By Jessica Surber, Attorney
English, Lucas, Priest and Owsley, LLP
When a person is injured because of a defective or unreasonably dangerous product, he or she may be entitled to damages such as payment of medical expenses, reimbursement of lost wages, and compensation for pain and suffering.
Although it is the exception rather than the rule, there is also the possibility of punitive damages in some cases. In order to qualify for a punitive damages award, a plaintiff must show particularly egregious conduct on the part of the defendant (typically, the manufacturer, distributor, or retail seller of the product). Read More
There's an old riddle that asks, "If a tree falls in the woods and no one is there to hear it, does it still make a sound?" We may never know the answer to that question, but it seems that, if a tree located on state property falls onto a car passing over a bridge, there is a good chance that the state's high court will eventually hear about it, especially if there is any question as to whether the injured person's lawsuit was promptly filed.
As we've mentioned before, the statute of limitations is important in any lawsuit, but some cases have other time limitations and procedural requirements that must also be complied with. In cases involving governmental entities, the timing can be especially tricky. Read More
By Elizabeth McKinney, Attorney
English, Lucas, Priest and Owsley, LLP
Many people believe that if you have a will, that document controls who receives every asset you own. But that’s not necessarily true. A will or other similar documents, such a trust, can dictate who gets most assets, but beneficiary designations for certain assets, such as 401(k)s and life insurance, as well as transfer on death or payable on death designations on bank or brokerage accounts, supersede that. Those accounts should be reviewed periodically, but particularly after a major life change such as a death or a divorce.
For example, if you change your will to indicate your new spouse should receive your assets after your death, as you probably should, but you didn’t change the beneficiary for your Individual Retirement Account (IRA), your ex could end up with the proceeds of that account, much to the surprise of your new spouse. Most people set up those accounts and never revisit the information attached to it, which is where problems come in. Read More
By Jessica Surber
Attorney, English, Lucas, Priest and Owsley, LLP
Product liability lawsuits proceed under the theory that manufacturers and sellers should be held accountable for injuries resulting from defects that make a product unreasonably unsafe. As with other lawsuits, a trial court must have jurisdiction (both personal and subject matter) over a defendant before it can proceed to adjudicate the issues between the parties.
Sometimes, a defendant may argue that, although the court technically has jurisdiction over the case, the court should decline to exercise that jurisdiction because justice would be better served in another forum.
In the recent case of Pantuso v. Wright Medical Technology, Inc., a Utah man filed a lawsuit in the Circuit Court of Shelby County, Tennessee, seeking to recover damages resulting from an allegedly defective hip replacement device. Although the defendant manufacturer admitted that its principal place of business was Tennessee, it filed a motion to dismiss the man's complaint on the doctrine of forum non conveniens. Read More
By Elizabeth McKinney, Attorney and Partner
English, Lucas, Priest & Owsley, LLP
Estate planning often involves thinking about things you’d rather not, and perhaps the most unpleasant of tasks is to consider who you’d appoint as guardians for your minor or special needs children in the event of your death. Read More
You aren't just imagining it. There are more commercial trucks on the road than ever before. According to statistics from the trucking industry, around two-thirds of the nation's freight is moved by semi-truck, and it takes about 3.5 million professional truck drivers to make it happen.
Considering the tens of millions of hours these truckers spend on the road, it isn't surprising that truck accidents, too, are on the rise. Here in Kentucky and in neighboring Tennessee, news of a fatal truck accident, especially on an interstate highway, is a common occurrence. Yet, each commercial truck wreck is unique, with its own set of facts and likely causes. Read More
By Nathan Vinson, attorney
English, Lucas, Priest & Owsley, LLP
The IRS is considering changing the way it taxes gambling payouts.
Since 1977, the IRS has required those who won $1,200 or more from slot machines or $1,500 or more from Keno to report and pay taxes on those winnings. We wrote about this rule earlier this year as it pertains to horse racing, a subject near and dear to Kentucky hearts.
After nearly 40 years of this practice, the IRS is considering changing that limit to $600, and casino gaming operators aren’t pleased. Read More
The Huffington Post is in the midst of publishing a 15-part series that details Johnson & Johnson’s push of the anti-psychotic drug Risperdal. The drug was approved for sale in 1994 for patients with psychosis, but was not approved for use in adolescent or elderly patients. Skirting the Food & Drug Administration and the law became the crux of Johnson & Johnson’s aggressive marketing plan, which was designed to make Risperdal the best-selling anti-psychotic drug on the market.
The series is a bombshell. Three chapters of the 15-chapter series have been published by The Huffington Post so far. Every day brings a new chapter – and more tales of how one of the world’s largest pharmaceutical companies pursued sales at all costs. Selling the drug to approved patient groups for FDA-approved uses wasn’t enough for Johnson & Johnson. Drug sales representatives pushed the drug onto doctors who dealt with psychiatric illnesses in children and elderly, and pushed them to prescribed the drug for symptoms such as agitation in the elderly, which is not an approved use. Read More
If you have a financial account in a foreign country with $10,000 or more in it, you are required to report the amount to the IRS once a year. The deadline for filing IRS Form 114, the Foreign Bank Account Report (i.e. the “FBAR”), has always been June 30.
Recent legislation that President Obama signed into law, the Surface Transportation and Veterans Health Care Choice Improvement Act, had a provision to also change the FBAR due date. In addition to changing the date to April 15, which is more in line with other common due dates for various types of tax returns, there is a six-month extension available, making that deadline October 16. But just like other tax filing deadlines, you must request the extension.
The new rule also waives any penalties for someone new to the process who is filing for the first time, a generous provision that will help anyone confused by the rules for FBAR filing. If you’d like to read the IRS guidance on FBARs, you can find it here. Read More
