PROTECT CONSUMER JUSTICE.ORG

Greatbanc Trust Co. asked the court to limit its damages to $15 million after Judge Rebecca Pallmeyer of U.S. District Court ruled last year that the trustee violated the Employee Retirement Income Security Act when it let the ESOP buy $250 million in shares as part of Tribune’s 2007 leveraged buyout by Chicago real estate mogul Sam Zell.

Wall Street Journal: A federal grand jury indicted the chief of security at the Massey Energy Company on charges of lying to investigators and ordering the destruction of security-related documents.

Washington Post: The cap on non-economic damages would rise from $2 million to $2.95 million over the next 20 years under a bill that’s been sent to Virginia’s governor.

Los Angeles Times: The three recalls are aimed at fixing problems that can lead to uncontrollable acceleration.

Minneapolis StarTribune: A member of the Minnesota National Guard who has served in Iraq has filed a lawsuit against Citibank, challenging its “mandatory forbearance” policy for student loans being repaid by military personnel.

Los Angeles Times: The hospital halted kidney transplants after the mistake was discovered. A Texas transplant surgeon says he “can’t even imagine” how the error could happen.

San Francisco Chronicle: The Second District Court of Appeal said the applicable state law “should be read in light of its purpose of protecting employees.”