Dr. David Dao, who received an undisclosed settlement from United Airlines after being violently dragged off a flight earlier this month, won’t be roughed up by the Internal Revenue Service: He won’t owe any taxes on the payout.
The IRS allows for the tax-free treatment of personal-injury settlements if they’re awarded for personal physical injuries. Dao, who had boarded a Louisville, Kentucky-bound flight at Chicago’s O’Hare International Airport, sustained a concussion, broken nose and lost...
The Supreme Court of California has ruled a predispute arbitration provision that requires a consumer to waive the right to seek public injunctive relief is unenforceable. In McGill v. Citibank, N.A., No. S224086 (Cal., April 6, 2017), a California woman, McGill, opened a credit card issued by Citibank in 2001. At the time she opened the credit card account, McGill also agreed to purchase the bank’s credit protector plan designed to waive her credit card balance in the event of her unemployment,...
On April 12th, legal data analytics firm Lex Machina released a litigation update report for the first quarter of 2017 which highlights trends in intellectual property suits being filed in U.S. district courts. One of the key findings is that only 938 patent infringement actions were filed in district courts during the recent quarter, a total which is the lowest for a single quarter since the third quarter of 2011 when only 921 such cases were filed.
Although that data point sounds significant,...
A Connecticut city on Tuesday announced that it has settled a lawsuit filed by the family of three girls who died in a Christmas morning house fire that also killed their grandparents.
Terms of the settlement announced by Stamford legal affairs director Kathryn Emmett were not disclosed, but include a $250,000 donation from the city to a charity or school to be determined by the girl’s family.
Daniel B. Kelly recently published an Article entitled, Remedies for Breach of Trust (2017). Provided below is an abstract of the Article:
Private and charitable trusts hold trillions of dollars in assets. Trustees manage, invest, and distribute these assets, subject to fiduciary duties, such as the duty of loyalty and prudence. But remedies for breach of trust, and their justifications, are convoluted. The conventional view, especially in law and economics, is to characterize most fiduciary relationships,...
Last Friday, the Supreme Court of Texas denied an investment company’s petition for review of an arbitration award. In Infinity Capital II LLC et al. v. Strasburger & Price LLP, No. 16-0947, the heirs of a member of a real estate investment company, Infinity Capital, sued the company for fraud and negligence. After the heirs entered into a confidential settlement agreement that contained an arbitration clause with Infinity Capital, the heirs assigned all related rights to their law firm,...
Don Philbin, a top-ranked mediator in Texas as well as adjunct faculty member and double alumnus at Pepperdine Law School, saw an opportunity to include law students in creating Picture It Settled®, a highly intelligent predictive analytics software tool that guides inside and outside counsel through the negotiation process, based on deep data harvested from thousands of cases.
Philbin explains, “We started gathering data and realized that students were interested in examining what happened...