(Lack of) Attention to Detail: A Philadelphia lawyer had his attorney fees cut by more than $150,000 after a judge saw the lawyer’s petition for attorney fees was filled with typos and other errors, according to The Legal Intelligencer. Brian Puricelli filed the petition after securing a jury verdict of $150,000 in a civil rights suit.
Defective Vests Costs Armor Holdings: BAE Systems’ Armor Holdings Products unit will pay $30 million in a settlement after the Department of Justice alleged the company knowingly sold defective bulletproof vests used by U.S. police and emergency workers between 2000 and 2005, according to Reuters. Armor Holdings, a subsidiary of BAE, will foot the bill and says it agreed to the settlement to avoid the costs of and uncertainty of litigation.
Presidential Candidates Meet Again: The two presidential candidates squared off last night in Nashville, Tenn., in the second of three scheduled presidential debates. Sen. Barack Obama and Sen. John McCain met in front of 80 voters in a town-hall-style meeting according to The New York Times and focused largely on the economic crisis.
Fed Cuts Interest Rate: The Federal Reserve and several European central banks announced it would cut the target federal funds rate to 1.5 percent from 2 percent. The Washington Post reports the decision came after U.S. market futures showed signs Wall Street would struggle again today.