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Former Wal-Mart Vice Chair Admits to Stealing Merchandise From Company
A former Wal-Mart vice chairman who was a protege of founder Sam Walton pleaded guilty to fraud and tax charges Tuesday, admitting that he stole money, gift cards and merchandise from the world's largest retailer. Wal-Mart lawyers referred Tom Coughlin to federal prosecutors after discovering he had embezzled money from the company and used expense vouchers to buy such varied products as snakeskin boots, hunting trips and Bloody Mary mix. They estimated losses at up to $500,000.For Big Business, a High-Stakes Victory
The Florida legislature recently passed laws that make it harder for plaintiffs to prove that they are entitled to punitive damages and cap the amount that can be assessed against a defendant. Plaintiffs lawyers say the bill goes too far and hurts consumers. The next tort reform battleground will probably be the Florida Supreme Court, which trial lawyers hope will agree to determine the constitutionality of the bill's measures.Holder to gov: New Kansas law is unconstitutional
U.S. Attorney General Eric Holder has told Kansas Gov. Sam Brownback that a new state law attempting to block federal regulation of some guns is unconstitutional and that the federal government is willing to go to court over the issue.DOJ report criticizes hiring practices in management division
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The Cruelest Month: July Is the New April
For the thousands of recent law school graduates about to take the bar exam in the hardest job market in decades, the beginning of July takes on a whole new meaning.Black Profs Boycott Thomas Visit to UNC
Tony Maurotmauro@legal times.comAfter more than 10 years on the Supreme Court, Justice Clarence Thomas continues to stir strong emotions almost everywhere he goes.The latest reminder of Thomas' powerful effect came earlier this month during a long-scheduled visit by the justice to the University of North Carolina School of Law at Chapel Hill for a day of discussions and meals with students and faculty.Former associate sues Clifford Chance
A former associate at Clifford Chance has sued the firm for discrimination, claiming the London-based firm targeted women and minorities when it laid off six associates in November 2007.In a complaint filed Thursday in Manhattan Supreme Court, Karen Ramdhanie said that on the eve of the layoffs, two white male associates were transferred out of her group, leaving just black lawyers and women to be laid off.High Court Rules That SEPTA Commercial Leases Are Taxable
The Southeastern Pennsylvania Transportation Authority is not immune from taxation on property it owns and leases to commercial tenants, the Pennsylvania Supreme Court has ruled.That's Not Happening: Cuomo Refuses to Turn Over Transcript to SEC
New York attorney general refuses to give the SEC transcripts of interviews with Bank of America's ex-general counsel Tim Mayopoulos and four others — protesting that disclosure of the material could jeopardize his ongoing probe.Trending Stories
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