Friday, December 19, 2008
Typical Insider Trading Case
Here is a typical insider trading case from today's New York Times...
December 19, 2008
Prosecutors Accuse Ex-Lehman Broker of Passing Tips on Mergers
By ANDREW ROSS SORKIN and MICHAEL J. de la MERCED
“Where has my goose gone? Come back little goose.”
So went an instant message from a day trader to his broker, seeking a tip as part of a $4.8 million insider-trading scheme disclosed by regulators on Thursday.
Prosecutors accused the broker, Matthew C. Devlin of Lehman Brothers, of illegally passing on inside information about at least 12 coming mergers — including InBev’s takeover of Anheuser-Busch and Dow Chemical’s acquisition of Rohm & Haas — that he surreptitiously obtained from his wife, a public relations executive whom he repeatedly referred to as his “golden goose.”
The United States attorney for the Southern District of New York charged four people, including Mr. Devlin, with conspiracy and securities fraud that took place over more than four years, during the latest takeover boom. Separately, the Securities and Exchange Commission filed civil charges against seven people and is seeking to reclaim trading profits from two others, including a Playboy playmate.
The case harks back to a case in the 1980s when Martin Siegel, of Kidder Peabody, and Dennis Levine, of Drexel Burnham Lambert, traded inside information ahead of big mergers using cryptic phrases like “Your bunny has a good nose.”
Mr. Devlin is accused of taking advantage of confidential information gleaned from his wife, Nina, who was employed by the Brunswick Group, a London-based public relations firm that has become a big player in the world of high finance.
Financial public relations firms like Brunswick are often as deeply embedded in deals as the bankers and lawyers who negotiate them. Employees like Mrs. Devlin are made privy to secret discussions as top executives shape the public strategies of the deals.
Prosecutors say the scheme began in March 2004, when Mr. Devlin began passing on tips about deals like General Electric’s purchase of InVision to Jamil Bouchareb, a friend who was a day trader and restaurateur. Mr. Bouchareb, in turn, passed on tips to his girlfriend, Maria T. Checa, a Playboy playmate; to his parents; and to his business partner, Daniel Corbin. Mr. Corbin passed on various tips to his father, Lee Corbin, a lawyer.
Mr. Devlin also tipped off a Lehman colleague, Frederick Bowers, on several occasions, who, in turn, tipped another client, Thomas Faulhaber. Mr. Devlin also tipped Eric Holzer, a friend and tax lawyer at Paul Hastings who regularly did the Devlins’ taxes. Mr. Holzer also tipped his father.
In return, prosecutors say, Mr. Devlin was given cash kickbacks, a Cartier watch, a Barneys New York gift card, a widescreen TV, a Ralph Lauren leather jacket and a lesson at a Porsche driving school.
Mr. Devlin has pleaded guilty to four counts of conspiracy and one count of securities fraud; Mrs. Devlin was not implicated, and prosecutors contend that she was unaware of her husband’s dealings. Indeed, Mr. Devlin told Mr. Bouchareb and Daniel Corbin several times that his wife would divorce him if she discovered his insider trading, according to the criminal complaint.
“She was completely unaware that confidential information about her job was being used as the basis for securities trading,” James J. Benjamin Jr., a lawyer for Mrs. Devlin, said in a statement. “She is devastated by this terrible situation.”
In a statement from Brunswick, the firm said, “Our employee was the victim of a criminal act by her spouse.”
Lilly Ann Sanchez, a lawyer for Jamil Bouchareb, said her client would plead not guilty. “The facts aren’t always as presented by the government,” she said. “We are surprised by the allegations and believe that once all the facts are revealed, Mr. Bouchareb will be exonerated.”
The Devlin case appears similar to some others filed in recent years. In 2006, a stockbroker pleaded guilty to insider trading after profiting from inside information gained from his girlfriend, a lawyer at Weil, Gotshal & Manges. And last year, a man who was a vice president at Oracle pleaded guilty to trading on information about potential acquisitions that he obtained from his wife, an executive assistant to Lawrence J. Ellison, the technology giant’s chief executive.
