Today's Date: Add To Favorites
Government: Half of Madoff accounts show no loss
Breaking Legal News | 2009/09/23 09:09

Federal prosecutors said Tuesday that a review of most accounts held by financier Bernard Madoff's customers when he was arrested shows that about half of the customers had not lost money because they withdrew more money than they originally invested.

Prosecutors made the revelation as they told a judge in court papers that there was no need to order restitution because all of Madoff's assets will be distributed to investors through forfeiture requirements.

As part of their filing in U.S. District Court in Manhattan, they summarized the findings of a court-appointed trustee who is calculating how much investors lost so it can be decided how to divide up assets that are recovered.

The government said a search of financial records, including microfilm records dating back to 1979, show that investors suffered net losses exceeding $13 billion. In all, 15,870 claims have been made to the trustee by those seeking a share of any recovered money.

The court document said there were approximately 8,094 customer accounts held by Madoff's private investment business from at least 2000 through December 2008. At the time of his Dec. 11 arrest, there were 4,902 active customer accounts, the government said.

Most of the customers who had current accounts have made claims with the trustee, prosecutors wrote. Of those, nearly 50 percent had a net loss, meaning they contributed more funds to their accounts than they withdrew, while about half had no net loss because they withdrew more funds than they contributed, prosecutors said.



US court rules against Monsanto's GMO sugarbeets
Breaking Legal News | 2009/09/23 09:08

A federal U.S. court has ruled in favor of critics of Monsanto Co's genetically engineered sugar beets, saying the U.S. government failed to adequately evaluate environmental and economic risks associated with the crop.

The U.S. District Court for the northern district of California ruled that the U.S. Department of Agriculture's Animal and Plant Health Inspection Service (APHIS) violated federal law by failing to prepare an environmental impact statement before deregulating genetically altered sugar beets.

Monsanto developed the biotech beets to be resistant to Monsanto's glyphosate herbicide Roundup, and promotes the sugarbeets as "Roundup Ready."

The plaintiffs include the Center for Food Safety, Organic Seed Alliance, Sierra Club, and High Mowing Seeds. The groups filed the lawsuit in January 2008.

About 1.1 million U.S. acres were seeded this year to Roundup Ready sugar beets in the fourth year of commercialized production.

Critics say the Roundup Ready beets are dangerous for the environment because they promote the emergence of "superweeds" or weeds that cannot easily be killed because they also develop a tolerance to weedkiller. They also say that organic and convential beet farmers are damaged because the genetically altered sugar beets are wind-pollinated and inevitably cross-pollinate related crops grown nearby.

The court found that USDA gave only "cursory" consideration to some of these concerns, failing to adequately consider the risks. The court has ordered the USDA to conduct a rigorous assessment of the environmental and economic impacts of the crop on farmers and the environment, and will evaluate other remedies in an October meeting of the parties.



Ohio court rules voter OK needed for video lottery
Breaking Legal News | 2009/09/21 07:34

The Ohio Supreme Court ruled on Monday that the state's plan to allow up to 17,500 video lottery terminals at horse racing tracks is subject to a statewide voter referendum.

The 6-1 ruling by the high court puts a potential dent in Ohio's plan to raise $933 million over two years. The money from the terminals was a key component in addressing a $3.2 billion shortfall in the state's new two-year budget for the fiscal biennium that began July 1 without raising taxes.

"While I am disappointed by this decision, we need to fully review the court's judgment before determining next steps," Ohio Governor Ted Strickland said in a statement.

"The Ohio Lottery Commission has modified its agenda for this afternoon's scheduled meeting, which was to include the video lottery terminal implementation rules, to ensure adequate time to fully review and understand the impact of the court's decision," he added.

The lawsuit was filed by LetOhioVote.org, a ballot issue committee, which argued that the state constitution requires voter approval of the gambling plan.

Two other lawsuits were subsequently filed in the Ohio Supreme Court, challenging actions taken by the governor and legislature earlier this year regarding the video lottery terminals.

In its ruling, the court rejected the state's position that the terminals were essentially part of the appropriation process with their revenue allocated to education and therefore not subject to any referendum. Justices also ordered Ohio's secretary of state to allow the plaintiff to pursue a referendum on the terminals.



Indiana court strikes down tough voter ID law
Breaking Legal News | 2009/09/18 08:51

The state Court of Appeals on Thursday struck down an Indiana law requiring government-issued photo identification for voters, overturning on state constitutional grounds a strict law previously upheld by the U.S. Supreme Court.

Considered one of the nation's toughest voter identification laws, it requires that a state or federal photo ID card be presented at the ballot box. Critics have said it disenfranchises some poor, older and minority voters. Supporters contend it is needed to prevent voter fraud at the polls, which critics say is rare.

Republican Gov. Mitch Daniels called Thursday's 3-0 ruling "an act of judicial arrogance."

"It would be one thing if this thing had not already been litigated from the bottom up through the federal system, and multiple court rulings — including the Supreme Court of the United States — hadn't already spoken," Daniels said.

