Today's Date: Add To Favorites
SEC action alleges Spear & Jackson stock scheme
Securities | 2007/04/11 07:58

U.S. securities regulators have started enforcement proceedings against a broker-dealer and its principal accused of helping inflate the price of tool maker Spear & Jackson Inc.'s (SJCK.PK: Quote, Profile, Research) shares and executing orders to sell them. The Securities and Exchange Commission said the proceedings would determine what remedial actions, such as civil penalties, are appropriate against Winter Park, Florida-based broker-dealer Park Financial Group Inc. and its principal, Gordon Cantley.

Spear & Jackson's former chief executive, Dennis Crowley, has already settled with the SEC in a related fraud case, agreeing to pay more than $6.1 million.

Lawyers for Park and Cantley did not immediately return phone calls seeking comment.

Spear & Jackson manufactures and distributes hand tools, lawn and garden tools, industrial magnets and meteorology tools.

The SEC said that between February 2002 and July 2003, Park and Cantley executed numerous trades in Spear & Jackson stock, despite obvious red flags. Proceeds from the trades were about $2.5 million.

On several occasions, former CEO Crowley gave Park and Cantley sell orders on Spear & Jackson stock for three British Virgin Islands companies that he secretly controlled, the SEC said.

The SEC said Park and Cantley filled the orders knowing that Crowley was the CEO of Spear & Jackson and that the British Virgin Islands companies' accounts traded only in the stock, often buying and selling shares on a daily basis.



Portugal president signs abortion liberalization law
International | 2007/04/11 07:07

Portuguese President Anibal Cavaco Silva Tuesday approved a law permitting abortions during the first 10 weeks of pregnancy. The Portuguese parliament passed the law last month after a February referendum on the issue failed due to low voter turnout. Approximately 60 percent of those who voted in the referendum supported a reform of the former law, which only permitted abortion in cases of rape, fetal malformation, or risk to the mother’s health.

The law was passed despite staunch opposition from the Catholic Church, to which 90% of Portuguese belong. The new law imposes a three-day waiting period on women seeking abortions and requires that they receive information about adoption as an alternative. Portugal's reform leaves Ireland, Poland, and Malta as the only remaining EU member states that outlaw abortion.



Sunderland man found guilty of killing eagle
Court Watch | 2007/04/11 04:56

The owner of a Sunderland trout hatchery, who pleaded guilty last month to killing herons and ospreys that were feeding at his fish pools, also was convicted on Tuesday of killing a bald eagle. U.S. District Judge Michael Ponsor in a nonjury trial found Michael Zak, 59, guilty of one count of shooting and killing an eagle, and one count of violating the Migratory Bird Treaty Act, which provides protection for migratory birds through international cooperation and treaties.

Zak, owner of the Mohawk Trout Hatchery, had pleaded guilty on March 26 to two counts of violating the Migratory Bird Treaty Act and one count of conspiracy.

His attorney, Vincent Bongiorni, said then his client was not willing to accept a guilty plea for the eagle charge.

"There was a factual basis to support those two counts and our claim is that it doesn't support the bald eagle count," he said.

Zak's employee, Timothy Lloyd, 30, of Easthampton, pleaded guilty March 23 to two counts of violating the migratory bird act and one count of conspiracy.

Federal investigators said they found more than 250 great blue heron carcasses, as well as carcasses of ospreys and a bald eagle on hatchery property. Tests showed the birds were killed by gunshots.

U.S. Fish and Wildlife Service agents say they staked out the hatchery periodically and saw Zak shoot at a heron with a scoped rifle and Lloyd shoot and kill an osprey.

The men are to be sentenced on June 27. Zak faces up to three years in prison and Lloyd faces up to 18 months.



Gonzales gets subpoena in US firings
Breaking Legal News | 2007/04/10 23:19

The US House Judiciary Committee issued a subpoena to US Attorney General Alberto Gonzales Tuesday for US Justice Department documents relating to the firings of eight US Attorneys. In a letter accompanying the subpoena, committee Chairman John Conyers, Jr. (D-MI) noted that the DOJ's "incomplete response" to the committee's request for documents "falls far short of what is needed for the Subcommittee and Committee to effectively exercise their oversight responsibilities in ascertaining the truth behind the very serious concerns that have been raised regarding this matter."

