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U.S. Tax Court Rules McAllen Lawyers Used Improper Tax Shelter
A federal tax court judge issued a ruling Feb. 14 finding three personal injury lawyers in the Rio Grande Valley used an improper tax shelter to reduce tax liabilities from contingent fees they received in 2001 from Firestone tire litigation.Ford Settles Ignition Suit; Could Cost Automaker $2.7 Billion
Ford Motor Co. agreed Thursday to reimburse current and former owners for repairs on millions of cars and trucks prone to stall because of a flawed ignition system. The deal approved by a California judge could cost the automaker $2.7 billion, plaintiffs said. The settlement was approved as the beleaguered automaker weathers a series of setbacks, including an erosion in sales and the costly Firestone tire situation.Ford Agrees to Settle Explorer Rollover Suit Covering 1 Million Owners in Four States
Ford Motor Co. on Wednesday ended an era of litigation over its rollover-plagued Explorer sport utility vehicles when it agreed to settle a class action covering about 1 million plaintiffs in California, Connecticut, Illinois and Texas who claimed their Explorers were prone to flip, according to a co-counsel for the SUV owners. A Ford spokeswoman said the deal ends all the outstanding rollover-related lawsuits against the company.Wall, plaintiff-appellant v. CSX Transportation Inc., defendants-appellees
Fraudulent Inducement Claim Valid Under New York, Pennsylvania Law Not Pre-Empted by Railway Safety ActTrending Stories
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