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$200 Million Judgment Against Wells Fargo Posting Practices Reinstated

Wells Fargo Bank, which has been fighting a consumer class action challenge to its transaction order posting practices since 2007, may have won the preemption battle but lost the liability war, as the U.S. District Court for the Northern District of California has reinstated

PCAOB Brings First Action for Violation of Accounting Standard No. 7

The PCAOB has issued an order censuring accounting firm Michael F. Cronin, CPA and its owner and sole employee for violations of Exchange Act Section 10A(j) and Rule 10A-2, the PCAOB’s rules and Accounting Standard No. 7 (AS 7) in connection with its audits of five issuer

Medicare Part D Insurer Unsuccessful Again at Challenging CMS’ Contract Termination and Request for Reimbursement

The Centers for Medicare & Medicaid Services’ (CMS) termination of a prescription drug insurance coverage provider’s contract was properly upheld by the federal district court in Arizona, and the government’s demand for immediate repayment of a prorated sha

Nationwide takedown leads to 89 individuals charged with $223 million in fraudulent billing to Medicare

A national Medicare fraud takedown conducted by the Medicare Fraud Strike Force resulted in charges against 89 people for $223 million in false billing, Attorney General Eric Holder and HHS Secretary Kathleen Sebelius announced. Four hundred law enforcement agents from vario

Aircraft Manufacturer Published Engine Overhaul Manual in Its "Capacity as a Manufacturer"; But Manual Was Not a Replacement Part for GARA Repose Purposes

An aircraft manufacturer publishing an engine overhaul manual was acting in its "capacity as a manufacturer" under a statute of repose to bar negligence claims arising out of an airplane accident, the Sixth Circuit ruled (Crouch v. Honeywell International, Inc., May 14, 2013

Decision that Music Locker Service Qualified for DMCA Safe Harbor Vacated in Light of Second Circuit’s Viacom Ruling

The federal district court in New York City has vacated portions of a previous summary judgment order holding that the now-defunct music locker storage service MP3tunes qualified for safe harbor protections under the Digital Millennium Copyright Act (DMCA) in a copyright inf

Justice Department Outlines Allegations in e-Books Price Fixing Case

In preparation for trial next month in a federal/state action alleging a conspiracy involving Apple, Inc. and major publishers to fix the price of electronic books or e-books, the U.S. Department of Justice and complaining states tendered their pretrial submissions yesterday

Maker of Cancer Treatment Drug Challenges Punitive Damage Award as Unconstitutional

A manufacturer of two bisphosphonate drugs commonly used to treat patients with breast cancer that had metastasized to the bone has asked the U.S. Supreme Court to review an award of punitive damages entered against it in a products liability action brought on behalf of a wo

Federal Circuit Affirms ITC Ruling that Lack of Domestic Market for Patented Technology Precluded Owner from Seeking Import Ban of Nintendo’s Wii Video Game Systems

The International Trade Commission (“ITC” or “Commission”) correctly determined that Nintendo Co., Ltd. and Nintendo of America, Inc. (collectively “Nintendo”) did not violate Section 337 of the Tariff Act of 1930 by importing, selling for importation, or selling

Daily Reporting Suite

The law changes every day. The tools you use need to change with it. Introducing Wolters Kluwer Daily Reporting Suite — a daily reporting service created by attorneys, for attorneys — providing same-day coverage of breaking news and court decisions, and legislative and regulatory developments. The suite covers Antitrust, Banking & Finance, Employment, Health, Insurance, Intellectual Property, Products Liability and Securities.

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