They've cornered the market; a few firms dominate the derivative-suit arena

Article Abstract:

A few firms dominate stockholders' derivative actions suits, and the large fees make it well worth their while. The largest number of stockholders' derivative actions are filed in California. Reasons may include the large number of corporate headquarters in California, the fact that California is a large state with a great deal of business, that California courts are adept at handling securities suits and that California law seems to be more favorable. Multiple suits and claims of forum shopping have also been noted.

Management, Attorneys, Legal specialization, Stockholders' derivative actions, Shareholder lawsuits

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Mitsubishi takes on inventor: he's been called a national resource and a patent terrorist

Article Abstract:

Jerome H. Lemelson has been sued by Mitsubishi Electric Corp for patent fraud. The company claims that he makes a living from his patent suits and that he does not patent real inventions. The suit was inspired by his claims against the company for machine vision system technology. He owns close to 500 patents and is reported to have earned over $200 million in royalties in 1992.

Patents

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Insurer hit with quake verdict

Article Abstract:

A San Mateo County, CA Superior Court decided Matson Terminals, Inc v Home Insurance Co in favor of the plaintiff, ruling that the insurance company was guilty of fraud and malice in adding a never before discussed exclusion for pavements and wharves to a policy delivered to Matson shortly after the Loma Prieta earthquake.

Bad faith (Law), Earthquake insurance

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