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Court stays ruling U.S. calls harmful to national security
A federal appeals court has stepped in to allow enforcement of a law permitting the indefinite detention of people who "substantially support" terrorist groups.Closing Time: Fletcher to Retire, Hunt to Scale Back
Jonathan [email protected] would-be judges: Touch up your rsums and check your political connections. Two plum bench seats-one on the Georgia Supreme Court and the other on the U.S. District Court-are set to open up next summer.Supreme Court Chief Justice Norman S. Fletcher, 70, told the Daily Report he plans to retire in June when his term as chief ends.Informant's Tale of Bomb Plot a 'Work of Fiction,' Defense Insists
Reporting of Foreign Assets and Accounts
In his Tax Tips column, Sidney Kess, a CPA and of counsel at Kostelanetz & Fink, writes that federal law requires U.S. persons to report certain foreign assets and financial accounts each year. The reporting rules are confusing because reporting is required both to the Treasury and to the IRS, but the rules for reporting to these parties differ considerably.Accommodating Struggling Borrowers: No Good Deed Goes Unpunished
Howard E. Cotton and Michael S. Gordon, partners at Katten Muchin Rosenman, write that in the current economic climate, lenders continue to face the Hobson's Choice of how to respond to once-reliable borrowers who are now showing signs of distress. If a lender opts to accommodate a delinquent borrower rather than pursuing foreclosure, deferring acceleration or other enforcement rights upon the occurrence of an "event of default," under recent case law, that lender might be deemed to have modified or waived certain rights under the original loan documents at issue, even if these underlying documents contain "no waiver" or "no oral modification" provisions.Social Security Cannot Be Held Over Warrants, Circuit Rules
NLRB Nominees Get Mixed Senate Reception
All five nominees to the National Labor Relations Board appeared Thursday before a sharply divided U.S. Senate committee. Democrats urged their speedy confirmation while Republicans called the board biased and called upon two nominees serving under recess appointments to resign.Trending Stories
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