The lawsuits accuse the banks of misrepresenting the risks of residential mortgages they packaged into securities, causing losses for investors.
Mahmoud Abdel-Salam Omar, a former chairman of the Bank of Alexandria and the Egyptian American Bank, pleaded guilty to a misdemeanor charge last year in exchange for no jail time.
It’s been relatively easy for district courts to figure out how to apply the U.S.
Martin Weisberg was indicted in 2008 on 10 counts of wire fraud and one count of money laundering. He is accused of secretly placing $30 million of the client’s money in an interest-bearing account.
Gupta is accused of leaking stock secrets to Rajaratnam, his erstwhile friend and business associate who was convicted and is now in prison.
Dharun Ravi faced a maximum of 10 years in a tragic case that put the national spotlight on gay bullying in the age of webcams and social media.
OPINION – Petitioner, investigator with Department of Environmental Conservation, was denied accidental disability retirement benefits; after securing loose container of dangerous snakes, he hurriedly lowered himself from bed of pickup truck and injured knees, not an “accident.” (N.Y. App. Div. 3d Dep’t)
Justice Barbara Kapnick need only determine whether the decision to approve the bond insurer’s restructuring was rational, argued an attorney for the state’s regulator, not whether it was right.
OPINION – Prisoner received due process in disciplinary hearing; Commissioner of Corrections and Community Supervision found petitioner guilty of violating a prison disciplinary rule and engaging in gang-related activities and unauthorized organizational activities. (N.Y. App. Div. 3d Dep’t)
Attorneys from Dewey & LeBoeuf continue to spread out among other firms; Kelli Moll joins Akin Gump Strauss Hauer & Feld.
ORDER – Where, during traffic stop, defendant accelerated with officer partially inside vehicle, causing serious and permanent injury, sentence of five years in prison was not overly harsh; sentence was also within the range agreed to as part of the plea agreement. (N.Y. App. Div., 3d Dep’t)
Under the agreement with plaintiffs, the company has a little-noticed right to walk away from the deal.