Oxford students vote to ban gowns marking out top law students at debates

Oxford students have voted to ban special gowns that mark out cleverest students from “commoners” at law debates because they create “unconscious bias” among examiners.

The university’s student union voted to lobby the university to bar top law students from wearing “scholars’ gowns” because they cause unfairness when they are being examined at the traditional moot debates. 

The special gowns are reserved for scholarship students or those who have done particularly well in their exams. 

They are also worn in formal exams but supporters of the change argued that this did not cause the same problem as markers could not see what the student had been wearing when judging their work. 

According to student newspaper Cherwell, the motion proposed by Thomas Howard, a second year Law student at Magdalen College, said that “judges, sometimes from leading law firms and chambers, may have unconscious bias based on the gowns worn.”

Mr Howard told a meeting of the students’ union that judges’ preconceptions could be “damaging for those in a commoners’ and can be for the scholars too since the judge may expect more of them.” 

The moots are simulated court hearings which give students the chance to practise their legal arguments and public speaking skills. 

The programme is compulsory for first-year law students. Other moots also take place in competition with other colleges or universities. Some are judged by corporate lawyers or carry a financial reward. 

Not all students supported the vote, however. One commented that the change was “silly”. 

Writing on Cherwell’s Facebook page, law student Shane Finn said: “As someone proud of his commoner’s gown in moot courts, I was never once bothered by those wearing scholar’s gowns. In fact, it just makes winning a moot even more satisfying!”

Earlier this year students called for an overall ban on the gowns, worn by students who are predicted to attain top grades in their subject, because they made others feel “inferior”.

Students said watching others wearing the gowns to exams was “disheartening” and “stressful”.

But a consultation revealed that 63 per cent of students were in favour of retaining the existing system. 

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Cloquet native Yetka, force in Minnesota law and politics, dies at 93

The man who had just spent two decades deciding the state’s highest-profile cases went to the Carlton County Courthouse with a request. He wanted to ease the burden on local judges by volunteering his time to hear small claims cases a couple days a week.

“It was unusual for someone of his stature to ask to do conciliation court,” said Bruce Ahlgren, a former Cloquet mayor and retired Carlton County court administrator. “He was just a regular old guy. He just loved meeting people and being with people.”

Yetka, who spent more than 50 years in public service through various local and state political and legal roles, died Sunday in Cloquet. He was 93.

The only person from Northeastern Minnesota to serve on the state Supreme Court in the past half-century, friends and colleagues said Yetka was a tireless advocate for the region throughout his life.

As an associate justice, Yetka was cited as a leader in the creation of an intermediate-level Court of Appeals and the construction of the Minnesota Judicial Center on the grounds of the State Capitol in St. Paul.

Prior to his tenure on the high court, Yetka long maintained a local law office, serving as Cloquet city attorney and representing numerous other municipalities and governmental bodies.

In his younger days, he also served in the Minnesota House of Representatives and was a major force in state DFL politics, rubbing shoulders with the likes of Congressman John Blatnik and future Vice Presidents Hubert Humphrey and Walter Mondale.

“He was a wonderful leader for most of his lifetime,” Mondale told the News Tribune on Tuesday. “He helped the Cloquet area all the time.”

Yetka followed in the footsteps of his father, who had earlier served as Carlton County attorney and Cloquet city attorney.

After graduating from the University of Minnesota, he opened a law practice in Cloquet in 1949 and was elected the next year to the state Legislature at the age of 26.

After five terms in the House, Yetka went on to chair the 8th Congressional District DFL and served as the lead organizer for President John F. Kennedy’s visit to Duluth in September 1963.

He became involved in statewide and national elections — including as a floor supporter for Humphrey’s successful nomination at the famous 1968 Democratic National Convention in Chicago.

One of his three sons, Frank Yetka, is a third-generation Cloquet city attorney. Reflecting on his father’s front-row seat to national politics, he recalled an occasion when Humphrey — as the sitting vice president — visited the Northland and stayed overnight at the family’s Cloquet home, taking time to play catch with the kids in the backyard.

