EU currency could void contracts; so U.S. lawyers lobby to amend state contract law

Article Abstract:

US business enterprises with international contracts fear that the new European currency will void older contracts payable in other European currencies, and are trying to protect such contracts in US state courts. The most vulnerable contracts are ones for derivatives, bonds, securities or currency swaps. The 15 European Union countries have also recognized the issue, and have agreed to assure the continuity of older contracts after the new currency is introduced.

Europe, Laws, regulations and rules, International aspects, International business enterprises, Multinational corporations, Contracts, Eurocurrency market, states

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Court rejects settlement class actions; asbestos ruling could unravel other agreements

Article Abstract:

The US Supreme Court ruled in Amchem Products, Inc. v. Windsor that mass settlements must assure fair representation for all those affected, meaning that future tort suits on behalf of multiple plaintiffs must divide claiman ts into clearly defined subcategories. The opinion establishes ground rules for the advisory committee of the Administrative Office of the US Courts, working to rewrite Federal Rule of Civil Procedure 23, which governs class actions.

United States, Class actions (Civil procedure), Compromise and settlement, Class action lawsuits, Settlements (Law), Negotiation, mediation and arbitration, Product liability, Products liability, Asbestos

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Ruling broadsides whistleblower

Article Abstract:

Labor Secretary Robert E. Reich has reversed a finding of discrimination against whistleblower Andrew Bartlik, former employee of the Tennessee Valley Authority's Sequoyah Nuclear Power Plant. Employee rights advocates are dismayed and hope the decision came from Reagan-Bush holdovers still at Department pending the naming of Clinton Administration appointees. This case pertained to the Atomic Energy Act's whistleblower protection provisions.

Whistle blowing, Whistleblowing, Employment discrimination

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