Today's Date: Add To Favorites
NY court document reveals names of Madoff clients
Breaking Legal News | 2009/02/05 08:26
The names of several thousand clients who lost money investing with Bernard Madoff have been released in a court filing that reads like a Who's Who: former Los Angeles Dodgers pitcher Sandy Koufax, actor Kevin Bacon and even Madoff's defense lawyer.


The names, including those of Madoff's relatives, numerous celebrities, dead people and charitable institutions, are listed on a 162-page document filed late Wednesday in U.S. Bankruptcy Court in Manhattan.

Each page carries 84 single-spaced lines. Some investors are listed multiple times, presumably because they had multiple accounts.

The clients include prominent people and institutions that already have been publicly revealed, such as the Wilpon family, owner of the New York Mets. The amount each person or institution invested with Madoff isn't listed.

One client listed is Ira Sorkin, the attorney who is defending Madoff against charges he perpetrated the biggest financial fraud in history. Others include Madoff's wife, sons, brother and other relatives.

The list was compiled by AlixPartners LLP, a Dallas company hired as claims agent by the trustee overseeing the liquidation of Bernard L. Madoff Investment Securities LLC.

Prosecutors say Madoff has admitted he lost more than $50 billion belonging to investors. Defense lawyers say he has cooperated with authorities to help identify assets.

Madoff hasn't been indicted. He's being held under house arrest at his multimillion-dollar penthouse.



Banks could still find wiggle room in pay caps
Corporate Governance | 2009/02/05 08:25
The squeeze on big paydays for executives of bailed-out banks will probably leave Wall Street plenty of wiggle room. Consultants on executive pay say the caps imposed by President Barack Obama on Wednesday will probably apply only to a few executives - not star traders, brokers and salespeople who routinely earn whopping pay packages.


Others note Wall Street typically finds ways to exploit loopholes and figure this time will be no different.

"You've got a lot of people on Wall Street who are not executives but still make extremely big salaries," said Mark Borges, a principal at compensation consulting firm Compensia Inc. "I suspect this doesn't impact them at all."

The new rules require banks that receive "exceptional assistance" from the government to cap salaries, including cash bonuses, at $500,000 for senior executives.

If those firms wanted to pay their executives more, they would have to use stock that couldn't be sold until the bank had repaid the bailout money. The rules apply only to the future, not to banks that have already received bailout money.

Healthier banks that will receive bailout money technically would also face the $500,000 cap. But they could avoid it by providing full public disclosure and holding a nonbinding shareholder vote.

The White House is trying to stem rising public concern that financial firms are using billions in federal bailout dollars to pay for executive bonuses, corporate junkets and other perks.



Iowa City police say man showed up drunk for jail
Court Watch | 2009/02/05 03:26
Authorities say an Iowa City man may not have picked the best time to get loaded when he showed up drunk to serve a public intoxication sentence.


Now he faces another charge.

Police say the 19-year-old showed up at the Johnson County Jail on Tuesday to serve his three-day sentence and officials smelled alcohol on his breath.

Court records say tests showed the man had a blood-alcohol content of 0.101 percent when he arrived at the jail.

A court date on the new charge hasn't been set.

Court records say the man pleaded guilty to public intoxication in May 2008 and was convicted of public intoxication second-offense last December.



Court: Suspended lawyer cannot become Fla. judge
Legal Careers News | 2009/02/04 08:48
The Florida Supreme Court has advised Gov. Charlie Crist he cannot seat a suspended lawyer as a judge in Palm Beach County.


Crist asked the justices for an advisory opinion after William Abramson defeated Circuit Judge Richard Wennet in November's election. Abramson was declared the winner by 61 votes after a third recount.

In December, though, the Supreme Court suspended Abramson from practicing law for 91 days over a 2005 outburst in Wennet's court. Even after the 91 days are up, Abramson cannot practice law unless reinstated by the Florida Bar.

In a letter Wednesday to Crist, the justices wrote it's "common sense" that Abramson also cannot preside over a court he cannot practice before.



Court: Deport NYC ferry crash widow
Court Watch | 2009/02/04 08:45

A federal appeals court says a Jamaican immigrant whose American husband died in the 2003 Staten Island ferry crash can't stay in the United States.

The 3rd U.S. Circuit Court of Appeals in Philadelphia says Osserritta Robinson was no longer eligible for a green card because the Mahwah, N.J., resident had been married less than two years.

The Justice Department had argued the two-year rule was designed to prevent sham marriages.

Robinson's attorney, Jeffrey Feinbloom, says his client is very upset. Feinbloom says he'll ask the entire court of 21 judges to rehear the case and turn to the U.S. Supreme Court if that fails.

