Today's Date: Add To Favorites
Russian court to resume Politkovskaya murder trial
International | 2008/11/25 05:11
A Moscow court says the trial of three men accused of murdering journalist Anna Politkovskaya will resume a week earlier than had been announced.

Judge Yevgeny Zubov had adjourned the case Thursday for 10 days. He cited a defense lawyer's scheduling conflicts even though the lawyer said there were none.

On Monday court spokesman Alexander Minchanovsky said the trial would resume Tuesday and the jurors were called back early to discuss a string of procedural issues. He refused to elaborate.

Zubov had originally opened the trial to the public but reversed the decision last week.

Politkovskaya embarrassed the Kremlin with her reporting on human rights abuses in Chechnya. Her killing in 2006 caused international outrage.



Bush says Citigroup deal needed to protect system
Breaking Legal News | 2008/11/24 08:18
President Bush argued Monday that the government's dramatic rescue of Citigroup was necessary to "safeguard the financial system" and help the economy recover, and he said there could be more such moves if other institutions need help.

Bush said he approved the action, recommended by Treasury Secretary Henry Paulson, while flying back to Washington on Sunday evening from meetings in Peru with Pacific Rim leaders. He said he also spoke with President-elect Barack Obama on Sunday night, part of what he has promised will be "close cooperation" between his administration and the Obama camp until the transfer of power on Jan. 20.

Referring to the Citigroup rescue, Bush said: "We have made these kind of decisions in the past. We made one last night. And if need be we will make these kind of decisions to safeguard our financial system in the future."

Bush, who spoke after meeting with Paulson and other Cabinet members at the Treasury Department, said they all realize that Americans are concerned for their jobs and savings.

"We will safeguard the financial system as the first step necessary for economic recovery," the president said. "This is a tough situation. But we will recover from it."

Also while at Treasury, just across a sidewalk from the White House, Bush joined a meeting of top administration officials who are working on greater economic cooperation with China. Bush met on Friday in Peru with Chinese President Hu Jintao for talks focused in part on the global economic turmoil.



Bush spurs economic action, but Obama sets agenda
Political and Legal | 2008/11/24 08:18
President George W. Bush got a second bloc of world leaders to endorse comprehensive action to remedy the global financial crisis. But his successor, Barack Obama, is already setting the coming economic agenda.

The formal transfer of power doesn't take place until Jan. 20, but don't tell that to financial markets. They are already taking their cues from Obama and his team.

Wall Street surged by nearly 500 points on Friday after reports that Obama would pick Timothy Geithner, the well-respected head of the New York Federal Reserve, to be his Treasury secretary.

Obama was to formally present his economic team on Monday and elaborate on his weekend call for a sweeping economic stimulus to save and create 2.5 million jobs over the next two years.

It is not that Bush did not have his own successes in Lima at his eighth and final summit of the 21-nation Asia-Pacific Economic Cooperation forum.

The leaders of Pacific Rim countries endorsed the action plan drafted a week ago in Washington by the Group of 20, representing the world's richest nations and major developing countries such as China, Brazil and India.



IKEA to pay fine for 2006 candle recall
Consumer Rights | 2008/11/24 08:16
Home furnishing company IKEA agreed to pay a $500,000 fine for being slow to report defective outdoor candles, the government said Sunday.

In May 2006, IKEA recalled 133,000 packages of outdoor candles in the United States. The company had received at least 32 reports of problems with these candles worldwide, including 12 reports of injuries.

The Consumer Product Safety Commission said IKEA did not promptly report the problems, as the law requires.

The candles were available at IKEA stores around the country between February 2001 and July 2005.

In the settlement agreement with the agency, IKEA North America Services denied that it knowingly broke the law.

This fine comes on the heels of the company's Thursday recall of 670,000 blinds in the United States. The window dressings were recalled after a 1-year-old girl died when she got caught in the inner cord of a set of IKEA Roman blinds over her playpen.

A telephone message left Sunday for spokesman at IKEA USA offices in Conshohocken, Pa., was not immediately returned. E-mail requests for comment from that spokesman and a second representative were not immediately answered.



Government unveils plan to rescue Citigroup
Business | 2008/11/24 08:14
The government was weighing a plan on Sunday to rescue Citigroup Inc., whose stock has been hammered on worries about its financial health.

The Treasury Department and the Federal Reserve have been in discussions over the weekend to devise a strategy to stabilize the company, according to people familiar with the talks. They spoke on condition of anonymity because the discussions were ongoing.

One option being considered is taking some of the risky assets held by Citigroup off its balance sheet, a move that would give the company more breathing room and put it in a better position to raise capital. It was unclear, however, exactly how that option might be structured, the people said. Another option would be for the government to make another cash injection into the company.

A spokesman for New York-based Citigroup declined comment.

The company has seen its shares lose 60 percent of their value in the past week, reflecting a crisis of confidence among skittish investors. They are worried all the risky debt on Citigroup's balance sheet will turn into losses as the economy worsens and the markets stay turbulent — losses that could be nearly impossible to reverse.

Citigroup is such a large, interconnected player in the financial system that if it were to collapse it would wreak havoc on already fragile financial and economic conditions. The company has operations stretching around the globe in more than 100 countries.

Analysts consider Citigroup the most vulnerable among the major U.S. banks — especially after it failed to nab Wachovia Corp., which was bought instead by Wells Fargo & Co. That was a missed opportunity for Citi to gets its hands on much-needed U.S. deposits that would bolster its cash position.



Gunman shoots 3 inside NJ church
Criminal Law | 2008/11/23 08:14
A gunman has fired shots inside a church in New Jersey and authorities say three people have been wounded, one critically.

The gunman opened fire just before noon Sunday inside the St. Thomas Syrian Orthodox Knanaya Church in Clifton, in northern New Jersey.

Officials say some 200 people were attending a service inside the house of worship.

The New Jersey State Police and Passaic County law enforcement agencies say they are hunting for the gunman.

A law enforcement official says said the shooting may be a result of domestic violence.

Members of the church are mostly first-generation immigrants and their children from Kerala, India.



S. Korean court clears officials over Lone Star sale
World Business News | 2008/11/23 08:12
A South Korean court cleared two former officials Monday in a case related to the acquisition of a local bank by Lone Star Funds in what could be a boon to the buyout group's troubled efforts to sell the lender.

The Seoul Central District Court absolved former finance ministry official Byeon Yang-ho and former Korea Exchange Bank chief Lee Kang-won of breach of trust charges over allegations they conspired to understate the lender's value, according to Ma Yong-joo, a court spokesman.

Dallas, Texas-based Lone Star took over KEB in late 2003 by purchasing a controlling stake. The fund has long battled allegations that it was able to acquire the then distressed lender at a bargain price.

In clearing the men, Presiding Judge Lee Kyoo-jin said that there were few other options available to KEB at the time than the purchase by Lone Star, according to Ma.

Prosecutors had contended that Byeon and Lee worked with Lone Star to intentionally understate KEB's assets, thus arranging for the bank to be sold at a price that was up to 825.2 billion won cheaper than it should have been valued.

South Korea's Yonhap news agency quoted a prosecution spokesman as saying prosecutors would appeal the ruling.



[PREV] [1] ..[640][641][642][643][644][645][646][647][648].. [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