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State Bar to Approve New Slate of Officers
L ong Island attorney A. Thomas Levin is slated for election today as president-elect of the New York State Bar Association, putting him on track to assume the presidency on June 1, 2003.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.Fla. Tobacco Firm's Chapter 11 Filing Won't Stop Payment to States
A Miami Beach-based cigarette maker that participated in the huge tobacco industry settlement with 46 states has filed for Chapter 11 protection. It claims that unfair application of the settlement has driven it into bankruptcy court. But the company's attorneys say that won't keep Bekenton USA from paying millions of dollars it owes the states under the agreement, first implemented in 1998 and designed to reimburse the states for Medicaid costs related to treating sick smokers.Fla. Tobacco Firm's Chapter 11 Filing Won't Stop Payment to States
A Miami Beach-based cigarette maker that participated in the huge tobacco industry settlement with 46 states has filed for Chapter 11 protection. It claims that unfair application of the settlement has driven it into bankruptcy court. But the company's attorneys say that won't keep Bekenton USA from paying millions of dollars it owes the states under the agreement, first implemented in 1998 and designed to reimburse the states for Medicaid costs related to treating sick smokers.
Attorney Ineligibility Order Pursuant to Rule 1:28-2(a)
Notice to the bar.TRENDING STORIES
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