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The Shuman Investigates Ormat Technologies Inc.
Legal News |
2010/04/19 07:38
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pThe Shuman Law Firm today announced that it is investigating potential breaches of fiduciary duty by certain officers and directors at Ormat Technologies Inc./ppThe investigation concerns whether the Company's directors and officers caused the Company to issue materially false and/or misleading financial statements. These statements eventually resulted in the Company restating its financial results. /ppOn February 24, 2010, Ormat disclosed that the Board of Directors and Audit Committee of the Company, upon recommendation of management and after discussions with the U.S. Securities and Exchange Commission, had concluded that the Company's financial statements for the year ended December 31, 2008 required restatement and should no longer be relied upon. The Company restated its results because it improperly capitalized costs incurred in connection with the exploration and development of certain properties that it did not plan to develop. Upon this news, the price of Ormat stock declined more than 12.81% over the three days following the disclosure of this announcement. /ppIf you currently own shares of Ormat and are interested in discussing your rights as an Ormat shareholder, or have information relating to this investigation, please contact Kip B. Shuman or Rusty E. Glenn toll free at 866-974-8626 or email Mr. Shuman at a href=mailto:kip@shumanlawfirm.comkip@shumanlawfirm.com/a or Mr. Glenn at a href=mailto:rusty@shumanlawfirm.comrusty@shumanlawfirm.com/a.
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SHEPPARD MULLIN RE-ELECTS CHAIRMAN GUY HALGREN
Legal News Feed |
2010/04/16 09:56
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| pSheppard Mullin Richter amp; Hampton LLP is pleased to announce that the firm's chairman of the executive committee, Guy N. Halgren, has been re-elected to a fourth consecutive, three-year term leading the firm.nbsp; Halgren was first elected to this management role in 2001.nbsp; Halgren is the first Sheppard Mullin chairman to hold this position for four terms. nbsp; /ppOur partnership is very fortunate to have Guy at the helm for another term.nbsp; He's smart, fair and forward-thinking, said Benjamin R. Mulcahy, New York-based partner and member of the executive committee.nbsp; Guy has been instrumental in growing the firm in terms of size, locations, and practice areas, while preserving Sheppard Mullin's tradition of collegiality and entrepreneurship. nbsp; /ppSheppard Mullin has experienced significant growth in the past nine years.nbsp; The number of attorneys is now more than 500, which is more than 70% greater than the firm's attorney headcount in 2001.nbsp; During the same time period, the firm has geographically grown from a California firm, to a national firm with locations in New York and Washington, D.C., to an international firm with an office in Shanghai.nbsp; The firm currently has a total of eleven offices, having significantly expanded from four locations in 2001. /ppComparing 2001 to 2009, gross revenue has climbed from $149 million to $361 million.nbsp; Practice area growth has occurred in a number of ways, including the establishment of an institutional entertainment and media practice in 2003, the significant growth of the firm's Intellectual Property practice group in recent years, and the strengthening of signature practices: Antitrust, Corporate, Finance amp; Bankruptcy, Government Contracts, Labor amp; Employment, Litigation, Real Estate/Land Use and Tax. nbsp; /ppAdditionally, Sheppard Mullin's Business Trial practice group co-chair, Robert S. Beall, has been re-elected as the firm's managing partner for another three-year term.nbsp; He has held this firm management position since 2005.nbsp; Beall, based in the firm's Orange County office, has also been re-elected to the firm's executive committee for another three-year term.nbsp; /ppI'm very pleased that Robert has agreed to serve as the firm's managing partner for another term.nbsp; Our talents complement each other.nbsp; The firm could not have made the tremendous progress it has without Robert's contributions,nbsp; Halgren commented. /ppPartner Judy V. Davidoff has been elected to the executive committee for a three-year term.nbsp; Davidoff, based in the San Francisco office, has served as Real Estate/Land Use practice group co-chair and also as one of the firm's alternative fee czars. /ppAbout Sheppard, Mullin, Richter amp; Hampton LLP/ppSheppard Mullin is a full service AmLaw 100 firm with 550 attorneys in 11 offices located in the United States and Asia.nbsp; Since 1927, companies have turned to Sheppard Mullin to handle corporate and technology matters, high stakes litigation and complex financial transactions.nbsp; In the U.S., the firm's clients include more than half of the Fortune 100.nbsp; For more information, please visit a href=http://www.sheppardmullin.comfont color=#336699www.sheppardmullin.com/font/a.nbsp; /p |
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Wash. court: Illegal worker status inadmissible
Legal News |
2010/04/16 05:55
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| pThe Washington state Supreme Court ruled Tuesday that a man's undocumented immigrant status in the U.S. should not have been introduced in a trial while the man sought damages in a negligence lawsuit against a construction contractor./ppIn a 7-2 ruling, the state's high court reversed a state Court of Appeals decision to uphold a jury verdict against Alex Salas./ppThe question before the court revolved around the issue of whether Salas' immigration status affects his claim for future wages, given that he is illegally in the country./ppThe jury found the construction contractor had been negligent but did not award any monetary damages to him./ppI knew justice wasn't being done, said Salas' attorney Robert B. Kornfeld. Here you have someone who violates (workers' safety) and they get away with it, because this guy was undocumented? That wasn't right./ppA Mexican native, Salas was working on a construction project in Seattle in 2002 when he fell from a ladder provided by Hi-Tech Erectors./p |
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Law firms seek to represent dead miners' families
Legal News |
2010/04/14 09:45
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pLittle more than a week after the disaster, competition among lawyers to represent the families of 29 men killed in the Upper Big Branch Mine disaster has begun./ppMassey Energy, the mine's owner, has deep pockets. Lawyers who represent the families could make millions in fees if they can prove company management showed a conscious and deliberate disregard for safety./ppMassey has repeatedly denied all such accusations./ppAt least one well-known local lawyer questioned whether it's proper to seek clients so soon after the tragedy and said he could not bring himself to do it./ppLaw firms take so-called wrongful death cases for free. Losers earn nothing. Winners typically receive one-third of the amount awarded by the court./ppOn Tuesday, before all of the miners who died in the blast were buried, Underwood Law Offices, headquartered in Huntington, ran an advertisement in the Charleston newspapers and papers in the coalfields urging families of the miners to call the firm.
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