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Florida Investment Firm Says It Was Cheated at Auction
A Boca Raton, Fla.-based investment group has filed suit claiming it lost the bidding to purchase a profitable South Carolina steel mill in a bankruptcy auction last year due to a conspiracy between the winning bidder and the creditors' committee. The plaintiff claims that the alleged conspiracy arose because creditors such as South Carolina's main electric company wanted the mill to remain in local hands.Arbitration Claim Alleges Brokers Lost $100,000 in Worthless Investment
A Florida woman invested $100,000 of her late husband's $250,000 life insurance payout in a mortgage-backed security a year ago. Now, in an arbitration claim filed with the National Association of Securities Dealers, she claims her money evaporated in volatile collateralized mortgage obligations even before she sent a check to the brokers. The claim was filed against brokerage SAMCO Financial Services, two SAMCO brokers, clearing broker Penson Financial Services and Penson's chairman.Company Brings Defamation Suit Against Opposing Counsel for Comments in Press Release
A Georgia suit will test whether comments made in a press release about a lawsuit constitute libel. Infinite Energy charges that comments made by attorney David L. Pardue, who represents plaintiffs in a now-dismissed class action targeting Infinite for deceptive trade practices, were "false, malicious, and defamatory," and names Pardue and his then-firm as defendants in a defamation suit. Legal experts say Infinite may have a high bar to clear to meet the libel standard, and that the suit may simply be a tactical move.ABA's midyear meeting events tackle funding, jobs and race
Money, jobs and race are some of the big topics at the American Bar Association's midyear meeting, which convenes at the downtown Marriott Marquis in Atlanta today and runs through Feb. 14.High-powered lawyers and judges will address funding shortfalls for state courts and keeping clients happy with alternatives to billing by the hour at two featured panels.
Ferrell Schultz Plots Latin America Expansion
Ferrell Schultz Carter Zumpano & Fertel recently opened offices in Buenos Aires and Beirut, cities that have been wracked by political and economic turmoil. What's next, some quipped -- Kabul? Not likely. In September, the Miami-based law firm opened an outpost in the peaceful and prosperous metropolis of Santiago, Chile. And the firm doesn't plan to stop its international push there.
Greentree Financial Group, Inc. v. Execute Sports, Inc.
Publication Date: 2008-05-28 Practice Area: Business Law
Industry: Court: C.A. 4th Judge: Attorneys: For plaintiff: Alan L. Brodkin & Associates and Alan L. Brodkin for Plaintiff and Respondent. For defendant: Jackson DeMarco Tidus Petersen & Peckenpaugh, Adorno Yoss Alvarado?& Smith and William M. Hensley for Defendant and Appellant. Case number: NoG039326
Cite as 08 C.D.O.S. 6454GREENTREE FINANCIAL GROUP, INC., Plaintiff and Respondent,v.EXECUTE SPORTS, INC., Defendant and Appellant.No G039326In the Court of Appeal
Firms cautiously raised rates in 2010
Billing rates continued to climb in 2010-but by only a fraction of the rate they grew during the boom years of the mid-2000s.The average firmwide billing rate-a combination of associate and partner rates-increased by 2.7 percent in 2010, according to The National Law Journal's annual survey of hourly billing rates.Judge OKs Suit Against Firm for YouTube Video
A San Francisco Superior Court judge on Friday ruled that a Ropers, Majeski, Kohn & Bentley partner who uploaded a YouTube video reaching out to potential class action members can't use California's anti-SLAPP law to ward off a defamation suit. In denying anti-SLAPP motions by partner Thomas Clarke Jr. and his firm, Judge Harold Kahn reasoned that Clarke's allegedly defamatory YouTube comments against the maker of a dietary supplement amounted to an advertisement and thus fall short of being protected.TRENDING STORIES
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