Law and Taxation News
Articles 71 - 80 of most recent articles
Court Establishes First Guidelines For Mediators, Neutral Evaluators
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Law.com – Jul 24, 2008 02:20 AM [GMT] ¦ comment?
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Brokers' Employment Suit Backfires, Defendant Awarded $1.6 Million
A federal judge in Pennsylvania has upheld a $1.6 million arbitration award for a mortgage company that was being sued under RICO by two former brokers who sought damages of $20 million or more. The arbitrator ruled that the company owed the two brokers $317,364 for breaching the "protected territories" provision of their employment agreements, but found that the two brokers owed the company for unearned advances and for their breach of the employment contracts based on their contacts with a competitor.
Law.com – Jul 24, 2008 02:20 AM [GMT] ¦ comment?
A federal judge in Pennsylvania has upheld a $1.6 million arbitration award for a mortgage company that was being sued under RICO by two former brokers who sought damages of $20 million or more. The arbitrator ruled that the company owed the two brokers $317,364 for breaching the "protected territories" provision of their employment agreements, but found that the two brokers owed the company for unearned advances and for their breach of the employment contracts based on their contacts with a competitor.
Law.com – Jul 24, 2008 02:20 AM [GMT] ¦ comment?
Latham Puts Lawyers in Mideast Offices
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Law.com – Jul 24, 2008 02:20 AM [GMT] ¦ comment?
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SEC Files Fraud Actions Against Fuel, Wireless Firms
The Atlanta Regional Office of the Securities and Exchange Commission has filed fraud actions against two Southeastern companies -- Mobile Ready Entertainment and U.S. Sustainable Energy Corp. -- alleging they engaged in "pump-and-dump" schemes in which companies distribute bogus information to pump up share prices, only to dump the stock and leave investors with huge losses. An SEC director says about 5 percent of the cases brought by the SEC's national enforcement program involve pump-and-dump schemes.
Law.com – Jul 24, 2008 02:20 AM [GMT] ¦ comment?
The Atlanta Regional Office of the Securities and Exchange Commission has filed fraud actions against two Southeastern companies -- Mobile Ready Entertainment and U.S. Sustainable Energy Corp. -- alleging they engaged in "pump-and-dump" schemes in which companies distribute bogus information to pump up share prices, only to dump the stock and leave investors with huge losses. An SEC director says about 5 percent of the cases brought by the SEC's national enforcement program involve pump-and-dump schemes.
Law.com – Jul 24, 2008 02:20 AM [GMT] ¦ comment?
Court Orders Dickie Scruggs to Ky. Federal Prison
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11th Circuit Rejects Most of Fla. Pledge Challenge
The 11th U.S. Circuit Court of Appeals has rejected a First Amendment challenge to a Florida law that says students must get a parent's permission to get out of a daily classroom recitation of the Pledge of Allegiance. But the court ruled that a part of the law requiring all "civilians" to stand during the pledge in schools is unconstitutional.
Law.com – Jul 24, 2008 02:20 AM [GMT] ¦ comment?
The 11th U.S. Circuit Court of Appeals has rejected a First Amendment challenge to a Florida law that says students must get a parent's permission to get out of a daily classroom recitation of the Pledge of Allegiance. But the court ruled that a part of the law requiring all "civilians" to stand during the pledge in schools is unconstitutional.
Law.com – Jul 24, 2008 02:20 AM [GMT] ¦ comment?
Manatt's China Energy Gambit
The credit crunch and tax-break uncertainty were pulling San Francisco lawyer Charles Ferguson's energy practice into a lull. Three deals in the billion-dollar range stalled in the past year, thanks to the souring U.S. business environment. So he and his firm turned to China. With its booming economy and growing investment in renewable and alternative energies -- which account for about 75 percent of Ferguson's practice at Manatt, Phelps & Phillips -- China looked like a source of potential new business.
Law.com – Jul 24, 2008 02:20 AM [GMT] ¦ comment?
The credit crunch and tax-break uncertainty were pulling San Francisco lawyer Charles Ferguson's energy practice into a lull. Three deals in the billion-dollar range stalled in the past year, thanks to the souring U.S. business environment. So he and his firm turned to China. With its booming economy and growing investment in renewable and alternative energies -- which account for about 75 percent of Ferguson's practice at Manatt, Phelps & Phillips -- China looked like a source of potential new business.
Law.com – Jul 24, 2008 02:20 AM [GMT] ¦ comment?
Web Spawns Hotel-Tax Suits
More than 200 municipalities have filed lawsuits alleging that online travel companies have pocketed hotel taxes paid by consumers that rightfully belong to city and county governments. Recently, some of the claims have gained traction.
Wall Street Journal – Jul 24, 2008 02:03 AM [GMT] ¦ comment?
More than 200 municipalities have filed lawsuits alleging that online travel companies have pocketed hotel taxes paid by consumers that rightfully belong to city and county governments. Recently, some of the claims have gained traction.
Wall Street Journal – Jul 24, 2008 02:03 AM [GMT] ¦ comment?
Are DNA Tests as Accurate as We Thought?
Trumpeted for years as virtually infallible, DNA tests may not be as accurate as we thought. Questions raised by an Arizona lab worker who stumbled across several close DNA matches that seemingly defied the odds of a match, as described in court, have led to more extensive efforts to test…
ABA Journal – Jul 24, 2008 12:20 AM [GMT] ¦ comment?
Trumpeted for years as virtually infallible, DNA tests may not be as accurate as we thought. Questions raised by an Arizona lab worker who stumbled across several close DNA matches that seemingly defied the odds of a match, as described in court, have led to more extensive efforts to test…
ABA Journal – Jul 24, 2008 12:20 AM [GMT] ¦ comment?
Failed Broker Haunts Australian Bank
Customers of brokerage Opes Prime have sued Australian bank ANZ, a former backer, following securities losses of about $970 million. ANZ has denied the customers' claims and says they should have been aware of the risks.
Wall Street Journal – Jul 24, 2008 12:20 AM [GMT] ¦ comment?
Customers of brokerage Opes Prime have sued Australian bank ANZ, a former backer, following securities losses of about $970 million. ANZ has denied the customers' claims and says they should have been aware of the risks.
Wall Street Journal – Jul 24, 2008 12:20 AM [GMT] ¦ comment?