The scheme nearly fell apart in April 2006, when Brunswick received a notice from Finra, the securities industry’s own watchdog. The notice showed Mr. Holzer on a “watch list” for trading. It appears Mrs. Devlin communicated that information to her husband. Nonetheless, the group continued to trade in various other deals like Electronic Arts’s bid for Take-Two Interactive.
Prosecutors contacted Lehman Brothers earlier this year, before the firm filed for bankruptcy, notifying them that they were investigating Mr. Devlin and Mr. Bowers. Lehman was told not to take any action against the two.
In a statement, Barclays Wealth, which absorbed the Lehman unit that Mr. Devlin and Mr. Bowers worked for, said: “Barclays Wealth — and Lehman Brothers prior to its acquisition — cooperated fully with law enforcement authorities to assist them in their investigation into this alleged insider trading ring.”
By the fall, Mr. Devlin began cooperating with federal investigators, including by secretly taping conversations with Mr. Bouchareb, Daniel Corbin and Mr. Holzer. He persuaded Mr. Bouchareb to acknowledge on tape that they might need a back story for their earlier trading.
“Right, right, right,” Mr. Bouchareb said. “Don’t worry, we’re on it.”
Thursday, August 21, 2008
Don't you just love open minded faculty?
Here's an example from today's New York Times:
Robert S. Summers, who has taught at Cornell Law School for about 40 years, announced this week — in a detailed, footnoted memorandum — that he would ban laptop computers from his class on contract law.
“I would ban that too if I knew the students were using it in class,” Professor Summers said of the iPhone, after the device and its capabilities were explained to him. “What we want to encourage in these students is active intellectual experience, in which they develop the wide range of complex reasoning abilities required of the good lawyers.”
I guess the good professor just can't seem to figure out how to use technology to offer his students an ""active intellectual experience, in which they develop the wide range of complex reasoning abilities required of the good lawyers.” Move over, fossil faculty... some of us can actually do that without the need to ban anything. In fact, in my experience, it works in just the opposite way. Technology actually enhances the learning process, and does not detract from it. But this professor doesn't appear to realize that. Makes you also wonder if this guy actually changed his lecture notes over those 40 years.
My bet is that he knows a lot about contracts... but very little about technology. Notice that the iPhone and its capabilities had to be explained to him.
While he is in the mood to ban things, maybe he would consider banning himself as a legal resource that is definitely obsolete and out of touch with today's law practice realities.
After all, how does he expect contract lawyers to communicate in the 21st Century? Using pens? Maybe even quills?
Or maybe it's just that this professor teaches the HISTORY of contract law and just want to be left alone to be part of it!
Wednesday, July 30, 2008
Classic moment in American television history!
http://www.cnn.com/video/#/video/us/2008/07/29/vo.quake.judge.judy.cnn
(The look on the defendant's face is priceless!)
Tuesday, July 29, 2008
Should you discuss matters with a policeman without an attorney present?
NO!
Need further convincing?
In a brilliant pair of videos, Prof. James Duane of the Regent University School of Law and Officer George Bruch of the Virginia Beach Police Department present a forceful case for never, ever, ever speaking to the police without your lawyer present.
Any questions?
Thursday, May 29, 2008
Are you having a dispute with your next door neighbor?
You definitely might want to see this...
http://www.cnn.com/video/#/video/us/2008/05/29/pkg.ne.tree.cut.in.half.ketv
Sunday, May 11, 2008
New Outsourcing Industry Is Growing 60 Percent Annually
Interesting article in the Washington Post on Sunday, May 11, 2008, on page A20...
Key points:
In the past three years, the US legal outsourcing industry here has grown about 60 percent annually. According to a report by research firm ValueNotes, the industry will employ about 24,000 people and earn revenue of $640 million by 2010.
