Search

The article discusses the U.S. District Court case Texas Instruments Inc. v. Citigroup Global Markets in which action against the defendants was filed by the auction-rate-securities (ARS) investor for the violation of Texas Securities Act. The plaintiff moved to remand whereas the defendants moved to sever, and it was held by the court that investor had not misjoined under Texas law. The plaintiff's motion to remand was granted, and the defendants' motion to sever was denied as moot.

The article discusses the U.S. Fifth Circuit decisions regarding the Transocean's insurance case. The Fifth Circuit issued its original decision in March 2013 reversing the district court's ruling that BP was not entitled to insurance coverage under Transocean's policies. The court also noted the ambiguities of drilling contract and insurance policy and certified the issue to the Texas Supreme Court.

A judge in the US District Court in Texas has denied Sesa Sterlite's request to stay a court order that it pay nearly $83 million to copper miner Asarco LLC. [ABSTRACT FROM AUTHOR]