0 results for 'Reed Smith'
Bankrupt Victims of Fraudulent Investment Schemes Could Be Barred From Recovery
Some of those involved with innovative and highly leveraged financial transactions will become insolvent due to investment fraud perpetrated by others. Innocent victims, who are eager to recover from all parties that participated in the fraud, may want to file a bankruptcy petition or to seek the appointment of a reciver to act on their behalf. But attorney Amy M. Tonti cautions that such victims, including creditors and investors, should first determine if the in pari delicto defense may bar recovery.Court Orders State To Revisit Medicaid Reimbursement Appeals
New Jersey`s failure to use objective criteria in deciding hospitals` Medicaid reimbursement has prompted an appeals court to order reopening of two dozen cases, in which $351 million is at stake.Lender, Brokers Are Sued Over Subprime Crunch
Homeowners squeezed by the subprime mortgage crisis are turning up in New Jersey's federal court, where a half-dozen suits accuse lenders and mortgage brokers of promising favorable terms and then substituting costlier ones, which violates the federal Truth in Lending Act, as well as state and common law. A handful of similar suits have made headlines around the country. One blogger notes that if TILA suits succeed, then subprime mortgage investors could face trouble based on the law's rescission remedy.$37.4 million in damages ordered against Cartier supplier
Swiss jewelers Cartier and Van Cleef & Arpels have won a $37.4 million federal court judgment against a New York supplier of knockoff rings, bracelets and other luxury items - thanks to the defendant's failure to answer.E-Discovery Tops List of In-House Worries
Electronic discovery is the bogeyman that haunts the sleep of corporate legal counsel, according to Fulbright & Jaworski's annual study of in-house trends. With steep fines and jail sentences being handed out to corporations and executives that violate the Sarbanes-Oxley Act, corporate counsel are taking a closer look at policies guiding record-keeping and disclosure, but the process is increasing litigation burdens and costs.Judicial Bias Claims Reach Calif. High Court
Attorneys arguing that California prosecutors routinely excluded Jews from death penalty juries have been asked a tricky question: Does it matter if the court record doesn't establish that any of the excused jurors were actually Jewish? The justices of the California Supreme Court posed that question in a habeas case last month, and they're going to want answers during oral arguments Wednesday. It's a new wrinkle in a case that has fascinated the legal community since 2004.Trending Stories
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