Legal Research

Selections from National Law Journal Daily Headlines July 2, 2008

By David Badertscher, PLL

Source: NLJ.com, July 2, 2008

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WEB-ONLY  |  Company may move ahead with alleged fraud case against Foley partner, judge rules
"Reversing a lower court ruling, the U.S. Court of Appeals for the District of Columbia ruled that a media company can move ahead with an alleged fraud case against Foley & Lardner partner Stephen Burr that claims he kept quiet about a threatened lawsuit against his corporate client to avoid a decrease in its sales price."

FROM THE UPCOMING ISSUE  |  IRS clarifies rule for tax payments on law school loans that are forgiven
"Law schools that were concerned their students might have to pay taxes on loans that are forgiven got some reassurance from the Internal Revenue Service last month that students don't have to claim the erased loans as income. The IRS clarified that a law school graduate can work for a public interest or community service organization, a legal aid office or clinic, a prosecutor's office, a public defender's office or another local, state or federal government office and qualify for avoiding taxes on the loan write-off."

WEB-ONLY  |  One attorney acquitted in ongoing, high-profile fen-phen fraud trial
"Kentucky attorney Melbourne Mills Jr. is off the hook for federal criminal charges that he defrauded clients and stole millions of dollars in settlement funds directed to clients who sued over injuries from the diet drug fen-phen. Mills' lawyer argued that his client didn't participate in the final settlement discussions and wouldn't have been included in any conspiracy because of an alcohol problem."

Full post as published by New York Supreme Court Criminal Term Library on July 03, 2008 (boomark / email).