In this morning's Michigan news headlines. . .

Nov 21, 2012

Feds accuse Supreme Court Justice of fraud

"Michigan Supreme Court Justice Diane Hathaway faces a federal civil lawsuit. It accuses Hathaway and her husband of hiding assets to qualify for a short sale on a $1.5 million home. Hathaway and her attorney have also tried to tamp down rumors that she is about to resign from the state’s highest court. Sources inside the Michigan Hall of Justice say Hathaway has cleared out her personal belongings from the state Supreme Court offices in Lansing. Hathaway sent an e-mail to her fellow justices saying she is not stepping down," Rick Pluta reports.

U of M doctor involved in insider trading scheme

"A University of Michigan doctor is at the center of what's possibly the most lucrative insider trading scheme ever. Sidney Gilman is an Alzheimer's expert. He's also a paid consultant for a hedge fund investing in Alzheimer's drugs. The Department of Justice alleges Gilman gave the hedge fund secret information: namely, that a major drug test by the company Elan was getting bad results. At a press conference, the F-B-I's April Brooks says Gilman and the hedge fund investor, knew sharing that information was illegal," Kate Wells reports.

Bill would allow a 12-week-old fetus to be claimed as dependent

State lawmakers are considering legislation that would let parents claim a fetus as a dependent on their tax returns. As Mlive reports,

"Michigan lawmakers may consider allowing a fetus of at least 12 weeks to qualify as a dependent for state income tax purposes -- a move that if put into law might be the first of its kind in the nation. . . A representative of the Michigan Family Forum, which supports the bill, said it could translate to a $160 savings that could be used for prenatal care or other purposes. But critics called the measure divisive and said it appeared to be a move to lay the groundwork to fight against abortions."