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UBS writes down $10B from subprime losses
ZURICH, Switzerland AP - UBS AG will write off a further $10 billion in losses from the U.S. subprime lending market, the Swiss bank said Monday, and raise billions in capital through share sales to Singapore and an unidentified investor in the Middle East.UBS said it will post a loss for the fourth quarter and may now record a loss for the full year as well.Another Auction Rate Securities Suit Tumbles, This Time Against BofA
Say It Ain't So: Al and Tipper Separate
Former Vice President Al Gore and his wife, Tipper, are separating after 40 years of marriage that included a White House run when their sunny relationship offered a counterpoint to President Bill Clinton's philandering.
Merck Shareholders' Vioxx Suits Tossed Due to Lapse in Protocol
Still smarting from a $13.5 million New Jersey verdict over its painkiller Vioxx � and a judge's referral of the case to state prosecutors for possible criminal action � Merck & Co. got some welcome good news from a federal court. U.S. District Judge Stanley Chesler in Newark dismissed shareholder derivative suits against the company, finding the plaintiffs failed to comply with a federal court rule requiring shareholders to demand, prior to filing suit, that the board of directors take corrective action.The 'Jackass' Syndrome: Are Televised Warnings Enough?
After watching an episode of MTV's "Jackass" in which the lead character had others set him on fire, 13-year-old Jason Lind and his friend tried to re-create the stunt. The Connecticut boy suffered third-degree burns over his hands and legs. Were MTV's warnings during the broadcast enough to defeat a tort claim against the network? How big a role do First Amendment freedoms play in such a case?
Law Journal Press | Digital Book
Pennsylvania Causes of Action, 12th Edition
Authors: GAETAN J. ALFANO, RONALD J. SHAFFER, JOSHUA C. COHAN
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Loophole lets mentally ill Texas juveniles go free
TYLER, Texas AP - A 16-year-old former juvenile detainee is accused of stabbing a high school teacher to death with a butcher knife. Another teen was convicted of killing a roofer during a 30-minute robbery spree.Both were released by the Texas Youth Commission because the agency wasn't equipped to treat their mental illnesses and had to let them go under the law.Excerpts From DOJ Report and FBI Statements
A Justice Department report and Federal Bureau of Investigation documents unsealed late last month provide an inside view of the Newton Street case.
Allegation Ex-Governor's Policy Hid Inmate's Hepatitis Proceeds
Prison officials and the State of New York are immune from a suit claiming an inmate was not informed he had contracted hepatitis while incarcerated and then unknowingly transmitted it to a girlfriend after he was released, a federal judge has ruled.
Town Buffer Zones for Sex Offenders Found Pre-empted by Megan's Law
In the first New Jersey case to address the issue, a judge has struck down an ordinance - similar to laws recently enacted in more than 40 towns - that bars convicted sex offenders from living near schools, playgrounds and other protected facilities.Trending Stories
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