April 26 roundup

by Walter Olson on April 26, 2011

  • Study of how class action lawyers interact with their named clients [Stephen Meili via Trask]
  • California releases numbers on how bounty-hunting lawyers did in 2010 under Prop 65 environmental-warning law [Cal Biz Lit]
  • According to the tale, lender errors in foreclosure gave Florida borrower home free and clear. Actual story may be more complicated than that [Funnell]
  • The very long discovery arm of the Philadelphia, and Pennsylvania, courts [Drug & Device Law, more]
  • UK law firm “could face big bill” after sending thousands of file-sharing demand letters [ABA Journal]
  • Goodbye to men’s track at U. of Delaware, and the women’s team is suffering too, as often happens with Title IX [Saving Sports]
  • OSHA’s proposed “illness and injury prevention program” (I2P2) termed a “Super Rule” with potentially widespread economic impact [Kirsanow, NRO]

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May 12 roundup
05.12.11 at 7:19 am

{ 4 comments }

1 marco73 04.26.11 at 10:30 am

RE the foreclosure in Florida that left the homeowner free and clear. Be careful what you wish for. If that homeowner tries to just scrape and paint over the mold in the house, he’s in for a big surprise. I can’t imagine any mortgage company lending a dime on a property that has been described in court and in the media as having mold. Just an inspection then remediation of mold is going to consume any potential profits, if you can find a sucker willing to buy a 2/1 with no A/C in Florida.

2 Aaron Worthing 04.26.11 at 3:02 pm
3 gasman 04.27.11 at 1:43 pm

So will the forgiven debt be charged to the homeowner as income as it should be?
In that case the last laugh could be on him, as he would need to come up with cash to pay his income tax on the $72,000 windfall.

4 robert 04.28.11 at 12:27 am

gasman, in an absolutely disgusting trillion dollar middle class tax break, income tax on forgiven mortgage debt is not collected. Bush signed this outrage into law. I think it was called The Deadbeat Specuvestor’s Tax Relief Act.

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