NY Mag on the fallout of false testimony that sends an innocent parent to jail.
Grantor retained annuity trusts are a method that the ultra rich use to avoid gift taxes. Many lawyers insist that these trusts are a cornerstone of any sound estate plan.
For years in Malibu, CA, homeowners have tried to hide public access points to local beaches in order to prevent people from using them. A recently released app has tipped off the public as to exactly where these access points are, causing an outcry from the homeowners.
Sly Stone's history of drug addiction and eccentricity is well known. But, a recent California Court of Appeals ruling details how a series of ill advised business deals left Stone destitute. [more inside]
After several failed attempts against other schools, a lawsuit against Thomas Jefferson School of Law for providing misleading employment data to prospective students is moving forward.
Benula Bensam, not having landed a summer job, decided to attend the Rajat Gupta trial. She felt that some of the judge's evidentiary rulings were incorrect, and so sent him three letters. The judge, Jed Rakoff, was not amused.
With the number of LSAT test takers in sharp decline, has the law school tuition bubble finally burst?
Tom Monaghan had a dream: To create a law school and surrounding community that would adhere strictly to Catholic values. Things have not gone according to plan. [more inside]
There has been an increasing outcry over the bleak job prospects facing law school graduates. Paul Campos, author of the "Inside The Law School Scam" blog, argues that continued high enrollment at law schools may be due to "lemming psychology".
Want your new law school to get accredited by the American Bar Association? Be prepared to jump through some hoops.
Samir Zia Chowhan, sensing a prime opportunity in this down economy, set out to hire a secretary who could not only do the typing and filing, but could also engage in group sex with Chowhan and his law partner. The Illinois Supreme Court found that this is conduct unbecoming of an attorney and suspended Chowhan's law license.
Professor Herwig Schlunk of Vanderbilt University explores whether a law degree is a good investment today. (SSRN link) [more inside]
Over the past couple of months, there have been a series of scandals that have rocked the legal education community. First, there were tandem lawsuits against Thomas M. Cooley School of Law and New York Law School for misrepresenting jobs data. Then, Villanova University and the University of Illinois were found to be fudging their employment numbers. A legal team is now preparing to sue 15 different law schools because of misrepresentations made to students regarding job and salary data.
Hartwick College, a small school in New York's Catskills, is the beneficiary of a trust that “could ultimately shatter the nation’s financial structure.”
The job market is saturated and graduates are unable to get hired anywhere to get proper training. Law professors Richard Rhee and Bradley Borden have a solution: law schools should open their own law firms.
Homeowners are using a little known loophole in the bankruptcy laws to shed their second mortgages.
Matt and Jamie Danielson, with the aid of their bankruptcy attorney, were able to use a little known loophole in the Iowa law to void their mortgage and own their house outright after making just one payment. However, further investigation has uncovered some unsavory events in the couple's past.
Betty Anne Waters's brother Kenny was sent to prison for first degree murder and armed robbery in 1982. Over the next 16 years, Betty Anne got her GED, college degree, and law degree, all in an effort to prove Kenny was innocent. With the assistance of the Innocence Project, Betty Anne was able to use DNA evidence to show Kenny was innocent. [more inside]
Patsy Campbell has been fighting her foreclosure in Florida courts for the past 25 years. She has not made a mortgage payment since 1985 while foiling the efforts of several banks to evict her from her home in Okeechobee, Florida.
Jonathan Blattmachr, one of the country's leading estates and trusts experts, feels that helping his clients reduce their tax liability helps the IRS close loopholes that he and his colleagues use. As with most attorneys, there are some clients who weren't happy with his work, but Mr. Blattmachr pushes on with his efforts.
Debt buyers have become a multi-billion dollar industry. They buy old debts and then litigate in an effort to collect with little or no evidence. [more inside]