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Georgia man accused in hot car death to appear in court
Stock Market News | 2015/10/12 11:29
A Georgia man accused of killing his toddler son by leaving him in a vehicle on a hot day is set to appear in court for a hearing.

Cobb County Superior Court Judge Mary Staley is set to hear arguments on pretrial motions Monday in the case of Justin Ross Harris.

Police have said Harris left 22-month-old Cooper in an SUV for about seven hours on a day when temperatures reached at least the high 80s in the Atlanta area. He faces multiple charges, including malice murder, felony murder and cruelty to children.

Harris has been in custody since June 18, 2014, the day his son died. He was indicted in September 2014 and has pleaded not guilty. His attorneys have said the child's death was a tragic accident.




Indiana's high court to consider State Fair stage collapse
Stock Market News | 2015/09/24 22:59
The Indiana Supreme Court is set to consider whether the state is responsible for some of the legal damages faced by a company that supplied stage rigging that collapsed at a state fair event in 2011, killing seven people.

The justices are scheduled to hear oral arguments Wednesday in the state's appeal of a March Court of Appeals ruling involving Mid-America Sound Corp.

That ruling found Indiana might be responsible for some legal damages faced by Mid-America, after high winds toppled the stage rigging onto fans awaiting the start of a concert by country duo Sugarland in August 2011.

Mid-America contends the state is financially responsible by contract for the cost of its defense and any judgments against it.



Court upholds most counts against ex-financier
Stock Market News | 2014/09/02 16:32
A U.S. appeals court on Thursday upheld 10 convictions against an Indianapolis financier but overturned two wire fraud counts, saying the government failed to enter into the record key documentary evidence.

Timothy Durham and co-defendants Jim Cochran and Rick Snow were convicted in 2012 of swindling thousands of investors out of $200 million. Durham was convicted on 12 counts and sentenced to 50 years; Cochran was convicted on eight counts and sentenced to 25 years; Snow was convicted on five counts and sentenced to 10 years.

The 7th Circuit Court of Appeals in Chicago rejected most of the appeals but overturned two involving the transfer of $250,000 and $50,000.

The appeals court said the government's failure to enter the documentary evidence "was clearly an oversight, but the mistakes leaves a crucial gap in the evidence in those counts." It said the government used single-page printouts to establish the wire transfers were made in furtherance of the fraudulent scheme.


Fed reduced bond buys after seeing big job gains
Stock Market News | 2014/01/09 12:02
The Federal Reserve agreed last month to modestly reduce its bond purchases because of improvements in the job market that many Fed members felt would be sustained.

Many participants called the job gains "meaningful," according to minutes of the Dec. 18-19 meeting that were released Wednesday.

Still, the minutes showed that some participants worried that investors might misread the move as a step toward raising the Fed's key short-term interest rate.

In response, the Fed said it plans to keep its short-term rate low "well past" the time the unemployment rate dropped below 6.5 percent, as long as inflation stayed low.

Some members wanted to lower that unemployment threshold to 6 percent. But the majority opposed doing so. They favored assessing a range of measures of the job market — not just the unemployment rate — in making any policy changes.

Analysts said the improving job market and better overall economic conditions apparently convinced the Fed that they could take a cautious first step toward trimming the bond purchases.


Stocks gain after manufacturing eases Fed concern
Stock Market News | 2013/06/03 14:14
Investors judged that the latest weak economic reports will make it more likely that the Federal Reserve will continue to stimulate the economy and support a rally on Wall Street.

On Monday, a measure of U.S. manufacturing fell in May to its lowest level since June 2009 as overseas economies slumped and weak business spending reduced new orders to factories.

That helped convince investors that the Fed will hold off from slowing down its $85 billion bond-buying program. Speculation that the central bank was set to ease that stimulus, a major support for this year’s rally in stocks, has caused trading to become volatile in the last two weeks.

The Standard & Poor’s 500 index fell in the morning after the manufacturing report was published at 10 a.m. It moved between gains and losses for much of the day, then climbed decisively in the last hour of trading.



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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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