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The Seventh Circuit recently affirmed a lower district court’s decision to slap a defending company with liability arising out of a fraudulent transfer to insiders. A creditor, the Continental Casualty Company, who was owed a substantial sum of money in its accounts receivable sued a debtor, IGF Insurance, for siphoning off funds to friends and […]

Law students know the refrain all too well: you can’t discharge your law school loans. But a recent ruling out of New York Bankruptcy court suggests that at least some bar related debts might be discharged successfully in a Chapter 7. Is that a ray of light on on the horizon? Actually, now that we […]

A California attorney Marilyn Sue Scheer doesn’t give up easily. When a dispute with a client led to discipline from the California State Bar, Scheer refused to comply. When her refusal led to suspension, Scheer sued. When the California Supreme Court ruled against her, Scheer moved the fight over to the federal courts. And it […]

It’s the biggest legal data breach ever. With over 11 million previously confidential files released to the public, the so-called “Panama Papers” have led to accusations of corruption, cronyism, and tax evasion, implicating everyone from Vladimir Putin and Jackie Chan, to the (now former) Prime Minister of Iceland. At the center of the scandal is one law […]Read More

A convicted sex offender who fled the country without notifying authorities did not violate the Sex Offender Registration and Notification Act, a unanimous Supreme Court ruled yesterday. Lester Ray Nichols had been on the sex offender registry in Kansas for a year when he up and moved to the Philippines. And that was just fine, […]

Wage and hour class actions are about as appealing as a bland, chain restaurant burger. And Ruby Tuesday just got served with an extra helping of hard to swallow litigation, now that a class action lawsuit has been filed on behalf of every single tipped worker who worked at Ruby Tuesday locations in the last […]

California’s highest court jumped into a surprisingly controversial area of the law yesterday: seating. The California Supreme Court provided guidance to the Ninth Circuit on Monday in a case brought by retail and banking employees trying to sue their bosses over lack of adequate seating — and trying to form a class action to do […]

Former Governor Olusegun Osoba on Tuesday said the public misconstrued what happened at his Bourdilon home, Ikoyi – Lagos, last Sunday when the leaders of the All Progressives Congress (APC) in the Southwest met. In attendance at the meeting were the National Leader of the APC, Asiwaju Bola Ahmed Tinubu; Governor of Oyo State, Senator […]

The Kaduna State police command has declared a state of emergency to stem rising cases of kidnapping in the state.  Zubairu Abubakar, the command’s spokesman, disclosed this in an interview with journalist saying that a special team of anti kidnap squad has been formed to track and dislodge criminal gangs. He said the declaration of […]

Less than a month ago when we looked at the performance of the most-shorted stocks, we confirmed that at least from a price action standpoint the short squeeze that had started in early February on the back of the 50% move higher in oil, had become the biggest short squeeze on record. Today, courtesy of […]

While breadth and seasonals are constructive, BofA’s Stephen Suttmeier warns complacent put/call, VXV/VIX, and volume distribution are April risk factors. Since mid-March, accumulation (up volume or buying) has fallen relative to distribution (down volume or selling) as the US equity market has rallied, which is negative divergence and risk factor for April. To suggest that […]

Preface 1: I’m for consistency … either NONE of us has to pay taxes, or we ALL do. I’m not for the fatcats getting to hide their money in tax havens, while I and the other “little guys” have to disclose all of our assets. Preface 2: One of the reasons that voters like Sanders […]Read More