The $35 million TCW-Gundlach Trial a ‘Grudge Match’
10/20/2011 Lawyers are the only definite winners in the legal row between Jeffrey Gundlach and TCW, expert witnesses, as well as public relations companies that have been dragged into the most expensive courtroom skirmish in money management industry’s history. According to those who are familiar with the case, total costs could potentially top $35 million, […]
Last Bank Shuts Its Doors On Pot Dispensaries In Colorado
10/19/2011 At a medical-marijuana dispensary in Colorado Springs, there is still the usual collection of marijuana and cannabis-infused sweets However, beginning today, the owner will also need to have a bigger safe on the premises. On Friday, Colorado Springs State Bank, which is the last bank in Colorado to provide services with the medical-marijuana […]
Alabama Schools Lose Hispanic Students
10/19/2011 Hispanic students begin to leave Alabama public schools in the wake of a court decision upholding the tough new state law that cracks down on illegal immigration. According to education officials, scores of immigrant families withdrew their children from classes or have decided to keep them at home this week. They are worried […]
Hot Sales of Air Conditioning Units Driven by Legal Loophole
10/18/2011 A chilly battle has broken out in the air-conditioning market in the United States as manufacturers attempt to meet head-on the unwillingness of consumers to pay up for equipment that do not have an ozone-depleting refrigerant. A legal loophole allows companies to continue producing air conditioning units containing a refrigerant that was banned […]
Challenges in the Investigation of Rating Agencies Admitted by the SEC
10/18/2011 The United States Securities and Exchange Commission is faced with a lot of obstacles in their quest to show proof of any wrongdoing committed by rating agencies. This was revealed by the enforcement chief of the agency, who also pointed to the complexity of the cases as well as the strong legal defenses […]
Judge Upholds Some Sections of Immigration Law
10/17/2011 A group of farmers that have gathered Wednesday at the Gold Ridge Farm of Keith Smith spent a good portion of the afternoon answering queries and discussing what they learned from the ruling made a judge on the immigration law in Alabama. Smith, a poultry and sweet potato farmer, said, “It’s far from […]
Post Dodd-Frank, Bankers Continue To Prevail In Preemption Fight
10/17/2011 State regulators and the Treasury Department insist that the enactment of the Dodd-Frank Act effectively obliges national banks to comply with more state consumer protection measures. However, courts are not supporting these claims. Last week, a federal judge in the state of Iowa ruled that the Dodd-Frank law did not materially alter the […]
South Carolina Lottery Legality in Question
10/16/2011 Retailers in South Carolina who offer electronic sweepstakes to their customers are starting to feel jittery. This is revealed by a member of the S.C. Education Lottery Oversight Committee, a panel that is composed of state lawmakers and members of the public. Alexander Shadwick, a member of the committee, after Tuesday’s meeting said, […]
Oil Industry Considers Filing a Lawsuit against State Regulators
10/16/2011 Representatives of the petroleum industry met in Bakersfield Tuesday to discuss when, and not if, they should file a lawsuit against state regulators over what oil producers perceive as unnecessary delays in their review of oilfield injection projects in Sacramento. Blair Knox, the chairman of the California Oil & Gas Work Group and […]
Obama Administration Will Not Seek Further Appeals Review on Health Law Ruling
10/15/2011 The Obama administration has decided that it will not anymore ask a federal appeals court in Atlanta for a further review of a ruling that rejected the centerpiece of the present administration’s sweeping health care overhaul. This decision opens the possibility of the U.S. Supreme Court hearing a case on the health-care legislation […]