The explosion of opportunity here was triggered by what are known as "e-discovery laws," a set of U.S. regulations established in 2006 to govern the storage and management of electronic data (any kind of electronic document or file) for federal court actions. Overnight, the volume of information to be stored, archived, filtered and reviewed for litigation swelled. But there were not enough affordable lawyers or paralegals to do the work in the United States.
Because of the sensitive nature of legal work, Indian outsourcing companies have tried to allay the concerns about confidentiality. They have installed closed-circuit televisions, network safeguards and hack-proof servers. Many outsourcing companies in India already have those security measures in place because they have been handling the credit card and banking operations of global companies for more than a decade. Industry members say that outsourcing of legal work to India is a natural next step.
An interesting sign of the times!
However... consider this... at the time of this writing, I could not make even ONE of the email addresses listed for one Indian firm, Quatrro Legal Services (Quatrro BPO Solutions Pvt Ltd) work... even though one of their executives lives up the street from me. This, of course, would not provide me with a very high degree of comfort with the quality of their services.
Saturday, May 10, 2008
This stop was supposedly recorded 50 miles INSIDE the United States border.
Notice the driver repeatedly asks two questions:
"Am I being detained?"
"Am I free to go?"
What are your thoughts and comments?
Monday, March 17, 2008
Friday, February 29, 2008
Redwoods planted before neighbor's solar panels installed...
SUNNYVALE, California In an environmental dispute seemingly scripted for eco-friendly California, a man asked prosecutors to file charges against his neighbors because their towering redwoods blocked sunlight to his backyard solar panels.
But the couple next door insisted they should not have to chop down the trees to accommodate Mark Vargas' energy demands because they planted the redwoods before he installed the solar panels in 2001.
Experts say such clashes could become more common as California promotes renewable energy and solar systems become more popular.
"Five or ten years ago, you wouldn't have seen this case because there weren't that many systems around," said Frank Schiavo, a retired environmental-studies professor at San Jose State University. "I can almost guarantee there are going to be more conflicts."
After more than six years of legal wrangling, a judge recently ordered Richard Treanor and his wife, Carolyn Bissett, to cut down two of their eight redwoods, citing an obscure state law that protects a homeowner's right to sunlight.
The couple does not plan to appeal the ruling because they can no longer afford the legal expenses, but they plan to lobby state lawmakers to change or scrap the law.
The Solar Shade Control Act means that homeowners can "suddenly become a criminal the day a tree grows big enough to shade a solar panel," Treanor said.
The case marks the first time a homeowner has been convicted of violating the law, which was enacted three decades ago, when few homeowners had solar systems.
The law requires homeowners to keep their trees or shrubs from shading more than 10 percent of a neighbor's solar panels between 10 a.m. and 2 p.m., when the sun is strongest. Existing trees that cast shadows when the panels are installed are exempt, but new growth is subject to the law.
Residents can be fined up to $1,000 a day for violations, though the judge did not impose any fines against the Treanors.
Vargas says the law protects his $70,000 investment in solar power, and he believes it should be strengthened.
"I think it's unfair that a neighbor can take away this source of energy from another neighbor," he said.
Treanor, a retired engineer, said he and his wife are not against solar power, "but we think there's a rational way to implement it."
Solar power is growing rapidly in California, which is by far the nation's biggest generator of solar energy. In 2007, more than 30,000 California homes and businesses had rooftop solar panels, with the capacity to generate 400 megawatts of electricity.
That's as much as eight power plants, according to the nonprofit Environment California.
The boom is being fueled by the California Solar Initiative, which offers homeowners and businesses more than $3 billion in rebates over the next decade to install solar-electric systems.
Both sides say they want to do what's best for the environment.
Treanor and Bissett, who drive a hybrid Toyota Prius, argue that trees absorb carbon dioxide, cool the surrounding air and provide a habitat for wildlife.
Vargas, who recently bought a plug-in electric car, counters it would take two or three acres of trees to reduce carbon dioxide emissions as much as the solar panels that cover his roof and backyard trellis.
Bernadette Del Chiaro, clean energy advocate for Environment California, says the solar shade law might need to be revised to prevent similar disputes.
