The state has passed a Minnesota equivalent to the federal false claims act, after having tried unsuccessfully to pass a similar bill in the last three sessions (the twenty-third state to have done so). Mike Hatch, former Minnesota AG, opposed the law. Effective July 1, 2010. Link to the text of the new law.
For the time being, it seems that the possibility of a newly imposed tax on legal services in Minnesota has diminished. The linked blog entry and accompanying comments are by an large informative of the issues and respective positions. In my view, while recognizing that Minnesota courts are desperately underfunded, the cost of U.S. legal […]
A huge obstacle to resolving the U.S. credit crisis appears to be the securitization of loans, which results in a “slicing and dicing” of loans, with one party servicing a particular loan (and servicing rights bought and sold for any particular loan multiple times) and other parties as investors in the loan. With so many […]