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Small business retirement plans fuel litigation
Small businesses facing audits and potentially huge tax penalties over certain types of retirement plans are filing lawsuits against those who marketed, designed and sold the plans. The 412(i) and 419(e) plans were marketed in the past several years as a way for small business owners to set up retirement or welfare benefits plans while leveraging huge tax savings, but the IRS put them on a list of abusive tax shelters and has more recently focused audits on them.
Pilots’ union settles united fliers’ suit for $44M
The Air Line Pilots Association International agreed to pay $44 million to settle a lawsuit filed by a group of United Airlines pilots claiming the organization didn’t adequately represent their interests while the carrier’s corporate parent was in bankruptcy.
Settlement: Gambling Addicts in Quebec Reach Tentative Multi-Million Dollar Settlement with Lotto-Quebec
Gambling Addicts Reach Tentative Multi-Million Dollar Settlement with Lotto-Quebec
Newspaper not liable for defamation
A newspaper was not liable for reports concerning the firing of a municipal official, because even if some statements in the articles were false the reports were fair and accurate summaries overall, Massachusetts’ highest court has ruled. The superintendent of a town’s sewer department was placed on administrative leave and eventually fired from his position
Justices to rule in ‘relation back’ case
The U.S. Supreme Court has agreed to decide whether the Federal Rules of Civil Procedure allow a plaintiff to amend a complaint to add a party and have the amendment relate back to the date of the original pleading. The Court will review an 11th Circuit ruling that addressed Rule 15(c) of the Federal Rules of
Justice Dept. joins Risperdal whistleblower suits
The U.S. Attorney’s office in Boston announced that the Justice Department has filed a False Claims Act complaint against Johnson & Johnson and two subsidiaries for allegedly paying millions of dollars in kickbacks to nursing homes to prescribe its anti-psychotic drug Risperdal . New Jersey-based Johnson & Johnson allegedly paid the kickbacks to Omnicare, the nation’s
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