The subpoena comes the day after four senators on the Senate Judiciary Committee sent a letter to Gonzales, requesting additional undisclosed documents in that committee's investigation of the firings and claiming the DOJ failed to turn over relevant documents despite repeated calls from the Senate Judiciary Committee. The letter from US Senators Arlen Specter (R-PA), Patrick Leahy (D-VT), Charles Schumer (D-NY), and Dianne Feinstein (D-CA) suggests that the DOJ has been less than forthright in disclosing documents:

We are concerned that additional documents relevant to the Committees' investigations are missing or have been withheld.... Given that this was a process that extended over more than two years and involved staff from both the Department of Justice and the White House, and involved consideration of a number of U.S. Attorneys, there would seem to be other documents that would comment upon the reasons some U.S. Attorneys were chosen for removal and others were not. For example, there are press reports that the former U.S. Attorney in San Francisco had multiple evaluations and was the subject of significant discussions. Documents reflecting those multiple evaluations and significant discussions have not been produced to date. This raises a question about whether we have seen all similar documents about others selected for replacement or left in place.

In addition, the letter identifies specific undisclosed documents such as a chart provided by former Gonzales aide Monica Goodling to former chief of staff Kyle Sampson, who both resigned in the wake of the scandal, that was described in an e-mail that was turned over to the committee. The letter also outlines several document requests and poses questions from the committee concerning its disclosure procedures.

Last Thursday, Leahy sent a letter to White House counsel Fred Fielding seeking undisclosed documents relating to the firings from President George W. Bush. Last Monday, Leahy rejected attempts by the Bush administration to move up the date that Gonzales is scheduled to testify. In March, Sampson told the Senate Judiciary Committee that the prosecutors were fired for political reasons rather than for poor performance as the DOJ has claimed.



Two former TYC employees indicted in sex abuse case
Court Watch | 2007/04/10 23:14

Two former administrators at a Texas juvenile prison were arrested Tuesday on 13 charges of improper sexual conduct with six students. Former West Texas State School principal John Paul Hernandez and former assistant superintendent Ray E. Brookins each resigned in 2005 as an investigation by Texas Rangers; the case has only recently moved forward as Texas Attorney General Greg Abbott has taken over the case from a local prosecutor who declined to pursue most cases relating to the school from 2005-2006. The investigating Rangers alleged that they presented their findings to the state and US Attorney offices as well as the Department of Justice, but that no office showed interest in prosecution. Hernandez was charged with nine counts of improper sexual activity with a person in custody and nine counts of improper relationship with a student. Brookins faces up to 20 years in prison for charges of an improper relationship with a student and two years in prison for improper sexual activity with a person in custody.

A 2006 US Department of Justice report said that sexual violence in US prisons, perpetrated by both inmates and prison staff, often goes unreported because abused inmates fear a reprisal. Last month, Texas Gov. Rick Perry appointed a commission to review the records of approximately 90 percent of the state's juvenile inmates following allegations by families and community activists that prison officials extended sentences in retaliation for inmates filing grievances. Staff-initiated sexual misconduct constituted 38 percent of allegations. The authors of the report also warned against placing juvenile inmates with the adult prison population, finding that the incidents of rape and abuse are five times higher against juveniles. The report, which was the second in an annual series required by the Prison Rape Elimination Act of 2003, showed a marked improvement over staff sexual misconduct and harassment since the initial 2004 study.



Bush to allow cell research on unviable embryos
Law Center | 2007/04/10 23:13

President George W. Bush will sign off on a bill providing funding for studies on embryos incapable of further development, but will refuse to endorse legislation that would subsidize stem cell research the White House announced Tuesday. The administration said in a formal policy statement sent to Congress that Bush would veto the Stem Cell Research Enhancement Act of 2007 because the law would "pay for research that relies on the intentional destruction of human embryos." The White House also said, however, that Bush would support the HOPE Act because it would provide funding for research into pluripotent stem cells that does not entail the destruction of embryos.

In July, Bush vetoed the Stem Cell Research Enhancement Act of 2005 saying he refused to provide federal funding for stem cell research because many people consider the destruction of embryos murder. Simultaneously, Bush signed the Fetus Farming Prohibition Act, intended to prohibit "fetal farming," the method of creating fetuses for the sole purpose of research, after both the House and Senate passed the bill unanimously.



