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KBR & Halliburton Accused in Class Action
Legal PR |
2009/01/28 17:12
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KBR, Kellogg Brown & Root and Halliburton knowingly exposed U.S. troops to water contaminated by sewage and made soldiers sick by burning toxic waste unsafely, a class action claims in Montgomery County Court. The class claims that when KBR found it was giving troops contaminated water, it told its water quality specialist "to concern himself only with the health and safety of KBR personnel."
The class claims KBR earned $4.8 billion in Iraq in 2006 - 45% of the company's revenue that year - and that the defendants "acted egregiously merely to make more money for themselves."
The complaint cites a 2008 report from the Defense Department's Inspector General that confirmed that KBR supplied unsafe water to U.S. troops. It cites a 2006 report from KBR itself that found KBR's failure to disinfect water "caused an unknown population to be exposed to potentially harmful water for an undetermined period of time," and that "the deficiencies of the camp where the event occurred is not exclusive to that camp, meaning that countrywide, all camps suffer to some extent from all or some of the deficiencies noted."
They claim KBR's report admitted that the company kept little or no documentation on its water safety, standards or procedures.
The complaint states: "Former KBT employees and water quality specialist Ben Carter and Ken May told Halliburton Watch that KBR knowingly exposed troops and civilians to contaminated water from the Euphrates and Tigris Rivers. Ben Carter, a water quality specialist who worked for KBR at Junction city, testified that he tested water and found it was polluted with sewage and other contamination and that it was not being chlorinated. He then treated the tanks for the KBR employees and told company managers the military should be alerted so they could treat their tanks as well. Carter told the media that he was ordered by his KBR supervisor to concern himself only with the health and safety of KBR personnel. KBR was supposed to test the water three times daily to confirm safety but, according to Carter, such testing never occurred."
The class seeks medical monitoring and punitive damages for negligence, breach of duty, willful and wanton conduct, and other charges. They are represented by William O'Neil with Burke O'Neil of Washington, D.C. |
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Testing firm sues NYC to lift license suspensions
Legal PR |
2009/01/27 23:15
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A company accused of faking tests on concrete and steel at the new Yankee Stadium, the Freedom Tower and over 100 other projects is suing New York City to lift suspensions of their licenses.Testwell Inc. asserts in state Supreme Court papers that the city suspended its licenses "unlawfully" in October after the company was indicted on enterprise corruption charges. Testwell says the charges have not been proven. Testwell says an administrative law judge recommended lifting the suspensions but last week the city rejected that recommendation. The city Law Department says it is reviewing Testwell's court papers. The city has been attempting to retest concrete and steel handled by Testwell on some buildings, although prosecutors say no weaknesses have been found. |
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FBI: Long Island investment firm boss surrenders
Legal News |
2009/01/26 23:15
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The owner of a Long Island investment firm accused of cheating people out of more than $100 million is expected to appear in court Tuesday.FBI spokesman Jim Margolin says Nicholas Cosmo surrendered at a U.S. Postal Inspection Service office in Hicksville on Monday night. Cosmo runs Agape World Inc. in Hauppauge (HAW'-pawg). He's accused of taking in $300 million from investors and cheating them out of about $140 million. A letter hanging in Cosmo's office window denies there was any Ponzi scheme, the type of fraud Bernard Madoff (MAY'-dawf) is accused of committing. A Ponzi, or pyramid, scheme promises unusually high returns and pays early investors with money from later investors. Defense attorneys at the Herrick Feinstein law firm haven't returned telephone calls seeking comment. |
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Shuman Law Firm Investigates Advanced Med Optics
Law Firm Topics |
2009/01/13 17:09
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The Shuman Law Firm today announced that it is investigating potential breaches of fiduciary duty in connection with the proposed acquisition of Advanced Medical Optics, Inc. ("Advanced Medical Optics" or the "Company") (NYSE:EYE).
On January 12, 2009, Advanced Medical Optics announced their intent to sell the Company to Abbott Labs, Inc. (NYSE:ABT). Under the terms of the merger agreement, Advanced Medical Optics shareholders would receive $22 per share in cash for a total sale price of approximately $1.4 billion. Advanced Medical Optics is a leader in LASIK vision correction surgery and surgical contact lenses. One analyst noted that the Company was a "depressed, distressed asset, not so much because of the product portfolio, but because of under-management and a cyclical, tough environment for Lasik." Advanced Medical Optics stock had traded at more than $22 per share within the past four months.
If you currently own Advanced Medical Optics common stock and would like a free consultation concerning your rights and interests, please contact Kip Shuman, Esq. or Rusty Glenn, Esq. toll-free at 866-974-8626 or email Mr. Shuman at kip@shumanlawfirm.com or Mr. Glenn at rusty@shumanlawfirm.com.
The Shuman Law Firm represents investors throughout the nation, concentrating its practice in securities class actions and shareholder derivative litigation. |
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Four Potter Anderson Attorneys Recognized in The International Who's Who of Corporate Governance Lawyers 2009
Uncategorized |
2009/01/08 22:24
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Attorneys of the law firm of Potter Anderson & Corroon LLP have been selected as among the top corporate governance lawyers in the country by Law Business Research Limited. Partners Michael D. Goldman, Michael A. Pittenger and Donald J. Wolfe Jr. and of counsel Robert K. Payson, were selected for the Who’s Who Legal publication, The International Who’s Who of Corporate Governance Lawyers. The attorneys are members of the firm’s Corporate Group.
The publication identifies private practice lawyers with a proven track record in providing corporate governance advise to boards of directors and substantial privately held entities in connection with corporate disclosure governance and policy issues, as well as dealing with new laws, regulations, stock exchange rules and governance principles.
Research is conducted by Law Business Research Limited, a publisher of research, analysis and reporting on international business law and policy and the business of international law. In 2004, Law Business Research Limited became the official research partner of the International Bar Association, in 2006 it won the Queen's Award for Enterprise and in 2008 it became the strategic research partner of the American Bar Association's Section of International Law. |
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