Question:
Coleco Industries Inc., a once high-flying toy maker whose stock peaked at $65 a share in the early 1980s, filed a Chapter 11 reorganization plan that provides just 1.125 cents a share for common stockholders. Under the plan, unsecured creditors, who are owed about $430 million, would receive about $92 million, or 21 cents for each dollar they are owed. In addition, they will receive stock in the reorganized company, which will be named Ranger Industries Inc. After these payments, about $225,000 will be available for the 20 million common shares outstanding. The Avon, Conn., company's stock hit a high in 1983 after it unveiled its Adam home computer, but the product was plagued with glitches and the company's fortunes plunged. But Coleco bounced back with the introduction of the Cabbage Patch dolls, whose sales hit $600 million in 1985. But as the craze died, Coleco failed to come up with another winner and filed for bankruptcy-law protection in July 1988. The plan was filed jointly with unsecured creditors in federal bankruptcy court in New York and must be approved by the court. After reading the above, is "21 cents for every dollar" the correct answer to the question "What will unsecured creditors receive as a result of Coleco's Chapter 11 reorganization plan?"?

Answer:
yes

Question:
Life for the partners of Cates, Katalinic & Lund holds little of the glamour one might expect from a career in law. Instead of lunches at Lutce, they caucus at the Palace Diner in Queens. Wooing clients means passing out fliers on street corners, not securing box seats at Madison Square Garden. To make ends meet, one partner stacks pipe and cleans the yard at a plumbing warehouse. Another handles urine samples in a hospital lab. A sign of failure, of a feeble economy, perhaps? Hardly. They are heeding the call of a growing pool of law schools, which are for the first time pointing graduates in a new direction and teaching them how to get there. Forget the lure of large firms, the security of a government post. Here is how to grapple "in the service of justice," as many of the schools put it, instead. Convinced that corporate largess and government programs barely dent the nation's legal needs, the law schools are urging graduates to buck tradition, pass up big salaries and ignore mushrooming student debt to join tiny neighborhood practices or simply start their own, all with an eye toward charging no more than their clients can afford. This is not pro bono legal work; it is "low bono," a term the schools coined to define the atypical kind of law career they are training students for. While its practitioners do charge for their services, they are also dead set on turning no one away - or at least as few as possible. "When you go into this kind of social justice law, it's really brutal and you're almost guaranteed to struggle for a couple of years before there's a light at the end of the tunnel," said Fred Rooney, director of the Community Legal Resource Network at City University of New York School of Law, from which the lawyers of the newly formed Cates, Katalinic & Lund graduated last May. "But if our graduates don't do it, the millions of people who cannot access justice in this country will continue to soar." The movement, primly called the consortium, started four years ago by CUNY, Northeastern University, the University of Maryland and St. Mary's Law School in Texas. (St. Mary's later dropped out.) Since then, it has drawn seven additional law schools to its ranks: the University of Michigan, Rutgers and Syracuse Law Schools, New York Law School, University of New Mexico School of Law, Thomas M. Cooley Law School and Touro Law School. It has elicited at least initial interest from 19 more. After reading the above, is "St Marys Law School" the correct answer to the question "What was the first educational institution in Texas to leave "The consortium" of schools?"?

Answer:
yes

Question:
California lags far behind comparable states in funding legal services for the poor, a situation so dire that only 28 percent of the civil legal needs of the state's poor and lowerincome residents are being addressed. That figures translates into 2 million people without the ability to access the justice system, according to a new study by the California Commission on Access to Justice, which also found that despite increased spending, the gap between need and services remains substantial. "As a practical matter, in most cases there can be no access to justice without access to legal assistance," said Jack Londen, past commission chair and a partner with Morrison & Foerster in San Francisco. "Whether we like it or not, sometimes landlords illegally evict tenants, children with disabilities are denied proper care, veterans don't get services guaranteed to them, and elderly people need legal assistance to escape the abuse of a caregiver." California has the highest number of people in poverty in the nation - 6.4 million, including nearly one in five children. Half the nation's increase in poverty in the 1990s, when the number of poor jumped 30 percent, occurred in California, and nearly 25 percent of the nation's poverty increase occurred in Los Angeles County alone. Even those with jobs are suffering: 26 percent of California workers earn poverty level wages. The commission's report, "The Path to Equal Justice: A Five-Year Status Report on Access to Justice in California," examined how the legal needs of the state's poor have changed in the last five years as well as both the shortcomings of the justice system and the improvements during that period. Despite increases in state funding to meet the legal needs of the poor, low interest rates (which have reduced the IOLTA fund), high unemployment and the present economic downturn have threatened any gains. After reading the above, is "New York State" the correct answer to the question "High unemployment and the present economic downturn have threatened any gains in which state?"?

Answer:
no

Question:
(CNN) -- Tito Joseph "TJ" Jackson, who on Wednesday was named temporary guardian of Michael Jackson's three children, was inspired by his famous uncle to form a singing group with his brothers. TJ had been placed in charge of the children when the kids' grandmother, Katherine, left home on July 15 and will watch the children while the legal proceedings play out in a California court. TJ Jackson, 34, is the son of Tito Jackson and the late Delores Martes Jackson. TJ and his older brothers, Taj and Taryll, form the R&B group 3T. Jackson is married with three children, a boy and two girls. Judge suspends Katherine Jackson as guardian of Michael Jackson's children A 1995 article in People described the brothers' childhood as normal despite their famous father, uncle and aunts. Taj Jackson told the magazine: "My mom made sure that we had a real childhood, with birthday parties, baseball, family outings, all that stuff." They were close to their Uncle Michael. "He's like a third parent to us," Taj told People in 1995. Eventually the brothers went along on one of his tours and decided to form a singing group and were recording their first album in 1994 at the time of their mother's death. Initially it was believed Delores Martes Jackson, who had divorced from Tito Jackson in 1993, drowned in a swimming pool, but the case was reopened, and her sons in 1995 filed a wrongful-death lawsuit against a man they accused of killing her. Three years later, Donald Bohana was convicted of second-degree murder and sentenced to 15 years to life in prison, according to People magazine. After reading the above, is "Taj and Michael; 2T" the correct answer to the question "Who are Tito Joseph "TJ" Jackson's older brothers and what group did they form?"?

Answer:
no