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Ex-Tyco execs lose appeal at Supreme Court
Court Watch |
2009/06/08 11:17
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The Supreme Court is refusing to hear an appeal from two former top executives of Tyco International that challenges their convictions for fraud and larceny involving more than $100 million in bonuses. The justices' action Monday ends the effort by Tyco's former CEO L. Dennis Kozlowski and former CFO Mark Swartz to overturn their convictions. They are serving prison terms of 8 1/3 to 25 years for taking unauthorized pay. The former executives said their trial was flawed because they were denied access to certain documents that would have helped persuade the jury of their innocence. A New York State appeals court previously upheld the convictions. |
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O.C. Bar Association awards Stewart Glenn
Attorney News |
2009/05/29 09:01
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Stewart P. Glenn, a partner in the Newburgh law firm of Glenn & Breheney PLLC is this year’s recipient of the Orange County Bar Association Outstanding Service Award. Bar Association President Steven I. Milligram, Esq. and Mr. Glenn’s law partner, Mary Fern Breheney, Esq. made the presentation at the Orange County Bar Association’s Annual Meeting held at the Fountains at Wallkill Golf Club on May 7th.
Among other things, Mr. Glenn’s service to the community included 10 years on the Board of Trustees of St. Luke’s Hospital in Newburgh, 14 Years on the City of Newburgh Zoning Board of Appeals, service as Campaign Chairman and President of the Board of Orange Area United Fund (now a part of United Way of Orange County), 30 years on the Board, including a term as Chairman of the Board and currently Emeritus status of Eastern Orange County Chamber of Commerce (now a part of Orange County Chamber of Commerce), a 30 year tenure on the Board of the Amos and Sarah Holden Home, an adult home in Newburgh and several years of work with the Newburgh Jaycees as Chairman of several projects, as well as serving as Treasurer and President. In addition, he served on the Troop Committee of Boy Scout Troop 27 in Newburgh and as a youth soccer coach. In New Paltz, where Mr. Glenn resides, he serves as a Board Member and Secretary of the New Paltz Community Foundation, as a Member of the Board of Trustees of Huguenot Historical Society, New Paltz, N.Y. and as a member of the Community Improvement Team. He serves on the New Paltz Regional Chamber of Commerce Clean Sweep Committee. He and his law partner, Mary Fern Breheney, Co-Chaired the inaugural Hudson Valley Estate Planning Council public awareness and education program "Estate Planning Day" at SUNY New Paltz and they will be doing so again for the program which is to take place on October 24th of this year. |
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Google sued for selling law firm names
Legal Business |
2009/05/29 08:58
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Connecticut law firm Stratton, Faxon has sued Google for US$50,000 on discovering that a competitor's name appeared in display ads when Stratton's name was typed into the Google search box It is also seeking an injunction preventing Google from selling law firm names in its Adwords business in Connecticut. According to the Connecticut Law Journal, Stratton searched its own name, only to discover that an ad for its competitor, Silver, Golub & Teitell, turned up in the ads. Silver, Golub said it didn't know its marketing agency had purchased the Stratton keyword to enable the advertising. |
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Delaware Supreme Court gives OK to sports betting
Headline Legal News |
2009/05/29 03:57
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The Delaware Supreme Court says a proposed sports betting lottery does not conflict with the state constitution.
The opinion was requested by Gov. Jack Markell, who has signed a bill that would make Delaware the only state east of the Rocky Mountains to offer sports wagering.
In a 22-page ruling dated Wednesday, the court says the state constitution permits lotteries that have an element of skill, as long as chance is the predominant factor in winning or losing. The justices also say the proposed sports lottery satisfies the constitutional requirement that lotteries be under state control. The NFL opposes the lottery and has said it may challenge the bill in court. |
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Guilty Plea for Man Behind Creative E-Trade Scam
Court Watch |
2009/05/22 09:08
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A California man has pleaded guilty to opening tens of thousands of bogus online brokerage accounts and then pocketing tiny test deposits made by companies like E-Trade Financial and Charles Schwab.
Michael Largent, 23, of Plumas Lake, Calif. pleaded guilty Thursday to computer fraud charges in connection with the scam, which ran between November 2007 and May 2008. Largent's arrest was widely covered on the Internet last May, where it was likened to so-called Salami Slicing scams depicted in movies such as Superman III and Office Spaces. According to prosecutors, Largent wrote a script that opened more than 58,000 online accounts at instructions such as E-trade and Schwab. He used fake names, including cartoon monikers such as Hank Hill and Rusty Shackelford to open these accounts and then profited when the brokerage firms would make tiny test deposits to make sure they were linked to his account. Typically these deposits were between $0.01 and $2 but they added up. In total he made or tried to make more than $50,000 in the scam, the Department of Justice said. Largent is also alleged to have received more than $8,000 in micro-deposits from Google, although he was not charged with this in his May 22 indictment. He is set to be sentenced on Aug. 13 and faces up to five years in federal prison on two computer fraud charges, a U.S. department of Justice spokeswoman said Thursday. |
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