Asset Protection. Legal news and articles for October 30 - 31, 2011

Bernie Madoff's Future Daughter-in-Law Only Person to Profit From New Book ...MF Global Exposes Prop-Trading Risk That Volcker Wants to CurbIkos court case raises questions over protection of proprietary informationApproaching Retirement FAQNewPage, Vitro SAB, Madoff, Lehman, Inspirada: BankruptcyTASER International Reports Third Quarter ResultsUK PM Seeks Law Change to Allow Armed Guards on British VesselsMF Global nears asset sale, bankruptcy for holding firmRace for mayor in Circleville has no mudslingingMF Global seen near asset sale, bankruptcy for holding companyIs Domestic Asset Protection Still Viable After Mortensen?Can Kodak rescue itself via a patent bonanza?Legal & General Assurance buys auto firm pension assetsClean Water Act failing in new climateConservation hypocrisy: Again, they come for the forest dwellers

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Ice Storm
The American LawyerOctober 2, 2011

The code did not meet international standards set by UNCITRAL, the United Nations commission that regulates international trade. "Icelandic law did not cover a reorganization proceeding for banks that was capable of being recognized outside of Iceland ...more »

Lubbock, Texas Elder Law Firm Partners With Alzheimer's Association For 2011 ...
Online PR News (press release)October 13, 2011

Elder Law is an emerging area of law that focuses on the legal needs of people as they age. This includes advanced estate planning, long-term care planning, asset protection, Medicaid nursing home qualification, Veterans' benefits, guardianship and ...more »

Asset Protection. News and Stories

Bernie Madoff's Future Daughter-in-Law Only Person to Profit From New Book ...
Hollywood ReporterOctober 31, 2011

Andrew Madoff is named as a defendant because he allegedly has more than $60 million in fraudulent transfers from Bernard L. Madoff Investment Services. However, the family has maintained their innocence, claiming they were not aware of Bernie Madoff's ...more »

MF Global Exposes Prop-Trading Risk That Volcker Wants to Curb
BloombergOctober 31, 2011

The regulators said they decided a bankruptcy led by the Securities Investor Protection Corp. would be the best way to safeguard customer accounts and assets. “MF was highly leveraged and I think Corzine came in trying to do what he did at Goldman ...more »

Ikos court case raises questions over protection of proprietary information
Hedge Funds Review MagazineOctober 31, 2011

By Tony Whitfield The legal pursuit by Ikos Asset Management of former employees accused of illegally copying trading software has highlighted the need to protect a hedge fund's intellectual property. Actions have been heard before the UK High Court ...more »

Approaching Retirement FAQ
Greater Lansing Business MonthlyOctober 31, 2011

Unlike an individual retirement account (IRA), employer plans typically offer limited investment opportunities, especially among the various asset classes. An IRA has substantially similar asset protection planning features found with ...more »

NewPage, Vitro SAB, Madoff, Lehman, Inspirada: Bankruptcy
BusinessWeekOctober 31, 2011

The complaint, originally filed in New York state court, was transferred to US District Court and from there to the bankruptcy court in Manhattan. The liquidators were granted relief under Chapter 15 of US bankruptcy laws. Chapter 15 allows courts in ...more »

TASER International Reports Third Quarter Results
MarketWatch (press release)October 31, 2011

New Jersey, the last previously remaining state that prohibited law enforcement from using ECDs has approved the TASER(R) X26(TM) ECD and the X2 ECD for use by law enforcement officers in New Jersey. These models are the only ECDs to meet the criteria ...more »

UK PM Seeks Law Change to Allow Armed Guards on British Vessels
Insurance JournalOctober 31, 2011

Peter Dobbs, who heads Catlin's Asset Protection service, delivered the same message in a recent interview with the IJ. ”I think it's no longer possible now to have a vessel, valued at a hundred million dollars, with cargo valued at two hundred million ...more »

MF Global nears asset sale, bankruptcy for holding firm
FirstpostOctober 31, 2011

Troubled brokerage MF Global Holdings was nearing a deal late on Sunday night to file for bankruptcy protection and sell assets to Interactive Brokers Group, media reports said. As per a tentative plan, MF Global's holding company would file for ...more »

Race for mayor in Circleville has no mudslinging
Columbus DispatchOctober 31, 2011

The city needs to leverage assets such as the Rt. 23 corridor, a newly developed industrial park and partnerships with key players to bring jobs to the community, McIlroy said. “Ohio Christian University is going to be annexed into the city, ...more »

MF Global seen near asset sale, bankruptcy for holding company
ReutersOctober 31, 2011

NEW YORK, Oct 31 (Reuters) - Troubled brokerage MF Global Holdings Ltd was nearing a deal late on Sunday night to file for bankruptcy protection and sell assets to Interactive Brokers Group , media reports said. ...more »

Is Domestic Asset Protection Still Viable After Mortensen?
AdvisorOneOctober 30, 2011

The voiding of transactions entered into with the purpose of defrauding current creditors is common in debtor-creditor law, but BAPCPA extends creditor protection by voiding transfers that were made with the intent to protect assets from future ...more »

Can Kodak rescue itself via a patent bonanza?
Wall Street JournalOctober 30, 2011

That's because patents have become highly valuable to digital device makers who want to protect themselves from intellectual property lawsuits. In July, an alliance made up of Apple and Microsoft purchased a raft of patents from Nortel Networks for ...more »

Legal & General Assurance buys auto firm pension assets
Business InsuranceOctober 30, 2011

Even with the annuity deal, however, plan participants will not receive all of their promised benefits, such as certain benefit increases to reflect rises in the cost of living. Such pension plan buyout arrangements are required under British law, ...more »

Clean Water Act failing in new climate
SignOnSanDiego.comOctober 30, 2011

California's Porter-Cologne Act actually predated the federal Clean Water Act, and hands our state water quality regulators significant authority to stop ongoing pollution and to require remedial action. The Water Boards and the Coastal Commission, ...more »

Conservation hypocrisy: Again, they come for the forest dwellers
FirstpostOctober 30, 2011

This is not unlike the modern day implementation of the Wildlife Protection Act which forbade the extraction of forest produce by communities living within. The law insisted that the state provide alternatives, but it was ignored, leaving these ...more »

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