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State's largest court poised for staff cutback
Court News |
2013/06/20 15:27
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Los Angeles court officials will layoff or cut 539 jobs, likely resulting in long lines and reduced services.
Presiding Superior Court Judge David Wesley made the announcement Thursday, further restricting a court system that began facing cuts with the budget crisis in 2008.
"We have reached the new normal, and there is nothing to like about it," said Wesley.
He said the cuts will save $56 million a year but undermine the goal of a court system serving all areas of the county.
"This is not the neighborhood court we worked so hard to build," Wesley said in a written statement. "It is not our vision for access to justice. But this is the court the state is willing and able to support."
By the time July 1 rolls around, Wesley said the court will have eliminated 30 percent of its budgeted staff positions since 2002. It marks a 24 percent reduction since the state budget crisis began in 2008.
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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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