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Brodsky & Smith, LLC Announces Settlement of Class Action
Lawyer Blog News |
2007/08/16 12:05
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Brodsky & Smith, LLC announces that a Court has preliminarily approved a class action settlement in TDH Partners v. The Ryland Group, Inc., et. al. involving all persons who purchased or otherwise acquired common stock of the Ryland Group, Inc. (NYSE: RYL) ("RYLAND"), between October 3, 2003 and January 7, 2004, inclusive, ("the Settlement Class"). This case is pending in the United States District Court for the Northern District of Texas. Pursuant to a Court Order, a hearing will be held in this case (the "Action") on December 11, 2007 at 10:00 A.M. before United States District Judge Jane Boyle, at the United States Courthouse, 1100 Commerce Street, Dallas, Texas 75242, to determine: (1) whether the settlement of claims asserted in this Action in return for payment of One Million, Two Hundred Thousand Dollars ($1,200,000.00) in cash plus accrued interest (the "Settlement Fund"), from which all administrative expenses, taxes owed and Court-awarded attorneys' fees and expenses will be paid, should be approved by the Court as fair, reasonable and adequate to the members of the Settlement Class; (2) whether the proposed plan of allocation for the Settlement Fund after payment of all administrative expenses, taxes owed and Court-awarded attorneys' fees and expenses (the "Plan of Allocation") is fair, reasonable and adequate to the members of the Settlement Class; (3) whether and in what amount to approve an incentive award to the Lead Plaintiff and whether to approve the application of the Class' Lead Counsel for an award of attorneys' fees not in excess of 33% and expenses not in excess of $150,000.00 should be approved; and (4) whether the Action should be dismissed with prejudice as set forth in the Settlement Agreement dated as of March 15, 2007 and filed with the Court. Persons who purchased or otherwise acquired the common stock of RYLAND during the period from October 3, 2003 through January 7, 2004, inclusive (the "Settlement Class Period"), may be affected by the settlement of this Action, including the release and extinguishment of claims they may possess relating to the purchase or other acquisition of the common stock of RYLAND during the Settlement Class Period. To share in the distribution of the Settlement Fund, eligible shareholders must establish their rights by mailing a Proof of Claim Form on or before November 15, 2007. Shareholders who desire to be excluded from the Settlement Class must file a request for exclusion by November 15, 2007, in the manner and form explained in the detailed Notice of Pendency and Proposed Settlement of Class Action. All members of the Settlement Class who have not requested exclusion from the Settlement Class will be bound by any judgment entered in the Action. |
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Sonoma County Court workers file labor complaint
Headline News |
2007/08/16 11:01
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Workers at Sonoma County Superior Court who were prohibited from wearing union paraphernalia at work filed an unfair labor practices complaint against their administrators, saying the order violated their rights. The employees were wearing pins and certain colors to show their support for the Service Employees International Union, which represents 150 court workers in contract negotiations. Their current contract expires Sept. 24. Last week, top administrators ordered them to stop wearing union symbols in public to avoid an appearance of bias. "While we understand the right to participate in negotiations and union activities, we also require conduct that does not compromise the appearance of neutrality and impartiality to the public and other court users," Court Administrator Denise Gordon said. On Tuesday, union representatives sent a complaint to the state Public Employment Relations Board, which will evaluate it, said SEIU field representative Kris Organ. |
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Law firm to dedicate Norton Commons office
Headline News |
2007/08/16 09:06
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Goldberg and Simpson PSC will dedicate its new $5 million, 35,000 square-foot office building in Norton Commons at a ribbon-cutting ceremony Monday.
The law firm is moving to the northeastern suburbs after 25 years in National City Tower downtown.
Jonathan Goldberg, the firm’s managing partner, will be presented a "key to the city" by "Mayor Jerry" - not Jerry Abramson, but Jerry Zegart, a financial adviser who has earned the nickname for his enthusiasm about living in Norton Commons.
Norton Commons partners will also be on hand.
Reporter Chris Otts can be reached at (502) 582-4589.
The first corporate building to go up in Norton Commons, it will house the firm's 63 employees on the second and third floors, with a dining area and a gym in the basement. The first floor of the building will be leased.
