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$660M Mellon Estate Battle Must Await State Court Action
Law360 (March 5, 2021, 8:05 PM EST) A Pennsylvania federal judge abstained from a battle between the claimants to a $660 million trust established by members of the Mellon banking and oil dynasty, holding that a state court s experience with the intricacies of the long-running dispute outweighed federal jurisdiction.
Friday s order stays a federal action pending the resolution of a parallel state court case brought by the Jennie K. Scaife Charitable Foundation, which alleges that the individual trustees and corporate trustee PNC Bank failed to divide a grandchildren s trust between siblings Jennie and David Scaife before Jennie s 2018 death deprived the foundation of a $330 million inheritance..
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Business Secretary co-chairs UK Steel Council meeting 5 March 2021
As part of the UK government’s regular and ongoing engagement with the steel industry, Business Secretary Kwasi Kwarteng today re-established and co-chaired the latest UK Steel Council meeting, with representatives from the 6 major steel companies in the UK, as well as UK Steel, the sector’s trade association, trade unions and the Devolved Administrations in attendance.
The Business Secretary opened the call reiterating the UK government’s commitment to levelling up the country and protecting jobs as we build back better from the pandemic. He noted the newly constituted Steel Council offers the forum for government, industry and trade unions to work in partnership on the shared objective of creating an achievable, long-term plan to support the sector’s transition to a competitive, sustainable and low carbon future.
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An Allegheny County judge has approved a settlement in the long-running battle over a 1935 trust left to conservative philanthropist Richard Mellon Scaife.
Common Pleas Judge Joseph K. Williams III docketed the order on Dec. 23, which approves a $200 million settlement proposed by some of the parties nearly one year ago.
Scaife, who owned the Tribune-Review, died on July 4, 2014.
His mother, Sarah Mellon Scaife, established a trust for him in 1935. According to the court, Richard Scaife made requests for distributions from that trust from 1996 through 2014. At the time of his death, the trust, which at one time had $450 million, had been depleted.
Credit: (L) Yolanda Leenders-Goulding; (R) Salk Institute.
LA JOLLA (December 10, 2020) When you touch a hot stove, your hand reflexively pulls away; if you miss a rung on a ladder, you instinctively catch yourself. Both motions take a fraction of a second and require no forethought. Now, researchers at the Salk Institute have mapped the physical organization of cells in the spinal cord that help mediate these and similar critical sensorimotor reflexes.
The new blueprint of this aspect of the sensorimotor system, described online in
Neuron on November 11, 2020, could lead to a better understanding of how it develops and can go awry in conditions such as chronic itch or pain.