“Seeing him and how happy he was, I gained the same interest,” Frank Yetka said of his father’s career in the law and government. “That can’t help but leave an impression.”

Mondale said Yetka was a friend of 50 years. They met in the early 1960s, when Mondale was serving as Minnesota attorney general. He recalled attending Labor Day parades in Cloquet and said it helped having a close ally in Northeastern Minnesota.

“He knew what was going on,” Mondale said. “He’d take you around and introduce you to everyone. He made a big impact.”

Yetka’s career saw a major shift that forced him to step away from politics when he was appointed to the Supreme Court by Gov. Wendell Anderson in 1973.

Fred Friedman, the retired longtime chief public defender for Northeastern Minnesota, argued cases before Yetka and said he was impressed by his work and the fact that he returned to hear cases in Carlton County after his retirement.

“He was a giant,” Friedman said. “He was a super smart, super friendly, very pro-labor, progressive guy.”

He also credited his work to establish the state Court of Appeals in 1983, easing a major burden on the caseload of the Supreme Court and allowing for a significant increase in the number of cases that receive appellate review.

“He pushed hard for it to happen,” Friedman said, “to make justice more accessible for all.”

Frank Yetka said his father wasn’t ready for retirement but was forced to step down to the court’s mandatory retirement age of 70.

He said his father turned down offers from Twin Cities law firms in favor of returning to his hometown. He continued to remain active through small claims cases and mediation work until about age 85, taking meticulous notes on each case and remaining sharp, Frank Yetka said.

“He loved being back in Cloquet,” his son said. “All his friends and family were here, and he wasn’t a big city guy. He loved northern Minnesota, and this is where he wanted to be.”

A service is scheduled for Nov. 25 at Our Savior’s Lutheran Church, 615 12th St., in Cloquet. Visitation will begin at 10:30 a.m., with the funeral service to follow at 1 p.m.

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Cloquet native Lawrence Yetka, force in Minnesota law and politics, dies at 93

The man who had just spent two decades deciding the state’s highest-profile cases went to the Carlton County Courthouse with a request. He wanted to ease the burden on local judges by volunteering his time to hear small claims cases a couple days a week.

“It was unusual for someone of his stature to ask to do conciliation court,” said Bruce Ahlgren, a former Cloquet mayor and retired Carlton County court administrator. “He was just a regular old guy. He just loved meeting people and being with people.”

Yetka, who spent more than 50 years in public service through various local and state political and legal roles, died Sunday, Nov. 12, in Cloquet. He was 93.

The only person from northeastern Minnesota to serve on the state Supreme Court in the past half-century, friends and colleagues said Yetka was a tireless advocate for the region throughout his life.

As an associate justice, Yetka was cited as a leader in the creation of an intermediate-level Court of Appeals and the construction of the Minnesota Judicial Center on the grounds of the State Capitol in St. Paul.

Prior to his tenure on the high court, Yetka long maintained a local law office, serving as Cloquet city attorney and representing numerous other municipalities and governmental bodies.

In his younger days, he also served in the Minnesota House of Representatives and was a major force in state DFL politics, rubbing shoulders with the likes of Congressman John Blatnik and future Vice Presidents Hubert Humphrey and Walter Mondale.

“He was a wonderful leader for most of his lifetime,” Mondale said Tuesday. “He helped the Cloquet area all the time.”

Yetka followed in the footsteps of his father, who had earlier served as Carlton County attorney and Cloquet city attorney.

After graduating from the University of Minnesota, he opened a law practice in Cloquet in 1949 and was elected the next year to the state Legislature at the age of 26.

After five terms in the House, Yetka went on to chair the 8th Congressional District DFL and served as the lead organizer for President John F. Kennedy’s visit to Duluth in September 1963.

He became involved in statewide and national elections — including as a floor supporter for Humphrey’s successful nomination at the famous 1968 Democratic National Convention in Chicago.