The ceremony is at 10 a.m. The building is at 9301 Dayflower Street. Norton Commons is off Ky. 1694 just north of Interstate 71. |
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Immigration Divides Romney and Giuliani
U.S. Legal News |
2007/08/15 16:32
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Mitt Romney accuses former New York Mayor Rudy Giuliani of making his city a haven for illegal immigrants. Giuliani denies it, insisting he cracked down on lawlessness of every kind. It's the first real clash between two leading Republican candidates who are vulnerable on immigration, a volatile issue that infuriates Republican conservatives who hold sway over primary elections. At issue are so-called sanctuary cities, places where city employees are not required to report illegal immigrants to federal authorities. Some, such as San Francisco, have declared themselves sanctuaries or refuges. Others, like New York, have never adopted the "sanctuary" moniker. New York's policy, issued by Democratic Mayor Ed Koch in 1988, is intended to make illegal immigrants feel that they can report crimes, send their children to school or seek medical treatment without fear of being reported. An estimated half-million illegal and undocumented immigrants live in New York, and only a fraction are deported each year. "What's the best thing to do about that?" Giuliani asked in 1996. "Put them in a situation in which they keep children out of school? Put them in a situation in which they don't go to hospitals? Or put them in a situation in which they don't report crimes to the police?" Giuliani went to court to preserve the policy, suing over a 1996 attempt by Congress to undo the city's protections. He lost, but Mayor Mike Bloomberg later issued a new, broader version of the policy that is still in effect. In the presidential campaign, Giuliani and Romney are talking tough on immigration, even opposing the bipartisan immigration overhaul backed by President Bush. Yet their records are not necessarily tough. For example: _Several illegal immigrants worked on Romney's lawn as employees of a lawn care company; Romney said he didn't know the company had hired illegal workers. _As mayor, Giuliani often spoke positively about illegal immigrants: "If you come here, and you work hard, and you happen to be in an undocumented status, you're one of the people who we want in this city," he told The New York Times in 1994. _Both Romney and Giuliani spoke favorably of 2006 legislation providing a path to citizenship for illegal immigrants; they opposed a similar bill earlier this year. Immigration inflames conservatives in early voting states such as Iowa and South Carolina, where some argue that illegal immigrants are straining schools and hospitals, lowering wages or taking jobs from law-abiding citizens. In Aiken, S.C., on Tuesday, Giuliani repeated a pledge to closely track immigrants with tamperproof identity cards, bolster fencing and law enforcement at the border and deport illegal immigrants who commit crimes. Giuliani planned to highlight his support for a physical and technological fence with new radio ads beginning Wednesday in New Hampshire and Iowa. His technological fence would be a system of motion detectors, night vision monitors and video cameras. Romney, inspecting border fencing and checkpoints Monday in San Diego, reiterated his plan to hire more Border Patrol agents, sanction employers who hire illegal immigrants and cut federal dollars for sanctuary cities. Romney blames "don't tell" policies, and Giuliani's support for them, for luring millions of illegal immigrants to the United States. "New York City was the poster child for sanctuary cities in the country," Romney said last week in Bettendorf, Iowa. Giuliani's defense is that he cracked down on all crimes, including illegal immigration. "New York City had the least amount of illegality per capita of any major city in the country, and I brought that change about," he said last week in Colorado Springs, Colo. And his campaign accused Romney of hypocrisy, pointing out that as governor of Massachusetts, Romney did not try to punish sanctuary cities _ Cambridge, Orleans and Somerville _ in his own state. "He had three sanctuary cities in his own state," longtime Giuliani aide Randy Mastro said. "The New York City program was very different. We had a system that protected public safety by encouraging aliens to come forward to the authorities to report crimes, and then required authorities to cooperate in the investigation and prosecution of aliens who committed crimes." Romney says he tried to curtail the problem by deputizing state police to enforce federal immigration laws. "It was exactly in response to the fact that immigration laws were not being enforced," spokesman Kevin Madden said. "It was also in conjunction with his belief that enforcement has to be a joint state and federal effort." Bloomberg, who may run for president himself, waded into the dispute this week. Asked Monday about the idea of New York as a sanctuary for illegal immigrants, he said, "Let 'em come." "I can't think of any laboratory that shows better why you need a stream of immigrants than New York City," he added. "I don't know what to tell anybody. If they don't believe that immigrants add a heck of a lot more than they cost, they just aren't looking at the numbers." |
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Baker & McKenzie - A ‘Best Law Firm for Women’
Law Firm News |
2007/08/15 15:48
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Baker & McKenzie is pleased to announce that Working Mother magazine named it one of the 2007 Working Mother & Flex-Time Lawyers Best Law Firms for Women. This recognition is the magazine’s first-of-its-kind initiative honoring trailblazers in work-life balance and women. The Firm is among fifty other law firms, selected from more than 100 applicants, recognized for its commitment to diversity and the advancement of women in the legal industry.
“We would like to thank Working Mother for this wonderful recognition, and are proud to be acknowledged for our ongoing efforts in creating and maintaining a work environment that helps our lawyers and staff balance both family and work lives,” said John Conroy, Chairman of the Executive Committee. “Baker & McKenzie has a unique multicultural heritage and commitment that embraces the importance of diversity and women in the legal industry.”
The Firm ranked ‘above average’ in five of the six criteria used to select the top law firms. These include flexibility, workforce profile, benefits and compensation, parental leave and related benefits and policies, and retention and advancement of women. The Firm ranked ‘average’ for its child care benefits.
“Since its founding, Working Mother magazine has been the champion of progressive, women-friendly changes in the workplace,” said Carol Evans, CEO, Working Mother Media. “Every year we see substantive advances in companies’ policies across the country, and we are so excited to be able to pair with Flex-Time Lawyers to celebrate change in a field that has historically struggled to support women and their life choices. I commend Baker & McKenzie for taking the lead for women lawyers.”
