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Foley & Lardner LLP | USA | 21 Mar 2011

Solvent run-off schemes in the United States: the Rhode Island statute and current challenges

On March 16, 2011, a Rhode Island Superior Court heard arguments on whether Rhode Island's solvent restructuring statute violates the Contracts Clause of the U.S. Constitution.


Foley & Lardner LLP | USA | 11 Oct 2010

California investment adviser agrees to payment of fine with respect to failure to disclose conflict of interest

Valentine Capital Asset Management, a California-based registered investment adviser, agreed to settle an SEC enforcement action by disgorging approximately $400,000 it received in excess commissions, paying a $70,000 penalty, and agreeing to be censured.


Foley & Lardner LLP | USA | 13 Sep 2010

State constitution: Circuit Court allows class-size amendment to remain on November ballot

On September 10, 2010, Leon County Circuit Court Chief Judge Charles Francis issued a ruling that allowed the proposed amendment to the Florida Constitution to revise maximum class-size limits to remain on the November general election ballot.


Foley & Lardner LLP | USA | 12 Jul 2010

One redistricting proposal removed from November ballot while two others are challenged

One of three proposed amendments to the Florida Constitution addressing redistricting issues has been removed from the November general election ballot, and two others have been challenged.


Foley & Lardner LLP | USA | 2 Jul 2009

Reverse discrimination decision sets confusing standard

On Monday, June 29, 2009, the U.S. Supreme Court announced its long-anticipated decision in Ricci v. DeStefano regarding claims of reverse discrimination brought by white and Hispanic firefighters in Connecticut.


Foley & Lardner LLP | USA | 30 Jun 2008

EPA storm water discharge rule vacated

The United States Court of Appeals for the Ninth Circuit vacated the EPA rule that exempted discharges of sediment from oil and gas construction activities that contribute to violations of water quality standards from the permitting requirements of the Clean Water Act (“CWA”).

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