Texas Tribune Daily Brief
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| Threat of Pay 'Clawbacks' May Be as Powerful as Recoveries | | The S.E.C.'s proposal for new corporate clawback rules will apply to almost every company that is traded on one of the stock exchanges. The Dodd-Frank financial overhaul law requires the S.E.C. to adopt rules that require a company to establish a program to reclaim "incentive-based compensation" for up to three years if it ever restates its financial reports because of "material noncompliance" with accounting rules. After a comment period. The new rules would allow recovery from a much broader range of executives. This is a strict liability regime: If a company issues a restatement involving material changes, a number of its officers are at risk of being forced to repay part of their bonuses.
PETER J. HENNING, Wall Street Journal - $$ Subscription Required 07/07/2015   
| | Read Article: Wall Street Journal - $$ Subscription Required($) |
| Family Sues Dallas Spine Center After Father's Death |  | A Minnesota family has filed suit against Dallas-based North American Spine and some of its partner medical facilities claiming negligence in treatment of their father (Paul Trevithick) lead to his death. An attorney who represents the family said after the first procedure in April didn't ease Trevithik's pain, he set a second one for September 17. The suit alleges that as Trevithick returned home to Minnesota, spinal fluid leaked through his body to his brain. His cause of death two weeks later was meningitis.
Marie Saavedra, WFAA.com 07/07/2015 | | Read Article: WFAA.com |
| Attorney: Woman's Death Resulted from Conscious Indifference | | Kristy Stingley was rushed to the Arlington Memorial Hospital emergency room in December 2013. Her husband said she had a seizure and was incoherent. Her CT scan shows clearly-defined dark blotches. Doctors sent Stingley home with a possible sinus infection. Stingley said the second seizure came five hours later. Kristy didn't recover. An attorney for the family says only gross negligence explains it. Under Texas tort reform law, families must prove gross negligence in order to collect any damages for ER mistakes.
Jim Douglas, WFAA.com 07/07/2015 | | Read Article: WFAA.com |
| $1.3 Million Settlement in Infant Death at Military Hospital | | The U.S. government will pay $1.3 million to the family of a baby who died at a Hawaii military hospital, according to a settlement announced Monday in a medical malpractice lawsuit. Rachael Reynolds' parents sued the government after the 4-month-old died three years ago at Tripler Army Medical Center.
Associated Press, The New York Times 07/07/2015 | | Read Article: The New York Times |
| Farmers to Pay $84M Settlement Over Coverage | | Farmers Insurance Group will pay $84.4 million to settle a 2002 lawsuit that said Texas policyholders unknowingly paid higher premiums for less coverage. The settlement announced Monday involves state claims of violations of the Texas Deceptive Practices Act and the Texas Insurance Code.
Associated Press, Waco Tribune Herald 07/07/2015 | | Read Article: Waco Tribune Herald |
| Texas Man Arrested in Biker Shootout Will Refile Lawsuit | | A Texas business owner who was jailed after the biker shootout in Waco is dismissing his federal lawsuit against the city and McLennan County but says he plans to refile. The plaintiff owns a landscaping business and alleged in the lawsuit that his business suffered after he was arrested along with 176 other bikers in May. The 30-year-old, who is a member of the Scimitars Motorcycle Club, also alleged in the lawsuit that he was wrongfully jailed in connection with the shootout. The plaintiff says that he plans to refile the already once-amended lawsuit and will be adding Waco Police Chief Brent Stroman as a defendant.
Tommy Witherspoon, Waco Tribune Herald 07/06/2015 | | Read Article: Waco Tribune Herald |
| Car Dashboards That Act Like Smart Phones Raise Safety Issues | | When it comes to dashboard displays that are more like smart phones, two things are clear: Customers want them, and automakers are intent on supplying them. But the increasingly elaborate screens have also sparked a broad debate about how much technology is appropriate in a car. "You can't be looking at a screen and be looking at the road at the same time," said David Strayer, a professor of cognition and neural science at the University of Utah, who has written several studies on distracted driving. The screens "are enabling activities that take your eyes off the road for longer than most safety advocates would say is safe."
Reuters, The New York Times 07/07/2015 | | Read Article: The New York Times |
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