Westlaw Journals weekly round-up

August 28, 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:

CUNA Mutual blames 6 banks for MBS loses totaling $280 million: Insurance giant CUNA Mutual Group filed six separate lawsuits against some of the world’s largest banks on Aug. 15, alleging they sold the insurance company millions of dollars in mortgage-backed securities that are now worthless. The lawsuits, separately filed in the U.S. District Court for the Western District of Wisconsin, name Goldman Sachs & Co., UBS Securities LLC, Nomura Securities International Inc., Morgan Stanley & Co., Banc of America Securities LLC and JPMorgan Chase Bank N.A. as defendants. (Derivatives)

Housing collapse, not risky loans, sank Wilmington Trust, officers say: Wilmington Trust Corp. was a victim of the “Great Recession” and not running a scheme to hide risky real estate loans, the bank and its officers argue in a new bid to dismiss a securities fraud lawsuit in Delaware federal court. In a July 17 opening brief in support of their motion to dismiss the fourth amended version of the suit, WTC and its officers and directors say the plaintiff investors still cannot back up charges that they were kept in the dark about failed real estate gambles. (Delaware Corporate)

Expert testimony not needed in suit over patient’s surgical burn: A patient who alleges she was burned by a medical device during shoulder surgery need not present expert testimony to proceed with her negligence claims against the hospital, the Alabama Supreme Court ruled Aug. 2. Six of the nine justices on the panel concluded a trial judge should not have entered summary judgment for hospital operator Brookwood Health Services because a layperson could understand the alleged breach in the standard of care without expert testimony. (Medical Devices)

6th Circuit affirms rulings for Chevron in benzene exposure suit: An Ohio federal judge correctly entered summary judgment for Chevron USA in a mass tort action over benzene exposure and later sanctioned the plaintiffs’ attorneys for continuing to litigate meritless claims, a federal appeals court ruled Aug. 2. A three-judge panel of the 6th U.S. Circuit Court of Appeals found Senior U.S. District Judge Sandra S. Beckwith of the Southern District of Ohio properly excluded some of the plaintiffs’ expert opinions as unreliable in separate rulings dating back to 2009. (Toxic Torts)