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Madoff trustee sues Madoff family for almost $200M
Legal World News |
2009/10/02 15:46
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| pPresident BaracBernard Madoff's brother, sons and a niece used the family finance business like a piggy bank, a court-appointed trustee charged Friday as he demanded in a lawsuit that they return almost $200 million in money to be distributed to cheated investors./ppThe trustee, Irving Picard, sought $198.7 million from Madoff's brother, Peter, who had worked at Madoff's Manhattan investment company since 1965, and sons, Mark and Andrew./ppAlso sued was Shana D. Madoff, Bernard Madoff's niece and Peter Madoff's daughter./ppLawyers for the Madoff's brother and sons did not immediately return a phone call for comment. A message for comment left at Shana Madoff's East Hampton home was not immediately returned./ppLawyers for Picard said in papers filed in U.S. Bankruptcy Court in Manhattan that Madoff's family-run business was operated as if it were the family piggy bank./ppThey said each of the family members withdrew huge sums of money to fund personal business ventures and to pay for expenses ranging from multimillion dollar homes, cars and boats to monthly credit card charges for restaurants, vacations and clothing./ppThe lawyers said $141 million identified as fraudulent proceeds were received by the family members in the six years before Madoff surrendered and revealed his plot last December while at least $58 million was received in the last two years./p |
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Obama begins to overhaul key US appeals court
Headline Legal News |
2009/10/02 15:45
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| pk Obama is moving to reshape the Virginia-based 4th Circuit Court of Appeals, known as the nation's most conservative federal appeals court./ppThe court supported anti-terrorism initiatives of the Bush administration and has issued many conservative rulings on abortion, death penalty and criminal rights cases./ppFive of the nation's 20 open circuit judgeships belong to the court that hears cases from Virginia, North Carolina, South Carolina, West Virginia and Maryland./ppObama has nominated U.S. District Judge Andre Davis of Maryland and Virginia Supreme Court Justice Barbara Keenan. If they win Senate confirmation, Democratic appointees will outnumber Republicans 7-5 on the court./p |
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Lawsuit Alleges ER Doctor Let Man Die In Order to Steal His Rolex
Legal World News |
2009/09/28 10:24
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A jaw-dropping lawsuit filed last week in San Francisco Superior Court alleges an emergency room doctor abandoned his attempts to resuscitate a patient from cardiac arrest to instead pocket the dead man's valuable Rolex wristwatch.
The suit, filed by the adult children of Jerry Keith Kubena, Sr., alleges that Dr. Cleveland James Enmon on June 1 formed the intent to swipe the Rolex from Kubena's wrist while treating the man at St. Joseph's Medical Center in Stockton (as this is a subsidiary of San Francisco-based Catholic Healthcare West, the lawsuit was filed here).
After Kubena went into cardiac arrest, Defendant Enmon assumed responsibility for resuscitating descendant [Kubena], reads the suit. Once defendant Enmon formed the intent to steal decedent's watch, he abandoned his efforts to resuscitate decedent, leaving decedent to die so that he would not be around to reclaim his watch.
According to the suit, Enmon's alleged theft was as clumsily executed as it was heartless:
The nursing staff assisting Enmon soon noticed that Kubena's flashy timepiece was missing; Where is the wristwatch? the suit quotes one as uttering. Two more nurses allegedly noticed a wristwatch-shaped bulge in the doctor's pocket. Security was called to investigate the disappearance. Defying security's orders, the lawsuit notes Enmon walked out of the operating room and into the parking lot -- a move caught on hospital security cameras. |
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LawSchool.org makes the Law School search simple
Press Release |
2009/09/23 10:57
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| With over 200 American Bar Association accredited a href=http://www.lawschool.org/ mce_href=http://www.lawschool.orglaw schools/ain the country, choosing the right one can be extremely difficult- Untilnow.nbsp; a href=http://www.lawschool.org/ mce_href=http://www.lawschool.orgLawSchool.org/a not only has profiles onevery a href=http://www.lawschool.org/ mce_href=http://www.lawschool.orglawschool/a across the country, but it also features a plethora of legal-relatedinformation.nbsp; Each a href=http://www.lawschool.org/ mce_href=http://www.lawschool.orglaw school/a has their own personalprofile that includes all the relevant information which a potential a href=http://www.lawschool.org/ mce_href=http://www.lawschool.orglaw student/awould be interested in.nbsp; With a vast array of statistics ranging fromlocation and tuition to enrollment and notable alumni, a href=http://www.lawschool.org/ mce_href=http://www.lawschool.orgLawSchool.org/amakes your law school search simple.nbsp; The site also has a number offeatures that cater to legal professionals including prevelant a href=http://www.lawschool.org/ mce_href=http://www.lawschool.orglegalinformation/a, an education law section, an events gallery, LSAT informationand guides, Bar Examination info, as well as a Legal Career Center. Whether your trying to find the right a href=http://www.lawschool.org/ mce_href=http://www.lawschool.orglaw school/a or simply looking to keep upon your legal-related topics, a href=http://www.lawschool.org/ mce_href=http://www.lawschool.orgLawSchool.org/a has it all. |
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Parmalat lawsuits against BofA, auditor dismissed
Legal World News |
2009/09/21 12:38
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| pNEW YORK (Reuters) - A U.S. federal judge in Manhattan has dismissedthree Parmalat SpA fraud lawsuits against Bank of America Corp and theauditing firm Grant Thornton LLP over their roles in the Italian dairycompany's 2003 collapse./pspan id=midArticle_1/span pFriday's ruling by U.S. District Judge Lewis Kaplan is a setback forParmalat and its chief executive Enrico Bondi, who has filed dozens oflawsuits against banks and auditors, including Citigroup Inc and theauditor Deloitte Touche Tohmatsu, for helping prior management loot thecompany./pspan id=midArticle_2/span pParmalat said in a statement that it believed the decision was erroneous, and that it intends to appeal./pspan id=midArticle_3/span pBurdened by about 14 billion euros ($20.6 billion) of debt, Parmalatfiled for insolvency protection in Italy in December 2003. It collapsedafter uncovering a 4 billion euro ($5.9 billion) hole in its balancesheet. Parmalat was restructured and relisted on the Milan bourse in2005, and Italian prosecutors filed criminal charges against variousexecutives./pspan id=midArticle_4/span pIn the current cases, Bondi and the unit Parmalat Capital FinanceLtd each sued Grant Thornton, accusing it of helping set up faketransactions to help insiders steal from the company./pspan id=midArticle_5/span pParmalat Capital made similar claims in a separate lawsuit againstBank of America, over transactions it said also generated more than$800 million for the Italian company./pspan id=midArticle_6/span pThe defendants argued, however, that they should prevail under alegal doctrine that prevents a company from recovering for its ownfraud./pspan id=midArticle_7/span pIn his 45-page opinion, Kaplan said Parmalat and Parmalat Capitalofficers had been acting within the scope of their employment when theyengaged in a massive fraud that ended with the company's collapse./pspan id=midArticle_8/span pHe rejected the plaintiffs' argument that the officers' looting andsquandering even a small portion of corporate assets would create anexception to the rule, and allow the new Parmalat to recover for theold Parmalat's wrongdoing./p |
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