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Suspect in Ivy League ID Theft in Court
U.S. Court News |
2008/03/03 11:27
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| A woman accused of using a missing person's identity to get into an Ivy League school made her first court appearance Monday, and the victim's relatives said they just want the theft suspect punished.pWhen Esther Elizabeth Reed was indicted last year, Brooke Henson's relatives said they hoped Reed could tell authorities where to find her./ppOf course at first, it was just giving us hope that Brooke was alive, Lisa Henson, Brooke's aunt, said Monday./ppInvestigators have since said they don't think Reed had anything to do with Henson's 1999 disappearance./ppReed is accused of stealing Henson's identity in 2003 and posing as her to obtain false identification documents, take a high school equivalency test and get into Columbia University./ppShe was indicted last year and made her first court appearance Monday on federal charges of identity theft, mail and wire fraud and obtaining false identification documents. If convicted on all four charges, Reed faces a possible $1 million fine and 47 years in prison, time Lisa Henson said she hopes Reed will serve./p |
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Justices reject appeal by Adelphia founder, son
Legal News |
2008/03/03 11:20
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| The U.S. Supreme Court rejected on Monday an appeal by Adelphia Communications Corp founder John Rigas and his son Timothy of their conspiracy and fraud convictions.span id=midArticle_byline/spanspan id=midArticle_0/spanpThe justices declined to review a ruling by a U.S. appeals court in New York which upheld the pair's convictions on 22 of 23 counts of conspiracy and securities and bank fraud./pspan id=midArticle_1/spanpA jury found the father and son guilty in 2004 of the charges that accused them of concealing loans and stealing millions from the cable operator./pspan id=midArticle_2/spanpJohn Rigas, formerly Adelphia's president and chief executive officer, was sentenced in 2005 to 15 years in prison, while Timothy Rigas, the former finance chief, was sentenced to 20 years. They began serving their prison terms last year./pspan id=midArticle_3/spanpIn the appeal, defense attorneys argued that federal prosecutors were required to prove that John and Timothy Rigas had violated Generally Accepted Accounting Principles or call an expert accounting witness in order to convict them of securities fraud./pspan id=midArticle_4/spanpThe attorneys also argued that the reversal by the appeals court of the bank fraud convictions on count 23 for John and Timothy Rigas required the reversal of their bank fraud convictions on count 22./p |
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A Selection of Breyer's Hypotheticals
U.S. Court News |
2008/03/02 14:18
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| The nine justices in black robes file into the Supreme Court consumed with thoughts about the great legal issues of the day. Only one of them is likely to ask questions involving raccoons, an unruly son, pet oysters or even the dreaded tomato children.pWhen Justice Stephen Breyer leans toward his microphone at the end of the bench, lawyers can expect to be asked almost anything. The 69-year-old Breyer is the court's most frequent practitioner of the hypothetical question, a conjurer of images that are unusual and occasionally bizarre./ppThe last time I was up there arguing, it was easier for him to wrap his mind around bicycle pedals, said Carter Phillips. The experienced Supreme Court lawyer recalled an exchange with Breyer during arguments over patents for computer chips./ppHe kept shifting the focus over to bicycle pedals and I was trying to live with him in that world, Phillips said. I was taking the bicycle pedals and putting them on my Stair Master./ppThe hypothetical is a mainstay of Supreme Court arguments. At their best, such questions help justices address what is bothering them after they have pored over hundreds of pages of dense, often dry legal briefs./ppThe point is to try to focus on a matter that is worrying me, Breyer said in an interview with The Associated Press. Sometimes it's easier to do that with an example./ppFrom the lawyer's perspective, the well-constructed example helps focus the mind, said Roy Englert, a Supreme Court lawyer who studied antitrust law under Breyer at Harvard Law School./ppOne recent case involved punishment for repeat criminals under a difficult-to-decipher provision of federal law. The image Breyer called to mind was one to which any parent or sibling could relate./ppSuppose with your own children: 'I told you half an hour ago not to interrupt your sister when she is doing her homework. This is the second time you've done it.' Wouldn't you, with your own child — I would with mine — think that the second time he did it was worse behavior than the first time? Breyer said. I just told him not to./ppThe point was succinct and sweet. It's a familiar example, your honor, conceded Charles Rothfeld, the lawyer for the recidivist whose case was before the court./ppThe justices generally have distinct styles in the way they ask questions./ppAntonin Scalia makes liberal use of sarcasm. John Paul Stevens begins with an unassuming, May I ask ...? Then, Phillips said, it's a dagger through the heart. Ruth Bader Ginsburg digs deep into the case record and is a stickler for following the rules./ppBreyer, said Supreme Court specialist Thomas Goldstein, sometimes comes up with a situation that is so extreme that it makes you think just about the legal principle because the facts are impossible./ppOr, as Breyer said, An odd example can call particular attention to the point./ppGoldstein was on the receiving end of such a question in a dispute last year over the patent for a gas pedal./ppNow to me, I grant you I'm not an expert, but it looks at about the same level as I have a sensor on my garage door at the lower hinge for when the car is coming in and out, and the raccoons are eating it, Breyer said. So I think of the brainstorm of putting it on the upper hinge, OK? Now I just think that how could I get a patent for that?/ppEnglert said Breyer is still the law professor he knew 30 years ago. He had to learn how to keep a bunch of 22-to-25-year-olds entertained and interested, Englert said./p |
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Peloton hedge fund to liquidate and close shop
Legal News |
2008/03/02 12:38
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| Peloton Partners LLP, a London-based hedge fund that formerly held nearly $3 billion in assets, is liquidating its two funds and shutting down, the firm told investors on Wednesday, according to two people familiar with the situation.span id=midArticle_byline/spanspan id=midArticle_0/spanpPeloton last week told investors that it was liquidating its $2 billion ABS Fund after lender banks pulled back on credit. It held out hopes that it could salvage its second fund, the $1.6 billion Multi-Strategy Fund, even though some 40 percent of that fund's assets were invested in the ABS Fund./pspan id=midArticle_1/spanpToday, however, the fund told investors that the Multi-Strategy Fund is being liquidated in coming days, with the proceeds returned to investors, the source said./pspan id=midArticle_2/spanpIt is unclear at this point what proceeds, if any, investors will get from the liquidation of the two funds, the company told investors./p |
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