Companies Mentioned

City Of Philadelphia Board Of Pensions And Retirement

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Title
Summary
Date
Commentaries
Securities Law

Seventh Circuit Looks at Corporate Scienter and Scheme Liability Rules in Pugh v. Tribune Co.
At the heart of these two consolidated cases is the clear, admitted, egregious fraud perpetrated by employees of a subsidiary of the Tribune Company. The plaintiffs in both cases (a securities case and an ERISA case) tried to extend liability for those fraudulent acts up through the corporate ranks of…
Posted:
05/21/2008
Summaries
Securities Law >
New Judicial Opinions

Seventh Circuit Dismisses Circulation Fraud Suit Filed Against Tribune Co.
As stated in the Seventh Circuit’s opinion, defendant Tribune was a media and entertainment company engaged in newspaper publishing (e.g., the Chicago Tribune, the Los Angeles Times), television and radio broadcasting (e.g., Superstation WGN), and other entertainment ventures (e.g., the Chicago Cubs-at least for the time being). Tribune’s publishing segment…
Date of ruling:
04/2/2008