Home » NEWS » Law & Accounting (page 74)

Law & Accounting

Speed not conceding fight against eminent domain limits

Things haven’t been going Leland Speed’s way in his court challenges to a proposed amendment to the state constitution that would curb Mississippi’s power to take private property for large economic development projects But don’t look for Speed, a real estate executive and interim Mississippi Development Authority chief, to walk away from the fight. “I’m inclined to go forward,” said ...

Read More »

Being right brain/left brain has advantages for Jackson firm GranthamPoole’s Melanie Eubanks

Although she describes herself as one of those individuals who’s both left brain and right brain, Melanie Morrow Eubanks never considered following any career other than accounting. A certified public accountant, she’s been with the Jackson firm of GranthamPoole since 2005. “I took an accounting class in high school and fell in love with the world of accounting,” she said. ...

Read More »

High court: Eminent domain vote a go but later review possible

The Mississippi Supreme Court Thursday dashed Leland Speed’s bid to keep a constitutional amendment limiting eminent domain off Mississippi’s November ballot. But in issuing the 7-2 ruling, the justices said they would be willing to reconsider Speed’s arguments if the amendment passes. The court essentially ruled that it has no jurisdiction over the matter, since no change to state law ...

Read More »

Mega-merger: Watkins Ludlum combining with New Orleans firm

In one the biggest merger and acquisition announcements in the state’s legal community in recent years, Jackson-based Watkins Ludlam Winter & Stennis, P.A., one of Mississippi’s largest law firms, is combining with Jones, Walker, Waechter, Poitevent, Carrere & Denegre, LLP, of New Orleans. The two firms, which announced the merger last week, expect the transaction to be finalized on or ...

Read More »

Regions notes prospect of $300M in new legal losses

Birmingham-based Regions Financial Corp. says it could incur legal losses of up to $300 million on top of the $210 million it paid to settle fraud claims against investment brokerage subsidiary Morgan Keegan by Mississippi and other Southeastern states. In its second quarter 10-Q filing with the U.S. Securities & Exchange Commission earlier this month, the publicly held banking company ...

Read More »

Dissent gets New York AG booted from foreclosure investigative panel

New York Attorney General Eric Schneiderman just couldn’t play nice with his fellow attorneys general in their quest to settle with America’s largest banks and mortgage companies over flawed foreclosures. Iowa Attorney General Tom Miller kicked Schneiderman off the 13-member executive committee of attorneys general he chairs after the New Yorker raised too many objections about a possible settlement with ...

Read More »

According to union lawyer, Public Employment Retirement System chief, options are limited

The head of the Public Employees Retirement System of Mississippi says the $20.7-billion retirement trust fund is constitutionally protected but she doubts the benefits of retirees and public sector workers enrolled in the plan have the same protections. “However, this could be debated,” said Pat Robertson, PERS executive director. She cited a 1986 amendment to the Mississippi Constitution in noting ...

Read More »

Alabama hardball: Birmingham mayor wants private land for ballpark

Baseball in the backyard is an American mainstay. But giving up your backyard for baseball? Birmingham Mayor William Bell is asking his City Council to endorse a plan to seize private property for building a new home for the Birmingham Barons, the city’s AA minor league baseball team that now plays at suburban Hoover’s Regions Park. The project also calls ...

Read More »

State regulating bank subsidiaries until ordered to stop, says top bank supervisor

Mississippi’s Department of Banking has returned to licensing wholly owned subsidiaries of federally chartered banks and thrifts and enforcing their compliance with state financial consumer protection laws. Banking Commissioner John Allison cites the Dodd-Frank Wall Street Reform and Consumer Protection Act as authority for restoration of enforcement powers the state ceded to the Office of the Comptroller of the Currency ...

Read More »

Bank reform sets stage for state, federal regulator spat

With the volumes of rule making required to fully implement the Dodd-Frank Wall Street Reform, observers widely viewed the measure as a regulatory turf war waiting to happen. The waiting is over. The historic reform law, which went into effect July 21, will be the subject of many more months of rule making by federal regulators. But already under challenge ...

Read More »