One of his three sons, Frank Yetka, is a third-generation Cloquet city attorney. Reflecting on his father’s front-row seat to national politics, he recalled an occasion when Humphrey — as the sitting vice president — visited the area and stayed overnight at the family’s Cloquet home, taking time to play catch with the kids in the backyard.

“Seeing him and how happy he was, I gained the same interest,” Frank Yetka said of his father’s career in the law and government. “That can’t help but leave an impression.”

Mondale said Yetka was a friend of 50 years. They met in the early 1960s, when Mondale was serving as Minnesota attorney general. He recalled attending Labor Day parades in Cloquet and said it helped having a close ally in northeastern Minnesota.

“He knew what was going on,” Mondale said. “He’d take you around and introduce you to everyone. He made a big impact.”

Yetka’s career saw a major shift that forced him to step away from politics when he was appointed to the Supreme Court by Gov. Wendell Anderson in 1973.

Fred Friedman, the retired longtime chief public defender for northeastern Minnesota, argued cases before Yetka and said he was impressed by his work and the fact that he returned to hear cases in Carlton County after his retirement.

“He was a giant,” Friedman said. “He was a super smart, super friendly, very pro-labor, progressive guy.”

He also credited his work to establish the state Court of Appeals in 1983, easing a major burden on the caseload of the Supreme Court and allowing for a significant increase in the number of cases that receive appellate review.

“He pushed hard for it to happen,” Friedman said, “to make justice more accessible for all.”

Frank Yetka said his father wasn’t ready for retirement but was forced to step down to the court’s mandatory retirement age of 70.

He said his father turned down offers from Twin Cities law firms in favor of returning to his hometown. He continued to remain active through small claims cases and mediation work until about age 85, taking meticulous notes on each case and remaining sharp, Frank Yetka said.

“He loved being back in Cloquet,” his son said. “All his friends and family were here, and he wasn’t a big city guy. He loved northern Minnesota, and this is where he wanted to be.”

A service is scheduled for Nov. 25 at Our Savior’s Lutheran Church, 615 12th St., in Cloquet. Visitation will begin at 10:30 a.m., with the funeral service to follow at 1 p.m.

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Hardison & Cochran Recognized on 2018 Best Law Firms List

    RALEIGH, NC, November 14, 2017 /24-7PressRelease/ — Hardison & Cochran, Attorneys at Law has been named to the Best Law Firms list in the annual rankings released by U.S. News and Best Lawyers for the fourth year in a row.

Hardison & Cochran appears on the Best Law Firms’ list in the field of Workers’ Compensation–claimants for the Raleigh metropolitan area.

The firms included on the 2018 Best Law Firms list are recognized for professional excellence, breadth of knowledge and impressive reviews from clients and legal peers. The rankings are based on a detailed analysis that includes the collection of client and lawyer evaluations, reviews from leading attorneys in the practice area, and information provided by the firm as part of the submission process.

As a prerequisite to be on the Best Law Firms list, a firm must have at least one attorney included in the latest edition of The Best Lawyers in America , which recognizes the top 4 percent of practicing attorneys in the United States. Firms are eligible for listing in the categories in which they have attorneys listed.

Benjamin T. Cochran, managing partner of Hardison & Cochran, was recently listed in The Best Lawyers in America 2018 in the “Workers’ Compensation – Claimants” practice area. Mr. Cochran is a Board-Certified Specialist in North Carolina Workers’ Compensation Law and has been recognized by Best Lawyers each year since 2014.

Hardison & Cochran represents workers who have been injured on the job, disabled people seeking Social Security Disability Insurance benefits and victims of personal injury accidents in Raleigh and throughout North Carolina. The law firm focuses on helping the people of North Carolina who have suffered a setback through no fault of their own, not big corporations or insurance companies.

About Hardison & Cochran, Attorneys at Law

Hardison & Cochran, Attorneys at Law is a highly respected North Carolina personal injury, workers’ compensation, and Social Security Disability law firm with offices in Raleigh, Durham, Fayetteville, Dunn, Greensboro, Southern Pines and Wilmington. The firm has three attorneys who are North Carolina Board Certified Specialists in Workers’ Compensation and a North Carolina Social Security Board Certified Specialist. The firm’s practice areas include workplace accidents, car accidents, truck accidents, motorcycle accidents, boating accidents, dog bites, dangerous drugs, defective medical devices, and nursing home abuse and negligence. For more information, call the firm toll-free at (800) 434-8399 or use the firm’s online contact form.

