Archdiocese Receives 134 Claims For Clergy Abuse Funds
Archdiocese Receives Claims For Clergy Abuse. More than 130 people are seeking payment from a $3 million fund that was created last year to compensate victims of clergy abuse in the Archdiocese of Cincinnati. Officials overseeing the fund announced the total Thursday, a day after the Sept. 1 deadline for filing … [Read more...] about Archdiocese Receives 134 Claims For Clergy Abuse Funds
Almost $7M More Found in Madoff Funds
$7 Million in Six Madoff Accounts. Irving Picard, the special trustee investigating Bernard Madoff’s bogus financial schemes has found close to $7 million in six Madoff accounts at Bank of New York Mellon Corporation, reports Newsday, citing bankruptcy court papers. According to the article, the accounts range in size from 5,372 to … [Read more...] about Almost $7M More Found in Madoff Funds
BP Oil Spill Compensation Claims Still a Slow Go
Low Turnout Of BP Oil Spill Compensation Claims. BP oil spill compensation fund’s administrator will improve the claims process, but questionable claims and outright fraud continue to slow down efforts to get funds to economic victims of the disaster. BP agreed over the summer to fund the $20 billion compensation … [Read more...] about BP Oil Spill Compensation Claims Still a Slow Go
Some Doctors Looking to Cut Industry Funding
Doc Group Want To Cut Industry Funding. The number of groups looking to address potential conflicts-of-interests between doctors and the medical products industry continues to increase. The Wall Street Journal (WSJ/The Journal) is reporting that a group of doctors and researchers is now urging medical associations to significantly … [Read more...] about Some Doctors Looking to Cut Industry Funding
Stimulus Has Funds for Comparing Medical Treatments
Measure allows for medical treatment efficacy comparison. The U.S. economic stimulus plan just approved by Congress has within it a provision to fund a measure that allows for medical treatment efficacy comparison, reported UPI. President Barack Obama is expected to sign the legislation into law tomorrow. As part of the plan, … [Read more...] about Stimulus Has Funds for Comparing Medical Treatments
Fremont Funds Face SEC Action
Fremont Investors Improper Trades. The list of mutual fund scofflaws keeps growing. San Francisco-based Fremont Investment Advisors is the latest money manager to disclose that securities regulators are poised to charge the firm for permitting wealthy investors to make improper trades. Fremont, which manages Fremont Mutual … [Read more...] about Fremont Funds Face SEC Action
Funds Request Filed By Telecom
Telecom Filed For Bankruptcy. WorldCom has asked for Bankruptcy Court permission to pay 7,100 employees more than $9 million it has promised them from sales and promotions contests. As they did with severance payments, bankruptcy rules prevented WorldCom from paying workers any more than $4,650 it owed them in supplemental income … [Read more...] about Funds Request Filed By Telecom
