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Rigrodsky Long, P.A. Announces Class Action Lawsuit
Legal Focuses |
2010/09/16 02:51
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| pRigrodsky amp; Long, P.A. announces that a class action lawsuit has been filed in the United States District Court for the Central District of California on behalf of all persons or entities who purchased or otherwise acquired the common stock of SearchMedia Holdings Limited between April 1, 2009 and August 20, 2010, inclusive (the Class Period), seeking to pursue remedies under the Securities Exchange Act of 1934 (the Complaint). /ppThe Complaint names SearchMedia and certain of the Company's current and former executive officers and directors as defendants. Ideation was a blank check company organized under the laws of the State of Delaware on June 1, 2007, and formed for the purpose of acquiring, through a merger, capital stock exchange, asset acquisition or other similar business combination, one or more businesses. On April 1, 2009, the Company announced an agreement to purchase SearchMedia International Limited (SMIL), a purported nationwide multi-platform media company in China. On October 30, 2009, Ideation completed the acquisition of SMIL (the Merger) and changed its name to SearchMedia. /ppThe Complaint alleges that during the Class Period, defendants made materially false and misleading statements, and/or omitted material facts, in the joint proxy statement and prospectus (the Joint Proxy/Prospectus) disseminated regarding the Merger, as well as in other public statements issued during the Class Period related to the Merger and SMIL. Additionally, the Complaint alleges that throughout the Class Period, defendants failed to disclose material adverse facts about SearchMedia's business, operations, and prospects. Specifically, defendants made materially false and misleading statements and/or failed to disclose that: (1) SMIL was improperly recognizing revenue; (2) certain of SMIL's accounts receivable related to sales generated primarily in the in-elevator business were uncollectible, (3) SMIL's financial results during the Class Period were materially overstated; (4) SMIL's financial results were not prepared in accordance with Generally Accepted Accounting Principles (GAAP); (5) SMIL lacked adequate internal and financial controls; and (6) as a result of the above, SMIL's financial statements were materially false and misleading at all relevant times. /p |
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Menzer Hill, P.A. Announces Investigation
Legal Focuses |
2010/09/08 09:26
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strongThe Securities Arbitration Firm of Menzer amp; Hill, P.A. Announces Investigation Into The Sales Practices Of Broker-Dealers That Solicited Purchases of Inverse and Leveraged Exchange-Traded Funds (ETFs)
/strongThe Securities Arbitration Firm of Menzer amp; Hill, P.A. (a href=http://www.suemyadvisor.com/www.suemyadvisor.com/a) announced today that it is investigating the sales practices of brokerage firms that solicited investors to buy leveraged and inversed Exchanged-Traded Funds (“ETFs”). Many brokerage firms, through their financial advisors, are soliciting purchases in these securities as investments, with holding periods longer than one day, while others are recommending option strategies on the underlying ETFs. The Financial Industry Regulatory Authority (“FINRA”), stated in a Regulatory Notice, sent to brokerage firms June 2009, that leveraged and inverse ETFs are “highly complex financial instruments” and “are typically not suitable for retail investors who plan to hold them for more than one trading [day], particularly in volatile markets.” Brokerage firms that failed to adhere to suitability requirements could be held liable to investors that sustained losses in solicited purchases of leveraged and inverse ETFs as a result. pInvestors that have purchased leveraged or inverse ETFs through a brokerage account or managed account offered by Merrill Lynch, a subsidiary of Bank of America (NYSE:BAC), Morgan Stanley Smith Barney (NYSE:MS), Wells Fargo Advisors (NYSE:WFC), Ameriprise Financial (NYSE:AMP), UBS (NYSE:UBS), LPL Financial, Raymond James (NYSE:RJF), Edward Jones, or other brokerage firms and have sustained losses should contact the attorneys at the Securities Arbitration Firm of Menzer amp; Hill, P.A. to determine if they have a claim for a recovery of losses. /ppLeveraged and inverse ETFs can be volatile and