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Lawyers: Workplace discrimination law won’t affect Bumiputera quotas

Lawyer Syahredzan Johan supports the idea of having a law prohibiting workplace discrimination. — Picture by Yusof Mat IsaLawyer Syahredzan Johan supports the idea of having a law prohibiting workplace discrimination. — Picture by Yusof Mat IsaKUALA LUMPUR, Nov 15 ― Enacting a law against employment discrimination will not contradict constitutional provisions that provide for Bumiputera quotas for positions in public service, lawyers said.

Lawyer Surendra Ananth noted that the Federal Constitution’s Article 153 ― which covers the special position of Malays and Sabah and Sarawak’s natives ― is limited to only the public sector in terms of the workplace, and already provides for the equality that a workplace discrimination law would push for.

“I don’t think there would be a contradiction of Article 153. As far as workplace is concerned, Article 153 refers expressly to public services only. Further, Article 153 inherently provides for the safeguard of equality and non-discrimination,” he said, citing Article 153(5) which expressly said that nothing in Article 153 would diminish Article 136.

“Article 136 guarantees that persons of all races in the public services shall be treated impartially,” the Malaysian Bar’s constitutional law committee’s deputy co-chair told Malay Mail Online yesterday.

Surendra also did not think Article 153 can be “read so widely”, pointing out that the White Papers leading to the Federal Constitution showed the framers’ intention for the the special position of the Malays to be reviewed every 15 years and to ultimately create an equal playing field for all citizens regardless of race and religion.

Surendra felt that individuals and the private sector, especially large corporate bodies such as government-linked companies (GLCs) and private firms that have power over people’s lives, should also be required to uphold fundamental liberties, including the right to equality under Article 8 of the Constitution.

“To this end, I think the public should be allowed to initiate actions against such private or semi-private bodies for violation of basic rights, including the right to be treated equally,” he said.

Lawyer Syahredzan Johan supported the idea of having a law prohibiting workplace discrimination, noting that the Federal Constitution itself prohibits discrimination through Article 8(2) but was previously ruled by the country’s highest court to be limited only to situations when a person’s rights is infringed by the government.

He referred to the Federal Court’s 2005 decision in Beatrice Fernandez v MAS, saying: “What this means is that an individual cannot rely on constitutional provisions when the infringement is by another individual (or private company).”

Anti-discrimination laws between individuals or companies should be created due to the 2005 ruling, Syahredzan said, also noting: “As for Article 153, the proposed legislation can for example ‘carve out’ areas which fall squarely within the quota of Article 153 for Malays and natives of Sabah and Sarawak.”

Lawyer Nizam Bashir said that any law that seeks to prohibit workplace discrimination based on religion, race, gender and disability “needs to be tailored to meet the unique features” of the Federal Constitution, referring specifically to the Federal Constitution’s Article 153, as well as the permitted exceptions to Article 8’s guarantee of equality such as in Article 8(2) and Article 8(5).

Article 8(2) allows discrimination if expressly authorised by the Constitution, while Article 8(5) among other things allows the restriction of employment in a religious institution to persons professing that religion; and laws to reserve the reservation to aborigines of a reasonable proportion of suitable positions in the public service.

While leaving it to those drafting a workplace discrimination law to accommodate these “unique features”, he suggested it could state that it is “not intended to invalidate the exceptions to equality set out in relevant Articles like Article 8(2)”.

Nizam also noted that the Federal Court’s 2005 view that the private sector is not bound by the constitutional rules for equal treatment was reiterated as recently as October 2017 by the country’s fifth Chief, Justice Tun Abdul Hamid Mohamad, in his column in PAS publication Harakahdaily.

