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Matrimonial attorneys in California are breathing a sigh of relief. Even though divorce may be the most blood-boiling experience a person can go through, a California appellate court ruled that a client cannot sue his attorney just because the proceedings threw his life into turmoil. Rinaldi v. Pisano, 434148 (1st Dist. Ct. App., Dec. 18, 2004). The appellate justices ruled against Vincenzo Rinaldi, who claims his divorce lawyer, Joseph Pisano of San Francisco, made mistakes that turned his life upside-down and left him wondering if his new marriage was legitimate. The appeal court ordered the trial judge to strike a claim for emotional distress damages from Rinaldi's suit or argue why he should not do so. The ruling will limit the amount of money Rinaldi can collect if his suit is ultimately successful.
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There is no efficient market for the sale of bankruptcy assets. Inefficient markets yield a transactional drag, potentially dampening the ability of debtors and trustees to maximize value for creditors. This article identifies ways in which investors may more easily discover bankruptcy asset sales.
A federal district court in Miami, FL, has ruled that former National Basketball Association star Shaquille O'Neal will have to face a lawsuit over his promotion of unregistered securities in the form of cryptocurrency tokens and that he was a "seller" of these unregistered securities.
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