Legal updates for: trusts

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SCOTUS Rules No Felony for Throwing the Little Ones Overboard

by Jeff Ifrah on

...The case, Yates v. United States, arose from a offshore inspection of a commercial fishing vessel in the Gulf of Mexico. During the inspection, a federal agent found that the ship’s catch contained undersized red grouper, in violation of federal conservation regulations. ... more

It’s important to have underinsured/uninsured coverage

by Howard Ankin on

...When Illinois motorists take to the streets, they place an incredible amount of trust in the other motorists with whom they share the roads. Unfortunately, many of these motorists do not live up to expectations and they fail to have the same consideration for others.... more

"New Reporting Requirements on the Horizon for US Financial Services Providers Doing Business With Non-US Persons"

by Skadden, Arps, Slate, Meagher & Flom LLP on

... closely on the heels of the reinstated reporting requirements for inbound and outbound direct investment involving U.S. entities, the U.S. Department of Commerce’s Bureau of Economic Analysis (BEA) has announced plans to require U.S. financial service providers to respond to the Form BE-180 Benchmark Survey of Financial Services Transactions... more

Cooperation By Broker Mitigates SEC Sanctions

by Dorsey & Whitney LLP on

...n turn in 1990 Olympus sustained significant losses on those investments. Executives 1 and 2 then moved the investments into trusts constructed under Japanese law. Those trusts were managed in such a way that write-downs could be avoided for a time. ... more

Red Notice Newsletter - February 2015

by Akin Gump Strauss Hauer & Feld LLP on

... - Welcome to the February 2015 edition of Red Notice, a publication of Akin Gump Strauss Hauer & Feld LLP. - This month on the anticorruption front, several companies face the consequences of improper dealings in Africa—a major automobile parts manufacturer pays USD $16 million to settle Foreign Corrupt Practices Act (FCPA)... more

2014 Wilentz Family Law Case Decisions

by Wilentz, Goldman & Spitzer P.A. on

... - Krupinski v. Krupinski, 437 N.J. Super. 159 (App. Div. 2014). Before Judges Fuentes, Fasciale, and Haas. Opinion by Judge Fuentes, P.J.A.D. Issue: Did the trial court err in denying Husband’s motion to terminate his obligation to pay permanent alimony to plaintiff in light of Husband’s post-divorce efforts that caused... more

Does the trustee who socially invests entrusted funds breach his/her/its fiduciary duty of undivided loyalty, absent express authority to do so in the trust’s terms?

by Charles E. Rounds, Jr. on

... February 8, 2015, The University of California Student Association [which purports to represent all 240,000 students enrolled in the UC system’s 10 campuses] passed [9-1-5] the following resolution, which, in part, calls upon the University to disinvest in U.S. bonds and other U.S. debt obligations: “THEREFORE BE IT FURTHER... more