Lawyer News
Today's Date: U.S. Attorney News Feed
High court won't review oil royalties case
Legal Career News | 2009/10/05 15:26

The Supreme Court has left in place a court ruling that the Obama administration says will cost taxpayers at least $19 billion in royalties on energy leases in the Gulf of Mexico.

The justices declined Monday to hear the government's appeal of a ruling in favor of the Anadarko Petroleum Corp. involving eight deepwater leases the company holds in the gulf. The 5th U.S. Circuit Court of Appeals in New Orleans ruled that the Interior Department could not collect royalties from the leases, even as oil prices rose and companies began posting huge profits.

The leases were obtained between 1996 and 2000 by Kerr-McGee Corp., which Anadarko later acquired.

The case revolves around a 1995 law that gave oil and natural gas producers a break from paying royalties at a time when energy prices were extremely low. The law waived all royalty payments until a specific amount of oil and gas was produced.

Solicitor General Elena Kagan told the court that the Interior Department has the authority to lift the royalty relief once prices reach a certain level.

The ruling could affect other leases and prohibit the government from collecting royalties from other producers.




Court halts Ohio execution, cites injection flaws
Court Feed News | 2009/10/05 15:26

A federal appeals court has halted the execution of a man who strangled his 67-year-old neighbor, citing last month's failed attempt to execute another inmate in Ohio.

The 6th U.S. Circuit Court of Appeals ruled 2-1 Monday to delay the execution of 43-year-old Lawrence Reynolds until a federal judge has time to hear arguments over problems with the Sept. 15 injection process. Reynolds had been scheduled to die Thursday.

Gov. Ted Strickland stopped the planned execution of Romell Broom after executioners tried for two hours to find a usable vein.

Broom's execution also is on hold while his attorneys prepare for a federal court hearing Nov. 30. They argue that an unprecedented second execution attempt on Broom violates a constitutional ban on cruel and unusual punishment.



High court refuses to hear insider trading appeal
Lawyer Blog News | 2009/10/05 15:25

The Supreme Court has refused to hear former Qwest CEO Joseph Nacchio's appeal of his insider trading conviction.

The court said Monday it would not entertain Nacchio's request that he either be acquitted of the charge or granted a new trial.

Prosecutors said Nacchio sold $52 million worth of stock in 2001 while knowing that Denver-based Qwest Communications International Inc. would have trouble meeting its sales goals. Nacchio began serving a six-year sentence on April 14.

He contended the jury was given improper instructions about what internal information had to be disclosed publicly. He also argued that the trial judge improperly barred testimony from an expert who could have explained Nacchio's trading patterns.



Miami law firm eyed in Stanford scandal
Law Firm News | 2009/10/05 13:28

A Miami law firm allegedly helped jailed financier R. Allen Stanford establish an unregulated money pipeline to Antigua, The Miami Herald reported Sunday.

The newspaper said in 1998 the firm of Greenberg Traurig helped Stanford, who is charged with running a $7 billion Ponzi scheme, in create a pipeline between Miami and Antigua that became a cornerstone of Stanford's banking empire. That relationship has reportedly been targeted by a court-appointed receiver that is trying to recover money for Stanford's alleged victims.

The Herald said Greenberg Traurig helped Stanford set up a special trust office in Miami that could move millions of dollars overseas without having to report anything to the government.

The firm also allegedly helped Stanford institute changes in Antigua's banking system after a series of money laundering scandals prompted the U.S. Treasury to consider blacklisting all offshore institutions in the Caribbean island, officials say.



Court won't force Ill. to have 'Choose Life' plate
Lawyer Blog News | 2009/10/05 09:25
The Supreme Court has refused to hear an anti-abortion's group request to force a state to issue "Choose Life" license plates.

The high court on Monday left in place a federal appeals court ruling that state officials were within their rights in trying to keep viewpoints on abortion off of Illinois license plates. Choose Life Illinois, Inc. sued to force the state to issue the plates.



Deal proposed to Lehman Brothers Europe creditors
Business Law Info | 2009/10/05 07:26

The administrators of Lehman Brothers' assets in Europe said Monday that they may seek a direct agreement with hedge funds and other creditors to return money tied up since the collapse of the parent company as an alternative to a court-sanctioned settlement.

PricewaterhouseCoopers — which controls some $8.9 billion in assets from Lehman Brothers International (Europe) since the parent company went bankrupt on Sept. 15, 2008 — has proposed a contractual agreement with creditors following an adverse ruling by the High Court in London. The court ruled in July that it had no power to grant the administrators' request to set a "bar date" or deadline for creditors to file claims.

PricewaterhouseCoopers is appealing the court ruling, with a hearing expected on Oct. 26, but meanwhile it has disclosed a timetable for the alternate settlement.

The administrators sought a bar date because they had not received responses from all clients of Lehman Brothers, they could not depend on the accuracy of Lehmans' record and had not received all the information requested from custodians, depositories and affiliates of Lehman Brothers International (Europe).



[PREV] [1] ..[697][698][699][700][701][702][703][704][705].. [1276] [NEXT]
   Lawyer News Menu
All
Lawyer Blog News
Court Feed News
Business Law Info
Class Action News
Criminal Law Updates
Employment Law
U.S. Legal News
Legal Career News
Headline News
Law & Politics
Attorney Blogs
Lawyer News
Law Firm Press
Law Firm News
Attorneys News
Legal World News
2008 Metrolink Crash
   Lawyer News Video
   Recent Lawyer News Updates
Judge bars deportations of V..
Judge to weigh Louisiana AG..
Court won’t revive a Minnes..
Judge bars Trump from denyin..
Trump says he’s in ‘no rus..
Supreme Court sides with the..
Ex-UK lawmaker charged with ..
Hungary welcomes Netanyahu a..
US immigration officials loo..
Appeals court rules Trump ca..
Turkish court orders key Erd..
Under threat from Trump, Col..
Military veterans are becomi..
Japan’s trade minister fail..
Supreme Court makes it harde..
Trump signs order designatin..
US strikes a deal with Ukrai..
Musk gives all federal worke..
Troubled electric vehicle ma..
Elon Musk has called for the..
   Lawyer & Law Firm Links
St. Louis Missouri Criminal Defense Lawyer
St. Charles DUI Attorney
www.lynchlawonline.com
Family Law in East Greenwich, RI
Divorce Lawyer - Erica S. Janton
www.jantonfamilylaw.com/about
San Francisco Trademark Lawyer
San Francisco Copyright Lawyer
www.onulawfirm.com
Raleigh, NC Business Lawyer
www.rothlawgroup.com
Oregon DUI Law Attorney
Eugene DUI Lawyer. Criminal Defense Law
www.mjmlawoffice.com
New York Adoption Lawyers
New York Foster Care Lawyers
Adoption Pre-Certification
www.lawrsm.com
Legal Document Services in Los Angeles, CA
Best Legal Document Preparation
www.tllsg.com
Connecticut Special Education Lawyer
www.fortelawgroup.com
Family Lawyer Rockville Maryland
Divorce lawyer rockville
familylawyersmd.com
© Lawyer News - Law Firm News & Press Releases. All rights reserved.

Attorney News- Find the latest lawyer and law firm news and information. We provide information that surround the activities and careers in the legal industry. We promote legal services, law firms, attorneys as well as news in the legal industry. Review tips and up to date legal news. With up to date legal articles leading the way as a top resource for attorneys and legal practitioners. | Affordable Law Firm Website Design