investors may have realized or unrealized losses in the following ETFs year to date, including but not limited to: /ptable id=t6420933_1 class=bwtablebottommargin cellspacing=0tbodytrtd id=t6420933_1_0_46200 class=bwcellpaddingleft0 bwverticalaligntop bwtextalignleftDRV down 63% (NYSEArca: DRV); /td/trtrtd id=t6420933_1_1_46200 class=bwcellpaddingleft0 bwverticalaligntop bwtextalignleftTMV down 46% (NYSEArca: TMV); /td/trtrtd id=t6420933_1_2_46200 class=bwcellpaddingleft0 bwverticalaligntop bwtextalignleftVXX down 44% (NYSEArca: VXX); /td/trtrtd id=t6420933_1_3_46200 class=bwcellpaddingleft0 bwverticalaligntop bwtextalignleftSRS down 43% (NYSEArca: SRS); /td/trtrtd id=t6420933_1_4_46200 class=bwcellpaddingleft0 bwverticalaligntop bwtextalignleftZSL down 42% (NYSEArca: ZSL); /td/trtrtd id=t6420933_1_5_46200 class=bwcellpaddingleft0 bwverticalaligntop bwtextalignleftGAZ down 38% (NYSEArca: GAZ); /td/trtrtd id=t6420933_1_6_46200 class=bwcellpaddingleft0 bwverticalaligntop bwtextalignleftTZA down 36% (NYSEArca: TZA); /td/trtrtd id=t6420933_1_7_46200 class=bwcellpaddingleft0 bwverticalaligntop bwtextalignleftUNG down 35% (NYSEArca: UNG); /td/trtrtd id=t6420933_1_8_46200 class=bwcellpaddingleft0 bwverticalaligntop bwtextalignleftTBT down 34% (NYSEArca: TBT); /td/trtrtd id=t6420933_1_9_46200 class=bwcellpaddingleft0 bwverticalaligntop bwtextalignleftFAZ down 29% (NYSEArca: FAZ); and /td/trtrtd id=t6420933_1_10_46200 class=bwcellpaddingleft0 bwverticalaligntop bwtextalignleftUCO down 28% (NYSEArca: UCO). /td/tr/tbody/tablepFor a free case evaluation or to discuss any other investment losses, please contact the Securities Arbitration Firm of Menzer amp; Hill, P.A., at 888-923-9223, or visit us on the web at a href=http://cts.businesswire.com/ct/CT?id=smartlinkamp;url=http%3A%2F%2Fwww.suemyadvisor.comamp;esheet=6420934amp;lan=en-USamp;anchor=www.suemyadvisor.comamp;index=2amp;md5=42f88a77817321b3764807a671c4f30d target=_blankwww.suemyadvisor.com/a. /pdiv id=releaseBottomdiv id=contactsdiv id=contactsBody class=bddiv class=cpMenzer amp; Hill, P.A.
Gary Menzer, 888-923-9223
a href=http://cts.businesswire.com/ct/CT?id=smartlinkamp;url=http%3A%2F%2Fwww.suemyadvisor.comamp;esheet=6420934amp;lan=en-USamp;anchor=www.suemyadvisor.comamp;index=3amp;md5=74419b7bab2fc6896122e36968209bd0 target=_blankwww.suemyadvisor.com/a /p/div/div/div/div |
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Armstrong Teasdale Adds Three New Associates
Legal Focuses |
2010/08/23 08:57
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| pArmstrong Teasdale LLP announces the arrival of associates Irina Sandler, Lauren Ashley Smith, and Adam R. Wuller. /pp“The subtle shift in the economy has brought about additional business and afforded us the opportunity to add talent,” said Michael A. Chivell, Armstrong Teasdale’s managing partner. “As we position Armstrong Teasdale as a premier firm in this region, we’ll continue to place a premium on attracting exceptional attorneys in key practice areas.”/ppFormer legal counsel at the affiliate of Emerson Electric in Moscow, Irina Sandler joins the firm’s International practice group and will focus on international trade, import and export controls, Foreign Corrupt Practices Act (FCPA) and antitrust compliance. She earned her LL.M. in Intellectual Property and Technology Law from Washington University School of Law, was an Edmund S. Muskie Graduate Program Fellow at the University of Illinois College of Law, and received her Degree in Law from Russian Law Academy of the Russian Ministry of Justice./ppLauren Ashley Smith, a recent law school graduate, is a member of the firm’s Public Finance and Real Estate, and Financial Services practice groups. Drawing on her research and scholarship in land use, and state and local government law, she will focus on public/private real estate development and municipal finance. Additionally, Smith will assist lenders and other creditors seeking to maximize their recovery against debtors in litigation, liquidation, reorganization, and bankruptcy including all aspects of post-judgment collection efforts. She earned her J.D. from Washington University School of Law and her B.A. from Marquette University. /ppAdam R. Wuller, also a recent graduate, is a registered patent attorney with the U.S. Patent and Trademark Office and joins the firm’s Intellectual Property practice group. The majority of his work will involve the preparation and prosecution of U.S. and foreign patent applications in a wide range of technical disciplines, including mechanical and medical devices. Wuller received his J.D. from Saint Louis University School of Law and his B.S. in engineering physics from the University of Illinois at Urbana-Champaign. /p |
