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Company's Donation of Failing Subsidiary Legal, Panel Rules
An insurance and financial services holding company that donated shares of a failing subsidiary, along with checks for $20,000, to several charities did not technically break any state insurance laws, the state Commonwealth Court unanimously ruled.Now that an appellate court has reversed more than half of a $310 million judgment against Mattel, Bratz doll manufacturer MGA Entertainment, its insurers, and its former law firm are fighting over the leftovers.
When It Comes to Diversity, Retention a Big Issue for Firms
Assignments, mentors and culture. Those are the newest challenges in the retention of minority attorneys and were the focus of a Philadelphia Diverse Law Group conference on Friday.Warming Up to Wellness Programs
More New Jersey law firms are offering health education, medical monitoring and diet/exercise programs to improve employee vitality and, hopefully, reduce health insurance costs.Rejected 'Annie' Gets A New Day -- in Court
A jury must decide if Macy's promised the contestants in its national talent search that the winner would get the title role in the Broadway revival of ``Annie'' -- and is therefore liable to the Philadelphia girl who won, but was dumped from the show just prior to opening night -- the 3rd U.S. Circuit Court of Appeals has ruled. Joanna Pacitti was 11 when she was chosen from among five finalists. She played the title role of Annie in a national tour that wended its way from Houston, Texas, to Hershey, Pa.FDA Notice About Contraceptive Patch Sparks Suits
A caution by the Food and Drug Administration about the potentially life-threatening effects of Johnson & Johnson's Ortho Evra contraceptive patch has fanned the flames of what could become nationwide litigation. Suits claim that patch users have suffered strokes, heart attacks and even death as a result of blood clotting caused by heightened estrogen levels. Web sites are publicizing the FDA directive and the litigation options available -- and federal suits are popping up around the country.Bondholders who bought into Washington Mutual Bank's $22 billion note offering never agreed to the proposed deal announced last month. At the time, WaMu Inc. said it didn't matter because the bondholders didn't have standing in its Chapter 11. Well, now they do.
It's a moot court for transactions attorneys
Last month the Drexel University Earle Mack School of Law in Philadelphia hosted a first-of-its-kind transactional lawyering competition, which drew 12 teams from 10 law schools and is part of a fledgling movement among legal educators to better prepare students to be dealmakers.Judge Orders New Trial in $4.4 Million NRA Verdict
As soon as he heard the jury's $4.45 million verdict in Brodbeck v. National Rifle Association, Senior U.S. District Judge Clarence C. Newcomer says, he knew he wasn't going to let it stand. After reviewing the trial transcript, Newcomer has now ordered a new trial, finding that the verdict was so ``bizarre'' and ``excessive'' that it must have been motivated by ``passion or prejudice'' against the NRA.State AI Legislation Is on the Move in 2024
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