Counterproductive to impose equality on Malaysians?

Lawyer Fahri Azzat noted that Article 153 is about protecting the interests of the Malays and natives of Sabah and Sarawak and balancing it against the interest of the other communities, saying: “I fail to see how this has to do with that law about anti-discrimination for employment on those grounds cited.”

He said that having a law against workplace discrimination in Malaysia’s present context would be “rather hypocritical and ultimately futile”, as well as cause further uncertainty in the business environment.

“We have a plethora of government policies, bodies and acts that blatantly discriminate on race and religion. So we have active, daily and persistent discrimination in the public sphere,” he said, without elaborating.

Fahri added that those frustrated with discrimination in the public sphere would also impose discriminatory practices in the private sphere.

“If such a law comes to be passed, we will have the irony if not hypocrisy of private companies not being able to discriminate on race and religion but government being able to do so. It will create further tension and anxiety in society and would not make setting up and running a business cheaper, or more efficient or easier,” he said, adding that employers would have more to comply with and also incur cost.

Fahri argued that instead of imposing a law akin to “We Have to Be Nice to Each Other Act 2017” and that seeks to control behaviour, it should be left to society to work out and regulate behaviour.

He explained that a law imposing fairness and non-discrimination would only be a short-term measure that does not address the resentment or objections to such a policy which would be left to fester, as compared to mature discussion on this matter that would in the long run benefit society.

Surendra cautioned against imposing affirmative action or policies in the private sector, saying however that it may be sufficient for now for fundamental liberties to be extended to private actors through “judicial activism” by judges in their court rulings.

“Ideally, society needs to be educated to reach a level of maturity to understand that all persons are equal. It is only when there is a market that businesses which operate on discrimination exist. Forcing laws on society might have [a] counterproductive effect,” he said.

While believing that an anti-discrimination law is necessary, Syahredzan said he would prefer it to cover “unfair” discrimination in other areas instead of covering only the workplace.

“The important element here is ‘fairness’; some types of discrimination is justified and fair. Also, the focus should not be on sanctions and penalties, but on encouraging equality and non-discrimination, and trying to facilitate a resolution,” he said.

The four were asked to comment on PKR MP Rafizi Ramli’s proposal on Monday for a Fair Work and Career Opportunity Act, where workplace discrimination would be penalised and with a commission to ensure employers nationwide do not engage in discriminatory practices. He did not specify if his proposal was for the private sector only, or also for the public sector.

The National Unity Consultative Council had previously proposed two anti-discrimination draft Bills, with the National Harmony and Reconciliation Bill requiring both the government to promote equality and to bar unfair discrimination based on religion, race, descent, birthplace, gender or disability, Syahredzan said.

Syahredzan, who helped draft these Bills, said complaints of unfair discrimination were supposed to be inquired into by a commission created under the National Harmony and Reconciliation Commission Bill and to be dealt with by a tribunal that could reprimand and issue orders.

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PM’s plan to write Brexit divorce date into law dismissed as a ‘gimmick’

Theresa May’s plan to write the date of the UK’s separation from the European Union into law has been dismissed as a “gimmick” and led to fresh warnings it could provoke a Tory revolt as MPs debated the Brexit legislation.

The Prime Minister wants 11pm GMT on March 29, 2019 enshrined in law as the point that the UK breaks away from Brussels.

But as the Commons began its first day of detailed scrutiny of the European Union (Withdrawal) Bill, the move was condemned by Labour and relations within the Tory party were described as “stormy” as a result of the Government’s handling of Brexit.

Meanwhile, Brexit Secretary David Davis sought to reassure businesses that progress was being made in talks with Brussels and said agreement on an implementation period between the date of leaving the European Union and the start of a new trading relationship could be secured “very early next year”.

But the European Parliament’s Brexit co-ordinator Guy Verhofstadt suggested there had been “no progress” in the talks and cast doubt on whether EU leaders would give the green light to move onto the next phase – covering the implementation and future relationship – at a crunch summit next month.

In the Commons, the so-called repeal bill began eight days of detailed scrutiny, with key votes expected later in the process.