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Law Firm Websites - Radio’s Deadly Stunts
Legal Focuses |
2010/08/17 19:26
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pThe Insider Exclusive presents: “Radio’s Deadly Stunts- The Jennifer Strange Story.” We go behind the headlines with Roger Dreyer of Dreyer Babbich Buccola Wood, LLP, the Strange family’s lead attorney, to uncover the real facts of why this 28-year-old mother of three, needlessly died of Hyponatremia (water intoxication) in this tragic incident. And joining Roger is a former contestant from the very same incident that resulted in Jennifer’s death, as well as two jurors from this case. /ppThe jury awarded Billy Strange and his family $16.5 million dollars for the wrongful death of his wife, Jennifer Strange. And, after the verdict, Roger Dreyer stated that this kind of verdict sends an important message to media organizations across the nation: From day one, we have wanted to make certain that the media in the nation, particularly radio media . . . understand they cant have these kinds of contests without taking necessary steps to research them and educate the people participating. And what stronger message could we possibly want than that? Roger A. Dreyer has tried in excess of 100 jury trials to conclusion with over twenty of those trials exceeding seven figures. /ppHe has represented a diverse client base ranging from the poor to the National Football Leagues Oakland Raiders and Al Davis in their successful trial verdict over the Oakland Alameda County Coliseum in 2003. He has been recognized by his peers as the Trial Lawyer of the Year for the State of California in 2004 and as one of the Top 100 Super Lawyers of Northern California, the only such personal injury trial attorney in the Sacramento region to be so recognized. He has achieved resolution of cases for his clients exceeding 100 million dollars, including more than 100 verdicts and settlements exceeding seven figures. He specializes in catastrophic losses and wrongful death matters. /ppRoger is also involved in community activities and since 1998, has served as the former Chair of the Board and as a current Board member for the Child Abuse Prevention Council of Sacramento as well as spending time managing Little League and coaching soccer for the past 12 years in which his four children participate. He was recognized in 2002 by the Non-profit Resource Center, Sacramento Metro Chamber of Commerce as the Outstanding Board Leader. Dreyer Babbich Buccola Wood, LLP specializes in the full range of personal injury and wrongful death cases, including vehicle accidents, dangerous products, job-related injuries, construction accidents, dangerous roadways, and trucking accidents. The firm’s attorneys are diverse people from varied backgrounds. The firm has also established a distinguished and consistent track record of successful injury victim representation spanning over 20 years. /ppYou can contact Roger Dreyer at 916-379-3500, or a href=http://www.dbbc.comwww.dbbc.com/a
/p |
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David Boies Urges ABA Members
Legal Focuses |
2010/08/06 08:53
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pDavid Boies challenged America’s lawyers to “bring the rule of law to its full fruition here in this country … to fulfill the goals and lofty rhetoric of our founding fathers,” as the keynote speaker at the Opening Assembly of the 2010 ABA Annual Meeting in San Francisco. /ppThe rule of law was the assembly theme, as ABA members gathered in the Herbst Theater of the War Memorial Veterans Building, site of the signing of the charter of the United Nations in 1945. nbsp; /ppPresident Carolyn B. Lamm pointed to ABA efforts from activities of the Section of International Law to such projects as the Central European and Eurasian Law Initiative, the Rule of Law Initiative and the World Justice Project as advancing United Nations goals to spread democracy based on law around the world. /ppBoies, co-counsel with Ted Olson in winning a federal district court ruling Wednesday that overturned California’s Proposition 8, cited “numerous challenges to the rule of law in our own country,” in applying that theme at home. /ppWhen our nation was born, it consisted of “wes” and “theys,” Boies said, with the “wes” being white male property owners and the “theys” comprising everyone else.nbsp; As the national history unfolded, the circle of “wes” expanded to encompass more and more segments of society. nbsp; /pp“We have an opportunity to expand the circle of ‘wes’ until there are no more ‘theys,’” said Boies, urging lawyers to work toward ensuring that “liberty and equality and protection of individual rights is something that every citizen equally enjoys.”