"We want to make sure we are protecting individuals who have invested a lot of money in solar power, which is an important resource for the state," she said. But lawmakers might want to "take a look at the policy and make sure it's written in a way that's fair to everybody."
Special reports
Related Stories
Talk about a clash of cherished green values.
In a case with statewide significance, the Santa Clara County District Attorney's Office is pursuing a Sunnyvale couple under a little-known California law because redwood trees in their backyard cast a shadow over their neighbor's solar panels.
Richard Treanor and Carolynn Bissett own a Prius and consider themselves environmentalists. But they refuse to cut down any of the trees behind their house on Benton Street, saying they've done nothing wrong.
"We're just living here in peace. We want to be left alone," said Bissett, who with her husband has spent $25,000 defending themselves against criminal charges. "We support solar power, but we thought common sense would prevail."
Their neighbor Mark Vargas considers himself an environmentalist, too. His 10-kilowatt solar system, which he installed in 2001, is so big he pays only about $60 a year in electrical bills. He drives an electric car.
Vargas said he first asked Treanor and Bissett to chop down the eight redwoods, which the couple had planted from 1997 to 1999 along the fence separating their yards. Later, he asked them to trim the trees to about 15 feet.
"I offered to pay for the removal of the trees. I said let's try to work something out," Vargas said. "They said no to everything."
He installed the panels.
After several years of squabbling and failed mediation, Vargas filed a complaint with the Santa Clara County
They sent Treanor and Bissett a letter informing them that they were in violation of California's Solar Shade Control Act and that if they didn't "abate the violation" within 30 days, they would face fines of up to $1,000 a day.
Obscure law
The law, signed by former Gov. Jerry Brown in 1978, is rarely used. But county prosecutors say Treanor and Bissett are breaking it.
"It's not that we think trees are more or less important than solar collectors. It's that our state's leaders have said under the following circumstances, solar takes precedence," said Ken Rosenblatt, supervising Santa Clara County deputy district attorney for environmental protection.
The law was written by former Assemblyman Chuck Imbrecht, a Ventura Republican, as a way to guarantee, amid the energy crises of the 1970s, that people who installed solar panels wouldn't see a drop in their investment from nearby trees.
It affects only trees planted after 1979, and bans trees or shrubs from shading more than 10 percent of a neighbor's solar panels between 10 a.m. and 2
p.m.It does not apply to trees or shrubs that were there before the solar panels were installed. But - and here's the key distinction - it does apply to existing trees and shrubs that later grew big enough to shade the solar panels. A violation is an infraction, like a parking ticket, but with fines of up to $1,000 a day.
The redwoods, which Treanor and Bissett say they planted for privacy, are now between 20 and 40 feet tall.
In December, Santa Clara County Superior Court Judge Kurt Kumli found the couple guilty of one count of violating the Solar Shade Control Act. In a partial victory for each side, he ruled that six of the trees can remain and that the two generating the most shade must be removed. He also waived any fines.
Order appealed
But the couple appealed. Why?
They are worried that their case sets a precedent.
Their lawyer can find no other conviction under the shade law.
"We could be done with this and walk away," Bissett said. "But then this could start happening in every city in the state."
Rosenblatt said prosecutors in Sonoma County are watching the case because they have a potential violator.
Meanwhile, Vargas says he can't move the solar panels on his trellis being shaded by the trees because his roof doesn't have enough room.
Kurt Newick, who sells solar systems for a San Jose company, says he loves trees as much as anyone, but he falls on the side of solar energy.
"I'm a big tree fan. They increase property values and provide shade and cooling. But it's actually better for the environment to put solar on your roof than to plant a tree," said Newick, who is also chairman of the global warming committee of the Loma Prieta Chapter of the Sierra Club.
"On average, a tree only sequesters 14 pounds of carbon dioxide a year and a solar electric system offsets that every two or three days," he said.
But Frank Schiavo, a retired San Jose State University environmental studies lecturer, said the law needs fixing.
