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Dutch Supreme Court: Fortis was mismanaged
Law Firm Press Release |
2013/12/09 14:33
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The Netherlands' Supreme Court has upheld rulings that the now-defunct Belgian bank Fortis NV was mismanaged from September 2007 to September 2008, and its then-management board can be held accountable.
Friday's ruling opens the door for investor claims against former CEO Jean-Paul Votron, among others, though not former supervisory Chairman Count Maurice Lippens, whom lower courts found was too far removed from decision making to be held liable.
Fortis, Royal Bank of Scotland and Spain's Santander bought Dutch bank ABN Amro in a hostile takeover in 2007, nominally the largest in banking history.
Fortis agreed to buy ABN's Dutch operations for 24 billion euros in its part of the deal but was unable to finance the buy — which represented around half of its own total size — and eventually spiraled toward bankruptcy. The Dutch state ultimately nationalized all Fortis-ABN operations in the Netherlands in 2008 to avoid a meltdown of the country's financial system. The rescue has cost taxpayers at least 32 billion euros. |
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New Calif. court date set for ex-Nevada lawmaker
Topics in Legal News |
2013/12/09 14:33
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A California court date was pushed back again for a former Las Vegas-area lawmaker jailed since a freeway chase and scuffle with police the day he was expelled last March from the Nevada Assembly.
Prosecutor Shannon Faherty said a Friday court date for Steven Brooks was reset to Jan. 10 in San Bernardino County Superior Court in Victorville at his lawyer's request.
Brooks' defense attorney, Sean O'Connor, didn't immediately respond to a message.
Brooks pleaded not guilty Aug. 6 to felony evasion, obstructing an officer and throwing a substance at a police vehicle charges and misdemeanor harming a police animal.
He's being held at the San Bernardino County Jail on $100,000 bail.
The former North Las Vegas Democrat was expelled from the Legislature March 28 as a security threat. |
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Court hears discrimination case over wedding cake
Top Court Watch |
2013/12/05 14:42
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A Colorado baker who refused to make a wedding cake for a same-sex ceremony should not be forced to violate his religious beliefs, his attorney told a judge deciding whether the cake-maker should be made to accommodate gay couples. But an attorney representing a gay couple countered Wednesday that the baker's faith doesn't give him a right to discriminate.
At issue in the complaint from David Mullins and Charlie Craig against Masterpiece Cakeshop in suburban Denver is whether religious freedom can protect a business from discrimination allegations from gay couples.
Mullins and Craig wanted to buy a cake last year, but when one of the shop owners, Jack Phillips, found out the cake was to celebrate a gay wedding, he turned the couple of away and cited his religious faith.
"(His) faith, whatever it may have to say about marriage for same-sex couples or the expressive power of a wedding cake, does not give the respondents a license to discriminate," Amanda Goad, an attorney with the American Civil Liberties Union, told an administrative judge in Colorado's Civil Rights Commission.
Phillips' attorney, Nicolle Martin, said her client shouldn't be forced to ignore his Christian faith while running the business he's had for nearly 40 years. She said Phillips feels "privileged to design and create the cakes that celebrate the joyous events of people's lives." |
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LA airport shooting suspect appears in court
Topics in Legal News |
2013/12/05 14:42
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The man charged with killing a Transportation Security Administration officer and wounding two other agents and a civilian during a shooting rampage at Los Angeles International Airport made his first court appearance Wednesday, still showing signs of the gunshot wounds suffered when he was arrested.
Paul Ciancia hadn't been seen in public since the Nov. 1 attack that created chaos at one of the nation's busiest airports and affected air travel around the country.
The 23-year-old spoke in whispers and showed no emotion during the 10-minute hearing in the West Valley Detention Center in Rancho Cucamonga, about 45 miles east of Los Angeles. He's being housed at the facility in federal custody.
U.S. Magistrate Judge David Bristow asked the diminutive, slender Ciancia if he understood the charges against him.
"Yes," responded Ciancia, who was shackled at his hands and feet and had a bandage on his neck and bruises on the left side of his face.
His lawyers didn't comment on his injuries.
Airport police responding to the rampage shot Ciancia four times, including once in the mouth. He was hospitalized for more than two weeks before being placed in federal custody. |
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Black LA firefighter awarded $1.1m in bias lawsuit
Law Firm Press Release |
2013/12/02 13:30
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Six years after losing in his first trial, a black Los Angeles firefighter was awarded $1.1 million Monday by a jury that found he suffered discrimination during his nearly three-decade career.
After 16 days of deliberations and a seven-week trial, the jurors found in favor of Jabari S. Jumaane in a lawsuit alleging a pattern of discrimination, harassment and retaliation in the Los Angeles Fire Department.
Jumaane alleged that he was subjected to racial slurs and jokes and that his supervisors falsified his performance evaluations, leading to suspensions and reprimands.
"We are grateful to the jury for this historic verdict which clearly indicts the department and the city for its systemic discrimination and retaliation against black fire members which it has condoned and perpetuated for decades," Jumaane's attorney Nana Gyamfi said in a statement.
Jumaane said he was grateful the jury was able to render the only reasonable verdict.
Attorneys for the city argued that Jumaane's poor performance evaluations were justified, and his harassment allegations were false.
Rob Wilcox, a spokesman for City Attorney Mike Feuer, said the city hasn't yet chosen its next move. |
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