Capitol Report
Following is a listing of executive and legislative action from the week of Sept. 4. Both chambers of the General Assembly stood in recess at press time, subject to the call of their leadership.
September 07, 2017 at 04:57 PM
10 minute read
Following is a listing of executive and legislative action from the week of Sept. 4. Both chambers of the General Assembly stood in recess at press time, subject to the call of their leadership.
'Taxpayers' Budget'
A group of Republican members of the state House of Representatives on Sept. 5 presented an alternative to the funding measure passed by the state Senate in June, which they are calling the “Taxpayers' Budget.” The group of 16 GOP state representatives said their proposal would fund the fiscal year 2017-18 budget without the need to borrow money or increase taxes. They have criticized the Senate plan as an unacceptable tax hike. In a statement carried on the House Republican caucus website, the working group said the “outcome of our work is a plan that would fund the budget while protecting taxpayers. This plan does not include borrowing money, nor would it raise taxes on natural gas, electric and telephone bills, which would hurt every taxpayer in the state.” They said more than 200 state accounts with high balances have been untapped in recent years and could be drawn down to fill some of the gaps in funding.
State Rep. Frank Dermody, D-Allegheny, took a shot at the Taxpayers' Budget, stressing that the $32 billion 2017-18 budget was passed on a bipartisan vote in the House and should be properly funded and not rely on what he termed “gimmicks.” Specifically Dermody questioned the legality tapping of restricted funds as proposed by the working group, and said that the dollar values may not support the spending plan.
“House Democrats believe that an honest budget solution must include the use of recurring revenue sources such as a severance tax on gas drillers and a higher minimum wage for Pennsylvania's workers, among other steps,” Dermody said in a press statement. “We are committed to working in a bipartisan way with Republicans to do the job that must be finished.”
Opioid Crisis
Drug companies Cardinal Health and AmerisourceBergen must act to address the heroin and opioid epidemic or face potential financial consequences in their stock prices, state treasurers from Pennsylvania, California, Illinois, and West Virginia and California said last week.
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Who Got The Work
J. Brugh Lower of Gibbons has entered an appearance for industrial equipment supplier Devco Corporation in a pending trademark infringement lawsuit. The suit, accusing the defendant of selling knock-off Graco products, was filed Dec. 18 in New Jersey District Court by Rivkin Radler on behalf of Graco Inc. and Graco Minnesota. The case, assigned to U.S. District Judge Zahid N. Quraishi, is 3:24-cv-11294, Graco Inc. et al v. Devco Corporation.
Who Got The Work
Rebecca Maller-Stein and Kent A. Yalowitz of Arnold & Porter Kaye Scholer have entered their appearances for Hanaco Venture Capital and its executives, Lior Prosor and David Frankel, in a pending securities lawsuit. The action, filed on Dec. 24 in New York Southern District Court by Zell, Aron & Co. on behalf of Goldeneye Advisors, accuses the defendants of negligently and fraudulently managing the plaintiff's $1 million investment. The case, assigned to U.S. District Judge Vernon S. Broderick, is 1:24-cv-09918, Goldeneye Advisors, LLC v. Hanaco Venture Capital, Ltd. et al.
Who Got The Work
Attorneys from A&O Shearman has stepped in as defense counsel for Toronto-Dominion Bank and other defendants in a pending securities class action. The suit, filed Dec. 11 in New York Southern District Court by Bleichmar Fonti & Auld, accuses the defendants of concealing the bank's 'pervasive' deficiencies in regards to its compliance with the Bank Secrecy Act and the quality of its anti-money laundering controls. The case, assigned to U.S. District Judge Arun Subramanian, is 1:24-cv-09445, Gonzalez v. The Toronto-Dominion Bank et al.
Who Got The Work
Crown Castle International, a Pennsylvania company providing shared communications infrastructure, has turned to Luke D. Wolf of Gordon Rees Scully Mansukhani to fend off a pending breach-of-contract lawsuit. The court action, filed Nov. 25 in Michigan Eastern District Court by Hooper Hathaway PC on behalf of The Town Residences LLC, accuses Crown Castle of failing to transfer approximately $30,000 in utility payments from T-Mobile in breach of a roof-top lease and assignment agreement. The case, assigned to U.S. District Judge Susan K. Declercq, is 2:24-cv-13131, The Town Residences LLC v. T-Mobile US, Inc. et al.
Who Got The Work
Wilfred P. Coronato and Daniel M. Schwartz of McCarter & English have stepped in as defense counsel to Electrolux Home Products Inc. in a pending product liability lawsuit. The court action, filed Nov. 26 in New York Eastern District Court by Poulos Lopiccolo PC and Nagel Rice LLP on behalf of David Stern, alleges that the defendant's refrigerators’ drawers and shelving repeatedly break and fall apart within months after purchase. The case, assigned to U.S. District Judge Joan M. Azrack, is 2:24-cv-08204, Stern v. Electrolux Home Products, Inc.
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