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IMF head Lagarde in court in fraud probe
Court News |
2013/05/22 10:54
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International Monetary Fund chief Christine Lagarde is facing questions at a special Paris court Thursday over her role in the 400 million euro ($520 million) pay-off to a controversial businessman when she was France's finance minister.
The court hearing threatens to sully the reputations of both Lagarde and France. The payment was made to well-connected entrepreneur Bernard Tapie as part of a private arbitration process to settle a dispute with state-owned bank Credit Lyonnais over the botched sale of Adidas in the 1990s. It is seen by many in France as an example of the cozy relationship between big money and big power in France.
Lagarde has earned praise for her negotiating skills as managing director of the IMF through Europe's debt crisis and is seen as a trailblazer for women leaders. Her decision to let the Adidas dispute go to private arbitration rather than be settled in the courts has drawn criticism, and French lawmakers asked magistrates to investigate.
Lagarde, smiling at reporters, left her Paris apartment Thursday morning and appeared at a special court that handles cases involving government ministers. She has denied wrongdoing.
At the time of the payment, Tapie was close to then-French President Nicolas Sarkozy, who was Lagarde's boss. Critics have said the deal was too generous to Tapie at the expense of the French state, and that the case shouldn't have gone to a private arbitration authority because it involved a state-owned bank.
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Strip shooting-crash suspect gets lawyer in Vegas
Court Watch |
2013/04/18 00:52
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A self-described pimp who once posted online images of himself with fists full of cash told a Las Vegas judge on Wednesday that he had no money to hire a lawyer to defend himself against charges that he killed three people in a shooting and fiery crash Feb. 21 on the Strip.
Ammar Harris, 27, stood in shackles and told Justice of the Peace Deborah Lippis that he understood he faces 11 felonies, including murder, attempted murder and seven discharging a weapon counts.
Harris wasn't asked to enter a plea. The judge appointed two public lawyers to defend him, ordered him held without bail and set his next court appearance for April 29.
Clark County District Attorney Steve Wolfson said the case is a top priority and prosecutors will consider seeking the death penalty.
Harris is accused of firing fatal shots before dawn Feb. 21 from a black Range Rover into a Maserati sports car that then slammed into a taxi, killing the cab driver and a tourist from Washington state.
Defense lawyers David Schieck and Randall Pike said Harris plans to plead not guilty and fight the charges. They declined to speak about evidence in the case.
Tehran Boldon, younger brother of taxi driver Michael Boldon, who was killed, called it difficult to maintain composure in the courtroom, where Harris avoided eye contact.
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High court poised to upend civil rights policies
Court News |
2013/04/02 14:08
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Has the nation lived down its history of racism and should the law become colorblind?
Addressing two pivotal legal issues, one on affirmative action and a second on voting rights, a divided Supreme Court is poised to answer those questions.
In one case, the issue is whether race preferences in university admissions undermine equal opportunity more than they promote the benefits of racial diversity. Just this past week, justices signaled their interest in scrutinizing affirmative action very intensely, expanding their review as well to a Michigan law passed by voters that bars "preferential treatment" to students based on race. Separately in a second case, the court must decide whether race relations - in the South, particularly - have improved to the point that federal laws protecting minority voting rights are no longer warranted.
The questions are apt as the United States closes in on a demographic tipping point, when nonwhites will become a majority of the nation's population for the first time. That dramatic shift is expected to be reached within the next generation, and how the Supreme Court rules could go a long way in determining what civil rights and equality mean in an America long divided by race.
The court's five conservative justices seem ready to declare a new post-racial moment, pointing to increased levels of voter registration and turnout among blacks to show that the South has changed. Lower federal courts just in the past year had seen things differently, blunting voter ID laws and other election restrictions passed by GOP-controlled legislatures in South Carolina, Texas and Florida, which they saw as discriminatory.
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Court considers Calif. prison mental health care
Headline Legal News |
2013/03/30 22:48
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A federal judge in Sacramento is set to hear arguments Wednesday over Gov. Jerry Brown's push to regain state control of inmate mental health care after 18 years of federal oversight and billions of dollars spent to improve treatment.
Lawyers representing the state argue that California is now providing a constitutional level of care to its prison inmates, while attorneys for the inmates say more improvement is needed.
California has spent more than $1 billion in construction for mental health facilities and increased salaries to hire more and better mental health workers. It now has more than 1,700 psychiatrists, psychologists, therapists, social workers and nurses to treat more than 32,000 mentally ill inmates, or about one specialist for every 19 patients.
"California has invested tremendous amounts of money, resources and effort to transform its prison mental health care system into one of the best in the country," the state said in one of its recent court filings.
Inmates' attorneys say the efforts so far are not enough and that more mental health facilities must be built and staffed. They also say more must be done to reduce a suicide rate that exceeds the national average for state and federal prisons.
California's prison suicide rate was 24 per 100,000 inmates in 2012. That compares to 16 per 100,000 inmates in other state prisons and the historical average of nine suicides per 100,000 inmates in federal prisons.
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Fee proposed for public court record access
Court News |
2013/03/19 09:06
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A proposal by the state's judicial branch to charge $10 to view a public file at the Santa Rosa courthouse is being criticized by those who say it would limit access to public information.
A spokesman for the Judicial Council, the policymaking body of the courts, tells the Santa Rosa Press Democrat the search fee would generate $6 million annually.
But open government advocates and some journalists say it will create an unfair financial barrier to public documents.
The new search fee is among 11 recommendations from a panel of judges, lawyers and legislators that have been sent to Sacramento for inclusion in Gov. Jerry Brown's budget.
The newspaper says the proposals are expected to raise $30 million statewide. |
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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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