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Court Reiterates $82.6M Award for Woman
Court Feed News |
2008/03/11 16:46
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A California appeals court said a woman who was paralyzed after her Ford Explorer rolled over is entitled to $82.6 million in damages from the automaker. The 4th District Court of Appeal was asked by the U.S. Supreme Court to review the case after Ford Motor Co. appealed the award, arguing that it was being punished even though the design of the vehicle met federal safety standards. Benetta Buell-Wilson was driving on an interstate east of San Diego in January 2002 when she swerved to avoid a metal object and lost control of her 1997 Explorer, which rolled 4 1/2 times. The mother of two was paralyzed from the waist down when the roof collapsed on her neck, severing her spine. A jury initially awarded Buell-Wilson $369 million, including $246 million in punitive damages but courts twice cut the size of the award. The $82.6 million approved by the appeals court Monday includes punitive damages of $55 million. The Supreme Court wanted the appeals court to determine if its ruling was in line with an earlier Supreme Court decision overturning a $79.5 million punitive damages award in a tobacco case. |
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Ga. Court Shooting Trial Resumes in July
Court Feed News |
2008/03/11 14:44
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The murder trial of accused courthouse shooter Brian Nichols will resume July 10, a judge decided Monday even as he considered hearing the three-year-old case at another courthouse. The trial was suspended during jury selection in October because of problems funding Nichols' defense. Those problems have not been completely resolved, but Judge James Bodiford has sought to move the case along. The case will resume with the same jury pool on a date roughly midway between what prosecutors and defense attorneys had sought. At the hearing Monday, prosecutors asked that the trial resume June 16 while the defense wanted a Sept. 8 date. "This case needs a start date, a real start date," Bodiford said. Now, the question is where to hold the trial. Up until now, the plan was to hold the trial in the Fulton County Courthouse complex, where the March 11, 2005, shooting spree began. Defense lawyers had previously asked that the trial be moved to another location in the county, but that request was denied by the previous judge overseeing the case because no other courthouse was suitable or was willing to host the trial. |
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Prostitution Scandal Threatens N.Y. Gov
U.S. Legal News |
2008/03/11 14:37
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As Gov. Eliot Spitzer faced mounting calls to resign amid a prostitution scandal, a law enforcement official said Tuesday that the governor first came under suspicion because of cash payments from several bank accounts to an account operated by a call-girl ring. Spitzer was the initial target of the investigation and was tracked using court-ordered wiretaps that appear to have recorded him arranging for a prostitute to meet him at a Washington hotel in mid-February, the official said. The official spoke to The Associated Press condition of anonymity because of the sensitivity of the investigation. The scandal surrounding the man who built his political reputation on rooting out corruption stunned the state. Calls for Spitzer's resignation began immediately and intensified Tuesday with the New York Daily News, New York Post and Newsday all demanding that he step down. Spitzer retreated from public view Monday afternoon, when he appeared glassy-eyed with his shellshocked wife, Silda, at his side and apologized to his family and the public, but did not directly acknowledge any involvement with the prostitute. |
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Fed to Lend $200 Billion More to Ease Market Strain
Business Law Info |
2008/03/11 13:38
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Scrambling to ease the strain on the credit market, the Federal Reserve announced a $200 billion program on Tuesday that would allow financial institutions, including the nation’s major investment banks, to borrow ultra-safe Treasury money by using some of their riskiest investments as collateral. Wall Street responded with a rally, with the Dow Jones industrials surging 150 points. This was the central bank’s second effort in a week to unfreeze the nation’s panicky credit markets, where investors have become too frightened to finance even conservative debt offerings, which in turn has caused a cash squeeze at seemingly solid financial institutions. Stock markets soared after the announcement, with the Dow Jones industrials gaining 260 points before falling back to 11,925.85, a 185-point gain, at 12:30 p.m. as brightened investors snapped a three-day losing streak. The Standard & Poor’s 500-stock index was up 1.4 percent, and the Nasdaq composite index gained 1.5 percent. The Fed normally lends Treasury securities to banks for just a few hours. Under the new program, money will be lent for 28 days and the central bank will accept nongovernment mortgage-backed securities — the source of the current crisis in the credit markets — as collateral. The Fed will require that the assets, which are linked to soured home loans, have a premium credit rating. The new program, dubbed the Term Securities Lending Facility, will effectively allow strapped financial institutions to hand over potentially damaged securities to the government in exchange for either cash or easily traded Treasury securities, some of the safest in the market. |
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Philippine Court Acquits Imelda Marcos
Legal World News |
2008/03/11 09:46
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A Manila court Monday acquitted the flamboyant widow of late dictator Ferdinand Marcos of 32 counts of illegally transferring wealth abroad during her husband's 20-year rule. The decision by Judge Silvino Pampilo Jr. of the Manila Regional Trial Court came after a 17-year trial in the case, involving some $863 million in Swiss bank accounts. Pampilo said the prosecution presented witnesses that were not directly relevant to the accounts, and failed to prove wrongdoing by Marcos beyond a reasonable doubt. Marcos and two associates were accused of unlawfully opening 11 dollar accounts in Switzerland under the names of 10 foundations linked to the Marcos family to hide alleged ill-gotten wealth, Pampilo said in a telephone interview. "The prosecution presented inadmissible evidence," he added. The money has been frozen by the government and is being held in escrow at the Philippine National Bank. Pampilo said the forfeiture proceedings for the funds are separate and being handled by the anti-graft court Sandiganbayan, and that Marcos was acquitted only on the criminal case. The wealthy socialite, 79, gained fame for the extensive shoe collection and diamond- encrusted tiaras she left behind when she and her husband fled the country after his 1986 fall from power. |
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Court Complaint Lodged Over Thai Lottery
Legal World News |
2008/03/11 08:45
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An anti-corruption body set up to investigate the activities of ousted Prime Minister Thaksin Shinawatra's government filed a court complaint against him, his former Cabinet and other officials Monday alleging abuse of power in implementing a government lottery. Among the 47 people named in the lawsuit filed with the Supreme Court are three members of the current Cabinet, according to Sitthichoke Sricharoen, a lawyer representing the Assets Examination Committee. "It is now up to the Supreme Court to decide whether or not to accept the case," Sitthichoke said. The targets of the suit are accused of malfeasance for allegedly mismanaging and illegally spending money gained from the lottery scheme initiated by Thaksin's government. The complaint alleged that irregularities in the scheme caused the state $1.17 billion in financial losses. It asked the Supreme Court to order the 47 people to pay the damages. Thaksin's government launched the lottery in 2003, saying it would lure people away from the popular illegal underground lottery and also would generate revenue for education. In addition to officials of the government lottery office, the suit targets Thaksin — who was toppled in a 2006 military coup and returned from exile last month to face other cases against him — and 29 members of his former Cabinet. Three of those named in the suit are in the current government of Thaksin ally Samak Sundaravej. The committee had previously submitted the case to the Attorney General's office, which had declined to prosecute it. This time it decided to submit the complaint directly to the Supreme Court's criminal division for political office holders, said Sitthichoke. Rakkiat Pattanaphong, the division's secretary, said a panel of nine judges will take 30 days to deliberate whether to accept the case and order a trial. The AEC was established right after the September 2006 coup that toppled Thaksin. There are several other corruption-related suits under way against Thaksin and his family, but none have yet come to trial. |
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