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February 2013

Delay Damages in a UM Case are Based on the Molded Verdict and Not the Jury Award

By: Steven M. Liero, Esquire

On December 28, 2012, the Pennsylvania Supreme Court, in Marlette, et al. v. State Farm Mutual Automobile Insurance Company, 57 A.3d 1224 (2012) a series of consolidated cases held that delay damages in an uninsured motorist action are calculated on the verdict as molded by the Court, not on the full amount originally awarded by the jury.

RESCUED FROM THE FISCAL CLIFF – ESATE AND GIFT TAX HIGHLIGHTS OF THE AMERICAN TAXPAYER RELIEF ACT OF 2013

By: Angela B. Kosar, Esq.

Approximately two years ago, President Obama passed sweeping tax changes through the Taxpayer Relief Act of 2010, known then in shorthand as TRA 2010. TRA 2010 contained significant and beneficial changes to the Federal Estate, Gift and Generation Skipping Transfer taxes that had already set in place through the 2001 Bush tax changes, known as the Economic Growth and Tax Relief Reconciliation Act of 2001 (“EGTRRA”). However, TRA 2010 was set to expire on December 31, 2012, along with the 2001 EGTRRA tax changes. As that 2012 deadline approached, the expiration of both of these tax acts threatened to push Americans over the “Fiscal Cliff”. As a sort of preliminary rescue maneuver, President Obama signed the American Taxpayer Relief Act on January 2, 2013 (referred to ATRA 2013).