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Los Angeles jeweler pleads guilty in KPMG case
Attorney News |
2013/05/20 20:17
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The owner of a Los Angeles jewelry store pleaded guilty Monday for his role in an insider-trading case involving a former senior partner at accounting firm KPMG.
Bryan Shaw, 52, pleaded guilty to one count of conspiracy and was scheduled to be sentenced Sept. 16 when he faces a maximum of five years in prison.
"In this guilty plea, Mr. Shaw continued his path to fully accepting responsibility for his actions and doing the right thing," said Shaw's attorney Nathan Hochman.
Authorities said Shaw made more than $1 million in illicit profits by trading in advance of company announcements on earnings results or mergers for KPMG LLC clients, including Herbalife Lt., Skechers USA Inc. and Uggs maker Deckers Outdoor Corp.
In exchange, Shaw gave former KPMG accountant Scott London bags filled with cash, along with a $12,000 Rolex watch and jewelry for his wife, among other items, prosecutors said. The Securities and Exchange Commission, which filed civil charges in the case, estimates London received at least $50,000.
London, 50, who was fired from KPMG, also is charged with conspiracy and is scheduled to be arraigned next week. |
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High court rules for Monsanto in patent case
Attorney News |
2013/05/15 07:24
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The Supreme Court said Monday that an Indiana farmer violated Monsanto Co.'s patents on soybean seeds resistant to its weed-killer by growing the beans without buying new seeds from the corporation.
The justices unanimously rejected the farmer's argument that cheap soybeans he bought from a grain elevator are not covered by the Monsanto patents, even though most of them also were genetically modified to resist the company's Roundup herbicide.
While Monsanto won this case, the court refused to make a sweeping decision that would cover other self-replicating technologies like DNA molecules and nanotechnologies, leaving that for another day. Businesses and researchers had been closely watching this case in hopes of getting guidance on patents, but Justice Elena Kagan said the court's holding Monday only "addresses the situation before us."
In a statement, Monsanto officials said they were pleased with the court's ruling. |
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Court: Iowa must recognize both lesbian parents
Court Line |
2013/05/09 06:14
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An Iowa agency's refusal to list both spouses in a lesbian marriage as parents on their children's birth certificates is a violation of their constitutional rights and must stop, the Iowa Supreme Court ruled Friday.
The court, which made history by legalizing gay marriage in 2009, ordered the Iowa Department of Public Health to start listing the names of both female spouses on the birth certificates of their children. The ruling was backed by all six justices who participated.
Iowa had been the only state in the nation that allowed marriage or civil unions for same-sex couples, but refused to list both spouses on birth certificates of their children, according to Camilla Taylor, an attorney for Lambda Legal, a gay rights group involved in the case.
Justice David Wiggins said the state government "has been unable to identify a constitutionally adequate justification" for treating lesbian parents differently than parents of opposite sex. He said the only explanation for doing so was "stereotype or prejudice" that violated their rights to be treated equally under the Iowa Constitution. |
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Court dismisses lawsuits in power plant deaths
Legal News |
2013/05/09 06:14
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The Colorado Court of Appeals has dismissed lawsuits against three companies in the deaths of five workers at a power plant in 2007.
The appeals court agreed Thursday with a judge that there was no evidence that the companies violated duties or failed to provide adequate warnings of a fire hazard.
The workers died after a fire broke out inside a pipeline at Xcel Energy's Cabin Creek hydroelectric plant near Georgetown, about 40 miles west of Denver. The men were inside the pipeline resealing it at the time.
The workers were trapped in the tunnel when a flammable solvent they were using to clean an epoxy paint sprayer ignited on Oct. 2, 2007.
Families of the men and four injured employees sued KTA-Tator Inc., Structural Integrity Associates Inc. and Graco, Inc., claiming the companies were negligent.
The court, however, noted that the sprayer used by the workers carried a warning that "flammable fumes, such as solvent and paint fumes, in (a) work area can ignite or explode" and offered safety options.
The workers communicated by radio for 45 minutes with colleagues and rescue crews. But reaching them would have involved using ropes or ladders to go down a 20-foot vertical section of tunnel then along a 1,000-foot section at a 55-degree slope, to reach the horizontal section where they were located. |
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Flavor Flav due in Las Vegas court on felony case
Legal News |
2013/04/12 22:22
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A judge in Las Vegas is expected to hear evidence in a felony case alleging entertainer Flavor Flav attacked his longtime girlfriend and her teenage son last October.
The 54-year-old former rap and reality TV star is due Wednesday before a Las Vegas judge who agreed twice before to postpone his hearing.
Defense attorney Tony Abbatangelo has said he hoped to settle the case, but prosecutor Jake Merback says nothing is resolved so far.
The entertainer's legal name is William Jonathan Drayton Jr.
He's accused of pushing his girlfriend of eight years to the floor Oct. 17 and wielding two knives while allegedly chasing and threatening the woman's 17-year-old son.
He could face prison time on assault and child endangerment charges. |
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