"If you have trees, you should be left alone," said Schiavo, who also has solar panels on his roof. "This is going to turn into a nightmare for some homeowners. It doesn't seem fair."
Bissett and Treanor plan to ask state politicians to modify the law. Until then, they believe, they are groundbreakers.
"We are the first citizens in the state of California to be convicted of a crime for growing redwood trees," Bissett said, forcing a smile.
Wednesday, February 20, 2008
WASHINGTON - The Supreme Court ruled Wednesday February 20, 2008 that individual participants in the most common type of retirement plan can sue under a pension protection law to recover their losses.
The unanimous decision has implications for 50 million workers with $2.7 trillion invested in 401(k) retirement plans.
James LaRue of Southlake, Texas, said the value of his stock market holdings plunged $150,000 when administrators at his retirement plan failed to follow his instructions to switch to safer investments.
The issue in the LaRue case was whether the Employee Retirement Income Security Act permits an individual account holder to sue plan administrators for breaching their fiduciary duties.
The language of the law refers to recovering money for the "plan" rather than for an individual, raising the question of whether a participant can sue solely for himself.
Justice John Paul Stevens, in his opinion for the court, said that such lawsuits are allowed. "Fiduciary misconduct need not threaten the solvency of the entire plan to reduce benefits below the amount that participants would otherwise receive," Stevens said.
The decision overturned a ruling by the 4th U.S. Circuit Court of Appeals in Richmond, Va.
Unlike people enrolled in traditional pension plans, employees in 401(k) plans, which have exploded in number in the past two decades, choose from a menu of options on where to invest their money. That puts workers squarely in the middle of decision-making about their pensions and inevitably leads to the kind of disputes LaRue has with his plan's administrators.
"Defined contribution plans dominate the retirement plan scene today," unlike when ERISA was enacted in the mid-1970s, Stevens said.
Many traditional pension plans guaranteeing a fixed monthly benefit have either been frozen or terminated, and 401(k) plans are the main source of retirement income, said the Air Line Pilots Association, which represents 60,000 pilots at 41 air carriers.
The Bush administration argued in support of workers. The government said the appeals court ruling barring LaRue's lawsuit would leave 401(k) participants without a meaningful remedy from any federal, state or local court when plan administrators fail to live up to their duties.
Business groups supported LaRue's employer. They argued that ERISA is aimed at encouraging employers to set up pension plans, while guarding against administrative abuses involving the plan as a whole. The law doesn't permit individual lawsuits like LaRue's, the business groups said.
Congress enacted ERISA after some widely publicized failures by companies and labor unions to pay promised pensions. Workers in class-action lawsuits have long relied on the law, most recently in the scandal-ridden collapses of companies like Enron and its 401(k) plan for workers.
The term 401(k) refers to a section of the Internal Revenue Code.
Participants in 401(k) plans do not know how much money they will receive in retirement. Employees invest a certain amount each month and how much they get back depends on how well their chosen investments have performed.
The case is LaRue v. DeWolff, 06-856.
Wednesday, February 13, 2008
Jin and Soo Chung discuss $54 million pants lawsuit
If you haven't seen this video, you absolutely must!
Instead of investing to develop the technologies for our future, we are stuck with legal situations like this.
And that's not all!
Here comes a new lawsuit!
US woman sues IT retailer for 54 million over lost laptop
54 million must be a popular number in law firms these days!Wednesday, January 30, 2008
We must always remember that there are real people involved in every legal case that we read. Sometimes this can be forgotten.
Take for example the recent case of a stillborn baby accidentally sent to a laundry in Texas.
Crenshaw v. Sarasota County Public Hosp. Bd.
466 So.2d 427, 10 Fla. L. Weekly 880--------------------------------------------------------------------------
District Court of Appeal of Florida,Second District.
Sheryl CRENSHAW, Appellant,
v.
SARASOTA COUNTY PUBLIC HOSPITAL BOARD
a/k/a Sarasota Memorial Hospital
and Willie Williams, Appellees.
No. 81-2020.
April 3, 1985.
