Published News » Economy
5 Votes
SEC vs. the media, round two
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The Securities and Exchange Commission was not seeking a blanket exemption from public information laws, when it asked Congress to include a little known provision in the Wall Street reform law, the agency said in a letter to lawmakers Friday.
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17 Votes
Stocks slump as economic growth slows
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Stocks opened sharply lower Friday after government data showed U.S. economic growth was weaker than expected in the second quarter, adding to concerns that the recovery is waning.
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19 Votes
In Wake of 'Heller,' 3rd Circuit OKs Ban on Unnumbered Guns
http://www.law.com —
In an important Second Amendment decision that charts a course for evaluating the validity of gun laws now that the Supreme Court has declared the right to be an individual one, the 3rd Circuit has refused to strike down a federal law that bans possession of guns with obliterated serial numbers. Perhaps the most important lesson to be gleaned from the 3rd Circuit opinion is that courts faced with unanswered questions in the Second Amendment arena should look to the extensive jurisprudence on First Amendment claims for guidance.
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19 Votes
Former Morgan Crucible CEO Found Guilty of Conspiracy to Obstruct Justice
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Federal prosecutors are hailing the conviction of a former Britishexecutive as a signal to corporate leaders to shape up. A federal juryin Philadelphia on Tuesday convicted Ian Norris, the former CEO of TheMorgan Crucible Co., of conspiring with others to obstruct justice in afederal investigation of price fixing in the carbon products industry.Norris faces a maximum penalty of five years in prison and a $250,000fine. Norris battled against extradition to the U.S. for nearly sixyears.
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8 Votes
Gulf Coast Residents File Personal Injury Suit Over Oil Dispersant
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The first personal injury lawsuit involving the chemical dispersant Corexit 9500 has surfaced in Alabama federal court, where two Gulf Coast residents and property owners claim BP has dumped millions of gallons of toxic chemicals into the Gulf of Mexico to disperse and sink crude oil. The plaintiffs allege one method of applying Corexit 9500 -- spraying it from airplanes in the middle of the night -- has caused Gulf Coast residents to suffer breathing and gastrointestinal problems, as well as property damage.
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16 Votes
9/11 Trauma Influenced Lawyer's Misconduct, Court Finds
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A New York appellate court has overturned a finding that a personal injury lawyer had misappropriated client funds with dishonest or fraudulent intent, citing post-9/11 trauma the attorney blamed for his conduct. The panel approved a one-year suspension for Frederick W. Salo, but dismissed a charge that he had engaged in dishonest or fraudulent conduct, crediting psychologists' opinions that he inadvertently tapped the funds as a result of post-traumatic stress disorder he suffered following the terror attacks.
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