Latest Law News
'Too-vital-to-fail' banks pose threat
Add to the mix the banks' pivotal role in the global financial crash, and it is unsurprising that bankers are today less popular than second-hand car dealers and journalists. Nationalisation of the banks' losses has left most British households facing
Updated: 04/12/2011 04:04P
Fukushima is no Chernobyl: Russian nuclear expert
It looks like the IAEA will rate this accident as a 6 as well. It's dangerous in any case – but there's no need to frighten the population. We know the level of contamination of the ground, but at Fukushima it's made worse by the fact that the Japanese
Updated: 04/12/2011 04:04P
US Court Raises Knotts Bond To $1 Million
The bond amount for an American teacher who is being charged with ten counts of sexual abuse involving a child younger than 12 was raised to $1 million after the American prosecutor said he feels “he is a flight risk” as he was a “fugitive from justice
Updated: 04/12/2011 04:03P
Japan's Nikkei Extends Losses after Nuclear Disaster Raised to Highest Level
Japan's Nikkei average closes down after the country raises the nuclear disaster to the highest level, bringing on par with the Chernobyl accident 25 years ago. Japan's benchmark Nikkei average closed down 1.69 percent at 9555.26, while the broader
Updated: 04/12/2011 04:03P
New York Department Answers Regulation 194 Questions
New York department officials say in the new batch of Regulation 194 guidance that the regulation does apply to sales of life insurance, annuities, accident and health insurance, and state-mandated disability contracts as well as to sales of
Updated: 04/12/2011 04:03P
Lawyers for jailed blogger seek pardon from Egypt's military rulers
"This is a cruel verdict, and we will present a pardon request in part because [the verdict] threatens the freedom to have an opinion." A military spokesman, Gen Ismail Etman, defended the verdict in a television appearance on Monday night,
Updated: 04/12/2011 04:03P
Discharge of Indebtedness Rules Clarified for Grantor Trusts and Disregarded
IRC §§ 108(a)(1)(A) and (B) exclude discharged debt from a taxpayer's income if the discharge occurred in a bankruptcy case or to the extent the taxpayer is insolvent when the discharge occurs. The proposed regulations provide that, in cases involving
Updated: 04/12/2011 04:03P
Ohio State To Pay $1 Million To Family Of Freshman Crushed By Elevator
The lawsuit that was filed by Polakowski's parents alleged that the university was negligent. Twenty-three other passengers were on the elevator at the time of the incident. None of those passengers were injured. "We are pleased to have reached a
Updated: 04/12/2011 04:03P
Dodgers owner faults law firm's work
Frank McCourt said Tuesday that his client is disappointed about that a Boston law firm "is unwilling to accept responsibility" for a marital property agreement draft that was invalidated during the Los Angeles Dodgers owner's divorce proceedings.
Updated: 04/12/2011 04:02P
Is Ruto heading back to Cabinet?
The court trying Ruto, former President Moi's private secretary Joshua Kulei, and Baringo Central MP Sammy Mwaita returned the verdict they had no case to answer. Apart from giving Ruto, who returned from the discomforting International Criminal Court
Updated: 04/12/2011 04:02P
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