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Court: Disgraced ex-journalist can't practice law
Headline Legal News |
2014/01/30 15:49
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The California Supreme Court on Monday denied a law license to a disgraced former journalist who was caught fabricating dozens of stories for major national magazines.
The unanimous seven-judge court ruled that Stephen Glass had insufficiently rehabilitated himself in the years since his misdeeds, saying he "failed to carry his heavy burden of establishing his rehabilitation and current fitness."
Glass' misdeeds stunned the profession when they were uncovered in 1998. His widely publicized fall from grace earned the rising star a prominent place in the pantheon of journalistic cheats and scoundrels such as Janet Cooke and Jayson Blair — two prominent reporters caught fabricating quotes, sources and entire stories.
Glass' ethical missteps were turned into the Hollywood movie "Shattered Glass" and recounted in his novel "The Fabulist," for which he earned $190,000. |
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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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