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FBI: Long Island investment firm boss surrenders
Topics in Legal News |
2009/01/26 15:15
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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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Matthew Steinhilber Elected to Board of Center for Watershed Protection
Law Firm News/Delaware |
2009/01/21 14:29
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Matthew G. Steinhilber, an associate in the Baltimore office of the law firm Ballard Spahr Andrews & Ingersoll, LLP, has been elected to the board of directors of the Center for Watershed Protection.
The Center for Watershed Protection works to minimize the effects of urbanization and other land use on drainage basins in order to provide communities with clean water and conserve natural resources.
Mr. Steinhilber is a member of Ballard’s Real Estate Department, where he regularly represents lenders and borrowers in a variety of commercial and real estate finance transactions, including health care matters involving the financing and refinancing of continuing-care retirement communities, assisted living facilities, and skilled nursing homes. He also has served as underwriter’s counsel and bond counsel in several tax-exempt and taxable bond financings. Mr. Steinhilber’s diverse practice also includes representing public housing authorities in mixed-finance and Capital Fund Financing Program transactions. |
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Gary Scott of Hirst Applegate Obtains Judgement
Law Firm News/Wyoming |
2009/01/21 11:13
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Gary Scott recently was successful in obtaining summary judgment in a state court medical malpractice action filed against a nursing home client of Hirst Applegate. The case arose from an incident in which a resident of the nursing home was inadvertently administered the wrong medication, causing the resident to be hospitalized. Subsequently, after discharge from the hospital the resident passed away, with the immediate cause of death being cancer. However during discovery plaintiff`s expert witness testified that it was his opinion within a reasonable degree of medical probability that the medication error hastened the resident`s death to some extent. Based upon that testimony a motion for summary judgment was filed, which argued that under Wyoming law if a person`s death is caused by the alleged wrongful act of another, the sole remedy is an action for wrongful death. The plaintiff in this instance had not brought a wrongful death case, but instead had filed a survival action. The Court found that since the plaintiff`s proof was that the former resident`s death had been hastened by the medication error, the sole remedy was a wrongful death action. The Court dismissed the plaintiff`s complaint with prejudice.
Hirst Applegate Website |
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Ballard Lawyers Recognized For Pro Bono Work
Law Firm News/Delaware |
2009/01/20 14:29
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37 Selected For 2008 First Judicial District of Pennsylvania Honor Roll
Thirty-seven attorneys from Ballard Spahr Andrews & Ingersoll, LLP will be honored Thursday, January 22, for their 2008 pro bono work in the First Judicial District of Pennsylvania, which comprises the courts in the Philadelphia County system.
The annual Pro Bono Publico Award Ceremony is scheduled from 5 to 7 p.m. in the Alex Bonavitacola Law Library, City Hall. Ballard attorneys being named to the Pro Bono Roll of Honor are Raheemah F. Abdulaleem, Taimarie Adams, Sapna K. Anderson, Alexandra Bak-Boychuk, Aisha M. Barbour, Barbara R. Beckman, Tamar J. Cerafici, Frederic W. Clark, Colleen F. Coonelly, Katharine A. Crawford, Marc E. Davies, Eric Diaz, Shannon D. Farmer, Adiah I. Ferron, Adam M. Finkelstein, David S. Fryman, Farrah I. Gold, Henry E. Hockeimer, Jr., William B. Igoe, Cecilia Isaacs-Blundin, Leslie E. John, Edward I. Leeds, Melissa J. Lore, Aldie Jennings Loubier, Jeffrey Meyers, Donna D. Page, Eileen B. Quigley, Thomas D. Rethage, Charles L. Rombeau, Mary Gay Scanlon, Amy Shellhammer, Gina M. Smith, Mark S. Stewart, Marc J. Weinstein, Sandra Wintner, Dena Zakaria, and Lynn G. Zeitlin.
To be included on the annual Roll of Honor, a lawyer must be in private practice, not employed by an organization that provides free legal services, and have rendered legal services to a low-income client without any fee, or expectation of fee, in the First Judicial District. |
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Ken Swindle Receives the Distinguished Service Award
Law Firm News/Alabama |
2009/01/18 11:28
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| Ken Swindle received the Distinguished Service Award from the West Alabama Chamber of Commerce for the service he provided to them during his entire career in law enforcement. Ken Swindle worked in law enforcement for 34 years and served as the Tuscaloosa Police Chief for 20 years before coming to work as an investigator with Prince Glover Law. |
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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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