Prudential faces massive legal fight on energy offering

Article Abstract:

Prudential Securities Inc is trying to reach a settlement with both private plaintiffs and regulators in a suit alleging the defrauding of numerous small investors in Prudential's sales of energy partnerships during the 1980s. The investors allege salesmen pretended these investments were as safe as certificates of deposit, but they became worthless when oil prices collapsed in 1986. Prudential emphasizes these partnerships have not been marketed since 1990 and that the company has made many positive changes since then.

Security brokers and dealers, Securities fraud, Prudential Securities Inc.

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Blowing whistles; spilling beans in the private sector is now a big legal business

Article Abstract:

The number of suits for unlawful employment termination due to whistleblowing has increased, and public employees are no longer the only ones with legal protection when they blow the whistle on illegal corporate conduct. Almost half of the states have laws protecting public sector whistleblowers, and 11 protect both public and private sector employees in this situation. Whistleblower protection has evolved due to an erosion of the employment-at-will doctrine, which enabled employers to dismiss employees for any reason.

Whistle blowing, Whistleblowing, Employee dismissals, Employment terminations, Employment at will

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The 5th Circuit: taxpayers' haven? Lawyers debate whether the court has anti-IRS bias, reflected in fee awards

Article Abstract:

Tax litigators disagree over whether the 5th US Circuit Court of Appeals is aggressively pro-taxpayer, with some claiming it is more antagonistic to the IRS than any other circuit court. No comprehensive survey is available analyzing which courts have rendered more or larger decisions in favor of taxpayers, but experts say Texas has a strong anti-government tradition and an unusually aggressive IRS office. Debate is especially intense over awards of attorney fees to taxpayers victorious in court.

United States, Evaluation, Beliefs, opinions and attitudes, Tax appeals, United States. Court of Appeals for the 5th Circuit

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