It had to happen. Bernard Madoff's $50 billion Ponzi scheme is turning into a lawyers' picnic with the lawsuits rolling in.First, we have reports that a New York woman, Phyllis Molchatsky, is...

Already the signs aren't looking good, and accountants should start to worry.With the credit crisis, the number of securities class actions has nearly doubled this year, according to NERA...

In a 5 to 4 decision, the US Supreme Court has opened the door to a flood of lawsuits against tobacco companies with a ruling that smokers can sue over the way they promote light and low tar...

Earlier this year, I did a blog entry looking at Nicholas Cage's battle with the Internal Revenue Service. All over his treatment of meals , gifts and that Gulfstream 1159A turbojet. Quite...

General Motors Corp. and its auditor, Deloitte have reluctantly agreed to pay $303 million to settle claims that the automaker lied to investors about its finances.The settlement seeks closure on a...

Ratings agencies are now getting sued. That was always inevitable.Just one month after the Securities and Exchange Commission brought down a report slating the agencies for conflicts of interest that...

It's clear that the subprime debacle has resulted in an outpouring of litigation. The trend was fairly obvious just months ago when I looked at the issue here.Now, the trned seems to be gathering...

Earlier this month, I did a blog entry on how Swiss bank UBS was aiding and abetting tax cheats.Then last week, we had news reports that New York State Attorney General Andrew Cuomo Thursday has...

The business-friendly US Supreme Court has once shown that persistence pays off. Especially when it's coming from the big end of town.The Supremes have cut the 1994 $5 billion punitive damages...

Two lawsuits with potentially massive consequences.Buffalo-based M&T Bank is suing Deutsche Bank for $82 million, claiming for $82 million, claiming Deutsche Bank fraudulently sold M&T...

Bizarre story about a Fox News employee Jane Clark launching legal action claiming she got bedbug bites at work and that she is now suffering from post-traumatic stress disorder. Just how bad is it...

Two years ago, there was plenty of talk about how the backdating scandals would turn into a lawyers' picnic. Lawyers, who are always quick to find new ways of making a buck, were filing lawsuits...

Earlier this month, I looked at how class actions were on the rise, up 21 per cent, from 92 in 2006 to 111 in 2007. At the time, I suggested that the subprime crisis may well drive the trend......

Some worrying signs on the class action front and it's going to get a whole lot worse.Class actions are on the increase and the median settlement figure has Spiked, according to the latest...

Just a few weeks, I did a blog entry looking at the stupidity of the courts in dealing with Wikileaks. The case arose from a complaint from Swiss bank Julius Baer which had filed a lawsuit claiming...

The enforcement division of the Securities and Exchange Commission brings between 400 and 500 civil enforcement actions every year for violations that include insider trading, manipulating market...

Move over wesley snipes. The Internal Revenue Service is suing Oscar-winning actor Nicholas Cage for using a Los Angeles-based company he owns "to wrongly write off 3.3 million dollars in...

Just another example of how out of touch the law is when it comes to technology with a US federal judge has tried shutting down the website Wikileaks.org. You can find details of the court order...

Late last month, I did a blog entry looking at Donald Trump's legal woes with Las Vegas property management company suing him for $4 billion, accusing The Donald of monopolistic practices,...

Not the best of weeks for Donald Trump.First, there are reports that like senior members of his organization have agreed to meet before a Scottish inquiry surrounding the circumstances of a proposed...

The fallout from the the US Supreme Court's long-awaited decision in StoneRidge Investment Partners v Scientific Atlanta last week continues.The battle of StoneRidge was fought over a case...