Westlaw Journals weekly round-up

May 15, 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:

Toyota MDL plaintiffs seek approval of $1.6 billion settlement: Plaintiffs who claim that sudden unintended acceleration in Toyota cars and trucks ruined the value of their vehicles have asked a federal judge in Los Angeles to approve a $1.63 billion settlement of their economic damage class action. Their brief in support of approval calls the settlement “a landmark, if not a record, settlement in automobile defect class-action litigation in the United States.” (Automotive)

9th Circuit gives Ticketmaster second shot at proving bad faith: A federal appeals court has reinstated a lawsuit by Ticketmaster alleging breach of contract and bad faith against its insurer for refusing to defend the ticket vendor against a class action over its service fees. In an unsigned April 26 opinion reversing a trial court’s decision to dismiss the suit, a three-judge panel of the 9th U.S. Circuit Court of Appeals found the policy exclusion the lower court relied on, Exclusion E, too ambiguous to support the dismissal. (Insurance Bad Faith)

Delaware judge green-lights first step in three-way Freeport-McMoran merger: Dissident investors of Plains Exploration & Production Co. have failed to persuade a Delaware judge to stop a stockholder vote on joining a $9 billion three-way merger with precious minerals miner Freeport-McMoRan Copper & Gold and oil driller McMoRan Exploration Co. Vice Chancellor John Noble on May 9 denied the shareholders’ motion for a preliminary injunction to stop the vote until the Plains directors shopped for a better price than the $50-a-share Freeport offer and disclosed more information about the sale process. (Corporate Officers & Directors)