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Spain's probe of Israelis presents legal quandary
Legal World News |
2009/02/01 16:32
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A Spanish judge's decision to investigate seven Israeli officials over a deadly 2002 attack against Hamas that had nothing to do with Spain has renewed a debate about the long arm of European justice. Critics say Madrid should mind its own business, particularly since Spain is still struggling to address its own bloody past. Supporters argue that some crimes are so heinous that all of humanity is a victim and somebody has to prosecute them. Spain is hardly alone. A number of European countries have enacted some form of "universal jurisdiction," a doctrine that allows courts to reach beyond national borders in cases of torture or war crimes. _ In 2001, a war crimes suit against Israeli Prime Minister Ariel Sharon was filed in Belgium by Palestinian survivors of the 1982 Sabra and Chatilla refugee camp massacre in Lebanon. Belgium's highest court then dismissed the war crimes proceedings against Sharon and others, ruling it had no legal basis to charge them. _ French judges have opened investigations into Congolese security officials and convicted a Tunisian Interior Ministry official of torturing a fellow citizen on Tunisian soil. _ And Spain has indicted the late Chilean dictator Augusto Pinochet and Osama bin Laden among others, including Argentine dirty war suspects. |
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NYC grand jury indicts lawyer eyed in $400M fraud
Lawyer Blog News |
2009/01/30 17:32
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A New York City grand jury has indicted a lawyer suspected of bilking hedge funds out of more than $400 million. The indictment returned Thursday in federal court in Manhattan charges Marc Dreier with conspiracy to commit securities and wire fraud. Dreier also is charged with securities fraud and wire fraud. Dreier led the law firm Dreier LLP, with 250 attorneys and celebrity clients including ex-New York Giants star Michael Strahan (STRAY'-han). He was arrested in December after hedge funds complained he was stealing from them. Dreier has remained jailed, unable to post enough cash or property toward his $20 million bail. Defense attorneys say he's cooperated with a receiver appointed by the court to take control of his assets. Prosecutors say he could face 30 years to life in prison if convicted. |
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Ex-US congressman from Oregon faces tax charges
Lawyer News |
2009/01/30 17:31
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A former Oregon congressman was indicted Thursday on federal money laundering and tax charges that prosecutors said were related to an investment fraud scheme that bilked victims out of more than $10 million. Former Rep. Wes Cooley, who represented Oregon's 2nd District in Congress from 1995 to 1997, is charged with six counts of concealment money-laundering and one count of subscribing to a false tax return. He is accused of participating in the scheme from December 1999 until April 2004. In 2002 alone, Cooley took $1.1 million from investors, laundered it to conceal the fraud scheme and falsified his tax return to avoid paying taxes, prosecutors said. If convicted, he faces a maximum sentence of 38 years in prison. According to the indictment, Cooley and two other men, George Tannous and De Elroy Beeler Jr., lured victims into purchasing unregistered stock in Bidbay.com Inc. by telling them the company would be acquired by eBay for $20 per share. Cooley was the vice president of Bidbay. Prosecutors said eBay had no plans to buy the company and even sued Bidbay.com for trademark infringement over the use of "bay" in its name. Tannous and Beeler both pleaded guilty to charges related to the case. Cooley's attorney, Richard Moss, said his client cooperated with the investigation but might have difficulty recalling things that happened several years ago. "He's 76, but he's not a young 76," Moss said. "He's not in good health." In 2005, a civil jury in St. Louis found Cooley and Tannous lied to investors in the Internet startup. The two were ordered to pay $2.2 million to 11 investors. Cooley denied any involvement in fraud, testifying that he had suffered three strokes and could remember nothing from the previous 15 years of his life. He now lives in Palm Springs. |
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Texas executes inmate for killing fellow prisoner
Lawyer Blog News |
2009/01/30 17:28
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Texas has executed a prison gang member who fatally injected a fellow inmate with an overdose of heroin in retaliation for snitching on him.
Ricardo Ortiz was pronounced dead at 6:18 p.m. Thursday.
The 46-year-old was the fifth Texas inmate to die this year and the second of two executions in consecutive nights this week in the nation's most active death penalty state. Ortiz was condemned for the retaliation slaying of 22-year-old Gerardo Garcia more than 11 years ago. Authorities say Garcia was killed so he couldn't testify about bank robberies the pair was suspected of carrying out. The U.S. Supreme Court rejected an appeal Thursday to delay the execution. Ortiz had argued he should get federal money to pay for help filing a state clemency request. |
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Exxon Mobil sets record with $45.2 billion profit
Business Law Info |
2009/01/30 11:32
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Exxon Mobil Corp. on Friday reported a profit of $45.2 billion for 2008, breaking its own record for a U.S. company, even as its fourth-quarter earnings fell 33 percent from a year ago. The previous record for annual profit was $40.6 billion, which the world's largest publicly traded oil company set in 2007. The extraordinary full-year profit wasn't a surprise given crude's triple-digit price for much of 2008, peaking near an unheard of $150 a barrel in July. Since then, however, prices have fallen roughly 70 percent amid a deepening global economic crisis. In the fourth quarter alone crude tumbled 60 percent, prompting spending and job cuts in an industry that was reporting robust, often record, profits as recently as last summer. With piles of cash and diversified operations, the majors like Exxon Mobil have fared better than many smaller oil and gas companies, but Friday's results show no one is completely insulated from the ongoing malaise. Irving, Texas-based Exxon said net income slid sharply to $7.8 billion, or $1.55 a share, in the October-December period. That compared with $11.7 billion, or $2.13 a share, in the same period a year ago, when Exxon set a U.S. record for quarterly profit. It has since topped that mark twice, first in last year's second quarter and then with earnings of $14.83 billion in the third quarter.
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Obama touts equal-pay bill at signing ceremony
U.S. Legal News |
2009/01/29 16:40
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President Barack Obama signed an equal pay bill into law Thursday, declaring that it's a family issue, not just a women's issue. The president picked the Lilly Ledbetter Fair Pay Act for the first piece of legislation to sign as president. He appeared before a packed East Room audience for a ceremony, and Ledbetter stood at his side. His entrance in the room was met with hearty cheers from the many labor and women's groups represented there. House Speaker Nancy Pelosi, the first woman speaker in the history of Congress, and Secretary of State Hillary Clinton, were present. Clinton went further than any woman previously in her campaign for the presidency, although she ultimately lost the Democratic Party competition to Obama. The measure is designed to make it easier for workers to sue for decades-old discrimination. He said "this is a wonderful day." The law effectively nullifies a 2007 Supreme Court decision that said workers had only 180 days to file a pay-discrimination lawsuit. Ledbetter said she didn't become aware of a pay discrepancy until she neared the end of her 19-year career at a Goodyear Tire & Rubber Co. plant in Gadsden, Ala. She sued, but the Supreme Court in 2007 said she missed her chance. The court said in its 5-4 ruling that a person must file a claim of discrimination within 180 days of a company's initial decision to pay a worker less than it pays another worker doing the same job. Under the new bill, given final passage in Congress this week, every new discriminatory paycheck would extend the statute of limitations for another 180 days. Congress attempted to update the law to extend the time, but the Bush White House and Senate Republicans blocked the legislation in the last session of Congress Opponents contended the legislation would gut the statute of limitations, encourage lawsuits and be a boon to trial lawyers. They also argued that employees could wait to file claims in hopes of reaping larger damage awards. The bill does not change current law limiting back pay for claimants to two years. |
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