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UBS plans to cut about 3,500 jobs to save costs
UBS AG, Switzerland's biggest bank, will eliminate about 3,500 jobs, or 5.3 percent of its workforce, as stricter capital requirements and a slowdown in client trading reduce earnings.Insurance Carrier and Agent Can Share Liability
An insurance agent and agency can be held jointly and severally liable with an insurance company in a declaratory judgment action for misrepresentations made to a client, a Superior Court majority has ruled in an apparent case of first impression ...Court OKs Evidence Found During Vehicle Inventory
The state Superior Court has upheld a Dauphin County man's sentence of three to 10 years in prison on theft and firearms charges, but was split on whether firearms discovered during an inventory of the defendant's vehicle prior to towing should have been suppressed.Courts Won't Tolerate Discovery Abuses, Panel's Ruling Warns
The Appellate Division, Second Department, reversed a trial judge and said a Long Island law firm's "intentionally false and misleading" responses to discovery demands were not cured by belated disclosure.U.S. Statute Mandating Reports of Accidents Vests Litigation Privilege
A federal law intended to keep state reports on auto accidents off limits to tort claimants creates an absolute privilege against their disclosure in discovery, a state appeals court holds.Wall Street execs still flying private skies
Crisscrossing the country in corporate jets may no longer fly in Detroit after car executives got a dressing down from Congress. But on Wall Street, the coveted executive perk has hardly been grounded.Six financial firms that received billions in bailout dollars still own and operate fleets of jets to carry executives to company events and sometimes personal trips, according to an Associated Press review.Unlocking the Power of Early Case Assessment Workflows
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Good Legal Technology is Good Business: A Case for Bringing Employment Issues In-House
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State AI Legislation Is on the Move in 2024
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