Separating powers; courts weigh in on rewriting of Lampf statute-of-limitations scheme
Article Abstract:
Federal courts disagree as to the constitutionality of a rider to the Federal Deposit Insurance Corporation Improvement Act of 1991, which reinstated the use of state statutes of limitation for Section 10(b) securities fraud actions and permitted plaintiffs whose cases would have been time-barred by the 1991 decision Lampf v Gilbertson to refile. Those concerned about the law's constitutionality raise separation of powers questions. Lampf had ruled that Section 10(b) securities fraud actions must be brought within a year of discovery and no more than three years after the violation happened.
Publication Name: ABA Journal
Subject: Law
ISSN: 0747-0088
Year: 1992
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Education begins at home; Michigan opinions hurt and help home schooling movement
Article Abstract:
The Michigan Supreme Court handed down two opinions dealing with home education in 1993. In Michigan v. Bennett, the court held that children educated at home must be taught by licensed teachers. In Michigan v. DeJonge, the court held the law requiring licensed teachers to be unconstitutional when the children were being educated at home for religious reasons. The law was held to violate the First Amendment's guarantee of freedom of religion.
Publication Name: ABA Journal
Subject: Law
ISSN: 0747-0088
Year: 1993
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Specialization in Soviet practice; it's still a risky business, but more U.S. firms are entering the fray
Article Abstract:
More and more law firms are starting to practice in the area of Soviet transactions. In spite of the risks of political instability and economic uncertainty, they hope that the area will prove profitable over the long haul. Areas of practice include energy, real estate, mining projects and other trade deals. Firms include Milbank, Tweed, Hadley and McCloy and Vinson and Elkins.
Publication Name: ABA Journal
Subject: Law
ISSN: 0747-0088
Year: 1992
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- Abstracts: A warning on a product may not bar liability, two courts hold in decisions citing the new Restatement. Guilt by association(s)? Injured plaintiffs sue groups that promote faulty products and standards
- Abstracts: Parsing Pinter four years later: defining a statutory seller under section 12 of the Securities Act. Rule 144A and integration
- Abstracts: Concerns with pension security. Solutions to 401(k) problems. Behind the numbers: the art of accumulation planning for retirement
- Abstracts: Conservatory and provisional measures in international arbitration: AAA's experience. How to draft an AAA arbitration clause for international business
- Abstracts: Is school safety a federal issue? A new area of liability. Federal court staying out of it; state discipline cases