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NYC grand jury indicts lawyer eyed in $400M fraud
Breaking Legal News |
2009/01/30 09:32
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A New York City grand jury has indicted a lawyer suspected of bilking hedge funds out of more than $400 million. The indictment returned Thursday in federal court in Manhattan charges Marc Dreier with conspiracy to commit securities and wire fraud. Dreier also is charged with securities fraud and wire fraud. Dreier led the law firm Dreier LLP, with 250 attorneys and celebrity clients including ex-New York Giants star Michael Strahan (STRAY'-han). He was arrested in December after hedge funds complained he was stealing from them. Dreier has remained jailed, unable to post enough cash or property toward his $20 million bail. Defense attorneys say he's cooperated with a receiver appointed by the court to take control of his assets. Prosecutors say he could face 30 years to life in prison if convicted. |
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Texas executes inmate for killing fellow prisoner
Breaking Legal News |
2009/01/30 09:28
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Texas has executed a prison gang member who fatally injected a fellow inmate with an overdose of heroin in retaliation for snitching on him.
Ricardo Ortiz was pronounced dead at 6:18 p.m. Thursday.
The 46-year-old was the fifth Texas inmate to die this year and the second of two executions in consecutive nights this week in the nation's most active death penalty state. Ortiz was condemned for the retaliation slaying of 22-year-old Gerardo Garcia more than 11 years ago. Authorities say Garcia was killed so he couldn't testify about bank robberies the pair was suspected of carrying out. The U.S. Supreme Court rejected an appeal Thursday to delay the execution. Ortiz had argued he should get federal money to pay for help filing a state clemency request. |
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Man smears feces on his lawyer, flings it at jury
Breaking Legal News |
2009/01/29 08:39
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A San Diego judge has declared a mistrial in a kidnapping and assault case after the defendant smeared excrement on his lawyer's face and threw it at jurors. The judge boosted defendant Weusi McGowan's bail from $250,000 to $1 million after the Monday incident.
Prosecutor Christopher Lawson says McGowan was upset because the judge refused to remove public defender Jeffrey Martin from the case.
McGowan had smuggled a bag of feces into court and spread it on Martin's hair and face before flinging the excrement at jurors. No jurors were hit. McGowan has pleaded not guilty to kidnapping for robbery, assault with a deadly weapon and other counts in connection with a 2007 home invasion. |
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Sludge company's ex-representative pleads guilty
Breaking Legal News |
2009/01/29 01:38
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A former representative of a Texas company pleaded guilty Monday to federal bribery conspiracy, admitting a multiyear scheme to win a sludge recycling contract through cash and trips for Detroit officials. Jim Rosendall's cooperation with the FBI led prosecutors to recommend a sentence of no more than 11 months in prison, well below the five-year maximum. The company used cash and plane trips to Las Vegas to curry favor with Detroit officials and win the $47 million contract to recycle sludge, according to a criminal charge unsealed earlier in the day. The city officials were not identified. The influence-peddling game reached a climax in fall 2007 when a city council member accepted payments to vote in favor of a deal with Synagro Technologies, the government alleges. The contract was approved, 5-4, in November 2007. "People expected me to give things to get their support," Rosendall, former president of Synagro of Michigan, said in court. Earlier Monday, Mayor Ken Cockrel Jr. addressed speculation about a federal investigation into the conduct of city government members. "I think we'll have to see how it plays out," he said. Rosendall's guilty plea comes more than four months after Kwame Kilpatrick resigned as mayor and went to jail in a sex-and-text scandal after admitting he lied during a civil trial to cover up a torrid affair with his chief of staff. The city council member involved in the bribery conspiracy case was not identified, nor is "City Official A," who with others was flown to Las Vegas in September 2003 at a cost of $20,000 to see a boxing match, the government said. |
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VA agrees to settle for $20M for data theft
Breaking Legal News |
2009/01/28 09:43
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The Veterans Affairs Department agreed Tuesday to pay $20 million to veterans for exposing them to possible identity theft in 2006 by losing their sensitive personal information.
In court filings Tuesday, lawyers for the VA and the veterans said they had reached agreement to settle a class-action lawsuit originally filed by five veterans groups alleging invasion of privacy. The money, which will come from the U.S. Treasury, will be used to pay veterans who can show they suffered actual harm, such as physical symptoms of emotional distress or expenses incurred for credit monitoring.
U.S. District Judge James Robertson in Washington must approve the terms of the settlement before it becomes final. "This settlement means the VA is finally accepting full responsibility for a huge problem that continues to worry millions of veterans, retirees, service members and families," said Joe Davis, spokesman for Veterans of Foreign Wars, which was not involved in the lawsuit. VA spokesman Phil Budahn said: "We want to assure veterans there is no evidence that the information involved in this incident was used to harm a single veteran." The lawsuit came after a VA data analyst in 2006 admitted that he had lost a laptop and external drive containing the names, birth dates and Social Security numbers of up to 26.5 million veterans and active-duty troops. The laptop was later recovered intact, but a blistering report by the VA inspector general faulted both the data analyst and his supervisors for putting veterans at unreasonable risk. The data analyst had lost the information when his suburban Maryland home was burglarized on May 3, 2006, after taking the data home without permission. The VA employee promptly notified his superiors, but due to a series of delays, veterans were not told of the theft until nearly three weeks later, on May 22. Then-VA Secretary James Nicholson later said he was "mad as hell" that he wasn't immediately told about the burglary. |
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Voters ask court to add absentees to Minn. recount
Breaking Legal News |
2009/01/28 09:40
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Minnesota voters testified Tuesday their ballots had been unfairly rejected as Republican Norm Coleman argued thousands of disqualified absentee ballots should be counted in the U.S. Senate race.
"Perhaps my signature is not as good as it once was," Gerald Anderson, of St. Paul, told the three-judge panel hearing Coleman's lawsuit. "It gets cloudy and crooked. I am 75 years old."
But that shouldn't have disqualified his vote, he said: "I want it back. I'm entitled to my vote." A statewide recount gave Democrat Al Franken a 225-vote edge. The personal stories that Anderson and five other voters told are just one front on Coleman's effort to have more votes counted. Coleman's legal team had intended to submit copies of thousands of ballots as exhibits, but the judges disqualified them as evidence Monday because campaign workers had marked on some envelopes. On Tuesday, much of the panel's time was spent with state officials, lawyers and court staff working out a plan to get about 11,000 rejected absentees to St. Paul from counties throughout the state. |
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FBI: Long Island investment firm boss surrenders
Breaking Legal News |
2009/01/27 11:12
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The owner of a Long Island investment firm accused of cheating people out of more than $100 million is expected to appear in court Tuesday.
FBI spokesman Jim Margolin says Nicholas Cosmo surrendered at a U.S. Postal Inspection Service office in Hicksville on Monday night.
Cosmo runs Agape World Inc. in Hauppauge (HAW'-pawg). He's accused of taking in $300 million from investors and cheating them out of about $140 million. A letter hanging in Cosmo's office window denies there was any Ponzi scheme, the type of fraud Bernard Madoff (MAY'-dawf) is accused of committing. A Ponzi, or pyramid, scheme promises unusually high returns and pays early investors with money from later investors. Defense attorneys at the Herrick Feinstein law firm haven't returned telephone calls seeking comment. |
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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. |
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