More Legal Costs Confronts Bank of America
03/11/2011 The liability of Bank of America which was brought about by the mortgages which originated from Countrywide Financial remains undetermined and could continue to increase for years to come. This was revealed by industry analysts. According to Christopher Mutascio, a Stifel Nicolaus analyst, “The legal troubles for Countrywide are not going to end anytime […]
$10 Billion Tobacco Judgment Overturned by Illinois Supreme Court
03/11/2011 In what can be considered as a big victory for America’s tobacco industry, and a defeat for the plaintiffs of Madison County, the Supreme Court of Illinois on Thursday reversed a $10.1 billion ruling against Phillip Morris USA. The Illinois Supreme Court stated in its ruling that the marketing and selling of “light” cigarettes […]
Son-In-Law of Mike Madigan hired by RTA for Top Lobbying Job
03/11/2011 The son-in-law of Illinois House of Representatives Speaker Michael Madigan, has netted a $130,000-a-year job as the main lobbyist for a transit agency, the Regional Transportation Authority. Jordan Matyas was appointed as the deputy executive director of RTA and will supervise the government affairs section of the agency starting March 1. Joe Costello, the […]
Collaborative Report on Orderly Debt Restructurings Issued by Microfinance Industry
03/11/2011 A report on the guidelines and best practices for handling debt defaults by microfinance institutions (MFIs) was issued today by the International Association of Microfinance Investors (IAMFI). In the past, a number of factors, like increased capital flows, record growth by MFIs, as well as the global financial crisis, led to an increase in […]
Captive Insurance Law Creates a New Industry in New Jersey
03/11/2011 A legislation that creates a new industry in New Jersey is signed into law by Governor Christie. New Jersey, as of today, just like many other domestic and international locations, is a captive insurance domicile. The law will enable the state of New Jersey to license, as well as regulate captive insurance companies. These […]
Music Industry Again Challenged by Michael Roberstson
03/11/2011 If there is someone that the music business can consider its long time instigator, that would be Michael Robertson. Founder of MP3.com, Robertson’s company was sued by music labels ten years ago over a feature that allowed users to download a digital copy of any song they proved they owned on CD. Subsequently, lawsuits […]
Civil Unions in Hawaii to be legitimized
03/11/2011 The legislative measure legalizing the civil union of same-sex and heterosexual couples is expected to be signed into law today by Hawaii Governor Neil Abercrombie. However, Senate Bill 232 is now creating factions within the visitor industry and the business community in the state of Hawaii concerning how to best gain economic benefits from […]
A Large Audience Attends Hearing on Immigration Law
03/11/2011 The Meeting Room A of Georgia Mountains Center was packed by an overflowing crowd Tuesday night for the state legislative hearing on immigration. The crowd was so huge that employees of the Mountains Center had to remove partitions to allow more seating areas. Sen. Curt Thompson, the Chairman of the Senate Special Committee on […]
Limitations on Legal Advertising Beaten Back by Newspaper Industry
03/11/2011 Two legislative proposals in the state of Virginia seeking to reduce or eliminate the quantity of legal advertising required of local and state governments were beaten back by the Virginia Press Association. This outcome developed despite the efforts exerted by localities to loosen the grip that newspapers presently have on legal notices. The Committee […]
Brothel Industry Fears Harry Reid Will Call for an End to Legal Prostitution
03/11/2011 In order to rebuff Republicans who blame him for the dismal economy of the state, Senate Majority Leader Harry Reid might fault the brothels as the ones responsible for the high unemployment rate. This is why the industry is preparing to fill the Legislature with its professional women on fears that Reid will call […]