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Top class action lawyer won case, never told clients, they say
Warning: We are about to peek inside the class-action sausage factory; it’s not a sight for the squeamish. Last October, three clients of the nation’s preeminent class action lawyer, Bill Lerach, got...
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Report: Class action king Bill Lerach to “retire”
[This posting is written jointly by Fortune editor at large Peter Elkind and senior editor Roger Parloff] The nation’s preeminent class action lawyer, Bill Lerach, 61, informed at least one major...
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Supremes reject antitrust class-action over IPO shenanigans
This morning the U.S. Supreme Court threw out, by a 7-1 vote, an antitrust class action suit filed by investors against 10 leading investment banks, alleging collusive and manipulative IPO underwriting...
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Defendant to plead guilty today in Milberg case
(This item is by Roger Parloff and Fortune Editor at Large Peter Elkind.) Defendant David J. Bershad, 67, a named partner at the indicted class-action law firm now known as Milberg Weiss & Bershad,...
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Pro-business forces confident after Supreme Court argument
[UPDATE: I originally wrote this post on October 8, but am now updating it on October 9 after attending the oral arguments in the case. The updated portions are indicated below in italics.] On Tuesday...
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Ending software patents: Has the time come?
Attempting to ride a wave of corporate and judicial disenchantment with aspects of the current patent system, a new project was unveiled Thursday designed to, as its name bluntly indicates, End...
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Regulators investigating Schwab, Merrill over suspected money laundering
FORTUNE — Federal regulators are investigating whether Charles Schwab SCHW and Bank of America’s Merrill Lynch BAC unit are doing enough to vet the identities of their clients to prevent illegal money...
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Merrill Lynch settles accusations that it overcharged mutual fund customers
Bank of America’s BAC Merrill Lynch has agreed to pay $8 million to settle allegations that it excessively charged over 47,000 charities and retirement account owners in fees. As part of the...
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This Bank Is Building a Robot that Gives Investment Advice
Bank of America BAC is joining the ever-increasing club of robo-advisors by building its own proprietary automated investment platform, people with knowledge of the project told Bloomberg. The...
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5 Fascinating Facts about the Booming Robot Market
The robot industry is experiencing a boom period that's not likely to slow anytime soon. Bank of America Merrill Lynch BAC released a report this week that said that annual global sales of robots...
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The Multi-Billion Dollar Robotics Market Is About to Boom
Here's another sign that the robotics industry is poised to see big gains in the future. On Wednesday, a report by International Data Corporation said worldwide spending on robotics and related...
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Can Microsoft Follow Amazon’s Cloud Trajectory?
A rosy research note helped boost Microsoft shares Monday morning, signaling what bulls hope will be a resurgence in the stock which, over the past few weeks, has hit a bit of a swoon. The note from...
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