Court Bars Florida CPA from Preparing Tax Returns
Court Watch | 2007/04/10 23:12

A federal judge has permanently barred Max Holcher of Naples, Fla., from promoting a scheme he calls "Tax Engineering" and from preparing federal income tax returns for others, the Justice Department announced today. According to the government complaint in the civil injunction suit, Holcher operates businesses known as Holcher & Company and Holcher CPA Group.

According to the government complaint, Holcher, a certified public accountant (CPA), helped customers claim improper tax deductions for such non-deductible personal expenses as home maintenance expenses, vacations, and personal vehicle expenses. Holcher allegedly also prepared tax returns for customers falsely reporting employment income as royalties in order to evade Social Security taxes. The permanent injunction order was signed by Judge John Steele of the U.S. District Court for the Middle District of Florida.

The court order requires Holcher to mail a copy of the injunction to all persons for whom he has prepared a federal tax return or form since 2002 and to provide the government with a list of his customers' names, addresses, e-mail addresses, phone numbers, and Social Security numbers.

Since 2001, the Justice Department's Tax Division has obtained more than 230 injunctions to stop the promotion of tax fraud schemes and the preparation of fraudulent returns. Information about these cases is available on the Justice Department Web site at http://www.usdoj.gov/tax/taxpress2006.htm.



[PREV] [1] ..[1019][1020][1021][1022][1023][1024][1025][1026][1027].. [1178] [NEXT]
All
Class Action
Bankruptcy
Biotech
Breaking Legal News
Business
Corporate Governance
Court Watch
Criminal Law
Health Care
Human Rights
Insurance
Intellectual Property
Labor & Employment
Law Center
Law Promo News
Legal Business
Legal Marketing
Litigation
Medical Malpractice
Mergers & Acquisitions
Political and Legal
Politics
Practice Focuses
Securities
Elite Lawyers
Tax
Featured Law Firms
Tort Reform
Venture Business News
World Business News
Law Firm News
Attorneys in the News
Events and Seminars
Environmental
Legal Careers News
Patent Law
Consumer Rights
International
Legal Spotlight
Current Cases
State Class Actions
Federal Class Actions
Trump faces prospect of addi..
Retrial of Harvey Weinstein ..
Starbucks appears likely to ..
Supreme Court will weigh ban..
Judge in Trump case orders m..
Court makes it easier to sue..
Top Europe rights court cond..
Elon Musk will be investigat..
Retired Supreme Court Justic..
The Man Charged in an Illino..
Texas’ migrant arrest law w..
Former Georgia insurance com..
Alabama woman who faked kidn..
A Supreme Court ruling in a ..
Court upholds mandatory pris..


Class action or a representative action is a form of lawsuit in which a large group of people collectively bring a claim to court and/or in which a class of defendants is being sued. This form of collective lawsuit originated in the United States and is still predominantly a U.S. phenomenon, at least the U.S. variant of it. In the United States federal courts, class actions are governed by Federal Rules of Civil Procedure Rule. Since 1938, many states have adopted rules similar to the FRCP. However, some states like California have civil procedure systems which deviate significantly from the federal rules; the California Codes provide for four separate types of class actions. As a result, there are two separate treatises devoted solely to the complex topic of California class actions. Some states, such as Virginia, do not provide for any class actions, while others, such as New York, limit the types of claims that may be brought as class actions. They can construct your law firm a brand new website, lawyer website templates and help you redesign your existing law firm site to secure your place in the internet.
St. Louis Missouri Criminal Defense Lawyer
St. Charles DUI Attorney
www.lynchlawonline.com
Lorain Elyria Divorce Lawyer
www.loraindivorceattorney.com
Legal Document Services in Los Angeles, CA
Best Legal Document Preparation
www.tllsg.com
Car Accident Lawyers
Sunnyvale, CA Personal Injury Attorney
www.esrajunglaw.com
East Greenwich Family Law Attorney
Divorce Lawyer - Erica S. Janton
www.jantonfamilylaw.com/about
St. Louis Missouri Criminal Defense Lawyer
St. Charles DUI Attorney
www.lynchlawonline.com
Connecticut Special Education Lawyer
www.fortelawgroup.com
  Law Firm Directory
 
 
 
© ClassActionTimes.com. All rights reserved.

The content contained on the web site has been prepared by Class Action Times as a service to the internet community and is not intended to constitute legal advice or a substitute for consultation with a licensed legal professional in a particular case or circumstance. Affordable Law Firm Web Design