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Court Permits Claim Against NYSE, Archipelago Over Merger
Three former New York Stock Exchange seat holders who claim their rights were violated in the merger between the NYSE and Archipelago Holdings may proceed with a portion of their suit against the exchange and its chief executive officer. Finding that the NYSE and CEO John Thain might have made "incomplete or otherwise misleading" statements, New York state Supreme Court Justice Charles E. Ramos denied the defendants' request to dismiss the entire case.Chicago luxury homes rebound as foreclosures plague south side
Belgravia Group Ltd., which started construction about a month ago on a Chicago row-house development, is charging almost $1 million for each of the 14 Lincoln Park homes as buyer demand surges in the neighborhood.Controversy Over Political Activities of Welfare Organizations
In the wake of the U.S. Supreme Court's landmark decision in Citizens United v. Federal Election Commission , which permits corporations to spend unlimited funds on the production and distribution of political advertisements for (or against) candidates running for public office, the Internal Revenue Service has seen a dramatic rise in the formation of nonprofit organizations that engage in political activities. However, many of these newly formed nonprofit organizations are not electing to be tax-exempt under Section 527 of the Internal Revenue Code of 1986 as amended — the section specifically intended for political organizations.Questions Remain After Decision on Blood Draws in DWI Arrests
A recent decision by Fort Worth's 2nd Court of Appeals puts up a roadblock to a trend developing in law enforcement: police officers who draw blood from DWI suspects. The Nov. 5 decision came in Texas v. Christi Lynn Johnston. Tanya Dohoney (pictured), Tarrant County assistant district attorney, represents the state in the case.View more book results for the query "*"
Del Pozzo Pulls Out of DA's Race
The Superior Court judge quits the Santa Clara district attorney's race to return to the bench, saying his 8-year-old daughter "is not on board with this campaign."New York lawyers told to think globally, but be wary
Law firms were urged Wednesday to explore opportunities the global economy is creating for the legal profession, but to be wary that sending legal services offshore can cost more money in different ways. "Whether you think it's a good thing or a bad thing, it's here," said Penn State professor Laurel S. Terry. Panels at the New York State Bar Association's annual meeting this week analyzed international strategies for law firms, from opening offices overseas, to outsourcing legal work to cheaper countries.Records Retention Schedules — Directive #01-12
Notice to the bar.Practice Tip: Recovering Under the Theory of Failure to Issue Post-Sale Warnings
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