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Court raises sentence for banker who smuggled a Picasso
Stock Market News |
2020/02/02 18:59
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A Spanish court has raised the sentence against a former bank president found guilty of trying to smuggle a painting by Pablo Picasso out of the country.
The Madrid court announced the decision Tuesday to raise the sentence against fined ex-Bankinter head Jaime Botin to three years instead of 18 months. The move came after the prosecution detected an error in the original sentence handed down last month.
The court also raised the amount Botin was fined from 52.4 million euros ($57. 9 million) to 91.7 million euros.
The trial last year heard how a team of Spanish police experts flew to the French island of Corsica in 2015 to retrieve the painting, Picasso’s masterpiece “Head of a Young Woman.” The Spanish government had ruled in 2012 that the painting, which is valued at some 24 million euros ($26.5 million), could not be taken out of the country.
The work was owned by Botin, an uncle of Ana Botin, president of the powerful Santander banking group.
Corsican authorities said they had been tipped off about an attempted smuggling of the prized painting from Spain by boat. They said the oil painting, which comes from the Cubist master’s “pink period” and features a woman with long black hair, was seized when the boat’s captain was unable to produce a proper certificate.
On the boat, authorities found a document in Spanish confirming that the work was of “cultural interest” and was banned from leaving Spain, Picasso’s homeland, without permission.
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Court: Motorcyclist wrong to turn license plate upside down
Stock Market News |
2020/01/30 11:11
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A motorcyclist cited for turning his license plate upside down because he thought “it was cool” has lost another bid to rescind a traffic ticket he received.
In a ruling issued Tuesday, a state appellate court determined that the ticket and the $139 penalty Scott DiRoma received in municipal court were both justified. The ruling upheld a decision issued by a Somerset County judge.
DiRoma was driving his motorcycle in Warren Township in June 2018 when he was stopped by a police officer who noticed his license plate was mounted upside down. DiRoma told the officer he liked the way the plate looked and “wanted to be different,” authorities have said.
A municipal court judge eventually imposed a $106 fine and $33 in court costs after DiRoma was found guilty of violating a state law mandating that license plates be kept clear and distinct.
DiRoma appealed that decision, arguing that the law doesn't prohibit an upside-down license plate on a motorcycle because lawmakers drew a distinction between motorcycle and automobile plates. He also claimed the law is unconstitutionally vague.
The county judge, though, found that lawmakers did not intend for drivers to mount their license plates upside down because it would impact law enforcement's ability to protect the public on roadways.
In rejecting DiRoma's claims, the appellate court ruled an upside-down plate on any type of vehicle causes the reader to view characters in reverse order, which would lead to confusion, doubt, and mistake. That would clearly impede law enforcement’s ability to perform its duties, the judges wrote. |
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Dutch court throws out case against Israeli military chiefs
Stock Market News |
2020/01/27 11:08
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A Dutch court threw out a civil case Wednesday brought by a Dutch-Palestinian man seeking damages from two former Israeli military commanders for their roles in a 2014 airstrike on a Gaza house that killed six members of his family.
The Hague District Court ruled that the case filed by Ismail Zeyada can't proceed because the commanders, including high profile former military chief Benny Gantz, have immunity.
Zeyada was attempting to sue Gantz, who is now a prominent Israeli politician, and former Israeli air force commander Amir Eshel. Neither Gantz nor Eshel was in court for the decision.
Zeyada, who lives in the Netherlands, brought the case in The Hague because he argued he can't successfully hold Israeli military leaders accountable in Israeli courts.
But presiding judge Larisa Alwin said the court can't hear the case because the commanders “enjoy functional immunity from jurisdiction” as their actions were part of a state-sanctioned military operation.
Zeyada said he and his lawyers would study the ruling with a view to appealing. “I owe it to all the Palestinians who have suffered and continue to suffer the same fate, to continue this struggle to achieve what is denied to them: Access to independent justice and accountability for the unspeakable crimes committed against them,” he told reporters outside the courtroom.
The court agreed with the arguments of Dutch lawyers representing the men who said last year they should reject the case for lack of jurisdiction because the commanders have immunity because their actions in the 2014 Gaza conflict were part of an Israeli military operation and that Zeyada was free to sue them in Israel.
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Bangladesh court orders 231 factories closed to save river
Stock Market News |
2020/01/17 09:49
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Bangladesh’s High Court has asked authorities to shut down 231 factories surrounding the highly polluted main river in the nation’s capital, lawyers and activists said Tuesday.
Manzil Murshid, who filed a petition with the court seeking its intervention, said the factories are mainly small dyeing, tanning and rubber plants operating without approval from the Department of Environment. Such factories often are able to operate with the backing of influential politicians or by bribing government officials.
The court’s decision Monday on the factories near the River Buriganga was hailed by environment activists despite some previous court orders that were not carried out by government authorities, Murshid said.
Murshid represents Human Rights and Peace for Bangladesh, a domestic advocacy group.
He said the decision came after the environment department submitted a report on 231 factories that operate illegally and contribute highly to the pollution. The court also asked the officials to prepare “a complete list of illegal factories or factories without effluent treatment plants” operating in and around Dhaka within three months.
“This is a good decision. The court has asked the authorities to disconnect water, electricity and other utility services for factories that are polluting the Buriganga,” he told The Associated Press on Tuesday.
Amatul Karim, who represented the Department of Environment in the case, said the court’s order came after a thorough examination of the history of the factories, the level of pollution of the river and overall damage to the environment.
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WikiLeaks' Assange in UK court fighting extradition to USA
Stock Market News |
2020/01/13 10:04
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WikiLeaks founder Julian Assange made a brief court appearance Monday in his bid to prevent extradition to the United States to face serious espionage charges.
He and his lawyers complained they weren't being given enough time to meet to plan their battle against U.S. prosecutors seeking to put him on trial for WikiLeaks' publication of hundreds of thousands of confidential documents.
The 48-year-old was brought to court from Belmarsh Prison on the outskirts of London. He saluted the public gallery, which was packed with ardent supporters including the musician MIA, when he entered the courtroom. He later raised his right fist in defiance when he was taken to holding cells to meet with lawyer Gareth Peirce.
Peirce said officials at Belmarsh Prison are making it extremely difficult for her to meet with Assange.
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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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