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BANKRUPTCY - Giovanni v. Bank of Am. Nat. Ass'n

ORDER - In Fair Credit Reporting Act action plaintiff complains Bank reported, subsequent to her bankruptcy filing, her late payments. However, filing bankruptcy stops collection activities, not credit reporting. (N.D. Cal.)

ENVIRONMENTAL LAW - Ctr. for Biological Diversity v. Exp.-Imp. Bank of the U.S.

COMPLAINT - Plaintiff Center alleges Export-Import Bank, a U.S. agency has failed to properly take into account the effects of its authorized loan for Australia Pacific LNG Project on the Great Barrier Reef World Heritage Area, in violation of the U.S. Endangered Species Act and its own Environmental Procedures and Guidelines. (N.D. Cal.)

SECURITIES - In re ChinaCast Educ. Corp. Sec. Litig.

ORDER - A putative class action by shareholders of ChinaCast alleged directors knew of looting of company by Chairman Ron Chan Tze Ngon, but failed to adequately plead scienter. (C.D. Cal.)

COURT WIRE: JUST FILED

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A photo illustration showing the Facebook and Instagram apps on a phone. REUTERS Antonio Bronic

Instagram furor triggers first class action lawsuit

12/24/2012

The company, which allows people to add filters to photos and share them easily on the Internet, has been facing howls of protests over changes to its service terms.

Wells Fargo REUTERS Robert Galbraith

Wells Fargo agrees to proposed settlement on shareholder actions

12/24/2012

The suits were against current and former directors and executives largely related to conduct at Wachovia bank, which Wells acquired in 2008.

Credit Card Swiper REUTERS Issei Kato

Appeals court revives VeriFone restatement lawsuit

12/21/2012

The 9th Circuit reversed a lower court decision dismissing the litigation over restatement of results by the electronic payments company.

An Apple store in Germany, file. REUTERS Michael Dalder

Apple presses case for Samsung sales ban in appeals filing

12/20/2012

The American company has requested the panel to reconsider its decision to overturn a pretrial sales ban of the Galaxy Nexus smartphone granted by a lower court.


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