Shareholder Class Action
Recent Cases
Shareholders sued Calpine Corp. and its directors, claiming they are selling Calpine too cheaply to NRG Energy, for $23 a share, or $9.6 billion, a 6.7% premium over market price, in Harris County Court, Houston.
Shareholders claim directors of Wendy's International withheld information and engaged in self-dealing, in a class action in Franklin County Court, Columbus, Ohio.
TRM Corp. and its directors inflated share price through false and misleading statements, shareholders claim in Portland, Ore., Federal Court.
Shareholders claim American International Group inflated the value of its securities through false and misleading statements from May 11, 2007 through May 9, 2008, in Manhattan Federal Court.
Related listings
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Court Says Cop's Criticism Isn't Protected Speech
Recent Cases 05/22/2008An Illinois State Police officer was not wrongfully transferred for accusing his superiors of sabotaging his investigation of a cold-case murder, the 7th Circuit ruled. Plaintiff Michale Callahan filed a First Amendment retaliation claim against his ...
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Ex-Lottery Commissioner Loses Conviction Appeal
Recent Cases 05/20/2008The 4th Circuit upheld the conviction and sentencing of ex-North Carolina lottery commissioner Kevin Geddings, who concealed the fact that he had a conflict of interest with a lottery vendor. A federal jury convicted Geddings of five counts of mail f...
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Skycaps File National Class Action
Recent Cases 05/16/2008Employers are cheating airport skycaps nationwide by paying them less than minimum wage and discouraging tipping by charging a $2 per bag "baggage fee," which customers falsely believe will be given to the skycaps, the skycaps say in a federal class ...
USCIS Issues Clarifying Guidance on NAFTA TN Status Eligibility for Economists
U.S. Citizenship and Immigration Services (USCIS) announced today that it is clarifying policy guidance (PDF, 71 KB) on the specific work activities its officers should consider when determining whether an individual qualifies for TN nonimmigrant status as an economist.
The North American Free Trade Agreement (NAFTA) TN nonimmigrant status allows qualified Canadian and Mexican citizens to temporarily enter the U.S. to engage in specific professional activities, including the occupation of economist. The agreement, however, does not define the term economist, resulting in inconsistent decisions on whether certain analysts and financial professionals qualify for TN status as economists.
TN nonimmigrant status is intended to allow a limited number of professionals and specialists to work temporarily in certain specifically identified occupations in the United States. This updated guidance provides USCIS officers with a specific definition of one such category – economists – allowing them to adjudicate applications in a way that complies with the intent of the agreement. This policy update clarifies that professional economists requesting TN status must engage primarily in activities consistent with the profession of an economist. Individuals who work primarily in other occupations related to the field of economics — such as financial analysts, marketing analysts, and market research analysts — are not eligible for classification as a TN economist.