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Wife of NY pharmacy suspect pleads not guilty
Court Feed News |
2011/07/19 12:54
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A woman accused of driving the getaway car after her husband allegedly massacred four people in a holdup for prescription painkillers pleaded not guilty to an upgraded robbery charge on Tuesday.
Melinda Brady now faces a first-degree robbery charge, which carries up to 25 years in prison if she's convicted. She had previously been charged with third-degree robbery.
The judge ordered her held without bail. She had been jailed on $750,000 bail since she and her husband were arrested last month.
Police said Brady told investigators that she and her husband, David Laffer, plotted the Father's Day robbery in Medford, N.Y., but that she did not know the plan involved killing.
About 20 relatives of the victims watched from the gallery of the crowded courtroom.
Brady, 29, was arrested on robbery and obstruction charges. She blamed her husband when she was led from police headquarters to a nearby precinct holding cell following her arrest last month. |
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DC killing suspect escapes by switching identities
Criminal Law Updates |
2011/07/18 15:17
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Authorities searched Saturday for a man charged with first-degree murder who allegedly swapped identities with another prisoner and walked out of a Washington courthouse. U.S. Marshals spokesman David Neumann said officials are looking for 24-year-old James Brewer, a suspect in a fatal shooting in Washington in June. Neumann said authorities are still investigating how Brewer escaped Friday. D.C. Superior Court records, however, say that before Brewer was called before a judge, he switched identification bracelets with a prisoner arrested on a drug charge. Brewer then apparently posed as the other person and was released because the charge, possession of PCP, is a misdemeanor. Brewer is described as a black man, 5 feet, 9 inches tall, about 180 pounds with dreadlocks. Brewer, who also goes by "Sticky," is considered armed and dangerous. Officials say he is known to travel to Newport News, Va., where he was arrested Thursday. He may also be interested in traveling to Philadelphia. |
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Man in court for NY-to-LA flight stowaway charges
Criminal Law Updates |
2011/07/18 12:14
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A Nigerian American man is scheduled to be arraigned Monday in Los Angeles on charges he breached airport security in New York and got a free ride on an LA-bound flight.
Twenty-four-year-old Olajide Oluwaseun Noibi faces up to 15 years in prison if convicted of being a stowaway and attempting to enter a secure area of an airport by fraud or false pretense.
Authorities say he boarded a flight in New York June 24 using an expired boarding pass with someone else's name on it. The Virgin America crew didn't realize until mid-flight that an extra passenger was in a premium seat that was supposed to be empty.
Noibi spent several days in Los Angeles and was arrested when he tried to board a Delta flight with another expired pass. |
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High court sets oral arguments in campaign lawsuit
Headline News |
2011/07/16 10:27
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A conservative group fighting campaign finance rules in Montana says in a recent filing that it agrees disclosure laws can apply to corporate speech, but Western Tradition Partnership argues it isn't subject to current disclosure laws because its attack mailers fall outside the definition of "electioneering."
The Montana Supreme Court has set oral arguments for September in the state's challenge to a district court decision that tossed out the outright ban on corporate political spending.
Western Tradition Partnership first filed the lawsuit last year piggybacking on the high-profile Citizen's United case decided by the U.S. Supreme Court. The group aims to undo Montana's century-old restriction on corporate political spending.
Western Tradition is separately fighting a decision that it failed to report campaign expenditures. The group argues its activities are not intended to influence elections.
In a brief filed earlier this month with the Supreme Court on the main case fighting the ban corporate campaign spending, WTP made it clear it believes campaign finance regulation is OK.
"If the State is truly concerned with accountability, the state has other means at its disposal, such as disclosure laws, to make sure that people know who is speaking," Western Tradition argued in the brief. "It is inappropriate, and indeed, unconstitutional, to completely outlaw corporate political speech." |
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Ryan & Maniskas, LLP Announces Class Action Lawsuit
Class Action News |
2011/07/16 04:27
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Ryan & Maniskas, LLP (www.rmclasslaw.com/cases/ebix) announces that it has filed a class action lawsuit in the United States District Court for the Southern District of New York on behalf of purchasers of the common stock of Ebix, Inc. ("Ebix" or the "Company") (NASDAQ: EBIX) between May 6, 2009 through June 30, 2011, inclusive (the "Class Period").