Pro-EU Tory Anna Soubry said a private meeting between Conservative MPs and party whips on Monday evening was “stormy”, with critics going beyond the usual potential rebels.

“These are people, a lot of them ex-ministers, highly respected, and they are genuinely cross about this,” she told the BBC.

“There were some people there who have never rebelled and they are now talking, for the first time ever, of rebelling.”

Magnificent speech from the Big Beast #KenClarke on why it’s so important we get #Brexit right

— Anna Soubry MP (@Anna_Soubry) November 14, 2017

It speaks volumes that #DominicGrieve has become an arch Tory rebel. Govt must rethink EU Wdrawal Bill & build x party consensus.

— Anna Soubry MP (@Anna_Soubry) November 14, 2017

And in further sign of the difficulties faced by the Government – which will be forced to rely on DUP votes for a majority – senior Tories spoke out in the Commons.

Former chancellor Ken Clarke said the amendment on the date was “not just ridiculous and unnecessary – it could be positively harmful to the national interest”.

Ex-attorney general Dominic Grieve said the move was “very strange” and could damage the Government’s negotiating position by limiting the flexibility available to ministers.

Govt exit date amendment to #EUWithdrawalBill is an irresponsible gimmick. Labour will vote against it. https://t.co/g5FSLDT37g

— Keir Starmer (@Keir_Starmer) November 14, 2017

Shadow Brexit secretary Sir Keir Starmer said the Government’s bid to write the date of withdrawal into the law was a “desperate gimmick” from the Prime Minister in an effort to keep her party’s Eurosceptics in line.

“The Government’s amendments to their own Bill would stand in the way of an orderly transition and increase the chance of Britain crashing out of Europe without an agreement,” he said.

“Theresa May should stop pandering to the ‘no deal’ enthusiasts in her own party and withdraw these amendments. If not, Labour will vote against them to support our own amendments and guarantee a transition that protects jobs and living standards.”

Brexit Secretary Mr Davis addressed financiers following warnings from business leaders that unless an implementation period is agreed by Christmas, firms will increasingly be forced to make arrangements to move work to other EU nations.

Mr Davis acknowledged that investors needed certainty and “without such an implementation period, some of these decisions would need to be taken in the coming January”.

“That is why we want to agree this period as soon as the EU have a mandate to do so. Which I believe can be done, very early next year.”

But Mr Verhofstadt warned that the UK’s offer on citizens’ rights does not go far enough to allow Brussels to conclude that “sufficient progress” has been made in divorce talks at next month’s summit of EU leaders.

Last week we have seen again that there is no progress in #Brexit negotiations. It cannot continue like this. We only have one more year. Let’s move forward #EPlenary

— Guy Verhofstadt (@guyverhofstadt) November 14, 2017

For the #Brexit Steering Group in the European Parliament the priority are the citizens’ rights. EU citizens in the UK and UK citizens in the EU should not be the victims of a Brexit #Eplenary

— Guy Verhofstadt (@guyverhofstadt) November 14, 2017

In a letter to Mr Davis, obtained by the Associated Press, the Belgian MEP said that “under your proposals EU citizens will definitely notice a deterioration of their status as a result of Brexit”.

Stating that EU citizens in the UK “should notice no difference” in their status after Brexit, Mr Verhofstadt raised concerns over the cost of registration for “settled status”, the requirement to register individually and the risk of deportation.

Any challenge to registration should put the burden of proof on British authorities, not EU citizens, he said.

Copyright (c) Press Association Ltd. 2017, All Rights Reserved.

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Income tax guidelines: Lenders seek MAT clarity on stressed firms at NCLT

 Income tax, Income tax guidelines, minimum alternate tax, MAT, SBI Capital Markets  Lenders have written to the finance ministry seeking clarifications on the applicability of the minimum alternate tax (MAT) requirement for investments in stressed companies admitted to the National Company Law Tribunal.

