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FINRA fines Citigroup $600K over tax trading plans
WASHINGTON AP - Citigroup Inc. has agreed to pay a $600,000 fine and be censured to settle regulators' charges that it failed to supervise complex stock-trading strategies aimed at reducing the bank's potential tax bill.The Financial Industry Regulatory Authority, the brokerage industry's self-policing organization, on Monday announced the civil fine against the bank's division Citigroup Global Markets Inc.Life's been mostly good for generic drug manufacturers ever since Pliva v. Mensing, the U.S. Supreme Court's 2011 ruling that state law failure-to-warn claims against generics are preempted by federal labeling requirements. Mensing, however, didn't touch on state design defect laws, and now at least two courts have ruled that those design defect claims are not preempted.
Drug Tests Admissible Even If Chain of Custody Questioned
Interpreting a 2002 amendment to the Unemployment Compensation Law, the Commonwealth Court has ruled that drug test results whose chain of custody is challenged after they have been admitted into evidence should still be given probative value ...View more book results for the query "*"
CertainTeed Corp. v. Nichiha USA, Inc.
Dismissal of the instant case filed in the Eastern District of Pennsylvania was not warranted under the "first-filed" rule where the Pennsylvania case was not materially "on all fours" with the first-filed case in Georgia. Motions to dismiss, stay or transfer denied.Securities and Exchange Commission v. Johnson
Alternative Calculations Not Suitable Ground To Reconsider Disgorgement for Securities FraudITT Hartford Loses Bad-Faith Claim
In 1993, Lee L. Gibson was a prep cook at The Garden Cafe in Council Bluffs, Iowa, when he slipped and fell. Insurer ITT Hartford Insurance Co. determined that Gibson had sustained a workplace injury, making him eligible for benefits. In August 1994, ITT Hartford ended Gibson's benefits and denied that a work-related injury had ever occurred. Gibson sued, charging bad faith, and was awarded $20 million.DA Disbarment Doesn't Help the Victims
Those who suffered as a result of the unethical conduct likely have no recourse, explains attorney James Ching.Trending Stories
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