Westlaw Journals weekly round-up

May 29, 2013

Westlaw Journals Weekly RoundupThe new Westlaw Journals blog brings you litigation headlines in over 30 substantive areas of law. Here are some highlights from the past week:

FDIC sues bank execs for approving bad loans: Officers and directors of Frontier Bank in Washington state cost the bank $46 million by negligently approving loans that did not conform to its lending policy, the Federal Deposit Insurance Corp. has alleged. The FDIC claims in a lawsuit filed in the U.S. District Court for the Western District of Washington that the executives failed to obtain proper loan documentation and financial analyses for loans they approved. Bank & Lender Liability

Supreme Court asked to clarify pleading standards in FCA cases: A sales manager for Takeda Pharmaceuticals has asked the U.S. Supreme Court to resolve a conflict among the federal appellate courts over the proper standard for alleging fraud in False Claims Act cases. Sales manager Noah Nathan says a 4th U.S. Circuit Court of Appeals decision dismissing his FCA complaint for failure to plead fraud with particularity under Federal Rule of Civil Procedure 9(b) presents the court with an opportunity to resolve the conflict. Health Care Fraud

Judge approves Pittsburgh Corning’s bankruptcy plan after 13 years: A bankruptcy court in Pennsylvania has confirmed Pittsburgh Corning Corp.’s bankruptcy plan 13 years after the company filed for reorganization, citing an overwhelming number of asbestos claims. Pittsburgh Corning co-owner PPG Industries will make about $825 million in payments to a trust to resolve outstanding asbestos injury claims, the company said in a statement. Asbestos

Affordable Care Act hurts small businesses, suit says: A prominent GOP donor has sued the Obama administration in a bid to overturn the private insurance requirements in the Affordable Care Act, raising issues not addressed by the U.S. Supreme Court when it deemed the law constitutional last summer. Steven Hotze, a Houston physician and a founder of the Conservative Republicans of Texas, alleges the 2010 Patient Protection and Affordable Care Act, Pub. L. No. 111-148, radically hikes small-business costs and violates the plain language of the U.S. Constitution. Insurance Coverage