Supreme Court to address labor and employment matters in 2013-2014 term After allegedly being retaliated against for reporting mistakes and misconduct involving the mutual funds, Plaintiffs brought suit against ... of such agreements turns on an inquiry into the parties’ intent.” The Supreme Court’s decision may resolve ... 07/29/2013 - 1:00 pm | View Link
Supreme Court upholds class-action waivers in antitrust action in American Express Co. v. Italian Colors Restaurant The Court’s decision rests on Justice Scalia’s clear distinction between the right to pursue a remedy, and whether pursuing a remedy would be worthwhile. Justice Scalia wrote: No contrary congressional ... the analysis turns on whether the arbitration ... 06/19/2013 - 1:00 pm | View Link
Supreme Court turns away suit seeking Puerto Rico congressional vote The Supreme Court won't hear an appeal from residents of Puerto Rico seeking to gain a voting representative in Congress. The high court turned away the appeal from Gregorio Igartua and other Puerto Ricans on Monday. Territorial status ... 05/13/2012 - 1:00 pm | View Link
Are Vaccine Makers Exempt from Civil Suits? Follow the Supreme Court Case it's actually possible to read the court transcripts online. Evidently, the case turns on the question of whether "unavoidable" injuries caused by vaccines can include injuries that occur even when the medication is properly produced and ... 10/12/2010 - 1:00 pm | View Link
Supreme Injustice President Barack Obama is covering all the bases when it comes to forming his Supreme Court ... to file suit against the Arizona law, either on the grounds that it violates the Supremacy Clause or Federal civil rights laws. But during a Congressional ... 05/18/2010 - 1:00 pm | View Link
The US government has urged the Supreme Court to intervene in Argentina’s fight over paying up on its defaulted debt, saying a lower court ruling against the country was wrong.
In an brief filed with the top court Wednesday, the Justice Department said a key ruling in the longstanding case that gave hedge fund bondholders the power to pursue the country’s non-US assets was wrong.
It said the US Foreign Sovereign Immunities Act protects foreign governments’ property, including financial assets, from creditors “unless the property is used for a commercial activity in the United States.”
In August 2012, the 2nd US Circuit Court of Appeals in New York ruled that FSIA did not prevent NML Capital and Aurelius Capital from seeking information on Argentine assets as they try to press the country to repay their bonds.
It said the two could enforce subpoenas against two banks for information about Argentine assets.
“The court of appeals’ decision is incorrect,” US Solicitor General Donald Verrilli said in the brief.
Verrilli did not comment on any other merits of the case, in which lower US courts have ordered Buenos Aires to pay the two hedge funds the full value of the sovereign bonds they hold, even though they refused to join most of the country’s other bondholders in a restructuring of the debt.
Argentina has argued that NML and Aurelius lost their right to collect when they opted out of the 2005 and 2010 restructurings of nearly $100 billion of debt it defaulted on 13 years ago.
Buenos Aires says that paying the pair full face value for their bonds would be unfair to the restructured bondholders.
It also says being forced to pay the two in full could expand its payment obligations to others and force it back into default on all its debt.
The case has huge ramifications for the global sovereign debt market, potentially jamming up any sovereign restructuring program such as that at the core of the massive rescue of Greece.
Argentina is waiting to see whether the Supreme Court will hear its appeal, and the Justice Department brief raises the chance that the high court will do so.
[Image via Agence France-Presse]
What’s that Jupiter-like thing doing so far afield from nearest star? (via The Christian Science Monitor)
This is an artist’s conception of a young planet in a distant orbit around its host star. The star still harbors a debris disk, remnant material from star and planet formation, interior to the planet’s orbit (similar to the HD106906 system).(NASA/JPL…
[Image: "Gas giant exoplanet orbiting a star in a cluster" via Wikipedia Commons]
Mid Columbia Tri City HeraldRepublican Tom Cotton invites Obama to ArkansasMid Columbia Tri City HeraldFILE - In this Nov. 1, 2013 file photo, U. S. Sen. Mark Pryor, D-Ark., speaks to a meeting of university officials in Little Rock, Ark. Campaign officials for Pryor dismissed Republican opponent Tom Cotton's invitation on Friday, Dec.
Elections in the six-year of a president's time in office typically produce congressional gains for the political party out of the White House. But the on-going Republican civil war could make 2014 an outlier.
Not that Democrats are likely to win back control of the House of Representatives. Although some in the GOP feared citizen anger over the government shutdown that the party engineered in November might put their majority there at risk, that concern has subsided somewhat given the fallout from the botched roll-out of the exchanges in the Affordable Care Act.