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Jamie McCourt had claimed that her 2011 divorce agreement with Frank McCourt should be dismantled because her ex-husband fraudulently portrayed the value of the Dodgers at below $300 million. He sold the team last year for $2.15 billion.
Black Employees Take Coke to Court
A U.S. District Court judge ordered Coca Cola Co. to deliver six years' worth of computerized data about thousands of workers to answer a disrcimination suit brought by more than 1,500 black employees. The company argues that the plaintiffs' claims are too individualized to be resolved in a class action.Daily Decision Service Alert: Vol. 20, No. 239 - December 13, 2011
Daily decision alert.Volatile Commodity Markets: Are Customers Protected?
Oren Buchanan Haker and Eva Marijke De Grauw of Cadwalader, Wickersham & Taft write that in response to the rising commodities prices, legislators were scrambling to introduce new legislation targeting low margin lending requirements, which are often as low as 5 percent to 8 percent. One such proposal, Senate Bill 3183, from Senator Byron Dorgan, D.-N.D., sought to curb speculation by raising margins to 25 percent for energy traders that were not commercial producers or purchasers.Sentence Guidelines Panel Stalled by Vacancies
After allowing the U.S. Sentencing Commission -- the 7-member body that writes federal sentencing guidelines -- to remain paralyzed with vacancies for nearly a year, the White House and key Congressional Republicans appear close to agreeing on candidates to replenish it. The commission has not had a four-member quorum since last summer. Meanwhile, federal legislation on child sexual abuse, telemarketing fraud and identity theft has gone without guidelines.11th Circuit: 'Sex specific' profanity could win harassment case
In an opinion remarkable for its unanimity-and free use of profanity-the full 11th U.S. Circuit Court of Appeals has issued a landmark decision favoring plaintiffs in sexual harassment cases.At issue was whether the use of words such as "bitch" in the workplace could support a sexual harassment lawsuit.Pace of Business Deals May Drop Along With Stocks
The stock market's recent downturn could slow the rapid pace of deals in attorneys' pipelines -- or perhaps shift acquisitions away from private equity funds, two Atlanta lawyers said. Two factors seem to be causing the turmoil, according to analysts and economists: ongoing woes in the subprime mortgage market and a worsening market for the cheap debt that has fueled the boom in private equity acquisitions. One attorney predicts that if the private equity market cools, more strategic deals will occur.Trending Stories
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