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For Court, a wider ideological divide
Regardless of the outcome of the challenge to the new health care law, three days of arguments last week may have cemented the view of the Roberts Court as a willing and aggressive player in the American political conversation.U.S. Underwriters Insurance Co. v. City Club Hotel LLC
High Court to Decide When Insured Can Recover Fees After Insurer Loses Bid to Disclaim CoverageBernanke: Financial markets improving
WASHINGTON AP - Turmoil in financial markets has eased somewhat, but the situation is still "far from normal," Federal Reserve Chairman Ben Bernanke said Tuesday.The central bank has taken a number of unconventional steps - especially since March, when the credit crisis intensified - to help squeezed banks and big investment firms overcome problems and try to get credit flowing more freely again.McCarter taps Conn. lawyer as next managing partner
With McCarter & English managing partner Lois M. Van Deusen retiring after 29 years at the firm, management reins for the first time are being handed to a non-Newark, N.J., attorney. Partner Eric Watt Wiechmann, in the firm's Hartford, Conn., office, recently was named deputy managing partner and is scheduled to replace Van Deusen on Oct. 1. Though excited about guiding a firm in the midst of a growth spurt, Wiechmann says his desire to continue trying cases makes the move somewhat bittersweet.Indenture Trustee Liable for Erosion of Value of Collateral
Like many capital-intensive businesses, airlines finance their operations by issuing debt secured by their assets, which debts chiefly consist of aircraft and aircraft parts. When an airline encounters financial turbulence, the value of its creditors' collateral is at risk.Trending Stories
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