In The News: William S. Boyd School of Law
By filing for bankruptcy, Pacific Gas and Electric Co. pressed a giant “pause” button Tuesday on thousands of claims for as much as $30 billion in damages from Northern California wildfires. The claims will be rerouted from local courts to a federal bankruptcy court in San Francisco, where the victims will stand in line with other creditors, wait a year or longer, and, if the company’s plan is approved, probably wind up with less than they lost.
Steve Wynn isn’t in the clear with Nevada gaming regulators just yet.
Half an hour before a preseason hockey game last fall, Ted Leonsis strolled down the concourse of Capital One Arena in Washington, stopping every now and then to pose for someone’s selfie. Leonsis owns both the Washington Capitals, the National Hockey League team, and the arena itself, a squat behemoth that fills a block of Chinatown not far from Ford’s Theater. He also owns other teams that play there, including the Washington Wizards, in the National Basketball Association, and some smaller ones that don’t.
The Nevada State securities division released its draft regulations for a fiduciary standard for broker/dealers and registered representatives late last week, and many fiduciary advocates say it’s a higher bar then the Securities and Exchange Commission’s Regulation Best Interest (Reg BI). But one thing the proposal has in common with Reg BI is that it does not define "best interest."
The man who police said killed four people in Gardnerville and Reno this month also pawned several pieces of jewelry belonging to the victims, according to a criminal complaint filed Wednesday in Carson City.
For inexperienced investors, trading in the stock markets could be more like gambling than investing. And with commission-free trading apps within reach of more retail investors than ever, that issue of risk is coming into sharper focus.
When a person files for bankruptcy, it’s a sad day. Although the bankruptcy code was enacted to give a “fresh start to the honest but unfortunate debtor” and a single point of contact for creditors (and to keep our economy going), admitting that your debts are out of control is difficult. So why would Congress make it harder for disabled veterans who need bankruptcy protection?
In a nation of disparity, getting sick remains an equal opportunity proposition. The flu bug does not discriminate.
The legal reasoning behind the Justice Department’s unusual reversal this week of an opinion that paved the way for online gambling hewed closely to arguments made by lobbyists for casino magnate and top Republican donor Sheldon Adelson.
US authorities have begun an effort to ban all forms of internet gambling, reversing course from a 2011 decision and imperiling a burgeoning online wagering sector in several American states.
The 23-page opinion interprets the federal Wire Act, which was originally enacted in 1961.
The U.S. Department of Justice has issued a new legal opinion that expands the scope of a law barring gambling over state lines — a move that observers say may affect Daily Fantasy Sports and Nevada’s online poker agreements with Delaware and New Jersey.