Recent Updates
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Equifax goes to US Supreme Court with tax appeal
Tax Law 05/24/2014Credit bureau Equifax Inc. is asking the U.S. Supreme Court to hear appeal from an adverse tax ruling in Mississippi. The appeal is a reaction to a 2013 Mississippi Supreme Court decision that Equifax had to prove that it didn't earn any taxable inco...
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Court to hear dispute over state tax collection
Tax Law 05/24/2014The Supreme Court on Tuesday agreed to consider a dispute over how a state may tax the income that its residents earn in another state. In a case that could affect how taxes are collected in every state, the justices will hear an appeal from Maryland...
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Bankrupt Stockton defends financial plan in court
Bankruptcy Law 05/23/2014The largest city in California to file for bankruptcy protection is asking a judge Monday to approve its plan for reorganizing more than $900 million in long-term debt to rescue the city from two years of financial uncertainty. Standing in Stockton's...
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Court weighs securities fraud class-action cases
Corporate Law 04/24/2014The Supreme Court is considering whether to abandon a quarter-century of precedent and make it tougher for investors to band together to sue corporations for securities fraud. The justices hear arguments Wednesday in an appeal by Halliburton Co. that...
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Man to plead guilty in Disney insider info case
Corporate Law 04/24/2014A man will plead guilty to securities fraud and pay regulators around $801,000 for using insider information to profit from Disney's $4 billion acquisition of Marvel Entertainment in 2009. According to the deal filed in Los Angeles federal court Wedn...
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Tokyo court starts Mt. Gox bankruptcy proceedings
Bankruptcy Law 04/23/2014Bankruptcy proceedings have begun for Mt. Gox, a move that was widely expected after the Tokyo District Court decided earlier this month that the bitcoin exchange would not be able to resurrect itself. An administrator will try to sell the company's ...
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Detroit bankruptcy judge opens court to critics
Bankruptcy Law 04/23/2014A judge overseeing Detroit's bankruptcy is getting an earful from retirees who are opposed to the city's plan to get back on its feet. Judge Steven Rhodes is giving dozens of people five minutes each to air their objections Tuesday. He held a similar...
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Court sides with S. Ind. city in man's injury suit
Personal Injury 04/23/2014The Indiana Court of Appeals has upheld a lower court's ruling that the Ohio River city of Madison is not liable for injuries a man suffered when he tripped on a sewer grate. Brad Haskin suffered a ruptured Achilles tendon in July 2008 when he trippe...
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GM to ask bankruptcy court for lawsuit protection
Bankruptcy Law 04/09/2014General Motors revealed in court filings late Tuesday that it will soon ask a federal bankruptcy judge to shield the company from legal claims for conduct that occurred before its 2009 bankruptcy. The automaker's strategy is in a motion filed in a Co...
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Kris Humphries' lawyer wants out of divorce case
Family Law 02/23/2014A lawyer for Kim Kardashian's estranged husband wants to end his involvement in the former couple's divorce proceedings. Marshall Waller says irreconcilable differences have arisen between him and Kris Humphries, and he should be allowed to leave the...
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Oklahoma Supreme Court Shoots Down Income Tax Cut
Tax Law 01/24/2014The Oklahoma Supreme Court has ruled that a bill passed last session to cut the state's personal income tax and provide $120 million for repairs to the Capitol is unconstitutional. In a unanimous decision released Tuesday, the court ruled the bill vi...
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Court Won't Hear Appeal Of New York Internet Taxation
Tax Law 01/24/2014The Supreme Court on Monday refused to consider throwing out New York state's taxes on Internet purchases on websites like Amazon.com, a move that could change the way Internet commerce works. The high court refused without comment to hear appeals fr...