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Mitchell S. Lustig and Jill Lakin Schatz, New York attorneys, write that the Motor Vehicle Financial Security Act, adopted in 1956, provided for compulsory insurance of all motorists and required proof of insurance to register a motor vehicle in New York State. Although compulsory insurance provided protection to most victims injured in automobile accidents, it failed to provide protection to all victims. The problem of the uninsured motorist went unaddressed by the compulsory insurance act.Defense, Prosecution Offer Arguments as Gupta Trial Begins
Rajat Gupta never made a dime from allegedly feeding Galleon Group hedge fund leader Raj Rajaratnam inside information he learned in his positions as a board member at Goldman Sachs and Procter & Gamble, his lawyer told a Southern District jury yesterday. But Assistant U.S. Attorney Reed Brodsky promised the jury it would hear the evidence needed to convict.'Misunderstanding' Blamed in Firm's DOMA Withdrawal
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