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Law firm to represent EPS in suit
Attorney Blog News |
2010/01/12 09:07
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| pEnid Public Schools will be represented by the law firm Rosenstein, Fist amp; Ringold in a suit filed by the father of a boy who said school officials failed to prevent assaults and harassment against his son./ppJohn Kevin Bradshaw, of Yukon, has named Enid Public Schools, school officials and coaches in the lawsuit seeking more than $40,000 in damages./ppAmber Graham Fitzgerald, director of school and community relations, said Rosenstein, Fist amp; Ringold will represent the district in the lawsuit and those named in the suit who were acting in an official capacity for the district./pp“While I cannot comment specifically on this situation, generally EPS employees have the opportunity to be represented by the district’s attorney for claims made while they are fulfilling du-ties in an official school capacity,” she said. “Representation is not provided when a claim is made against them as an individual.”/ppShe said the district does had liability insurance, which addresses this type of situation./ppShe said school officials could not comment on pending litigation./p |
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Balloon boy dad gets jail time, strict probation
Attorney Blog News |
2009/12/23 21:00
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The man who carried out the balloon boy hoax has been sentenced to jail for the stunt.
pA judge sentenced Richard Heene to 90 days in jail, including 60 days of work release that will let him pursue work as a construction contractor while doing his time. The judge also imposed conditions on Heene's probation that forbid him from profiting from the balloon spectacle in any way for four years./ppHeene choked back tears as he said he was sorry, especially to the rescue workers who chased down false reports that his 6-year-old son had floated away in a balloon. He said: I do want to reiterate that I'm very, very sorry./ppRichard and Mayumi Heene pleaded guilty to charges that they carried out the balloon stunt in October to promote a reality TV show. Mayumi Heene's sentencing is under way./p |
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Ind. attorney general sues lumber recycling plant
Attorney Blog News |
2009/12/22 21:02
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nbsp;Indiana's attorney general is suing a northern Indiana lumber recycling plant with a history of environmental and worker-safety violations.
pThe lawsuit filed Monday in Elkhart County seeks preliminary and permanent injunctions to halt open dumping of wood wastes at VIM Recycling Inc.'s Elkhart operation. It also asks a judge to order VIM to remove waste materials and debris from its property./ppCompany spokesman Tom Holt says VIM is extremely surprised by the lawsuit. He says the U.S. Environmental Protection Agency has agreed to allow VIM to place wood from the recreational vehicles and manufactured housing industries on asphalt at its property./p |
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Zain sees no risk from Econet's lawsuit
Attorney Blog News |
2009/10/12 09:48
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Kuwait-based telecom firm Zain is not concerned over a lawsuit by South Africa-based Econet Wireless disputing the ownership of Zain Nigeria, Zain's chief executive said in remarks published on Monday.
Saad al-Barrak affirmed that the group is not facing any risk from a legal dispute over Zain Nigeria, al-Rai newspaper reported. (This issue ) is old and dates back to before 2006.
Last week, Econet said it disputed the purchase in 2006 by Celtel, now called Zain, of a majority stake in a group called Vee Networks Limited, now Zain Nigeria.
Barrak said that Econet has lost similar cases that it had filed in British courts over past years, the newspaper reported.
Zain Nigeria has traded under various brands since 2001 due to a series of boardroom conflicts.
It has been known as Vee Networks, Vmobile, Celtel and now Zain Nigeria.
Econet -- which has operations in nine countries in Africa, Europe and the East Asia Pacific rim -- said in a statement it was pursuing arbitration proceedings because it believed it had been denied its right of first refusal over the stake.
It has now appealed to legal authorities including an international tribunal operating under the auspices of the United Nations for the transaction to be unwound.
Zain, a hot but tricky potential acquisition target for stagnating Western telecoms groups, has invested more than $12 billion in Africa.
Nigeria is the group's biggest market, contributing 21 per cent of customers and 17 per cent of revenues.
a href=http://www.nation.co.ke/business/news/-/1006/671322/-/ifbagfz/-/Read more.../a |
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Bondholders committee, board OK CIT restructuring
Attorney Blog News |
2009/10/02 16:12
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Struggling CIT Group Inc. has launched a debt restructuring effort it hopes will trim at least $5.7 billion from its balance sheet, but also is asking bondholders to approve a prepackaged reorganization plan in case it is forced to file for Chapter 11 bankruptcy protection.
pNew York-based CIT, one of the nation's largest lenders to small and midsize businesses, has been devastated by the downturn in the credit markets and is attempting to restructure its operations to remain in business. CIT received $2.3 billion in federal bailout aid last fall, a $3 billion emergency loan in July from some of its largest bondholders, and bought back $1 billion in debt but still needs to reduce its debt burden to survive./ppThe company said late Thursday that its restructuring plan has been approved by its board and by the steering committee of its bondholders. Under terms of the deal, bondholders would exchange their current notes for a portion of five series of newly issued secured notes, with maturities ranging from four to eight years, and/or newly issued preferred shares./ppThe exchange offers will expire just before midnight Oct. 29. However, for the out-of-court debt restructuring to be successful, CIT said at least $5.7 billion worth of debt must be able to be wiped off of its balance sheet./ppTherefore, CIT also is asking most bondholders and other holders of CIT debt to approve a prepackaged reorganization plan so the company has the option of filing for and quickly exiting Chapter 11 bankruptcy protection in the event the debt swap doesn't achieve its goals./p |
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