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Ex-Stanford CFO apologizes after pleading guilty
Court Feed News | 2009/08/27 16:30
The chief financial officer of Stanford Financial Group pleaded guilty in connection with a $7 billion international Ponzi scheme Thursday in federal court here.

James Davis, 60 years old, is cooperating with federal prosecutors, who are mounting a case against the chief executive of Stanford, R. Allen Stanford. Mr. Stanford was hospitalized Thursday morning because of a rapid heart beat.

Mr. Davis is facing up to 30 years in prison on charges of conspiracy to commit mail, wire and securities fraud as well as mail fraud and conspiracy to obstruct a Securities and Exchange Commission investigation. The government is seeking $1 billion from Mr. Davis.

"I did wrong. I'm sorry," Davis, the former Stanford chief financial officer said outside a Houston courthouse, after pleading guilty to fraud and conspiracy charges. "I apologize. I take responsibility for my actions."

Mr. Davis doesn't have the money, his attorney David Finn said.

Mr. Davis's assets have been frozen. He is living in Michigan and working a $10-an-hour manual labor job on a family farm in order to pay for his legal fees, Mr. Finn said.



NJ court appearance for comic Artie Lange delayed
Court Feed News | 2009/08/26 08:09
A New Jersey court appearance for "Howard Stern Show" radio personality Artie Lange (LANG) on a charge of driving under the influence of an intoxicant has been rescheduled for next month.

The comedian and author of the best-selling book "Too Fat to Fish" originally was scheduled to appear in court Wednesday for a pretrial conference. That date is changed to Sept. 9.

Lange was charged following a minor traffic accident last month in Toms River, about 50 miles south-southwest of New York City.

Police say Lange's vehicle struck the back of another vehicle. They say no one was injured.

Defense lawyer Michael Grasso entered a not guilty plea for Lange on July 14. He says the 41-year-old Lange passed an alcohol screening test after the accident.



Calif. man gets 2 more years for posing as lawyer
Court Feed News | 2009/08/19 15:33
A Southern California man sent to prison for seven years for falsely claiming to be an attorney has been sentenced to two more years for posing as a lawyer again days after he was released.

Prosecutors say 64-year-old Harold Goldstein got the maximum sentence Monday for violating the terms of his supervised release.

Goldstein was sentenced to seven years in federal prison in 2003 for using the name of a Northern California attorney to represent clients in court. He was also convicted of mail fraud for sending solicitation letters to inmates.

U.S. Attorney's Office spokesman Thom Mrozek says Goldstein again started claiming he was a lawyer only days after he was released on May 1.



Judge plans to testify at death-row appeal trial
Court Feed News | 2009/08/18 17:26
A Texas judge who closed her court before a death row inmate could file an appeal plans to testify at the ethics trial where she faces charges that could end her career.

Judge Sharon Keller is the presiding judge of the Texas Court of Criminal Appeals. She is on trial nearly two years after refusing to keep the court open in September 2007 with Michael Wayne Richard's (ruh-SHARD's) execution imminent and his lawyers scrambling to file an appeal.

Keller faces five counts of judicial misconduct. She sat quietly at the defense table as her special hearing got under way Monday. But she did stand to acknowledge that she planned to testify.

She could take the stand as early as Tuesday.



U.S. District Court Rules Against Lilly Regarding Gemzar Patent
Court Feed News | 2009/08/18 13:27
Eli Lilly and Company today announced that the U.S. District Court for the Eastern District of Michigan has granted a motion by Sun Pharmaceuticals for partial summary judgment. The Court's ruling invalidates Lilly's '826 patent, or method-of-use patent, for Gemzar((R)) (gemcitabine HCl for injection) which had been set to expire in 2013. The ruling has no bearing on Gemzar's compound patent, which remains valid until November 2010.


"We strongly disagree with the Court's ruling granting summary judgment in favor of the generic challenger," said Robert A. Armitage, senior vice president and general counsel for Lilly. "We continue to believe that our Gemzar method-of-use patent is valid and will be upheld by the courts. We intend to pursue an appeal of this decision with the Court of Appeals for the Federal Circuit. It is also important to note that today's court decision does not allow for the immediate entry of generic gemcitabine in the U.S. market. Gemzar's compound patent remains in force until November 2010."


Federal court OKs suit alleging illegal J&J sales
Court Feed News | 2009/08/13 17:11
A federal appeals court has revived a multibillion-dollar Medicare fraud case brought by whistle-blowers alleging Johnson & Johnson paid doctors kickbacks to wrongly prescribe an expensive drug.

Two former salespeople for the health care giant allege J&J illegally marketed its blockbuster anemia drug Procrit. They claim the company got doctors to prescribe it for unapproved uses and sometimes at high doses that could be dangerous.

Federal regulators have since put restrictions on which patients can get the drug and how much they can take, hurting Procrit sales.

A federal appeals court in Boston has revived the case and sent it back to the District Court in Boston.

Johnson & Johnson officials say they will comment later today.



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