BUSINESS
May 22, 2012 | By Ryan Faughnder, Los Angeles Times
A federal administrative judge ruled that pomegranate juice maker Pom Wonderful used deceptive advertising when it implied its products could treat or prevent serious diseases and other medical conditions. Judge D. Michael Chappell upheld much of a 2010 Federal Trade Commission complaint against the Los Angeles company owned by Lynda and Stewart Resnick. The judge said in his decision issued Monday that Pom used "insufficient" evidence to back its claims that Pom products "treat, prevent or reduce the risk of heart disease, prostate cancer or erectile dysfunction.
BUSINESS
May 22, 2012 | By E. Scott Reckard, This post has been corrected. Please see note below.
Former IndyMac Bancorp Chief Executive Michael W. Perry has won dismissal of much of the fraud lawsuit brought against him by the Securities and Exchange Commission. U.S. District Judge Manuel Real in L.A. tossed out five of the seven SEC filings by IndyMac that the agency's suit listed as grounds for action. Real ruled Monday that the filings from the giant Pasadena thrift contained no false or misleading statements to investors about IndyMac's deteriorating condition as the housing markets melted down.
BUSINESS
May 22, 2012 | By David Sarno
The heads of Apple Inc.and Samsung Electronics Co. will sit opposite each other in settlement talks this week, even as the rival smartphone makers continue to blast each other with patent infringement claims. Apple Chief Executive Tim Cook was scheduled to participate in a mediation conference with Samsung Chief Executive Gee-Sung Choi in front of a San Francisco judge Monday and Tuesday to discuss how to speed the resolution of a high-profile U.S. patent case. The 13-month-old case in the U.S. District Court in Northern California is one of many around the world that are amounting to a bruising patent war. The two companies have repeatedly accused one another of copying the look and function of their rival's tablets and smartphones.
NEWS
May 21, 2012 | By Michael Hiltzik
It has long been clear that the most wonderful thing about Pom Wonderful pomegranate juice is the spectacular marketing skill that persuades consumers to fork over their hard-earned cash for a liquid that sells for five to six times the price of, oh, cranberry juice. As we've mentioned in the past , the key to that marketing is the claim by Pom's makers, the Beverly Hills grandees Stewart and Lynda Resnick and their company, that Pom has wonderful health effects, especially in the areas of prostate cancer, erectile dysfunction, and cardiovascular performance.
CALIFORNIA | LOCAL
May 21, 2012 | By Teresa Watanabe, Los Angeles Times
For 18 years, Dora Sanchez Hernandez has fiercely protected her son. From the time Erik Esequizel was born prematurely at just 24 weeks, she has been there for him. Through 50 surgeries and two near-death episodes. Through the daily demands of feeding, bathing and dressing. Through abandonment by his father and advice from doctors to pull the plug. Now - in what L.A. County Superior Court Judge Michael I. Levanas called a "celebration of family" - Hernandez and 14 other families have been granted limited conservatorships over their disabled children.
BUSINESS
May 20, 2012 | By William D'Urso, Los Angeles Times
The gig: As a kid Jamon Hicks spent many afternoons in courtrooms where his mother was a clerk. He still spends a lot of his time in courtrooms, but now Hicks, 32, is a trial attorney with the Cochran Firm in Los Angeles. Also, last month Hicks became president of the California Assn. of Black Lawyers, an organization founded in 1977 that now has more than 6,000 members, including lawyers, judges, law professors and students. Growing up in court: Hicks was raised in Inglewood and Baldwin Hills, and after day care or school he was often whisked to courtrooms where his mother was finishing her workday.