| Anna Nicole: a textbook case
Miami - Anna Nicole Smith dropped out of high school, but in a twist as bizarre as the model's life and death, she has been appearing in law school courses for years. Now, more so than ever, it is the dropout who has something to teach. Even before her death last month led to legal wrangling, Smith was a case study for students learning about estate law. Her high-profile court feud with the family of her late husband, Texas oil tycoon J Howard Marshall II, landed them in at least one widely used textbook: Wills, Trusts and Estates. (They are kissing on page 195) Now, one poorly drafted will and a court dispute over her body later, law professors are finding her troubles can again serve as an example to students. Over the past month, professors say they have answered questions about court proceedings or used Smith to illustrate an issue in passing.
EXL Announces Hire of Sridhar Kadaba, Vice President, Risk ...
NEW YORK, Feb. 20 /PRNewswire-FirstCall/ -- ExlService Holdings, Inc. ("EXL") (NASDAQ: EXLS) announced that Sridhar Kadaba has joined as Vice President, Risk Advisory Services. Sridhar will work in developing new and value-added service offerings within EXL's Risk Advisory Services business line. He has extensive experience and specialization in the areas of Accounting & Finance Operations, Strategic Finance (planning, budgeting, cost management, BPM & BI) and Risk & Compliance Reporting. Sridhar will be based in New York. Sridhar Kadaba has over 25 years experience in the financial services and consulting industries. Prior to joining EXL, he was the Global Financial Services Practice Leader at Parson Consulting where he helped develop multiple service offerings, targeting both the CFO and CIO within the Financial Services Industry.
Punitive Damage Awards Limited: U.S. Supreme Court Overview
Feb. 20 (Bloomberg) -- The U.S. Supreme Court tightened the constitutional limits on punitive damages, setting aside a $79.5 million award in a smoker case against Altria Group Inc.'s Philip Morris USA unit. The justices, voting 5-4 in the case of an Oregon man who died of lung cancer, said a lower court improperly let jurors punish Philip Morris for the health problems of other smokers. ``To permit punishment for injuring a non-party victim would add a near standardless dimension to the punitive damages question,'' Justice Stephen Breyer wrote for the court. The decision gives new ammunition to frequent targets of product-liability suits, including Merck & Co., which faces as many as 40,000 claims over its withdrawn Vioxx painkiller, and Ford Motor Co., whose Explorer sport-utility vehicle has spawned hundreds of claims over rollover accidents.
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