Some of the benefits Baker & McKenzie provides its lawyers and staff include flexible schedules; telecommuting arrangements; and paid maternity, paternity and adoption leave. These and other policies have enabled working mothers to devote time to their families while advancing a legal career. The Firm in some of its offices also celebrates a “Bring your Child to Work Day” and a “Children’s Holiday Party” each year.
Some of Baker & McKenzie’s offices have established Women’s Attorney Steering Committees to organize educational and social luncheons and other events for women attorneys. These group efforts have enabled women of the Firm to form lasting support networks that aid in the development of leadership and business development skills.
Commenting on the recognition, David Hackett, North American Managing Partner, added: “Baker & McKenzie appreciates the need to provide flexible work environments for our lawyers. Some of our lawyers work from home, some work reduced schedules, others take a year off for personal reasons but return to Baker & McKenzie on-track for partnership. They coach sports teams, volunteer at school, and contribute to their communities, while remaining successful, committed and valued lawyers at our Firm.”
The application and evaluation process for the 2007 Working Mother & Flex-Time Lawyers Best Law Firms for Women initiative was developed in a partnership by Working Mother magazine and Flex-Time Lawyers LLC and based on Working Mother’s annual 100 Best Companies.
The complete list of the 2007 Working Mother & Flex-Time Lawyers Best Law Firms for Women can be found in the August/September issue of Working Mother magazine and at www.workingmother.com and www.flextimelawyers.com.
Earlier this year, MultiCultural Law magazine named Baker & McKenzie one of the “Top 100 Law Firms for Diversity.” In 2005, the Firm was also named one of the “Top 20 Workplaces for Women in Mexico” by Mujer Ejecutiva.
http://www.bakernet.com |
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Mattel: 9M more Chinese-made toys recalled
Legal World News |
2007/08/15 15:32
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Mattel Inc. Tuesday recalled more than 9 million toys made in China and sold in the United States, including "Polly Pocket" and "Batman" dolls and other popular figures, because of loose magnets and lead paint - its second major recall in less than a month. The move, announced by the company and the Consumer Product Safety Commission (CPSC), comes after a host of other Chinese products, from seafood and pet food to tires and toothpaste, have been recalled for safety reasons in recent months. The toys recalled Tuesday were all made in China and posed a choking hazard or contained unsafe levels of lead, according to the CPSC. But the agency said there were no reports of injuries from the toys, which also included a "Barbie Doll and Tanner" play set and the car Sarge from the Pixar movie "Cars." "I apologize for the situation we are all facing," Mattel Chairman and CEO Robert Eckert told CNN. "We'll continue working very hard on the standards, and if we see more issues, we'll promptly notify people." The recall affects 9.58 million imported toys sold at toy stores, discount stores and other retailers nationwide dating back as far back as May 2003. Worldwide, Mattel said the recall includes nearly 19 million toys. In a conference call with reporters Tuesday afternoon, Eckert said more recalls may be coming as the nation's biggest toymaker tightens its quality-control standards, During the call, Mattel characterized the magnet problem as a design issue, and blamed a Chinese subcontractor for the presence of lead paint. "They did not do their own due diligence," said Ed Mierzwinski, consumer program director for the consumer group U.S. PIRG."They relied on Chinese subcontractors - that doesn't cut it." Mattel said it was recalling 72 different products, including 7.3 million "Polly Pocket" dolls and accessories, 345,000 "Batman" action figures, 253,000 "Sarge" die-cast cars, 683,000 "Barbie and Tanner" magnetic toys and 1 million "Doggie Day Care" play sets. An additional 2.4 million "Polly Pocket" play sets were recalled in November. Retailers including Wal-Mart (down $0.02 to $43.58, Charts, Fortune 500) ordered their stores to pull the affected toys from shelves and stopping them from being sold at registers. Tuesday's announcement marks another devastating blow for Mattel. Two weeks ago the company recalled 1.5 million toys made in China for its Fisher-Price unit due to the presence of lead. The company said the recalls would cost about $30 million. It also followed Monday's news that the boss of a Chinese factory that produced the lead-tainted Fisher-Price toys had committed suicide. Some 70 to 80 percent of all the toys sold in the United States are made in China, according to the CPSC. The agency estimates that hundreds of millions of toys are imported into the United States every year. "The point is when a toy come into the U.S., it must meet U.S. safety standards," Nancy Nord, acting chairman of the CPSC, told reporters after Mattel's announcement. "What I would like to see, at the end of the day, is toys tested in China before they are imported into the U.S." The recall is the latest development in the growing crisis over the safety of Chinese products. Chinese officials have gone out of their way to stress the safety and quality of its exports, blaming the problems on a small number of companies. Earlier this month, China's Commerce ministry blacklisted 400 export firms following the recent product safety scares. Mattel said consumers should stop using the affected toys immediately and contact the company for instructions about how to receive a replacement. Mattel's launched a Web site (www.mattel.com/safety/) that includes a full list of the recalled toys. Or consumers can also visit the CPSC site to learn which "Polly Pocket", "Batman", "Sarge", "Barbie and Tanner" and "Doggie Day Care" toys are affected.
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