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Oneida Nation Builds In-House Department
Only about half of the roughly 1,000 Oneida Indians live in central New York, but the Oneida Nation employs nearly 5,000, has a $123 million payroll and is the largest employer in Oneida and Madison counties. Instead of seeing related legal business go to outside firms, Nation Enterprises, run by Oneida native and Harvard Law graduate Ray Halbritter, is looking to go in-house. GC Peter Carmen's staff of lawyers, paralegals and even archaeologists indicates the legal work is both challenging and intriguing.The Financial Industry Regulatory Authority has suddenly grown teeth--and it's sunk them deep into Merrill Lynch. In a March 20 ruling made public Friday, a FINRA arbitration panel awarded $39.8 million in damages and interest to the trustees of an endowed fund that was advised to invest in a business unit of Refco by a brokerage later purchased by Merrill.
Trustee's Claim of Protection Denied
A New York appellate panel held that a bank was liable for its failure to diversify investments held in its trust. Although the beneficiaries agreed to a waiver stating the investment would consist entirely of IBM stock and holding the bank harmless in the event of a drop in value, the panel ruled the waiver did not insulate the bank from liability.Cite as: Chandok v. Klessig, 09-4120-cv (L), NYLJ 1202478273704, at *1 (2d Cir., Decided January 13, 2011)Before: Jacobs, C.J., Kearse and Calabresi, C.JJp
Cite as: Immaculate Heart Central School v. NYS Public High School Athletic Association, 7:10-CV-1471, NYLJ 1202498445530, at *1 (Court, Decided June 23, 2011)J
'Candy Land' Trademark Action Permitted to Move Forward
A candy maker's trademark infringement case against Hasbro and Toys 'R' Us over the use of "Candy Land" can continue, but he cannot collect monetary damages if successful against the toy industry giants, a federal judge has ruled. Spero Haritatos of Rome, N.Y., is limited to collecting attorney's fees and costs from the defendants because he has failed to show that they engaged in willful infringement of his candy store trademark, Northern District Judge David N. Hurd ruled in Haritatos v. Hasbro.Trending Stories
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