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March 2010 Newsletter |
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 | The California Supreme Court’s Holding in Schacter v. Citigroup: A Minor Victory for Employers and a Cautionary Tale for Employees
by KATIE McSWEENEY, ESQ. |
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On November 2, 2009, the California Supreme Court issued its decision in Schacter v. Citigroup, 47 Cal.4th 610 (Cal. 2009) and in so doing shed some light on a previously murky area of employment law. Specifically, the court addressed the complex issue of when, exactly, the mere expectation of an employment-related reward or bonus actually matures into a fully vested property right.
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| Medical Device Safety Act – A Fight Against Corporate Immunity
By NEDA SARGORDAN, ESQ. |
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Lawmakers in Washington are working to gain support for passage of legislation that will allow injured patients to hold manufacturers of dangerous and defective medical devices accountable in state courts. Last year, Representatives Henry Waxman (D-CA), Frank Pallone (D-NJ), and the late Senator Edward Kennedy (D-MA), introduced the Medical Device Safety Act to Congress. If passed, this legislation will work to nullify the United States Supreme Court’s 2008 decision in Riegel v. Medtronic, Inc.,1 which strips consumers of their right to bring civil suits against medical device manufacturers in state courts.
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| Client Trust Accounting: A Snapshot of What Lawyers Need to Know
By ADAM KERNS, J.D., C.P.A. |
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Many attorneys feign interest when dealing with anything involving numbers or calculations; however, all attorneys must follow a few basic principles when handling client money. Client trust accounting, defined as the actual accounting done by attorneys with regard to money held in trust (i.e. in an IOLTA), means more than simply depositing money into that IOLTA. Attorneys must keep detailed records and an up-to-date accounting of each client’s money held in trust.
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