0 results for 'Morvillo Abramowitz Grand'
Bid to Dismiss Rigas Indictment Fails
A federal judge on Monday refused to dismiss the indictment against the chief players in the fraud scandal involving cable company Adelphia Communication Corp., rejecting motions by company founder John J. Rigas, sons Timothy and Michael Rigas, and former assistant treasurer Michael C. Mulcahey, who attacked the indictment as charging multiple conspiracies.World Business Center Inc. v. Euro-American Lodging Corp.
Non-Signatory to Any Agreement With a Relevant Arbitration Clause Is Not Compelled to ArbitrateClaims Against Counsel Survive in Banks' $1.7 Billion Global Crossing Suit
JPMorgan Chase and a syndicate of major banks may proceed with their suit against the former general counsel and an in-house lawyer of Global Crossing Ltd., though a federal judge expressed strong doubts about the claims against the attorney defendants. James C. Gorton and Jackie Armstrong were among 23 former Global Crossing executives named in the $1.7 billion suit. The banks claim the executives engaged in a scheme to inflate revenue and disguise the true financial condition of the company.Panel Overturns 81 Insider Trading Counts
In an unusual turn, the 2nd Circuit has overturned 81 of 84 guilty counts in a case arising from one of the nation's largest insider trading schemes. The court ruled that the Southern District of New York was not the proper venue for trying the three defendants from Kentucky. The case originated with great fanfare in March 2000, when prosecutors acted against 19 defendants who reaped more than $8 million in illegal profits.Trending Stories
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