Legal News Brief – May 24, 2013
Before you head out for the weekend, check out your legal news headlines from Thomson Reuters News and Insight.
States pressured to match their false claims acts to federal law
Ten states are at risk of losing a 10 percent federal bonus from settlements of Medicaid fraud lawsuits if they don’t make a deadline to pass state false claims laws.
Noel Canning agrees Supreme Court should review NLRB appointees
The Jan. 25 ruling invalidated the appointments of current NLRB members Richard Griffin and Sharon Block, raising questions about the board’s authority in hundreds of decisions since the appointments.
Large retailers sue Visa, MasterCard over card fees
The lawsuit comes ahead of a deadline for the millions of merchants affected by a $7.2 bln settlement to decide whether to forego receiving damages under the pact and pursue their own legal action.
Ally settlement may be a boon for ResCap bondholders
While bond insurers MBIA and FGIC receive the lion’s share of Ally Financial’s $2.1 bln contribution to mortgage lender Residential Capital’s debts, hedge funds like Paulson & Co may have obtained a better deal.
KPMG can’t arbitrate claims by Madoff feeder fund investors – court
The plaintiffs had accused KPMG of not adequately performing its auditing functions and failing to notify investors of “red flags” about Madoff’s scheme.
For more legal news, check out Thomson Reuters News & Insight.