For more information regarding this class action suit, please contact Ryan & Maniskas, LLP (Richard A. Maniskas, Esquire) toll-free at (877) 316-3218 or by email at rmaniskas@rmclasslaw.com or visit: www.rmclasslaw.com/cases/ebix.
Ebix supplies software and electronic commerce solutions to the insurance industry. The Complaint alleges that during the Class Period, Defendants issued a series of materially false and misleading statements regarding the Company's business and financial results. Specifically, Defendants made false and/or misleading statements and/or failed to disclose that: (1) the Company's tax provisions did not conform to Generally Accepted Accounting Principles; (2) the Company overstated its account receivables; (3) the Company consistently failed to tie customer payments to specific invoices; (4) the Company lacked adequate internal and financial controls; and (5) as a result of the foregoing, the Company's statements were materially false and misleading at all relevant times.
On March 24, 2011, Seeking Alpha published a report ("Report”) accusing the Company of engaging in a number of accounting manipulations, including: (a) manipulating stated organic growth; (b) overstating profit margins; (c) overstating its accounts receivables; (d) manipulating tax liabilities; and (e) inflating cash flows. The Report concluded that the Company’s "problems run deeper than accounting. The EBIX story also comes with multiple auditor resignations, governance abuses, misrepresented organic growth, questionable cash flow and a contentious CEO.” On this news, the Company’s shares plummeted $7.20 per share, or nearly 24%, to close on March 24, 2011, at $22.52 per share, on unusually heavy trading volume.
On June 30, 2011, the media reported that the shareholders of Peak Performance Solutions, Inc. ("Peak”), who sold their business to Ebix, filed a lawsuit in the United States District Court for the Southern District of Ohio, claiming that Ebix was consistently unable to bill customers properly, tie customer payments to invoices, and provide basic financial data or calculate revenues for Peak. On this news, the Company's shares declined an additional $1.30 or more than 6% and closed at $19.05.
If you are a member of the class, you may, no later than September 12, 2011, request that the Court appoint you as lead plaintiff of the class. A lead plaintiff is a representative party that acts on behalf of other class members in directing the litigation. In order to be appointed lead plaintiff, the Court must determine that the class member's claim is typical of the claims of other class members, and that the class member will adequately represent the class. Under certain circumstances, one or more class members may together serve as "lead plaintiff." Your ability to share in any recovery is not, however, affected by the decision whether or not to serve as a lead plaintiff. You may retain Ryan & Maniskas, LLP or other counsel of your choice, to serve as your counsel in this action.
For more information about the case or to participate online, please visit: www.rmclasslaw.com/cases/ebix or contact Richard A. Maniskas, Esquire toll-free at (877) 316-3218, or by e-mail at rmaniskas@rmclasslaw.com. For more information about class action cases in general or to learn more about Ryan & Maniskas, LLP, please visit our website: www.rmclasslaw.com.
Ryan & Maniskas, LLP is a national shareholder litigation firm. Ryan & Maniskas, LLP is devoted to protecting the interests of individual and institutional investors in shareholder actions in state and federal courts nationwide. |
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Regulators shut 4 small banks in 3 states
Business Law Info |
2011/07/15 19:27
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Regulators on Friday shut down four small banks in three states, boosting to 55 the number of U.S. bank failures this year.
The overall pace of closures, however, has slowed this year as banks work their way through piles of bad debt. A slow, but improving U.S. economy also has helped stem the number of bank casualties this year. By this time last year, regulators had closed 96 banks.
The Federal Deposit Insurance Corp. seized High Trust Bank in Stockbridge, Ga., One Georgia Bank in Atlanta, First Peoples Bank in Port St. Lucie, Fla., and Summit Bank in Prescott, Ariz.
The action brings to 16 the number of lenders to collapse this year in Georgia. In Florida, the tally is now seven, while in Arizona it's now two.
High Trust had about $192.5 million in assets and $189.5 million in deposits, while One Georgia had about $186.3 million in assets and $162.1 million in deposits. First Peoples had about $228.3 million in assets and $209.7 million in deposits. |
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