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Israel's Supreme Court sentences tycoon to 3 years in prison
Court Watch |
2018/09/02 22:44
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Israel's Supreme Court has sentenced one of the country's most prominent businessmen to three years in prison for securities fraud.
The court ruled Wednesday that former IDB Holding Corp. controlling shareholder Nochi Dankner will begin serving his prison term on Oct. 2 for his role in carrying out millions of dollars' worth of fraudulent transactions in an attempt to influence the share price of the troubled company.
IDB took on millions of dollars in debt following a series of bad business deals. The courts wrested control of IDB from Dankner as a result.
Dankner, a favorite of Israel's business community, was often credited with helping rescue Israel's economy at the height of a Palestinian uprising. Under his leadership, IDB became Israel's largest holding company and Dankner became a celebrity.
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Kavanaugh's support for surveilling Americans raises concern
Court News |
2018/09/01 22:44
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Supreme Court nominee Brett Kavanaugh has frequently supported giving the U.S. government wide latitude in the name of national security, including the secret collection of personal data from Americans.
It's a subject Democrats plan to grill Kavanaugh about during his confirmation hearings scheduled to begin next Tuesday. Beyond his writings as an appeals court judge, some senators suspect Kavanaugh was more involved in crafting counterterrorism policies during the George W. Bush administration than he has let on.
Kavanaugh stated in past congressional testimony that he wasn't involved in such provocative matters as warrantless surveillance and the treatment of enemy combatants in the years immediately after the Sept. 11, 2001, terrorist attacks.
But legal experts say he could shift the court on national security issues, if he is confirmed to replace retired Justice Anthony Kennedy.
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Israeli court allows entry to Hamas kin for medical care
Headline Legal News |
2018/08/31 22:44
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Israel's Supreme Court has ruled that five critically ill women from Gaza may enter Israel for urgent medical treatment despite a government decision preventing relatives of Hamas members from doing so.
The five women appealed to the court last month after their requests to enter Israel were rejected on the grounds of their relation to Hamas members.
The government decision denies entry for health care to relatives of Hamas members and is meant to exert pressure Gaza's rulers who currently hold the remains of two Israeli soldiers.
The court ruled late Sunday that the government decision was unreasonable and could not stand up to a legal test.
Four human rights groups representing the women said the government was using them and others seeking care unavailable in Gaza as "bargaining chips." |
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Appeals court won't block ruling on candidate party label
Securities Class Action |
2018/08/29 22:44
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North Carolina Republicans have been dealt another setback in their efforts to remove a state Supreme Court candidate's party affiliation from the ballot.
The state Court of Appeals declined Monday to hear the request of GOP legislative leaders to block a lower court's order that candidate Chris Anglin be listed as a Republican on the November ballot.
A trial court judge this month halted enforcement of a new law removing party designations next to the names of Anglin and a few other judicial candidates because they had switched their affiliation too close to filing.
Anglin was a registered Democrat until three weeks before he filed to run. He says the law unfairly targeted him.
The state Supreme Court could still step in, but time is dwindling before ballots must be printed. |
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Iran goes to UN's highest court over re-imposed US sanctions
Headline Legal News |
2018/08/27 20:05
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Iran went to the United Nations' highest court Monday in a bid to have U.S. sanctions lifted following President Donald Trump's decision earlier this year to re-impose them, calling the move "naked economic aggression."
Iran filed the case with the International Court of Justice in July, claiming that sanctions the Trump administration imposed on May 8 breach a 1955 bilateral agreement known as the Treaty of Amity that regulates economic and consular ties between the two countries.
At hearings that started Monday at the court's headquarters in The Hague, Tehran asked judges at the world court to urgently suspend the sanctions to protect Iranian interests while the case challenging their legality is being heard — a process that can take years.
In a written statement, U.S. Secretary of State Mike Pompeo called the legal move an attempt by Tehran "to interfere with the sovereign rights of the United States to take lawful actions, including re-imposition of sanctions, which are necessary to protect our national security."
Trump said in May that he would pull the United States out of a 2015 agreement over Iran's nuclear program and would re-impose sanctions on Tehran. Washington also threatened other countries with sanctions if they don't cut off Iranian oil imports by early November.
Trump said in May that he would pull the United States out of a 2015 agreement over Iran's nuclear program and would re-impose sanctions on Tehran. Washington also threatened other countries with sanctions if they don't cut off Iranian oil imports by early November.
Iranian representative Mohsen Mohebi told the court the U.S. decision was a clear breach of the 1955 treaty as it was "intended to damage, as severely as possible, Iran's economy."
Iran's 2015 nuclear deal imposed restrictions on the Islamic Republic's nuclear program in return for the lifting of most U.S. and international sanctions against Tehran. |
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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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