By Shayan Ghosh & Shamik Paul

Lenders have written to the finance ministry seeking clarifications on the applicability of the minimum alternate tax (MAT) requirement for investments in stressed companies admitted to the National Company Law Tribunal (NCLT), Varsha Purandare, MD & CEO, SBI Capital Markets (SBI Caps) told FE. “Suppose a company which has a negative net worth, because of losses it has accumulated, is seeking bids and a bidder offers a valuation of say Rs 3,000 crore or Rs 5,000 crore. Then the difference between the net worth and the sale consideration will be taxable,” she said, adding that a lot of investors have been asking how it will be treated. Under the existing income tax guidelines, a company also has to pay MAT on the haircut taken by lenders as it would result in a notional profit on the books of the distressed company. M S Sahoo, chairperson , Insolvency and Bankruptcy Board of India, said that the issue of MAT is being discussed at present.

Meanwhile, in April industry body Assocham had sought exemption from MAT by the insertion of a suitable substitution of or addition to the Income Tax Act in respect of the restructuring under the Insolvency and Bankruptcy Code (IBC). “Unless otherwise exempted, such distressed companies may fail in their resolution plan simply due to the high tax liability that shall accrue upon them on account of MAT while continuing to be under turnaround process and stressed for liquidity,” Assocham had said in a statement.

The Reserve Bank of India (RBI), had on June 13, asked banks to refer a dozen troubled companies — with a combined debt of close to Rs 2.4 lakh crore—to the NCLT, following several failed attempts at loan recovery. Under IBC, the IRP gets 180 days to submit a restructuring plan for the company and the timeline can be extended by another 90 days. If the company fails to come up with a solution within the specified time, it would be liquidated. The resolution plan will have to be approved by the committee of creditors by a 75% majority and submitted to the NCLT.

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Pomerantz Law Firm Reminds Shareholders with Losses on their Investment in Intercept Pharmaceuticals, Inc. of Class Action Lawsuit and Upcoming Deadline – ICPT

NEW YORK, NY / ACCESSWIRE / November 14, 2017 / Pomerantz LLP announces that a class action lawsuit has been filed against Intercept Pharmaceuticals, Inc. (“Intercept” or the “Company”) (NASDAQ: ICPT) and certain of its officers. The class action, filed in United States District Court, Southern District of New York, and docketed under 17-cv-07371, is on behalf of a class consisting of investors who purchased or otherwise acquired Intercept securities, seeking to recover compensable damages caused by defendants’ violations of the Securities Exchange Act of 1934.

If you are a shareholder who purchased Intercept securities between May 31, 2016, and September 20, 2017, both dates inclusive, you have until November 27, 2017, to ask the Court to appoint you as Lead Plaintiff for the class. A copy of the Complaint can be obtained at www.pomerantzlaw.com. To discuss this action, contact Robert S. Willoughby at [email protected] or 888.476.6529 (or 888.4-POMLAW), toll-free, Ext. 9980. Those who inquire by e-mail are encouraged to include their mailing address, telephone number, and the number of shares purchased.

[Click here to join this class action]

Intercept Pharmaceuticals, Inc. manufactures and markets biopharmaceutical products. The Company focuses on the development and commercialization of therapeutics to treat chronic liver diseases utilizing proprietary bile acid chemistry. The Company’s lead product candidate, Ocaliva (obeticholic acid, or OCA), is a bile acid analog, a chemical substance that has a structure based on a naturally occurring human bile acid, that selectively binds to and activates the farnesoid X receptor, or FXR. On May 31, 2016, Intercept announced that the U.S. Food and Drug Administration (“FDA”) had approved Ocaliva for the treatment of patients with primary biliary cholangitis (“PBC”).

The Complaint alleges that throughout the Class Period, Defendants made materially false and misleading statements regarding the Company’s business, operational and compliance policies. Specifically, Defendants made false and/or misleading statements and/or failed to disclose that: (i) Ocaliva entailed undisclosed safety risks, including death, to patients suffering from PBC; and (ii) as a result of the foregoing, Intercept’s public statements were materially false and misleading at all relevant times.

