Modifications might help some, but too expensive for some others As part of his plan aimed at preventing home foreclosures, President Barack Obama last week announced his support for legislation that would allow for bankruptcy judges to modify home-mortgages, hopefully ...
Read More »Wal-Mart wage suit reaches $90 million settlement
At least half will go to Missouri plaintiffs After nearly eight years of legal wrangling, Wal-Mart and attorneys for a class action wage lawsuit in Missouri have reached a $90 million settlement. Under the terms of the preliminarily approved agreement, ...
Read More »12 years time served denied in fatal DUI
Michael Teer was almost a free man. Last month, a deeply divided Missouri Supreme Court ordered that he be sentenced to four years in the county jail for a 1994 drunken driving accident that killed four people and injured another. ...
Read More »Napier: Cabin fever hits hardest in February
The subtle monotony of February and wintertime is starting to get on everyone’s nerves. It’s very different from the smiling faces you see those first few brisk days or snowy mornings at the end of fall while you walk a ...
Read More »Woolner: For Stanford, a rich guy’s guide to fleeing the U.S.
For financier con man Robert Vesco, Central America and the Caribbean beckoned when he was charged in the United States with a $224 million mutual fund fraud. Movie director Roman Polanski made do with Paris as his home 30 years ...
Read More »Geithner fails first test, managing expectations
Treasury Secretary Timothy Geithner got in trouble last week not because details of his financial stability plan weren’t ready. It was because he and other Obama administration officials had led everyone to believe they were. That violated a guiding principle ...
Read More »Madoff victims face grim prospects in court
The securities laws may be your worst enemy if you lost money in the Madoff scam. Investors are suing the feeder funds that channeled their money to Bernard Madoff, charging the feeders with fraud, negligence or breach of fiduciary duty. ...
Read More »Homeowners will lose up to $10 trillion, Talbott says
John R. Talbott, a former Goldman Sachs banker, calls himself both an optimist and a realist. When it comes to U.S. housing, the realist has the upper hand. His new book, “Contagion,” predicts that prices are only halfway through a ...
Read More »Obama pledges $275 billion to stem foreclosures
U.S. President Barack Obama pledged $275 billion to a program that includes cutting mortgage payments for as many as 9 million struggling homeowners and expanding the role of Fannie Mae and Freddie Mac in curbing foreclosures. The plan will help ...
Read More »Automakers dismiss bankruptcy; U.S. won’t totally rule it out
General Motors Corp. and Chrysler LLC, seeking up to $21.6 billion in additional federal aid to survive, said bankruptcy may cost the U.S. five times as much. The two automakers, in their most detailed exploration of bankruptcy, said it could ...
Read More »8th U.S. Circuit Court of Appeals
Civil practice Timeliness; equitable tolling 07-3548 Firstcom Inc., a Minnesota Corporation, Appellant, v. Qwest Corp., a Colorado Corporation, Appellee Appeal From: U.S. District Court for the District of Minnesota Submitted: June 9, 2008 Filed: Feb. 9, 2009 Before: Judges Murphy, ...
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