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Court dismisses investor lawsuits against Porsche
Court Line |
2012/09/20 22:37
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Wednesday's ruling by Braunschweig state court in northern Germany appears to strengthen Porsche's position, which still faces other court battles in connection with the 2008 takeover bid, German news agency dapd reported.
Two investors in the Braunschweig case had sought $6.1 million in damages claiming that Porsche published misleading information while it was secretly trying to take control of the much-larger Volkswagen.
Porsche's bid failed amid an unsustainable debt burden and the collapse of financial markets following the Lehman Brothers bankruptcy, eventually leading Volkswagen to take full control of Porsche. |
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Federal agency charged with enforcing consumer finance laws
Attorney News |
2012/09/14 17:37
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The new federal agency charged with enforcing consumer finance laws is emerging as an ambitious sheriff, taking on companies for deceptive fees and marketing and unmoved by protests that its tactics go too far.
In the 14 months it has existed, the Consumer Financial Protection Bureau has launched dozens of enforcement probes and issued more than 100 subpoenas demanding data, testimony and marketing materials -- sometimes amounting to millions of pages -- from companies that include credit card lenders, for-profit colleges and mortgage servicers.
More than two dozen interviews with agency officials and industry executives offered sweeping insight into the new agency's behind-the-scenes efforts, which have taken the financial industry off guard and have been far more aggressive than previously known.
The number of subpoenas and probes was confirmed by agency, industry and trade group officials who spoke to The Associated Press on condition of anonymity because the subpoenas bar both sides from discussing them.
The bureau's actions have many banks, payday lenders and credit card companies racing to adjust. They're tightening their record-keeping and budgeting for defense lawyers, according to attorneys and trade group executives who work with them. The companies themselves are reluctant to discuss the bureau because they don't want to be seen as criticizing a regulator that is still choosing its battles. |
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Case dropped against NY lawyer in alleged attack
Court Line |
2012/09/12 17:37
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Charges have been dropped against a prominent New York lawyer who was accused of attacking a woman in a Connecticut restaurant.
The Advocate of Stamford reports that Albert J. Pirro's lawyer said the state indicated it would not prosecute. Charges were dropped in Stamford Superior Court on Tuesday.
A spokesman for the state's attorney's office did not immediately return a call Wednesday.
Police say Pirro grabbed and shook a woman in a Greenwich restaurant last June. He was charged with unlawful restraint and disorderly conduct.
Pirro, a Republican fundraiser, is the estranged husband of Jeanine Pirro, a former Westchester District Attorney who is now a legal analyst with Fox News.
Albert Pirro spent 17 months in prison after being convicted of fraud, tax evasion and other charges in 2000. |
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W.Va. court hears 'rescue' funding arguments
Legal News |
2012/09/07 22:18
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Whether West Virginia Supreme Court candidate Allen Loughry receives additional public funds for his campaign hinges on whether the U.S. Supreme Court sees a difference between elections for the judiciary and races for other political posts, the state court was told during a hearing Tuesday.
Adam Skaggs, lawyer for the Republican hopeful, argued that legislative and executive branch officeholders are expected to favor agendas and interest groups that helped them win. But judges are supposed to harbor no bias, and West Virginia created the public financing pilot program amid concerns about campaign cash influencing the judiciary, said Skaggs, an official with the nonpartisan Brennan Center for Justice at New York University's law school.
"The state has compelling interests in the context of judicial elections that are absent from any other type of election," Skaggs told the court.
The point is crucial to Loughry's pursuit of "rescue" funds, normally triggered by spending by a traditionally financed candidate or outside group. With two, 12-year terms up on the court this year, Loughry alone among the four Supreme Court candidates has sought and received funding through the pilot program. Provided $350,000 for the general election, Loughry is seeking another $144,500 or so in matching funds. |
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Lawyer: LaBelle settles suit over NYC lobby run-in
Attorney News |
2012/09/05 22:18
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R&B diva Patti LaBelle has agreed to pay $100,000 to a Manhattan woman who accused her of hurling curses and water at her and her 18-month-old daughter during a dust-up over parenting in an apartment building lobby.
Roseanna Monk and her husband, Kevin, filed a lawsuit against LaBelle last year.
The couple lives in a Manhattan building where the Grammy Award-winning singer stayed while appearing in the Broadway musical "Fela!"
The couple's lawyer, Sam Davis, tells the New York Post LaBelle settled the case even before being deposed. The Monks will donate the money to a children's cancer charity. LaBelle's publicist declined to comment.
According to the lawsuit, LaBelle chastised Roseanna Monk, threw a bottle of water and launched into an obscenity-filled tirade during the Nov. 11, 2010 argument. |
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