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Meinhard v. Salmon, 164 N.E. 545 (N.Y. 1928), is a widely cited case in which the New York Court of Appeals held that partners in a business owe fiduciary duties to one another where a business opportunity arises during the course of the partnership.
Philadelphia International Airport is an important component of the economies of Philadelphia, the Delaware Valley metropolitan region to which it belongs, and Pennsylvania. The Commonwealth's Aviation Bureau reported in its Pennsylvania Air Service Monitor that the total economic impact made by the state's airports in 2004 was $22 billion.
Liverpool, New York & Philadelphia S. S. Co. v. Commissioners of Emigration, 113 U.S. 33 (1885), was a case decided by the United States Supreme Court, in which the Supreme Court held that courts should not prematurely determine a statute applies or does not apply to a given case based solely on pleadings and the text of the statue without considering the evidence.
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In Philadelphia Park Amusement Co. v. United States, 126 F. Supp. 184 (Ct. Cl. 1954), the United States Court of Claims ruled that the cost basis of property received in a taxable exchange is the fair market value of the property received. [1]
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Penn Central Transportation Co. v. New York City, 438 U.S. 104 (1978), was a landmark United States Supreme Court decision on compensation for regulatory takings. [1] Penn Central sued New York City after the New York City Landmark Preservation Commission denied its bid to build a large office building on top of Grand Central Terminal.
The Federal Aviation Administration confirmed the Learjet 55 departed from Northeast Philadelphia Airport and crashed around 6:30 p.m. Friday as it was headed to Springfield-Branson National ...