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Appeals court revives challenge to consumer age
Headline Legal News |
2015/07/24 16:17
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A federal appeals court on Friday revived a legal challenge to the Consumer Financial Protection Bureau, the federal office created to protect consumers in financial dealings with banks, lenders and credit card companies.
The federal appeals court in Washington ruled that a Texas bank could challenge the constitutionality of the watchdog agency's powers even though the bank's conduct has not been subject to any enforcement.
A federal district judge had dismissed the lawsuit in 2013 after finding the bank had no legal standing to bring the claims.
The independent agency was created in 2010 by a sweeping law that overhauled financial regulations following the 2008 financial crisis. Wall Street interests and Republicans in Congress fiercely opposed the agency.
The appeals court sent the case back to the lower court to consider the challenges.
Eleven states had joined the lawsuit filed by State National Bank of Big Spring, Texas, to argue that Congress delegated too much power to the bureau. They also argue that it should not be headed by just one person and that President Barack Obama illegally appointed the agency's director, Richard Cordray, during a congressional recess. Cordray was later confirmed by the Senate.
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Religious beliefs, gay rights clash in court case over cake
Headline Legal News |
2015/07/09 14:31
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A suburban Denver baker who refused to make a wedding cake for a gay couple will argue in court Tuesday that his religious beliefs should protect him from sanctions against his business.
The case underscores how the already simmering tension between religious-freedom advocates and gay-rights supporters is likely to become more heated in the aftermath of the U.S. Supreme Court's landmark ruling last month legalizing same-sex marriage nationwide.
"What the relationship is between that reality and sort of what that will mean for things like service provisions is where I think the battles will really be fought now," said Melissa Hart, a law professor at the University of Colorado.
The 2012 case before the Colorado Court of Appeals has ignited a passionate debate over whether individuals can cite their beliefs as a basis for declining to participate in a same-sex wedding ceremony or if such refusals on religious grounds can lead to discrimination allegations.
Gay couples have won battles in other states.
Last week, the owners of a Portland, Oregon-area bakery that declined to make a wedding cake for a gay couple two years ago were ordered to pay $135,000 in damages. Two years ago, the New Mexico Supreme Court ruled that a photographer who wouldn't take pictures of a gay couple's 2006 commitment ceremony violated the state's discrimination law. |
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Man pleads guilty to charge over noose on Ole Miss statue
Headline Legal News |
2015/06/17 14:19
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A federal prosecutor said in court Thursday that Graeme Phillip Harris hatched a plan, after a night of drinking at a University of Mississippi fraternity house, to hang a noose on a campus statue of James Meredith, the first black student at Ole Miss.
Harris, who is white, pleaded guilty Thursday to a misdemeanor charge of threatening force to intimidate African-American students and employees at the university. Prosecutors agreed to drop a stiffer felony charge in exchange for the plea arising from the incident last year.
The 20-year-old Harris faces up to a year in jail and a fine of up to $100,000. U.S. District Judge Michael Mills said sentencing will be within 60 to 90 days, and he allowed Harris to remain free on a $10,000 bond.
Assistant U.S. Attorney Bob Norman told Mills that Harris, who had a history of using racist language and saying African Americans were inferior to whites, proposed the plan to two fellow freshmen while at the Sigma Phi Epsilon fraternity house on the night of Feb 15, 2014.
That led to the plan to hang the noose and a former Georgia state flag that features the Confederate battle flag on the statue of Meredith, in a jab at Ole Miss' thorny racial history.
When a federal court ordered the university to admit Meredith in 1962, the African-American student had to be escorted onto campus by armed federal agents. The agents were attacked during an all-night riot that claimed two lives and was ultimately quelled by federal troops.
After the noose and flag were placed on the statue, Norman said Harris and one of the other freshmen returned at sunrise on Feb. 16 to observe and were filmed by a video camera at the Ole Miss student union. |
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New Jersey's top court sides with Christie on pensions
Headline Legal News |
2015/06/10 14:02
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New Jersey's top court sided with Gov. Chris Christie on Tuesday, giving him a major victory in a fight with public worker unions over pension funds and sparing a new state budget crisis.
The state Supreme Court overturned a lower-court judge's order that told the Republican governor and the Democrat-controlled Legislature to work out a way to increase pension contributions for the current fiscal year, which ends June 30.
In a 5-2 ruling, the court said there wasn't an enforceable contract to force the full payment, as unions had argued there was.
"That the State must get its financial house in order is plain," Justice Jaynee LaVecchia wrote in the majority opinion. "The need is compelling in respect of the State's ability to honor its compensation commitment to retired employees. But this Court cannot resolve that need in place of the political branches. They will have to deal with one another to forge a solution to the tenuous financial status of New Jersey's pension funding in a way that comports with the strictures of our Constitution."
She noted that the state is obligated to pay individual retirees their pensions. That's not in danger this year, but unions say the funds could start going insolvent within the next decade.
Justice Barry Albin dissented and was joined by Chief Justice Stuart Rabner.
"The decision unfairly requires public workers to uphold their end of the law's bargain — increased weekly deductions from their paychecks to fund their future pensions — while allowing the State to slip from its binding commitment to make commensurate contributions," Albin wrote. "Thus, public workers continue to pay into a system on its way to insolvency."
One of Christie's signature achievements as governor has been a 2011 deal on pensions for public workers. Employees had to pay more and the government was locked into making up for years of skipped or reduced contributions.
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High court won't hear appeal over Walker campaign probe
Headline Legal News |
2015/05/18 17:06
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The Supreme Court won't hear an appeal from a conservative group seeking to end an investigation into possible illegal coordination between Wisconsin Gov. Scott Walker's 2012 recall campaign and independent groups.
The justices on Monday let stand an appeals court ruling that said Wisconsin Club for Growth and its director, Eric O'Keefe, must resolve their claims in state courts.
No one has been charged as a result of the investigation which has sought documents and testimony about possible violation of state campaign finance laws.
The investigation is on hold while a separate legal challenge is pending before the Wisconsin Supreme Court.
The club and O'Keefe argued that the investigation was a violation of their First Amendment rights and an attempt to criminalize political speech.
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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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