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FBI: Long Island investment firm boss surrenders
Legal Line News |
2009/01/26 15:15
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| The owner of a Long Island investment firm accused of cheating people out of more than $100 million is expected to appear in court Tuesday.pFBI spokesman Jim Margolin says Nicholas Cosmo surrendered at a U.S. Postal Inspection Service office in Hicksville on Monday night./ppCosmo runs Agape World Inc. in Hauppauge (HAW'-pawg). He's accused of taking in $300 million from investors and cheating them out of about $140 million./ppA letter hanging in Cosmo's office window denies there was any Ponzi scheme, the type of fraud Bernard Madoff (MAY'-dawf) is accused of committing. A Ponzi, or pyramid, scheme promises unusually high returns and pays early investors with money from later investors./ppDefense attorneys at the Herrick Feinstein law firm haven't returned telephone calls seeking comment. /p |
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Shuman Law Firm Investigates Advanced Med Optics
Legal News Feed |
2009/01/13 09:09
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The Shuman Law Firm today announced that it is investigating potential breaches of fiduciary duty in connection with the proposed acquisition of Advanced Medical Optics, Inc. (Advanced Medical Optics or the Company) (NYSE:EYE).
On January 12, 2009, Advanced Medical Optics announced their intent to sell the Company to Abbott Labs, Inc. (NYSE:ABT). Under the terms of the merger agreement, Advanced Medical Optics shareholders would receive $22 per share in cash for a total sale price of approximately $1.4 billion. Advanced Medical Optics is a leader in LASIK vision correction surgery and surgical contact lenses. One analyst noted that the Company was a depressed, distressed asset, not so much because of the product portfolio, but because of under-management and a cyclical, tough environment for Lasik. Advanced Medical Optics stock had traded at more than $22 per share within the past four months.
If you currently own Advanced Medical Optics common stock and would like a free consultation concerning your rights and interests, please contact Kip Shuman, Esq. or Rusty Glenn, Esq. toll-free at 866-974-8626 or email Mr. Shuman at kip@shumanlawfirm.com or Mr. Glenn at rusty@shumanlawfirm.com.
The Shuman Law Firm represents investors throughout the nation, concentrating its practice in securities class actions and shareholder derivative litigation. |
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Four Potter Anderson Attorneys Recognized in The International Who's Who of Corporate Governance Lawyers 2009
Uncategorized |
2009/01/08 14:24
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Attorneys of the law firm of Potter Anderson amp; Corroon LLP have been selected as among the top corporate governance lawyers in the country by Law Business Research Limited.nbsp; Partners Michael D. Goldman, Michael A. Pittenger and Donald J. Wolfe Jr. and of counsel Robert K.nbsp; Payson, were selected for the Who’s Who Legal publication, The International Who’s Who of Corporate Governance Lawyers.nbsp; The attorneys are members of the firm’s Corporate Group.
The publication identifies private practice lawyers with a proven track record in providing corporate governance advise to boards of directors and substantial privately held entities in connection with corporate disclosure governance and policy issues, as well as dealing with new laws, regulations, stock exchange rules and governance principles.
Research is conducted by Law Business Research Limited, a publisher of research, analysis and reporting on international business law and policy and the business of international law. In 2004, Law Business Research Limited became the official research partner of the International Bar Association, in 2006 it won the Queen's Award for Enterprise and in 2008 it became the strategic research partner of the American Bar Association's Section of International Law. |
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John Q. Kelly on Natalee Holloway Case - Fox News
Law Firm News |
2009/01/05 14:18
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a href=http://www.kellygrouppc.comNatalie Holloway /aAttorney John Q. Kelly
GRETA VAN SUSTEREN, FOX NEWS HOST: And, finally, the Aruban prosecutor Hans Mos, responds. John Q. Kelly, the Holloway family attorney, has been trying to get Aruban prosecutor Hans Mos on the phone. Mos did leave him a rather nasty voicemail the other day. But now Hans Mos has responded to a letter from Kelly.
So what did Mos say in this response? a href=http://www.kellygrouppc.comJohn Q. Kelly/a joins us. John, what did he say?
a href=http://www.kellygrouppc.comJOHN Q. KELLY, HOLLOWAY FAMILY ATTORNEY/a: It's basically two-fold. One is that Joran [van der Sloot] has given different versions of the same event, so they can't be bothered with it.
And, two, they have no interest in any evidence or information that might assist him at this point.
VAN SUSTEREN: That is cute. The key is if you want to commit a crime, go to Aruba and tell three stories, because they will not investigate you and they won't look to corroborate. That's lesson number one. That's good advice.
You ask to have him arrested. What happens about that?
KELLY: He said we have no basis for it. This is the first time we have had any information that has been corroborated. He says he father was engaged in a cover-up, and it turns out that the chief of police and Paulus [van der Sloot], it has been confirmed that they hindered the prosecution. We have taped conversations that confirmed the boys talking about hoping that Natalee, or fearing that she may be alive. There are cell phone pings as to locations of Joran down by the fisherman's hut. There are all kinds of things independently that confirm what Joran is saying now, and they just won't listen.
VAN SUSTEREN: I know that he doesn't like us here at On the Record. And I will make this promise tonight-we will stop being the monkey on his back if he does any investigation at all.
But I can tell you one thing. We have learned new information that a member of the Dutch parliament, Hero Brinkman, he is about to raise holy hell on Hans Mos. He is going down to Aruba in early January.
And if Hans Mos does not like us, wait until he gets a hold of this member of parliament, because he says that Aruba is corrupt as hell I think were his words, not mine.
KELLY: Greta, can I take you to the woodshed on one thing? I think people have to understand that even thought it was five months before your aired your interview with Joran that Hans Mos was made aware of it and the substance of it in great detail almost immediately, and he had no interest in following.
span style=font-weight: boldRead the entire interview at Fox News/span - a href=http://www.foxnews.com/story/0,2933,465291,00.htmlClick Here/a |
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