The Indiana Democratic Party previously challenged the law in federal court, saying it violated the U.S. Constitution. But the nation's highest court upheld 6-3 in April 2008.

The League of Women Voters then challenged the law in state courts, arguing it violated the Indiana Constitution by imposing a requirement on some, but not all, voters.

A Marion County judge dismissed the suit in December, but the League appealed, and this time a panel of judges ruled in its favor. In a 29-page ruling, Judge Patricia A. Riley wrote that the trial court must declare the law void because it regulates voters in a way that is not "uniform and impartial."

The judges held that it was irrational to require those who vote in person to verify their identities when those who vote by mail are not required to do so even though absentee voting is more susceptible to fraud. The panel also said the law arbitrarily gives preferential treatment to people who vote in nursing homes where they live because they aren't required to show a photo ID even though other elderly people who vote elsewhere must.

While the nursing home discrepancy could be remedied easily by requiring those residents to present ID, the treatment favoring absentee voters might require legislation to fix, the judges said.



Burglar pleads guilty in NYC cop-shoots-cop case
Breaking Legal News | 2009/09/18 04:52

A man has pleaded guilty to breaking into the car of an off-duty New York City police officer who was then killed in a friendly fire shooting.

Miguel Goitia pleaded guilty Wednesday to criminal mischief. He will serve 1 1/2 to 3 years in prison.

Officer Omar Edwards was killed May 28 by Officer Andrew Dunton, who spotted the 25-year-old officer chasing the thief with his gun drawn.

Dunton apparently mistook the off-duty officer for an armed suspect and shot him.

The shooting raised questions about racial profiling. Edwards was black and Dunton is white.

Last month, a grand jury voted not to indict Dunton in the shooting.



No retrial for condemned man after judge-DA affair
Breaking Legal News | 2009/09/17 04:22
A Texas death row inmate won't be able to argue for a new trial, despite admissions of an affair between his trial judge and the prosecutor, a court announced Wednesday.

The Texas Court of Criminal Appeals ruled 6-3 that convicted murderer Charles Dean Hood should have raised concerns about the affair between the now retired court officials in earlier appeals. The ruling overturned a lower court's recommendation that Hood be able to make his case for a new trial based on the affair.

"Our argument is that they had this information and should have raised it in the earlier writ," said current prosecutor John Rolater, the chief of Collin County's appellate division. "We consider this a significant success for the state."

Hood's attorneys said in a statement that the affair led to a tainted trial and "obvious and outrageous violations" of Hood's constitutional rights. The ruling will "only add to the perception that justice is skewed in Texas," said Andrea Keilen, of the Texas Defender Service.

The rejection from the state's highest criminal appeals court means a future appeal on the same grounds must go to the U.S. Supreme Court.



2 men plead guilty in teen prostitution ring
Breaking Legal News | 2009/09/16 08:29

Two men pleaded guilty Tuesday to participating in a ring that forced teenage girls to work as prostitutes in a half dozen states - Florida, Massachusetts, Maine, New Jersey, New York and Pennsylvania.

Shaun Leoney, 28, of Boston, and Aaron Brooks, 25, of Quincy, were among six men who were indicted in 2007 for participating in a Boston-based prostitution ring that operated from 2001 to 2005.

Leoney and Brooks originally were charged with conspiracy and transportation for prostitution. Leoney also was charged with sex trafficking of children.

Both men pleaded guilty Tuesday to a single count of conspiracy. Brooks reached a plea deal with prosecutors, who will recommend a sentence of four years. Leoney faces a maximum of five years in prison.

Sentencing for both men was scheduled for Dec. 15.

As part of their guilty pleas, Leoney and Brooks admitted they drove a teenager to Orlando, Fla., during Memorial Day weekend in 2005 for prostitution activity sponsored by Hoodlum Entertainment, a company owned by two convicted sex traffickers.

Brooks faced a maximum of 15 years if he had gone to trial on the original charges, said his attorney, Raymond O'Hara.

"He just wants to put this behind him," O'Hara said.

Leoney's lawyer, James Dilday, said Leoney faced a maximum of 40 years if he had been convicted of the original charges.



[PREV] [1] ..[118][119][120][121][122][123][124][125][126].. [264] [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
Amazon cuts about 16,000 cor..
Minneapolis shooting scrambl..
A federal judge is set to he..
Malaysia and Indonesia becom..
Sean ‘Diddy’ Combs is deni..
Maduro Pleads Not Guilty, Cl..
Iran executes a man convicte..
Trump administration rolls o..
China stages military drills..
Public release of Epstein re..
US announces massive arms sa..
Trump bans travel from 5 mor..
Do Kwon sentenced to 15 year..
Top EU official warns the US..
Former Honduras President He..


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 and help you redesign your existing law firm site to secure your place in the internet.
Lorain Elyria Divorce Lawyer
www.loraindivorceattorney.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
  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