tainted food. As of Friday, the contaminated pet food has been blamed for at least 17 animal deaths. That number represents the confirmed cases, so the number of deaths could increase much more, WISC-TV reported. Scientists said the Menu Foods brand of wet and gravy style food was contaminated by rat poison, but they don't know how the poison got into the food. For information on the pet food lawsuit, visit ProgressiveLaw.com |
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Biovail fires law firm hedge-fund case
Headline News |
2007/03/24 05:20
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Canadian drug company Biovail Corp. has fired Kasowitz Benson Torres & Friedman LLP, the law firm that engineered the company's high-profile lawsuit that claimed hedge funds and research analysts colluded to depress its stock price. Kasowitz Benson, which is based in New York, is embroiled in a legal controversy over whether it willfully violated a protective order when it used information subpoenaed from Banc of America Securities in a shareholder suit in New York Federal court. That information was used to draft Biovail's February 2006 complaint against SAC Capital Management LLC, Sigma Capital Management LLC, Gradient Analytics Inc., Gerson Lehrman Group, former Banc of America Securities analyst David Maris and others. Judge Richard Owen presides over the shareholder suit filed against Biovail in 2003. For the last month, Owen has been presiding over hearings to probe the violation of the protective order. Those hearings are scheduled to resume in early April. Biovail's public relations firm Sitrick & Co. said in an e-mail statement that the company terminated Kasowitz Benson because of "issues arising from proceedings before Judge Owen." Biovail said it "maintains confidence in its pending lawsuits." A spokesman for Kasowitz Benson had no comment. A lawyer defending Kasowitz Benson during the hearings in front of Owen earlier this week disclosed documents against Biovail's will. The lawyer argued in court that Kasowitz Benson had a right to disclose the information because the firm was being accused of wrongful conduct. "We have asked Biovail to come forward and clarify the record. They have declined to do so to date," said John Siffert of Lankler Siffert & Whohl LLP. "We are not saying that Biovail had an appreciation for the protective order barring what we did anymore than we did, but at least they knew about the protective order and didn't tell us," Siffert said. Evidence introduced in court shows that Kasowitz Benson lawyers continued to use and share material obtained from Banc of America after they were told about a March 2005 court order preventing its use in other venues. According to evidence that came up during hearings in front of Owen, Kasowitz Benson drafted and circulated to several law firms a shareholder complaint that was later filed against SAC and others in New Jersey federal court. That complaint closely mirrors the one filed by Biovail against the same defendants a month earlier and uses some of the same information obtained from Banc of America. Lawyers representing shareholders suing Biovail in New York federal court argued in a letter sent to Judge Owen last week that Biovail's lawyers drafted and caused the filing of the New Jersey shareholder complaint to hamper class certification in New York. Kasowitz Benson also represents Fairfax Financial Holdings, a Canadian insurer who sued some of the same defendants and alleges a similar conspiracy to depress its stock. Last June, Kasowitz Benson partner Marc Kasowitz testified in front of a Senate hearing about hedge funds, alleging that supposedly "independent" research reports are routinely bought and paid for by short-selling hedge funds, and warned lawmakers that "the potential for gross fraud and abuse is stunning." |
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Class-action lawsuit launched over pet food
Class Action News |
2007/03/23 16:59
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Jacqueline Johnson of Madison, Wisconsin filed a lawsuit Tuesday claiming that Menu Foods, Inc. produced and distributed dangerous pet food. More than 95 pet owners have joined a class-action lawsuit against Menu Foods Inc., saying it produced and distributed pet food that might be dangerous, and possibly deadly, to animals. The complaint contends her gray tabby, Gumbie, became ill after eating food from an Iams Select Bites pouch in early February. Gumbie became lethargic, refused food and lost weight, she said, and a veterinarian diagnosed acute renal failure. The cat was "pet-hospitalized" and prescribed intravenous fluids. Johnson told CNN she considers herself lucky. "Thankfully we got her to the vet in time. My cat was very ill, but there are lots of people around the country whose pets have died or been euthanized." Since coming home, Gumbie has required a great deal of care. "It is stressful to have to stick a needle in the cat every day," said Johnson, who has had to administer daily subcutaneous fluid-and-drip injections since bringing Gumbie home. Gumbie is likely to require medical tests and monitoring every few months, and Johnson expects this will increase her expenses considerably. She said she already has paid more than $3,000 in veterinary bills. Johnson's attorney, Frank Jablonski of Progressive Law Group, said more than 95 people have joined the suit since it was filed, and he expects many more. "We have all the clients we need," he said. "We wouldn't bring a lawsuit that we are not confident we will win." The lawsuit is seeking an unspecified amount of damages. Courts will have to certify the class and what venue will hear the case. Menu Foods spokesperson Sam Bornstein declined to comment on the lawsuit but said the company has received tens of thousands of consumer inquiries and is doing its best to respond to them. "Our hearts go out to many thousands of pet owners, some of them for their losses and some for their worry," he said. Menu Foods announced the precautionary recall March 16. The recall affects dog and cat food manufactured between December 3 and March 6, and is limited to "cuts and gravy" style pet food in cans and pouches produced at its plants in Kansas and New Jersey. The food is packaged under a wide variety of brand names. Both the Food and Drug Administration and Menu Foods have been unable to identify the root cause of the problem, but the FDA said Tuesday that officials were focusing on a recent supply of wheat gluten as the likely culprit. |
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Pfizer loses court ruling on Norvasc patent
Court Feed News |
2007/03/23 16:53
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Pfizer Inc. said Thursday that a federal appeals court has overturned a lower court decision that upheld the patent protecting its widely-prescribed hypertension drug Novasc, a move that opens the door to early generic competition. In a statement, Pfizer said the U.S. Court of Appeals for the Federal Circuit reversed a lower court ruling in favor of Pfizer, which found the Norvasc patent to be valid and enforceable. The appeal was brought by Apotex, which has been seeking to have the Pfizer patent nullified in order to put out a generic version of the drug. Pfizer added that it is "reviewing the decision and is considering all its options, including seeking reconsideration."
Other generic drugmakers have also been seeking to put out generic versions of the drug, including Mylan Laboratories (MYL) . Norvasc is slated to lose patent protection later this year. Prudential analyst Timothy Anderson said in his note Thursday that the appeals ruling could allow for the introduction of generic versions of Norvasc as soon as next week. "We did not anticipate this ruling, but it will probably only have a muted impact on Pfizer which is already a washed-out, low valuation name," wrote Anderson. "Earlier generic entry is a negative and could cost the company $1 billion in sales or so in 2007, but given Pfizer's size and cash generation this it not very material to the company's future outlook, in our opinion," Anderson added. |
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