On September 12, 2017, Intercept issued a letter warning physicians against overdosing patients with Ocaliva, advising them that the drug has been tied to liver injuries and death among patients suffering from PBC.

On this news, Intercept’s share price fell $15.36, or 13.53%, to close at $98.12 on September 12, 2017.

On September 21, 2017, the FDA issued a safety announcement entitled “FDA Drug Safety Communication: FDA warns about serious liver injury with Ocaliva for rare chronic liver disease,” warning doctors after reports of multiple deaths linked to the drug.

On this news, Intercept’s share price fell $24.42, or 24.88%, to close at $73.70 on September 21, 2017.

The Pomerantz Firm, with offices in New York, Chicago, Los Angeles, and Paris, is acknowledged as one of the premier firms in the areas of corporate, securities, and antitrust class litigation. Founded by the late Abraham L. Pomerantz, known as the dean of the class action bar, the Pomerantz Firm pioneered the field of securities class actions. Today, more than 80 years later, the Pomerantz Firm continues in the tradition he established, fighting for the rights of the victims of securities fraud, breaches of fiduciary duty, and corporate misconduct. The Firm has recovered numerous multimillion-dollar damages awards on behalf of class members. See www.pomerantzlaw.com

SOURCE: Pomerantz LLP


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Nesci & St. Louis, PLLC, Honored as Tier 1 Law Firm for DUI Defense

U.S. News – Best Lawyers Ranks Tucson Firm Amongst Top Firms in Arizona.

Tucson, Arizona (PRWEB) November 13, 2017

Nesci & St. Louis, PLLC, is proud to announce it has been named a Tier 1 firm in Tucson for DUI/DWI Defense by U.S. News – Best Lawyers “Best Law Firms” for 2018. The Tucson firm is one of only three Arizona firms defending driving under the influence cases to receive this honor.

U.S. News determined its Best Law Firms based on client and peer feedback on whether a firm is: knowledgeable; responsive; civil; cost-effective; understanding of a client’s needs; and likely to be recommended to another client. The selection panel gave a score to each firm and grouped them in tiers, with Tier 1 being the highest. U.S. News said that it uses a tier system because many of the top-scoring law firms are separated by small margins. U.S. News ranked law firms in 186 metropolitan areas across the U.S. and 122 areas of practice.

Nesci & St. Louis, PLLC, partners James Nesci and Joseph P. St. Louis are both regarded as among the top DUI defense attorneys in the country. Nesci has been selected as one of The Best Lawyers in America for DUI/DWI Defense every year since 2010. St. Louis has received the same honor every year since 2013.

Attorney James Nesci is the Dean Emeritus of the National College for DUI Defense, Inc. He has written a number of books on DUI defense published in several states, including Nesci’s Arizona DUI Defense: The Law & The Practice, 4th Edition. Nesci has taught defense attorneys how to defend DUI cases at over 150 legal conferences. Peer and professional ratings organizations regularly rank him as a top DUI defense attorney.

Attorney Joseph P. St. Louis is the only Arizona attorney certified as a Specialist in both criminal defense (by the Arizona State Bar) and DUI defense (by the National College for DUI Defense, as authorized by the American Bar Association). Super Lawyers magazine has named him one of its best DUI defense lawyers in Arizona every year since 2009. St. Louis is also the past president of Arizona Attorneys for Criminal Justice.

Nesci & St. Louis, PLLC, also includes attorneys Russell Hughes and Anshul Krishn, and focuses exclusively on representing clients throughout Arizona charged with DUI and other criminal offenses.

Nesci & St. Louis, PLLC:

The Tucson criminal defense lawyers at Nesci & St. Louis, PLLC represent individuals charged with DUI and other crimes throughout the state of Arizona, including in the counties of Pima, Miracopa, Cochise, Pinal, Santa Cruz, and Yuma. Contact the law firm today to setup an initial case consultation. Call 520-777-0235 or visit https://www.azdefense.com/ for more information.

For the original version on PRWeb visit: http://www.prweb.com/releases/2017/11/prweb14912212.htm

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