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September 2, 2014

In The News Today – September 2, 2014

Ford Motor Co. cannot be held liable in a case involving asbestos-containing auto parts manufactured and distributed by its subsidiary in the United Kingdom, the Pennsylvania Superior Court has ruled. The Court upheld Philadelphia Court of Common Please Judge Arnold L. New’s summary judgement in favor of Ford. New said a plaintiff must demonstrate that a parent company controls the subsidiary “to a significant degree in order for piercing to be appropriate, providing evidence that the subsidiary was undercapitalized, the entities did not adhere to corporate formalities, or that the entities intermingled their affairs or funds.” (The Legal Intelligencer)

A New York federal judge on Friday “freed” Goldman Sachs Group Inc., JPMorgan Chase & Co. and others from multidistrict litigation over allegations of supply manipulation of alumni mum. The judge ruled that “the plaintiffs lack antitrust standing and haven’t sufficiently pled the existence of a conspiracy.” (Law360)

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