August 5, 2011

SECONDARY AGENTS CAN BE HELD LIABLE FOR SECURITIES VIOLATIONS AND RESCISSION

The Appellate Court found that an insurance services company which acted as an agent only in the sale of corporate promissory notes may have committed securities violations under Sections 25504 and 25504.1  of the Corporations Code and could be liable for $1,000,000 in a rescission action brought by a defrauded investor.  This ruling reflects the Court’s expansion [...]

August 2, 2011

Unlicensed Accountants Not Entitled to Overtime Wages as a Matter of Law

Two-thousand unlicensed junior accountants filed a wage-and-hour class action against their employer, PricewaterhouseCoopers LLP (PWC). The accountants claim PWC failed to pay them mandatory overtime under California Labor Code 510(a). The district court granted partial summary judgment in favor of the Plaintiff Class accountants, finding as a matter of law that PWC could not exempt [...]

July 30, 2011

Supreme Court Upholds Arbitration Clauses and Class Action Waivers in Consumer Contracts

In a decision which will have wide sweeping implications for any businesses serving consumers, the U.S. Supreme Court ruled on April 27, 2011, that companies may insert into their consumer contracts provisions that force the consumer to arbitrate any dispute, and which waive any right to bring a class action lawsuit.  This allows businesses the [...]

July 29, 2011

Righthaven Litigation Campaign Defeated Again by Doctrine of Fair Use

Since March 2010, Righthaven, LLC has filed 276 lawsuits against small defendants posting news articles on their websites.  Righthaven, LLC is a Las Vegas based copyright enforcer that works with newspaper companies to protect original content, but it does not actually own the copyrights on that content.  Several courts have already dismissed Righthaven lawsuits for [...]