Mother of stillborn child whose body was mutilated
after being inadvertently placed with hospital's
laundry brought action for mental and emotional
distress.
The Circuit Court, Sarasota County, Frank T. Schaub,
J., dismissed complaint, and mother appealed.
The District Court of Appeal, Campbell, J., held
that:
(1)mother had no cause of action for mental distress,
and (2) she had no breach of contract action for
mental distress caused by alleged breach.
Affirmed.
Mother who did not see mutilated body of stillborn
child and was not involved in the events leading
to body's mutilation, except the birth itself, and
who did not suffer discernible physical injury as a
result of her psychological trauma, had no cause
of action against hospital for mental and emotional
distress suffered as a result of alleged negligence.
*428 Harold R. Busch; and James R. Dirmann of
Dirmann & Scott, Sarasota, for appellant.
Lewis F. Collins, Jr. of Dickinson, O'Riorden,
Gibbons, Quale, Shields & Carlton, P.A., Sarasota,
for appellees.
CAMPBELL, Judge.
Appellant, Sheryl Crenshaw, seeks review of the
final order dismissing her amended complaint against
appellees, Sarasota County Hospital Board, also
known as Sarasota Memorial Hospital, and Willie
Williams.
In September 1977, appellant delivered, at thirty
-two weeks, a stillborn child. The child's body was
wrapped in a green linen sheet and taken to the
hospital morgue. Shortly after the body arrived
at the morgue, it was placed in a laundry bin
and taken to a commercial laundry. Several days
later, the child's body was discovered in a
commercial washing machine mutilated from the
action of the machine. Appellant apparently
never saw the child.
Appellant filed suit to recover damages for
the purely mental and emotional distress she
suffered as a result of the negligence of appellees.
Appellees argued that there is no cause of action
for emotional distress absent physical contact
or impact to appellant.
At the suggestion of the parties, this case was
stayed pending the outcome of Champion v. Gray,
No. 62,830, (Fla. Mar. 7, 1985) [10 FLW 164]. In
Champion, the court addressed the certified question:
"Should Florida abrogate the 'Impact Rule' and
allow recovery for the physical consequences
resulting from mental or emotional stress caused
by the defendant's negligence in the absence of
physical impact upon the plaintiff?"
To a limited extent, the court answered the
question in the affirmative. However, the outcome
of Champion provides no relief to appellant.
In Champion, the complaint alleged that a
drunk driver ran off the road striking and
killing Karen Champion. Her mother, Joyce Champion
heard the accident and immediately went to the scene.
Upon seeing her daughter's body, Joyce Champion
collapsed and died.
The Florida Supreme Court found these allegations
stated a cause of action.
The court stated:
[T]he price of death or significant discernible
physical injury, when caused by psychological
trauma resulting from a negligent injury imposed
upon a close family member within the sensory
perception of the physically injured person, is
too great a harm to require direct physical
contact before a cause of action exists.
We emphasize the requirement that a causally
connected clearly discernible physical impairment
must accompany or occur within a short time of the
psychic injury.
Further, the court noted that the psychically
injured party should be "directly *429 involved
in the event causing the original injury. If such
a person sees it, hears it, or arrives on the scene
while the injured party is still there that person
is likely involved." Champion, 10 FLW 160, 166.
In Brown v. Cadillac Motor Car Division,
468 So.2d 903 (Fla. 1985), the court stated that
Champion does not abolish the requirement that a
demonstrable physical injury must flow from the
accident before a cause of action exists.
"We hold there is no cause of action for
psychological trauma alone when resulting from
simple negligence."
[1] Here, appellant did not allege that she
saw the mutilated body or that she was involved
in the event, except for the birth of the stillborn
child, in any way. Nor did she allege that
she suffered a discernible physical injury as a
result of her psychological trauma. Thus,
appellant did not allege a cause of action
under the requirements of Champion.
[2] Appellant also sought recovery on the basis
that appellees' negligent breach of their contract
caused appellantmental and emotional distress.
