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February 12, 2007 |

For 'Badges of Fraud,' Lawyer Is Denied a Bankruptcy Discharge

A New Jersey lawyer will not be allowed to clear his debts in bankruptcy because he filed false statements in court, tried to hide his equity interest in a firm and failed to keep records of loans from relatives and clients. U.S. Bankruptcy Judge Raymond Lyons denied a discharge to Neil Prupis on Jan. 24 at the request of a creditor in a Chapter 7 bankruptcy. Prupis takes issue with the ruling and is appealing.
6 minute read
March 29, 2011 |

Footbridge Limited Trust v. Countrywide Financial Corp.

Statutes of Repose Bar Hedge Funds' Fraud Claims Over Mortgage-Backed Securities
1 minute read
September 01, 2004 |

Sarbanes-Oxley Can't Revive Dead Claims

Although the Sarbanes-Oxley Act established more generous time limits for filing securities claims, a federal judge has ruled the law cannot be used to revive claims for which the previous, shorter time limits had already expired. Since the text of Sarbanes-Oxley is ambiguous, Judge Anita B. Brody in Pennsylvania found that she was forced to apply the presumption, announced by the U.S. Supreme Court in its Landgraf decision, that the new time limits cannot be applied retroactively.
7 minute read
June 23, 2003 |

Sarbanes-Oxley extends statute of limitations

The sarbanes-oxley act of 2002 contains some good news for investors. It extends the statute of limitations for securities claims to two years after the discovery of facts constituting the violation and to five years after the violation actually occurred. While time limits have been liberalized, the rules for applying these limits in individual cases remain a developing area of the law.
9 minute read
May 14, 2008 |

Third-Party Managers Can Be Sued Under ERISA for Underpaid Claims

Ruling on a question that has divided trial courts in the Third Circuit, a federal judge in Newark, N.J., held May 13 that companies that manage health insurers' reimbursements can be sued under ERISA for underpaying claims. U.S. District Judge Harold Ackerman ruled that Wayne Surgical Center can pursue a claim that Concentra Preferred Systems Inc. failed to pay required reimbursements for patient treatments.
4 minute read
July 28, 2003 |

Securities Law

The Sarbanes-Oxley Act of 2002 contains some good news for investors, extending the statute of limitations for securities claims. However, while time limits have been liberalized, the rules for applying these limits in individual cases remain a developing area of the law.
8 minute read
November 16, 2005 |

Former Clerks Hold Public Rally to Back Alito

Former clerks of Supreme Court nominee Samuel Alito Jr. recently held an unusual press conference, singing Alito's praises and offering details about how he operates as judge on the 3rd Circuit. Alito hired clerks who were diverse in politics and background, including British research scientist David Loretto. He said that ever since Alito's nomination was announced, friends have told him they had no idea that he clerked for such a conservative judge. His answer: "Nor did I."
4 minute read
October 12, 2004 |

Judge Orders MIIX Insurance Into State Rehab

A Mercer County, N.J., judge has placed the ailing MIIX Insurance Co., one of the largest medical malpractice insurers nationally, into state rehabilitation. Lawyers for the Medical Society of New Jersey say the situation underscores the need for tighter controls on med-mal suits and predict MIIX will end up in liquidation. One attorney notes there could still exist a large number of as yet unasserted claims.
6 minute read
November 17, 2009 |

Insurers Can't Sue Doctors for Fraud Over Referrals to Facilities They Own

In a win for licensed ambulatory surgical centers, a state appeals court on Tuesday affirmed a ruling that health insurance companies cannot sue doctors for fraud when they refer patients to facilities they own.
4 minute read
January 09, 2006 |

Codey Nominates New Judges

Acting Gov. Richard Codey on Thursday made four nominations to the Superior Court, two to the Office of Administrative Law and two to the Workers' Compensation Court.
3 minute read

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