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High court won't hear appeal on mortgage ratings
Court Watch |
2015/11/02 09:09
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The Supreme Court won't hear an appeal from shareholders who claim the Standard & Poor's ratings firm made false statements about its ratings of risky mortgage investments that helped trigger the financial crisis.
The justices on Monday let stand a lower court ruling that threw out a lawsuit filed by the Boca Raton Firefighters & Police Pension Fund against S&P's parent company, McGraw-Hill.
A federal appeals court ruled 2-1 that statements about the integrity and credibility of S&P's credit ratings used routine, generic language that did not mislead investors.
The shareholders argued that false statements regarding a central aspect of the company's business were enough to violate federal securities laws.
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High court rejects ex-stockbroker's appeal in fraud case
Topics |
2015/11/01 09:10
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multimillion-dollar securities fraud who says federal prosecutors should have turned over documents that might have helped his defense.
The justices Monday let stand an appeals court ruling that said prosecutors didn't have to share information about the drug use of a key witness against George Georgiou. The lower court sided with prosecutors who said defense lawyers could have discovered the publicly available records on their own.
Georgiou's lawyers said prosecutors had a duty to disclose the information if they were aware of it. Several former Justice Department officials backed his claim and urged the court to take the case.
Georgiou was convicted on charges of manipulating markets of four stocks, causing $55 million in losses.
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Chinese woman pleads guilty in college test-taking scheme
Legal Interview |
2015/11/01 09:10
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A Chinese woman pleaded guilty Thursday to conspiring to have two other women take college admissions examinations in her place to help her get accepted to Virginia Tech.
Yue Zou acknowledged having her boyfriend contact a China-based test-taking service.
After that happened, Zou, of Blacksburg, Virginia, supplied her passport information through an online network known as QQ Chat, which enabled people in China to create in her name phony passports that were shipped to her in the United States.
On the passports were the photos of two other Chinese women, who took tests in the Pittsburgh area while pretending to be her.
Assistant U.S. Attorney Jimmy Kitchen told the judge that Zou forwarded results from the Test of English as a Foreign Language, or TOEFL, to Virginia Tech in November 2013 and results of a Scholastic Aptitude Test, or SAT, taken by another Chinese impostor in March 2014.
Zou, from Hegang, a city in the Chinese province of Heilongjiang, paid an unspecified sum for the TOEFL and $2,000 for the SAT, Kitchen told a judge in U.S. District Court in Pittsburgh.
Zou, 21, faces up to five years in prison when she's sentenced in February. She could also be deported, though that will be handled by federal immigration officials in a separate proceeding.
Federal authorities haven't explained how they learned of the scheme.
Zou's attorney, Lyle Dresbold, told the judge that Zou will remain confined to her Blacksburg apartment with an electronic monitoring bracelet until she's sentenced. He told the judge she's still enrolled at Virginia Tech.
University spokesman Mark Owczarski said he could not comment on her status. But he said students found to have submitted work that is not their own to gain admission would face a range of possible sanctions, including expulsion, under the university's honor code.
Zou's TOEFL test was taken by Yunlin Sun, 24, of Berlin, Somerset County. She pleaded guilty in August and faces sentencing in December. Prosecutors say Ning Wei, from Taiyuan, in the Chinese province of Shanxi, took Zou's SAT. She hasn't been arrested, and prosecutors say they believe she returned to China. |
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California appeals court rejects right-to-die lawsuit
Topics |
2015/11/01 09:10
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A California appeals court on Thursday rejected a lawsuit by three terminally ill patients that sought to clear the way for doctors to prescribe fatal medication to them and others like them who want the option of taking their lives.
A state law that makes helping someone commit suicide a crime clearly applies to physicians who provide patients lethal drugs, a division of the Fourth District Court of Appeal ruled.
"We believe prescribing a lethal dose of drugs to a terminally ill patient with the knowledge the patient may use it to end his or her life goes beyond the mere giving of advice and encouragement and falls under the category of direct aiding and abetting," Associate Justice Alex McDonald wrote.
The ruling affirmed a lower court decision that dismissed the lawsuit. The lawsuit was brought against the state by Christy O'Donnell and two other terminally ill California residents.
O'Donnell suffers from Stage IV cancer of the left lung and was given less than six months to live in May when the lawsuit was filed.
California has since approved right-to-die legislation, though it will not likely go into effect in time to benefit the three patients, the appeals court acknowledged.
John Kappos, an attorney for the patients, said they are considering all options, including an appeal to the California Supreme Court.
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German court: former SS Auschwitz guard fit for trial
Law Firm News |
2015/11/01 09:09
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A German court says a 93-year-old former SS sergeant charged with 170,000 counts of accessory to murder on allegations he served as an Auschwitz death camp guard has been declared fit for trial.
The Detmold state court said Monday a doctor determined that Reinhold H., whose last name wasn't given for privacy reasons, is fit to stand trial so long as sessions are limited to two hours per day.
Defense attorneys and prosecutors now have two weeks to submit responses to the expert opinion. The court will then decide whether to open a trial.
H. is accused of being an accessory to murders at Auschwitz from January 1943 to June 1944. The suspect says he was assigned to a part of the camp not involved in the mass murders.
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Federal court programs aim to keep defendants out of prison
Law Firm News |
2015/10/20 15:42
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Angelique Chacon had emotionally girded herself to spend six years behind bars for selling methamphetamine when her attorney gave her a way out — a new rehabilitation program in U.S. District Court in Los Angeles that might allow her to avoid prison.
Chacon, 31, a former methamphetamine user herself, accepted the pre-trial offer, got a part-time job, took classes at a technical school and graduated from the rehab program last year with a sentence of probation instead of prison.
"I'm a totally different person," she said. "I'm sober. I'm more involved with my family. I'm really there mentally."
Chacon is among hundreds of federal defendants accused of low-level crimes such as smuggling or selling small amounts of drugs who have avoided prison time in recent years with the help of court programs that focus on rehabilitation. Many of the programs offer counseling and treatment for addictions.
About a dozen federal district courts across the country have so-called pre-trial diversion programs — most launched within the past five years. The federal court system in California also has such a program in San Diego and is getting ready to launch another in San Francisco.
"The trend has really taken off," said Mark Sherman, an assistant director with the Federal Judicial Center, the research and education agency of the federal judiciary. "There's a hunger in our system to engage in meaningful criminal justice work, and this is one way of doing it."
Many of the programs function like state drug courts, where defendants with substance abuse problems receive treatment and counseling. Still others focus on young defendants with no requirement that they have drug addictions. Regardless, judges, prosecutors and pre-trial service officers say the goals are the same: To help people overcome obstacles that contributed to their crimes and save money by keeping them out of prison.
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