We do not believe there may be recovery for
mental distress caused by a breach of contract
in the absence of an independent willful tort.
Gellert v. Eastern Airlines, Inc., 370 So.2d 802
(Fla. 3d DCA 1979), cert. denied, 381 So.2d 766
(Fla.1980); cf. Kirksey v. Jernigan, 45 So.2d 188
(Fla.1950).
For the reasons stated above, we affirm the
dismissal of appellant's amended complaint.
RYDER, C.J., and SCHOONOVER, J., concur.
West Headnotes
[1] Damages 115 k 57.28
115 Damages
115III Grounds and Subjects of Compensatory Damages
115III(A) Direct or Remote, Contingent, or Prospective
Consequences or
Losses
115III(A)2 Mental Suffering and Emotional Distress
115k57.26 Injury or Threat to Another; Bystanders
115k57.28 k. In Utero and Childbirth. Most
Cited Cases
(Formerly 115k56.20, 115k51)
[2] Damages 115 k 57.42
115 Damages
115III Grounds and Subjects of Compensatory Damages
115III(A) Direct or Remote, Contingent, or Prospective
Consequences or
Losses
115III(A)2 Mental Suffering and Emotional Distress
115k57.41 Breach of Contract or Warranty
115k57.42 k. In General. Most Cited Cases
(Formerly 115k56)
There is no recovery for mental distress caused by breach of contract
in the
absence of an independent willful tort.
Tuesday, January 22, 2008
Police Officers' Can Search Your iPhone Following Arrest For A Traffic Violation
The Fifth Circuit's recent case in 2007, United States v. Finley, is representative. Police arrested Finley after a staged drug sale. The police then searched Finley incident to arrest and found a cellphone in his pocket. One of the investigating officers searched through the phone's records and found text messages that appeared to relate to drug trafficking...the court explained that "police officers are not constrained to search only for weapons...they may also, without any additional justification, look for evidence of the arrestee's crime on his person in order to preserve it for use at trial.
Thursday, January 17, 2008
They probably don't get a lot of computer law cases up there in North Dakota... which is why lots of people are scratching their heads trying to figure out the logic of a recent case.
You be the judge!
Sierra Corporate Design, Inc., v. David Ritz
Comments about the case here and here!
Thursday, January 10, 2008
It's a common occurrence... submit to some medical procedure... and then suffer some adverse consequence as a result.
What SHOULD you do?
What CAN you do?
CNN today carried an interesting article about a patient who suffered an adverse consequence from a medical procedure.
Many assume a lawsuit would be the obvious path.
But medical malpractice lawyers consulted by CNN said that the costs to bring a suit (to say nothing about appeals, etc.) could far exceed any potential court judgment. In other words, the system is too costly, slow and cumbersome for all except for the most grievous and obvious medical malpractice errors (the big dollar "moon shot" type case with a corresponding big pay day for the lawyer).
Christine (ironically a physician herself) visited a malpractice attorney recommended by a friend. But he wouldn't take the case. A different lawyer contact by CNN said he wouldn't have either, partly because he wouldn't make much money off it.
"What are her losses -- maybe $50,000? I can't afford to take a case that recovers $50,000," says Wayne Grant, an Atlanta malpractice attorney. "My expenses would likely be more than the recovery. She's out of luck."
Plus, he said, it would be a very difficult case to win, because it would be tough to show the injury was the result of the doctor's negligence.
"Just because you have a bad outcome doesn't mean you can sue," he says.
A physician consulted by CNN said that maybe the doctor and hospital would settle with the patient voluntarily. But what would cause them do that?
Isn't there something a bit wrong with a legal system like this?
P.S. In a separate development, the St. Petersburg Times carried an article today about a dispute between an attorney and one of the two USF students accused of making terrorist bombs in August.
According to the Times, the attorney, John Fitzgibbons, said that the Eqyptian Embassy agreed to pay him a $500,000 trial fee, plus $200,000 for expenses. He received a $50,000 advance on expenses.
With prices like this, how much justice can YOU afford?