A district court judge in Newark in 2007 ruled that immigration officials were wrong to terminate Robinson's green card application.



No agreement on guilty plea for 'Rockefeller'
Breaking Legal News | 2009/02/04 08:44
A man who calls himself Clark Rockefeller is moving closer to a trial on kidnapping charges after attorneys were unable to reach agreement on a guilty plea.


The man, whose real name is Christian Karl Gerhartsreiter (GAYR'-hahrtz-ry-tur), used a number of assumed names since moving to the U.S. from Germany decades ago. He is accused of kidnapping his 7-year-old daughter during a supervised visit in Boston last summer. He was captured about a week later in Baltimore.

Lawyers in the case met briefly in court on Tuesday. A judge set a deadline of Feb. 11 for them to resolve the case or go forward with a trial.

Last month, prosecutors said they would recommend a sentence of 4 1/2 years to 5 years if Gerhartsreiter pleaded guilty.



N.Va. lawyer injured when shots fired into office
Breaking Legal News | 2009/02/04 06:49
Authorities say a lawyer was injured when gunshots were fired through the window of his downtown Leesburg office.


Lt. Jeff Dube, a Leesburg police spokesman, says Todd Sanders was in his office in the 200 block of South King Street when the shots were fired Monday night. He says Sanders was treated at a hospital and released.

Dube says after the shooting, Sanders went outside and flagged down a ride to a hospital from a motorist.

He says Sanders works for the Sanders & Kissler law firm. According to the firm's Web site, Sanders practices criminal and civil litigation and is an adjunct professor at the George Washington University Law School.



[PREV] [1] ..[613][614][615][616][617][618][619][620][621].. [1190] [NEXT]
All
Class Action
Bankruptcy
Biotech
Breaking Legal News
Business
Corporate Governance
Court Watch
Criminal Law
Health Care
Human Rights
Insurance
Intellectual Property
Labor & Employment
Law Center
Law Promo News
Legal Business
Legal Marketing
Litigation
Medical Malpractice
Mergers & Acquisitions
Political and Legal
Politics
Practice Focuses
Securities
Elite Lawyers
Tax
Featured Law Firms
Tort Reform
Venture Business News
World Business News
Law Firm News
Attorneys in the News
Events and Seminars
Environmental
Legal Careers News
Patent Law
Consumer Rights
International
Legal Spotlight
Current Cases
State Class Actions
Federal Class Actions
Court won’t revive a Minnes..
Judge bars Trump from denyin..
Supreme Court sides with the..
Ex-UK lawmaker charged with ..
Hungary welcomes Netanyahu a..
US immigration officials loo..
Turkish court orders key Erd..
Under threat from Trump, Col..
Military veterans are becomi..
Austria’s new government is..
Supreme Court makes it harde..
Trump signs order designatin..
US strikes a deal with Ukrai..
Musk gives all federal worke..
Troubled electric vehicle ma..


Class action or a representative action is a form of lawsuit in which a large group of people collectively bring a claim to court and/or in which a class of defendants is being sued. This form of collective lawsuit originated in the United States and is still predominantly a U.S. phenomenon, at least the U.S. variant of it. In the United States federal courts, class actions are governed by Federal Rules of Civil Procedure Rule. Since 1938, many states have adopted rules similar to the FRCP. However, some states like California have civil procedure systems which deviate significantly from the federal rules; the California Codes provide for four separate types of class actions. As a result, there are two separate treatises devoted solely to the complex topic of California class actions. Some states, such as Virginia, do not provide for any class actions, while others, such as New York, limit the types of claims that may be brought as class actions. They can construct your law firm a brand new website, lawyer website templates and help you redesign your existing law firm site to secure your place in the internet.
St. Louis Missouri Criminal Defense Lawyer
St. Charles DUI Attorney
www.lynchlawonline.com
Lorain Elyria Divorce Lawyer
www.loraindivorceattorney.com
Legal Document Services in Los Angeles, CA
Best Legal Document Preparation
www.tllsg.com
Car Accident Lawyers
Sunnyvale, CA Personal Injury Attorney
www.esrajunglaw.com
East Greenwich Family Law Attorney
Divorce Lawyer - Erica S. Janton
www.jantonfamilylaw.com/about
St. Louis Missouri Criminal Defense Lawyer
St. Charles DUI Attorney
www.lynchlawonline.com
Connecticut Special Education Lawyer
www.fortelawgroup.com
  Law Firm Directory
 
 
 
© ClassActionTimes.com. All rights reserved.

The content contained on the web site has been prepared by Class Action Times as a service to the internet community and is not intended to constitute legal advice or a substitute for consultation with a licensed legal professional in a particular case or circumstance. Affordable Law Firm Web Design