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Year in Review: 3rd Circuit Highlights From 2001
The 3rd U.S. Circuit Court of Appeals resolved a wild variety of cases in 2001 -- ranging from the dog shot by a police officer while its owner watched in horror to the suspected terrorist who was awarded more than $100,000 in legal fees. Among the winners were the gun industry and a dead rap singer. Counting their losses were Nasdaq investors and residents around the Three Mile Island nuclear power plant.Do banks have the right to charge huge penalty fees for checking account overdrafts? A senior judge in Florida ruled that 15 cases raising such allegations can proceed to discovery in litigation that could cost the banks hundreds of millions of dollars.
Hospital Patients Sue Media for Fraud
Undeterred by last Tuesday's ruling that there is no constitutional right of privacy from the media, lawyers for hospital patients who claim they were tricked into appearing on TV are pursuing a national class action against the reality show, "Trauma: Life in the ER."Will Law Firms Take First-Years' Money Pot Off the Boil?
With first-year salaries at large law firms soaring by an impressive 250 percent in 20 years, some firm leaders are asking new questions about the cycle. "It's got to end," says Cozen O'Connor Chairman Stephen Cozen. "There's not an unlimited pot out there." The increase in salary on the lower end and the dwindling of partner profits to pay for it on the other end has created a tension zone somewhere in the middle, according to observers. And are firms even seeing a return on their investment?2005: A Competitive Time for Area Firms
Last year�s look back at events in the Philadelphia legal community went something like this: Not too much happened in 2004. This year was a whole different story.Two cases don't quite make a trend, but it's pretty interesting that the federal judges who last week certified ERISA classes both previously dismissed securities class actions raising very similar allegations against the defendants.
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Corporate Transparency Act Resource Kit
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