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Court upholds most counts against ex-financier
Stock Market News |
2014/09/02 16:32
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A U.S. appeals court on Thursday upheld 10 convictions against an Indianapolis financier but overturned two wire fraud counts, saying the government failed to enter into the record key documentary evidence.
Timothy Durham and co-defendants Jim Cochran and Rick Snow were convicted in 2012 of swindling thousands of investors out of $200 million. Durham was convicted on 12 counts and sentenced to 50 years; Cochran was convicted on eight counts and sentenced to 25 years; Snow was convicted on five counts and sentenced to 10 years.
The 7th Circuit Court of Appeals in Chicago rejected most of the appeals but overturned two involving the transfer of $250,000 and $50,000.
The appeals court said the government's failure to enter the documentary evidence "was clearly an oversight, but the mistakes leaves a crucial gap in the evidence in those counts." It said the government used single-page printouts to establish the wire transfers were made in furtherance of the fraudulent scheme. |
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Court rules against FedEx in drivers' labor case
Topics in Legal News |
2014/08/28 12:12
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A federal court has ruled that FedEx Corp. improperly classified about 2,300 drivers in California as independent contractors instead of employees.
The decision by a three-judge panel of the Ninth U.S. Circuit Court of Appeals on Wednesday covered drivers who worked for FedEx between 2000 and 2007. Similar lawsuits were filed in about 40 states before 2009.
A lawyer for the drivers estimated that they could receive at least $250 million in back pay and damages if the ruling stands up.
The judges said that under California law, the drivers were employees because FedEx controlled how they did their work. They had to wear company uniforms, drive approved trucks, and follow other company procedures.
FedEx said it will appeal to the full appeals court in San Francisco. FedEx general counsel Cary Blancett said that other courts had upheld contract language with "thousands" of independent contractors.
The Memphis, Tennessee-based company said that since 2011, it has only contracted with incorporated businesses that treat drivers as their employees. It also said it will shift to new service agreements in California, Oregon, Washington and Nevada.
In their lawsuit, the drivers sought back pay for overtime, expenses, punitive damages and attorney costs. That would total more than $75,000 for each of the drivers in the original lawsuit, according to filings. |
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Alan Segal - Real Estate Law Attorney Massachusetts
Attorney News |
2014/08/28 12:08
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Looking to purchase your first home in Massachusetts? Bostonians are beginning to save up to buy real estate as safe equity. Property would include all of the following: house, commercial building, or even a lot. When people think property, they usually think of residential real estate, which is property that involves houses, condos, and townhouses. If you’re planning on buying real estate in Massachusetts, it’s in your best interest to contact
a Massachusetts Real Estate Lawyer for legal advice.
Buying real estate in Massachusetts is a big cost, but investors stand to make a profit by flipping property and selling at a higher value. Whether you’re planning on purchasing or selling real estate, it’s advised that you have an experienced Massachusetts residential real estate lawyer by your side.
Below you’ll find the different types of Real Estate to purchase:
- Commercial Properties
- Low Income Housing
- Boarding Houses
- Open Land Lots
- Rental Properties
- Residential Properties
Before any real estate purchase, contact and consult a Massachusetts real estate lawyer to assist you with real estate purchasing and trends. Failure to do so will result in steadily accumulating equity.
If you’d like to speak with a Massachusetts Real Estate Lawyer regarding legal assistance with real estate law, contact us today!
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Washington high court to hear charter school case
Court Watch |
2014/08/19 15:09
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The Washington Supreme Court has agreed to consider whether the state's voter-approved charter school law violates the state constitution.
Oral arguments concerning the lawsuit brought by charter school opponents have been scheduled for the afternoon of Oct. 28.
A King County Superior Court judge found in December that parts of the new law are unconstitutional. Judge Jean Rietschel's decision focused on whether certain taxpayer dollars can be used to pay for the operation of charter schools.
Both sides asked the Supreme Court to skip the appeals court process and directly review the case.
Attorney Paul Lawrence says the briefs to the court and the oral arguments will focus on that part of the lawsuit.
The state's charter school system was approved by voters in 2012.
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Court: Silence can be used against suspects
Attorney News |
2014/08/19 15:08
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The California Supreme Court has ruled that the silence of suspects can be used against them.
Wading into a legally tangled vehicular manslaughter case, a sharply divided high court on Thursday effectively reinstated the felony conviction of a man accused in a 2007 San Francisco Bay Area crash that left an 8-year-old girl dead and her sister and mother injured.
Richard Tom was sentenced to seven years in prison for manslaughter after authorities said he was speeding and slammed into another vehicle at a Redwood City intersection.
Prosecutors repeatedly told jurors during the trial that Tom's failure to ask about the victims immediately after the crash but before police read him his so-called Miranda rights showed his guilt.
Legal analysts said the ruling could affect future cases, allowing prosecutors to exploit a suspect's refusal to talk before invoking 5th Amendment rights against self-incrimination. |
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Investment Fraud Litigation |
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Securities fraud, also known as stock fraud and investment fraud, is a practice that induces investors to make purchase or sale decisions on the basis of false information, frequently resulting in losses, in violation of the securities laws. Securities Arbitration. Generally speaking, securities fraud consists of deceptive practices in the stock and commodity markets, and occurs when investors are enticed to part with their money based on untrue statements.
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The content contained on the web site has been prepared by Securities Law News 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. | Affordable Law Firm Website Design by Law Promo |
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