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Court rules Ventas may immediately collect $102M
Court Line |
2011/08/23 14:36
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Health care real estate investment trust Ventas Inc. said a federal court has ruled it can immediately collect $102 million in damages awarded by a federal jury in 2009 in a judgment against HCP Inc.
The two companies had agreed to delay payment of the funds while HCP appealed the decision. In May, the U.S. 6th Circuit Court of Appeals upheld the judgment and ordered a second trial to decide punitive damages. Those proceedings are set to begin in February.
Ventas, based in Chicago, said late Monday that the U.S. District Court for the Western District of Kentucky ruled that HCP could not further delay enforcement of the judgment. In the case, Ventas accused HCP of driving up the purchase price of Sunrise Senior Living real estate investment trust.
HCP of Long Beach, Calif., said in a separate statement it will promptly pay the $102 million. It had accrued the full amount in the third quarter of 2009, and the payment will have no additional impact on its earnings.
Ventas operates a portfolio of senior housing communities, skilled nursing facilities, hospitals, medical office buildings and other properties in 47 states and two Canadian provinces. |
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Berman DeValerio Announces Securities Class Action
Attorney News |
2011/08/22 17:36
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The law firm of Berman DeValerio filed a securities class action lawsuit today against Miller Energy Resources, Inc.
The lawsuit alleges violations of United States securities laws on behalf of purchasers of common stock from December 16, 2009 through and including August 1, 2011 (the “Class Period”).
Berman DeValerio (www.bermandevalerio.com) brought the complaint against the Company and certain of its directors and officers (the “Defendants”) in the United States District Court for the Eastern District of Tennessee. The case is filed as 3:11-cv-00397.
Pursuant to the Private Securities Litigation Reform Act of 1995, investors wishing to serve as the lead plaintiff are required to file a motion for appointment with the court no later than October 11, 2011.
The claims arise under Sections 10(b) and 20(a) of the Securities Exchange Act of 1934, 15 U.S.C. §§ 78j(b) and 78t(a), (the “Exchange Act”), and Rule 10b-5 promulgated thereunder by the United States Securities and Exchange Commission (the “SEC”) for class period purchasers.
The complaint alleges that throughout the Class Period, Miller, an oil and gas exploration, production and drilling firm, and the other Defendants made material false statements about Miller’s financial results and about the valuation of certain oil-and-gas-producing assets it acquired in Alaska. Specifically, the complaint alleges that Defendants: (1) issued false and misleading consolidated balance sheets, statements of operations and cash flows; (2) failed to properly classify royalty expenses; (3) failed to properly record sufficient compensation expense on equity awards; (4) did not properly calculate the liability for derivative instruments; (5) did not properly consolidate entities under its control; and (6) improperly reported the value of certain oil and gas assets that it acquired in Alaska. As a result of these problems, the Company was required to restate its financial results. Over a series of almost daily disclosures occurring on July 28, 2011, July 29, 2011 and August 1, 2011, Miller’s stock price dropped from $7.04 per share on July 27, 2011 to a close of $3.37 per share on August 2, 2011, a total drop of $3.67 or 52%.
To receive a copy of the complaint, please call Berman DeValerio at (800) 516-9926.
If you are a member of the class, you may, no later than October 11, 2011, request that the court appoint you as lead plaintiff for the class. In addition, you may contact the attorneys at Berman DeValerio to discuss your rights and interests in the case. Please note: you may also retain counsel of your choice and need not take any action at this time to be a class member.
Berman DeValerio is a national law firm representing plaintiffs in lawsuits against corporate wrongdoers, chiefly for violations of securities and antitrust laws. The firm has 49 lawyers in Boston, San Francisco and South Florida. |
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ACLU sues feds for shackling immigrant detainees
Legal Focuses |
2011/08/19 16:03
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The American Civil Liberties Union and other groups have filed a lawsuit in San Francisco federal court seeking to stop a practice in which alleged illegal immigrants are shackled at the feet, waist and wrists while appearing in immigration court.
The groups allege in the suit filed Monday that a blanket policy that allows the immigrants to remain chained for up to 12 hours the day they're due in court violates constitutional bans against cruel and unusual punishment.
According to the lawsuit, the overwhelming majority of prisoners who show up in immigration courts have no violent criminal history. The lawsuit seeks to compel the Department of Homeland Security to make individual determinations about shackling rather than have a blanket policy. DHS officials declined to comment Wednesday.
The lawsuit applies only to immigrants appearing in San Francisco immigration courts. But attorneys who filed the lawsuit said Wednesday that they hope it prompts changes to the system in other cities.
"We'd like to convince them to follow their own policy and at least add some humanity to it and recognize it's a painful and hurtful thing to shackle people like that," said Paul Chavez, senior attorney for the Lawyers' Committee for Civil Rights in San Francisco, one of the groups who filed the lawsuit.
The groups allege that shackling everyone at an immigration hearing amounts to cruel and unusual punishment. The lawsuit seeks class action status to represent prisoners transported to and appearing in immigration court in shackles in San Francisco. |
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Former U.S. attorney Lampton dies at 60
Legal Focuses |
2011/08/19 16:03
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Dunn Lampton, a former U.S. attorney in Mississippi who prosecuted two civil rights-era cold cases and a complex corruption case involving a wealthy attorney and state judges, has died. He was 60.
Among Lampton's best known cases was the prosecution of James Ford Seale, a reputed Ku Klux Klansman who died in prison this month. Seale was convicted in 2007 of two counts of kidnapping and one of conspiracy to commit kidnapping in the 1964 deaths of Henry Hezekiah Dee and Charles Eddie Moore, both 19.
Lampton died Wednesday evening, according to former acting U.S. Attorney Donald Burkhalter, one of the prosecutors who served after Lampton's 2009 retirement
"He was a hell of a trial lawyer and he did a good job as U.S. attorney," Burkhalter said Thursday. "I think he always tried to do the right thing."
The cause of death was not immediately released, but Lampton had been in declining health. The U.S. attorney's office said the funeral will be at 1 p.m. Saturday at Covenant Presbyterian Church in Jackson. Burial will be private.
President George W. Bush appointed Lampton as U.S. Attorney for the Southern District of Mississippi in September 2001, putting him in charge of federal prosecutions in 45 counties.
Among the highlights of Lampton's career were prosecutions in two civil rights-era cases that led to the convictions of reputed Klansmen Seale and Ernest Avants. |
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Whitey Bulger's girlfriend pleads not guilty
Court Line |
2011/08/18 16:32
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The longtime girlfriend of reputed Boston crime boss James "Whitey" Bulger pleaded not guilty Thursday to helping him elude authorities during his 16 years as a fugitive.
Catherine Greig, 60, entered her plea in a brief appearance in federal court in Boston that lasted less than five minutes. She also waived a reading of the indictment.
Greig was indicted last week on a charge of conspiracy to harbor and conceal a fugitive, a crime that carries a maximum sentence of five years. Greig has been jailed since she and Bulger were captured in June in Santa Monica, Calif. Bulger has pleaded not guilty to participating in 19 murders.
Prosecutors say Greig actively helped Bulger escape capture, but her attorney says she's a subservient woman who wasn't aware of the extent of Bulger's alleged crimes when she fled with him.
On Thursday, Greig smiled at her twin sister when she entered the courtroom. She did not speak during the hearing, except to tell the judge she understood the charges against her and was ready to enter her plea.
After the hearing, Greig's attorney Kevin Reddington was asked if Greig was cooperating with authorities against Bulger. |
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