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Shapiro & Fishman accuses McCollum of grandstanding
Legal Business | 2010/08/23 03:42

Law firm Shapiro & Fishman has accused Attorney General Bill McCollum of pre-election grandstanding and “abuse of power” in connection with McCollum’s recent announcement that his office is conducting a foreclosure fraud investigation into that firm and two others.

The allegations are in response to a coordinated investigation announced by McCollum during an Aug. 10 press conference. McCollum said his office is looking at whether the three South Florida firms engaged in unfair and deceptive actions in their handling of foreclosure cases.

The other firms were the Law Offices of Marshall C. Watson in Fort Lauderdale and the Law Offices of David J. Stern, P.A. in Plantation.

The firm’s response came Friday in a motion to quash a subpoena in Palm Beach County Circuit Court.



ACLU sues over detention in United Arab Emirates
Law Center | 2010/08/20 08:35

American Civil Liberties Union lawyers filed a lawsuit Wednesday against the FBI, CIA and other federal intelligence agencies, accusing them of detaining and torturing an American citizen later convicted on terrorism charges in the United Arab Emirates.

The lawsuit filed by the ACLU of Southern California seeks information about the treatment of Naji Hamdan, an American of Lebanese origin who was arrested in the United Arab Emirates in August 2008.

The ACLU accuses U.S. agencies of colluding with United Arab Emirates security forces, which kept Hamdan in a secret prison in Abu Dhabi without charging him with a crime until an earlier lawsuit by the rights group prompted his transfer to an official prison.

Hamdan, 44, who now lives in Lebanon with his family, was released in October 2009 after being convicted and sentenced to time served.

The former auto parts dealer and manager of the Hawthorne Islamic Center in Southern California has said he confessed under torture and suspected that U.S. authorities played a role in his detention and prosecution.



EU court exempts Inuit hunters from seal ban
International | 2010/08/20 05:34

The European Union's high court temporarily exempted Inuit hunters in Canada and Greenland on Friday from the bloc's new trade ban on seal products, while asking European Parliament and EU governments to justify the ban.

Indigenous people had argued their livelihoods depend on their ability to hunt seals and export products such as seal meat, pelts, blubber, organs and oil used in producing omega-3 fatty acid supplements.

They said the EU ban on seal products, which went into effect Friday, disproportionately impacted their traditional way of life.

EU governments have argued that Canada's annual seal hunt was inhumane in allowing pups to be clubbed to death so their pelts would not be damaged by bullets or blades.

The Inuit account for only 1 percent of Canadian seal imports into the EU. These amounted to euro4.1 million last year, according to EU data.

The International Fund for Animal Welfare, which lobbied intensely for the ban, said it hoped Friday's exemption was short-lived.

"We expect this to be a brief delay in the full implementation of the EU seal ban," group spokesman Adrian Hiel said.



Ex-NASA official pleads guilty in contracts case
Court Watch | 2010/08/20 05:29

NASA's former chief of staff has pleaded guilty to conspiracy in a case stemming from a $600,000 contract for Mississippi State University, a client of his consulting firm.

Sheila Wilbanks, a U.S. Attorney's office spokeswoman, said Courtney Stadd pleaded guilty Wednesday in federal court in Gulfport, Miss.

Stadd faces up to five years in prison at sentencing on Nov. 18.

Prosecutors say Stadd conspired with Liam Sarsfield, NASA's former chief deputy engineer, to guide contracts. Sarsfield pleaded guilty in November to one count.

Stadd was NASA's chief of staff and White House liaison from 2001-2003. Stadd was convicted in 2009 and sentenced to probation in a different case for steering a $10 million contract to MSU.



Intel to Buy McAfee for $7.68 Billion to Add Software
Mergers & Acquisitions | 2010/08/19 07:12

Intel Corp. agreed to buy McAfee Inc. for $7.68 billion, its biggest-ever acquisition, adding security software to its chipmaking arsenal.

McAfee investors will receive $48 a share in cash, Santa Clara, California-based Intel, the world’s largest chipmaker, said in a statement today. That’s 60 percent more than McAfee’s closing price yesterday. Both boards have unanimously approved the deal, Intel said.

The acquisition of McAfee, which trails Symantec Corp. in security software, will give Intel an advantage over other chip companies that must use outside security programs, said Hans Mosesmann, an analyst at Raymond James Associates in St. Petersburg, Florida. The deal also helps Intel expand beyond PCs as Chief Executive Officer Paul Otellini is trying to break into mobile handsets and grow in other portable devices.

“Their ability to be successful in the non-PC market, and even in the PC market, is going to depend more on system solutions, and security is becoming a really big deal,” said Mosesmann. “The security threats that are out there are not going away -- you could argue that they are going to get worse - - and having a tightly coupled hardware and software is a strategic advantage.”



Calif. Supreme Court OKs Schwarzenegger furloughs
Political and Legal | 2010/08/19 07:10

The California Supreme Court says furloughs of state workers can resume while it reviews whether governors have the authority to mandate unpaid days off.

The announcement Wednesday was a victory for Gov. Arnold Schwarzenegger, who has sought to save the state money by imposing another round of furloughs.

Schwarzenegger spokesman Aaron McLear says furloughs for about 150,000 state workers will begin Friday.

The Republican governor recently ordered workers to be furloughed three days a month, following a previous round that ended in June. McLear says the furloughs are estimated to save the state $150 million a month.



Stocks drop as jobless claims rise unexpectedly
Business | 2010/08/19 06:11

Stocks fell Thursday after the Labor Department said claims for unemployment benefits rose unexpectedly last week, renewing concerns about the pace of the economic recovery.

The disappointing news about the jobs market came minutes after news that Intel Corp. was acquiring McAfee Inc. The deal, valued at $7.68 billion, helped to cushion the blow from the jump in unemployment benefit claims.

The Dow Jones industrial average fell 29 in early morning trading. Broader indexes also fell.

The two announcements are the latest to provide a conflicting picture of the recovery. Economic reports have regularly shown the pace of a rebound is slowing and companies are skittish about adding new workers. That has hurt stocks on some days in recent weeks. It has also stoked fears about the economy falling back into recession.

At the same time, corporate announcements, including earnings reports for the past six weeks, have largely showed companies are doing well. Mergers and acquisitions activity is often considered a positive sign because it means companies are willing to spend money to grow their businesses and are confident that prospects are improving.



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