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Court close to seating Blagojevich jury
Court News | 2011/04/28 03:31
Jury selection in the retrial of former Illinois Gov. Rod Blagojevich is entering the home stretch after dragging on for longer than expected.

Thursday should be the last day of questioning of would-be jurors by U.S. District Judge James Zagel. He told attorneys Wednesday that opening arguments would take place Monday.

After a week of jury selection, 42 people are in the pool of potential jurors. Zagel says he only needs a few more before picking the final 12 jurors and six alternates.

One person the judge agreed to dismiss was a woman who had tickets to "The Oprah Winfrey Show." She had worried jury duty would force her to miss it.

Another person bumped was a school teacher who the judge said displayed "terrible grammar" in his questionnaire.


Court hears arguments in new global warming case
Court News | 2011/04/19 08:40
The Obama administration and leading power companies are going before the Supreme Court in an effort to block a global warming lawsuit aimed at forcing cuts in greenhouse gas emissions.

The justices are hearing arguments Tuesday in the court's second climate change case in four years. A half-dozen states, New York City and three land trusts sued four private utilities and the Tennessee Valley Authority over emissions of carbon dioxide from plants in 20 states. The lawsuit says carbon dioxide, which is produced when coal, gasoline and other fossil fuels burn, is one of the chief causes of global warming.

The administration and the companies say federal courts should not set environmental policy. The administration says the Environmental Protection Agency is developing regulations that would accomplish what the states are seeking.



Louisiana to get $12M in Health Net case
Court News | 2011/04/06 09:34

The Louisiana Supreme Court has ordered Health Net Inc., a major health maintenance organization, to cover more than $180 million in claims by consumers, health care providers and creditors in Louisiana, Oklahoma and Texas.

Louisiana Insurance Commissioner Jim Donelon told The Advocate that Louisiana will get the smallest portion of the payout.

"We have about $12 million coming to us to policyholders, providers and general creditors, meaning companies who sold them supplies or that rented them space," Donelon said.

Donelon said the unanimous ruling, issued Friday, will reimburse all of AmCare Louisiana HMO's members, providers, and creditors for any losses caused by Health Net's conduct.

Health Net sold health plans in the three states to AmCareco Inc. in 1999. In 2002, the troubled health plans were placed under state supervision. Each of the state's insurance departments sued AmCareco and Health Net, alleging fraud, negligence, conspiracy and breach of fiduciary duty.

In 2005, a state district court jury awarded the Texas plaintiffs around $100 million in damages. In 2005, a state judge in Baton Rouge issued similar verdicts against Health Net and awarded $30 million to the Louisiana and Oklahoma plaintiffs.



NY firm buys RI's WLNE-TV for $4 million
Court News | 2011/03/23 09:48

A Bronxville, N.Y.-based broadcasting company is buying a struggling affiliate of the ABC broadcast network in Rhode Island for $4 million.

A Superior Court judge in Providence approved the bid by Citadel Communications LLC to buy WLNE-TV on Tuesday because it was the only bidder that had struck an affiliation agreement with ABC. The station's expired affiliate agreement had been extended to April 1.

Court-appointed receiver Matthew McGowan says the deal with ABC was decisive because ABC could yank its signal. Three bidders who had not reached a deal with ABC were required to put the money upfront and competitively bid for the station, but they declined to do so.

Global paid $14 million for WLNE-TV in 2007. The firm went into receivership in 2010. Owner Kevin O'Brien did not respond to a call for comment.




Horizon Lines to plead guilty to fixing prices
Court News | 2011/02/23 09:12

U.S. authorities say the shipping company Horizon Lines LLC has agreed to plead guilty to fixing prices and to pay a $45 million fine.

A Justice Department statement Thursday says the company was accused of conspiring to fix rates and surcharges for freight transportation between the United States and Puerto Rico from May 2002 until April 2008.

Five former executives have been sentenced after pleading guilty in 2008 to charges related to the shipping conspiracy.

The Charlotte, North Carolina-based company has a fleet of 20 U.S.-flagged cargo ships that carry items including heavy equipment, medicines and consumer goods.

In June 2009, the company agreed to pay $20 million to settle a class action price-fixing lawsuit.



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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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