/ppTo achieve that goal, Boies identified four challenges confronting his audience./ppFirst, he suggested the rule of law works best when adversaries have equivalent resources, whether those resources are plentiful or sparse. nbsp; But the “time when our system tends to break down is when one party has tremendous resources and the other party does not.”nbsp; Those are the times that “threatened to undermine the protections of the rule of law… [and lawyers] need to find ways to reduce the imbalance,” he said.nbsp; He urged reducing procedural advantages that favor the “better resourced party,” and urged lawyers to not “use discovery as a war of attrition,” for example.nbsp;
nbsp; nbsp;
Second, he called for “better tools to help juries” decide important but complex cases, such as allowing jurors to ask questions and take notes on testimony. /ppHis third challenge was to “improve judges and the judicial machinery,” citing a “crisis in terms of financing the justice system in the United States.”nbsp; First year associates in his law firm are paid higher salaries than federal district court judges, and state court judges earn even less, he said.nbsp; “If we can’t afford to spend a fraction of what we are spending to expand that system to Iraq, something is wrong with our sense of priorities,” he maintained. nbsp; /ppAll lawyers must stand up for the independence of judges, resisting threats to their safety when they make unpopular decisions, said Boies, noting that there already have been threats to harm the judge whonbsp; ruled in the Proposition 8 litigation. /ppBoies’ cited predictably equal application of the law without regard to the identity of the parties as the final challenge to the rule of law, saying that when rights depend on who is asserting them, “the rule of law is undermined.”/p |
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ABA TO HOST CYBER SECURITY DISCUSSION
Legal Focuses |
2010/08/03 08:53
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| span style=font-family: Arial; font-size: 10ptComputers and networks have brought an entire world into our homes and law offices. As it turns out, the world is full of thieves, spies and hostile armies.span style=mso-spacerun: yesnbsp; /spanWhat are the risks of cyber “insecurity,” and what can we do about them?strong style=mso-bidi-font-weight: normal o:p/o:p/strong/spanp style=margin: 0in 0in 0pt class=MsoNormalstrong style=mso-bidi-font-weight: normalspan style=font-family: Arial; font-size: 10pto:p /o:p/span/strong/pp style=margin: 0in 0in 0pt class=MsoNormalspan style=font-family: Arial; font-size: 10ptAnswers to this question and more will be provided during an upcoming program sponsored by the American Bar Association.span style=mso-spacerun: yesnbsp; /spanThe program will be held as part of the association’s Annual Meeting, which begins Thursday. o:p/o:p/span/pp style=margin: 0in 0in 0pt class=MsoNormalstrongspan style=font-family: Arial; font-size: 10pto:p /o:p/span/strong/pp style=margin: 0in 0in 0pt; mso-list: none; mso-list-ins: genuser 20100802T1254 class=MsoNormalstrongspan style=font-family: Arial; font-size: 10pto:p /o:p/span/strong/pp style=margin: 0in 0in 0pt class=MsoNormalspan style=font-family: Arial; font-size: 10pt; mso-bidi-font-weight: boldWho: span style=mso-tab-count: 1 nbsp; nbsp; nbsp;nbsp; /spanstrongStewart A. Baker/strongo:p/o:p/span/pp style=margin: 0in 0in 0pt; mso-list: none; mso-list-ins: genuser 20100802T1252 class=MsoNormalspan style=font-family: Arial; font-size: 10pt; mso-bidi-font-weight: boldspan style=mso-tab-count: 1 nbsp; nbsp; nbsp; nbsp; nbsp; nbsp; nbsp;nbsp; nbsp;/spanFormer assistant secretary for Policy, Department of Homeland Securityo:p/o:p/span/pp style=margin: 0in 0in 0pt class=MsoNormalspan style=font-family: Arial; font-size: 10pt; mso-bidi-font-weight: boldo:p /o:p/span/pp style=margin: 0in 0in 0pt class=MsoNormalspan style=font-family: Arial; font-size: 10pt; mso-bidi-font-weight: boldWhat: span style=mso-tab-count: 1 nbsp; nbsp; nbsp; /spanstrong“Cyber Security, Law and Liability — Thieves, Spies and Hostile Armies”o:p/o:p/strong/span/pp style=margin: 0in 0in 0pt; mso-list: none; mso-list-ins: genuser 20100802T1252 class=MsoNormalstrongspan style=font-family: Arial; font-size: 10ptspan style=mso-tab-count: 1 nbsp; nbsp; nbsp; nbsp; nbsp; nbsp; nbsp; nbsp; /span/span/strongspan style=font-family: Arial; font-size: 10pt; mso-bidi-font-weight: boldSponsored by the st1:city w:st=onst1:place w:st=onABA/st1:place/st1:city Standing Committee on Law amp; National Security o:p/o:p/span/pp style=margin: 0in 0in 0pt class=MsoNormalspan style=font-family: Arial; font-size: 10pt; mso-bidi-font-weight: boldo:p /o:p/span/pp style=margin: 0in 0in 0pt class=MsoNormalspan style=font-family: Arial; font-size: 10pt; mso-bidi-font-weight: boldWhen: span style=mso-tab-count: 1 nbsp; nbsp; nbsp; /spanFriday, 3:45 p.m. — 5:15 p.m.o:p/o:p/span/pp style=margin: 0in 0in 0pt class=MsoNormalspan style=font-family: Arial; font-size: 10pt; mso-bidi-font-weight: boldo:p /o:p/span/pp style=margin: 0in 0in 0pt class=MsoNormalspan style=font-family: Arial; font-size: 10pt; mso-bidi-font-weight: boldWhere: nbsp; nbsp;nbsp; nbsp;Moscone West Convention Centero:p/o:p/span/pp style=text-indent: 0.5in; margin: 0in 0in 0pt class=MsoNormalspan style=font-family: Arial; font-size: 10pt; mso-bidi-font-weight: bold nbsp; nbsp;nbsp; Room 2022, Second Flooro:p/o:p/span/pp style=text-indent: 0.5in; margin: 0in 0in 0pt class=MsoNormalspan style=font-family: Arial; font-size: 10pt; mso-bidi-font-weight: bold nbsp; nbsp; nbsp;747 Howard St.o:p/o:p/span/pp style=text-indent: 0.5in; margin: 0in 0in 0pt class=MsoNormalst1:city w:st=onst1:place w:st=onspan style=font-family: Arial; font-size: 10pt; mso-bidi-font-weight: bold nbsp; nbsp; nbsp;San Francisco/span/st1:place/st1:cityspan style=font-family: Arial; font-size: 10pt; mso-bidi-font-weight: boldo:p/o:p/span/pp style=margin: 0in 0in 0pt class=MsoNormalspan style=font-family: Arial; font-size: 10pt; mso-bidi-font-weight: boldo:p /o:p/span/pp style=margin: 0in 0in 0pt class=MsoNormalspan style=font-family: Arial; font-size: 10ptJoining strong style=mso-bidi-font-weight: normalBaker /strongin the discussion will bestrong style=mso-bidi-font-weight: normal Elizabeth Rindskopf Parker/strong, dean and professor of law, University of the Pacific McGeorge School of Law, and former general counsel, CIA; strong style=mso-bidi-font-weight: normalRobert Knake/strong, International Affairs Fellow, Council on Foreign Relations, and co-author of Cyber War; ando:p/o:p/span/pp style=margin: 0in 0in 0pt class=MsoNormalstrong style=mso-bidi-font-weight: normalspan style=font-family: Arial; font-size: 10ptHarvey Rishikof/span/strongspan style=font-family: Arial; font-size: 10pt, professor of law and national security studies at the st1:place w:st=onst1:placename w:st=onNational/st1:placename st1:placename w:st=onWar/st1:placename st1:placetype w:st=onCollege/st1:placetype/st1:place, and former legal counsel to the deputy director of the FBI.o:p/o:p/span/pp style=margin: 0in 0in 0pt class=MsoNormalspan style=font-family: Arial; font-size: 10ptspan style=mso-spacerun: yes /spano:p/o:p/span/pp style=margin: 0in 0in 0pt class=MsoNormalspan style=font-family: Arial; font-size: 10ptWhat will happen if the government makes it easier for federal agencies to demand that companies release personal electronic communications of persons who are part of a terrorism investigation?span style=mso-spacerun: yesnbsp; /spanstrong style=mso-bidi-font-weight: normalBaker/strong answered that question in a href=http://ABA.pr-optout.com/Url.aspx?515903x5321288x2157326The Washington Post/a (7/29).span style=mso-spacerun: yesnbsp; /spano:p/o:p/span/pp style=margin: 0in 0in 0pt class=MsoNormalspan style=font-family: Arial; font-size: 10pto:p /o:p/span/pp style=margin: 0in 0in 0ptspan style=font-family: Arial; font-size: 10ptWith span style=mso-bidi-font-weight: boldnearly/span 400,000 members, the American Bar Association is the largest voluntary professional membership organization in the world.nbsp; As the national voice of the legal profession, the ABA works to improve the administration of justice, promotes programs that assist lawyers and judges in their work, accredits law schools, provides continuing legal education, and works to build public understanding around the world of the importance of the rule of law.o:p/o:p/span/pp style=margin: 0in 0in 0pt class=MsoNormalspan style=font-family: Arial; font-size: 10pto:p /o:p/span/p |
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