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Rockton residents living with 3 miles of the Chemtool industrial fire have reached a preliminary settlement with the company. ... The class-action lawsuit only applies to property damage. Lawsuits ...
A former longtime land partner in the Catawba Indians’ $700 million North Carolina casino has sued the tribe over trespass and property damage claims. In its lawsuit, Kings Mountain Land ...
Factors Affecting a Lawsuit Settlement how to avoid paying taxes on a lawsuit settlement According to Internal Revenue Code Section 61, all payments from any source are considered gross income ...
To warrant the award, the claimant must show that a breach of duty has caused foreseeable loss. To be recognized at law, the loss must involve damage to property, or mental or physical injury; pure economic loss is rarely recognized for the award of damages. [2]
In the United States, for federal taxes payable to the IRS, the money awarded in a personal injury settlement as compensation for pain and suffering, medical expenses and property damage is not ordinarily taxable. Exceptions may apply, for example, if a plaintiff took a tax deduction in a prior year for medical expenses that are recovered ...
The class-action lawsuit seeks reimbursement for individuals' property destroyed in the fire on March 23, 2021, to the facility at 65 Lafayette St. in Spring Valley.
The settlement of the lawsuit defines legal requirements of the parties and is often put in force by an order of the court after a joint stipulation by the parties. In other situations (as where the claims have been satisfied by the payment of a certain sum of money), the plaintiff and defendant can simply file a notice that the case has been ...
Many of these cases have lead to class action lawsuits and proceedings by the Federal Trade Commision (FTC), resulting in a number of settlements worth millions — or even billions — of dollars ...
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