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Former Qwest CEO Nacchio due in court Tuesday
Business |
2010/05/05 06:53
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Former Qwest Communications International Inc. CEO Joe Nacchio is set to appear in federal court in Denver to say whether he wants to waive his right to attend his re-sentencing hearings. U.S. District Judge Marcia Krieger wants to see Nacchio in person Tuesday before allowing him to skip hearings in June where she will recalculate his sentence for insider trading convictions. An appeals court ruled that Nacchio's original sentence of six years in prison, plus $71 million in fines and forfeitures, was too harsh. Nacchio has started serving his sentence at a prison in Pennsylvania. Online federal prison records show he was moved to a low-security facility in Englewood, Colo., before the hearing Tuesday.
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Law firm Cole Schotz comes to Texas
Law Firm News |
2010/05/05 05:56
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New Jersey law firm Cole, Schotz, Meisel, Forman & Leonard has hired a trio of Fort Worth bankruptcy attorneys. Michael Warner, Emily Chou and Rachel Obaldo have joined the firm. The three were formerly with the firm WarnerStevens LLP, which is dissolving. They will open a new office for Cole Schotz in Fort Worth. The move is the firm's first expansion into Texas. It also has offices New York, Delaware Maryland and Texas.
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Perry: Don't speculate about oil spill
Political and Legal |
2010/05/05 05:53
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Texas Gov. Rick Perry said Tuesday it's not wise to speculate about what caused an explosion and massive oil spill in the Gulf of Mexico, and he defended his use of the term "act of God" to describe the disaster. Perry said Tuesday the phrase — which he used in a speech in Washington, D.C., on Monday when discussing the spill — is a legal definition and that his point is "nobody knows what happened" at the oil rig off the Louisiana coast. The undersea well has been spewing 200,000 gallons of oil a day. The giant oil slick is threatening the Gulf Coast from southeastern Louisiana to Florida. Rig operator BP PLC has been trying unsuccessfully to cap the leak, which began April 20. "If you will go look up the definition of 'Act of God,' we've used it in legal terms for a long time in this state," Perry told reporters outside the Texas Capitol. "It may be an accident and it may be something else," he said. The Democratic group Lone Star Project criticized the Republican governor's remarks as "detached arrogance." "Eleven men died when the drilling platform exploded. Hundreds of miles of coastland could be damaged for years and even decades. The families of those who died and the victims of the environmental damage deserve a full accounting for the human errors that caused the failure at the rig, the death of loved ones and the spoiling of our Gulf coastline," said Matt Angle, director of Lone Star Project.
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French court refuses extradition of Iranian to US
International |
2010/05/05 03:52
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A French court on Wednesday turned down a U.S. request for the extradition of an Iranian engineer who is accused of violating an export embargo by purchasing U.S. technology for military firms involved in Iran's nuclear program. The United States says Majid Kakavand, 37, bought sensitive American electronics over the Internet and disguised that their final destination was Iran by routing them through Malaysia, where he had set up a front company. Kakavand's case and several others have showcased how the United States is doggedly going after people accused of procuring technology or weapons for Iran's military, in many cases seeking help from foreign countries. Yet the court's ruling shows that such cooperation is not simple. Kakavand's case has dragged on for 14 months since his arrest as officials tried to determine if his business dealings violated French law as well as U.S. law. The court could not hand him over merely for breaking U.S. laws that have no counterpart in France. The case has sensitive diplomatic implications in three countries — especially in France, which has taken a tough stance on Iran's nuclear ambitions but nonetheless has business and oil interests there. Another source of diplomatic tension is the case of a young French academic in Iran who pleaded innocent to spying charges at a mass trial.
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Florida governor: Lawsuit against BP PLC possible
Court Watch |
2010/05/05 02:55
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Florida Gov. Charlie Crist said Tuesday it is "within the realm of possibility" that the state will sue BP PLC over any damage the Gulf oil spill causes. Crist made the comment after meeting with workers at the Escambia County emergency operations center. He said a decision would come soon. BP announced Tuesday that it was giving the state an initial $25 million to cover costs its incurred preparing for the oil's arrival. Crist said that while it remains unclear when the spill might reach Florida or what its affect would be, the state needs to be prepared. The state Department of Environmental Protection says no landfall is expected in Florida through Thursday. The department is taking air and water samples and about 20 miles of boom has been laid off the Panhandle coast to protect environmentally sensitive areas. Crist has declared a state of emergency in 19 counties from Escambia in the Panhandle to Sarasota in southwest Florida.
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Hogan Lovells merger makes firm one of largest in U.S.
Law Firm News |
2010/05/04 08:55
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Over the years, Hogan & Hartson has made no secret about its intention to expand. In 1990, the Washington law firm opened its first international outpost, in London.
After Chairman Warren Gorrell took the helm in 2001, firm revenue doubled as he supervised the acquisition of offices in Munich, Beijing and Abu Dhabi. But the firm's growth has mostly occurred in fits and starts by snapping up smaller offices in the United States and abroad -- until May 1 when the already big firm doubled in size after formally completing its merger with Lovells, a London-based firm with a similar growth strategy and 29 offices worldwide. The combination is likely to propel the longtime D.C. firm into the top three among U.S. firms in both the number of attorneys and gross revenue.
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High court turns down Delaware over sports betting
Court Watch |
2010/05/04 08:53
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The U.S. Supreme Court on Monday rejected an appeal in which Delaware sought to expand its sports betting lottery beyond professional football.
The justices denied Delaware's petition for judicial review without comment, leaving in place a ruling by the U.S. Third Circuit Court of Appeals in Philadelphia that limits sports betting in Delaware to multi-game, or parlay, bets on National Football League games. The appeals court heard arguments last August on a request by the NFL and other sports leagues for an injunction to prevent Delaware from starting sports betting with the launch of the NFL season. But instead of ruling on the injunction, the appeals court turned directly to the leagues' claim that Delaware's proposal to allow single-game bets on a variety of professional and collegiate sports would violate a 1992 federal ban on sports wagering. The court declared that the state's new sports betting lottery had to be similar to the betting scheme used in a failed 1976 National Football League lottery that allowed Delaware to be one of only four states to receive grandfathered exemptions from the federal ban. The ruling stunned attorneys for the state, who were not given the opportunity to defend the merits of the sports betting proposal. Gov. Jack Markell subsequently approved an appeal to the Supreme Court that was funded by Delaware's three slot-machine casinos, which have exclusive rights to offer sports betting. |
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