Damages in a securities class action are based on, among other things, the difference between the price that an investor paid for the corporation’s stock and the value of this stock had the corporation not lied to the market.[17]   The class action settlement recovery process is an essential component of the greater class action mechanism. [read post]

Rejecting the appellate court’s holding that all well permits were discretionary based on its reading of the “horizontal distance” requirement, the California Supreme Court took on a more nuanced view which deferred to the agency to make such determinations on a case-by-case basis. [read post]

– EPA News Release, August 11, 2010 International Minerals Technology, LLC, of The Woodlands, Texas, has agreed to pay a $30,000 civil penalty to the United States to settle allegations that it violated the federal Clean Water Act at its Tetra Micronutrients production facility in Fairbury, Neb. [read post]