clawback : Definition, Usages, News and More

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clawback


  • n  finding a way to take money back from people that they were given in another way
    the Treasury will find some clawback for the extra benefits members received
News & Articles

  • Law Firm Sued After Client Loses All to Pin-Up Ex-Wife
    On the advice of his attorney, James Greiff, facing a $2 million clawback suit from the trustee in the Bernard Madoff Ponzi scheme case, agreed to place all his assets in his wife's name. Lana Landis, who is a pin-up model, filed for divorce three months later. Now Greiff is suing Becker & Poliakoff, which has denied the allegations.
    July 18, 2013 - Law.com
Quotes

  • Gordon Brown in guardian.co.uk
    Remuneration has got to be based on long-term success, not short-term speculative deals,Brown tells today's Financial Times. "There's got to be a clawback system in remuneration itself : if things are not working in year two."
  • John Brumby in Sydney Morning Herald
    We've got a GST clawback that adds no new money to the system (and) we've got a health system that's proposed to be run out of Canberra,Mr Brumby said. "It is for those two fundamental reasons that Victoria cannot and will not support the...
  • Greg Abbott in Dallas Morning News
    This so-called Medicare 'clawback' formula, whereby states are called on to fund a benefit offered by the federal government, will have some states like Texas wallowing in red ink for several years,Abbott said.

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