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Court won't hear appeal from Adelphia founders
Legal Business |
2010/10/04 09:20
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pThe Supreme Court won't hear an appeal from a father and son who built Adelphia Communications into a cable television powerhouse and were convicted of fraud after it collapsed into bankruptcy./ppThe high court refused on Monday to hear an appeal from John and Timothy Rigas./ppThe Rigases were sent to prison after Adelphia collapsed in 2002. At the time, it was the country's fifth-largest cable TV company./ppProsecutors said John Rigas used it like a personal piggy bank, paying for expenses as small as massages and withdrawing $100,000 from the company whenever he wished./ppThe Rigases say the government should have turned over to them notes taken during prosecutorial interviews with some witnesses. They also say their prison sentences were too long.
/p |
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Armstrong Teasdale LLP New Associate Announcement
Network News |
2010/10/04 09:19
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| pArmstrong Teasdale LLP announces the addition of attorney Angie Fletcher as an associate in the St. Louis office. Fletcher is a member of the Corporate Services practice group and focuses primarily on securities, corporate governance, and commercial and general business law. /ppSupporting growing and mature businesses, Fletcher guides clients in securities law compliance, Exchange Act reporting, mergers and acquisitions, internal restructuring and general commercial contracting. She also develops social responsibility programs for businesses and their employees to be better involved in the community./pp“Angie shares the firm’s vision of delivering value and innovative service,” says David Braswell, leader of the firm’s Corporate Services practice group. “Her past corporate experience and client relationships will be invaluable as we continue to grow and diversify the practice.”/ppPreviously serving as corporate counsel for a Fortune 500 company in the energy sector and for a leading producer of plastic sheet, compounds and packaging products, Fletcher has the experience and ability to provide practical, cost-effective and business-oriented approaches to her clients when solving routine and complex issues. /ppFletcher earned her J.D. with a concentration in Business Transactional Law from Saint Louis University School of Law in 2008. She received her B.A. in history and political science, cum laude, in 2003. Fletcher is licensed in Missouri and a member of The Missouri Bar, The Bar Association of Metropolitan St. Louis and the Society of Corporate Secretaries and Governance Professionals./p |
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Reed Smith considering merger with Texas firm
Industry News |
2010/10/04 09:19
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pPittsburgh-based Reed Smith, which has 150 lawyers in Philadelphia, is in early merger discussions with Dallas-based law firm Thompson amp; Knight, both firms confirmed Friday to the Pittsburgh Business Times./ppWe are in preliminary merger discussions with Texas-based Thompson amp; Knight, said Reed Smith Managing Partner Greg Jordan in an e-mail. “The discussions are preliminary and no final agreement or partner vote has been reached or taken.”/ppReed Smith has more than 1,500 lawyers, while Thompson amp; Knight has about 350 lawyers with a focus on the energy industry, including oil and gas, Jordan said./ppBecky Jackson, chief client services officer at Thompson amp; Knight, offered the following statement in an e-mail:/pp“In today’s legal environment, Thompson amp; Knight’s historical presence in Texas and our outstanding energy expertise are sought after by firms. For several years, we have regularly received inquiries regarding possible mergers. We have had preliminary conversations with Reed Smith, and they are obviously a great firm, but it is premature to characterize these discussions in any detail.”/ppUnder Jordan’s decade-long tenure, Reed Smith has grown from a Pittsburgh-centric 500-lawyer firm to an international firm three times the size through a series of major mergers and acquisitions. In 2001, the firm acquired 60-lawyer Warner Cranston of London. In January 2003, it acquired California’s 220-lawyer Crosby Heafey Roach amp; May. In 2007, the firm merged London’s 250-lawyer Richards Butler and 140-lawyer Sachnoff amp; Weaver of Chicago. And in January 2008, Reed Smith acquired 110-lawyer Richards Butler Hong Kong and 55 lawyers from New York’s Anderson Kill amp; Olick.
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Menzer Hill, P.A. Announces Investigation
Press Release |
2010/09/09 09:39
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strongThe Securities Arbitration Firm of Menzer amp; Hill, P.A. Announces Investigation Into The Sales Practices Of Broker-Dealers That Solicited Purchases of Inverse and Leveraged Exchange-Traded Funds (ETFs)
/strongThe Securities Arbitration Firm of Menzer amp; Hill, P.A. (a href=http://www.suemyadvisor.com/font face=Verdanawww.suemyadvisor.com/font/a) announced today that it is investigating the sales practices of brokerage firms that solicited investors to buy leveraged and inversed Exchanged-Traded Funds (“ETFs”). Many brokerage firms, through their financial advisors, are soliciting purchases in these securities as investments, with holding periods longer than one day, while others are recommending option strategies on the underlying ETFs. The Financial Industry Regulatory Authority (“FINRA”), stated in a Regulatory Notice, sent to brokerage firms June 2009, that leveraged and inverse ETFs are “highly complex financial instruments” and “are typically not suitable for retail investors who plan to hold them for more than one trading [day], particularly in volatile markets.” Brokerage firms that failed to adhere to suitability requirements could be held liable to investors that sustained losses in solicited purchases of leveraged and inverse ETFs as a result. pInvestors that have purchased leveraged or inverse ETFs through a brokerage account or managed account offered by Merrill Lynch, a subsidiary of Bank of America (NYSE:BAC), Morgan Stanley Smith Barney (NYSE:MS), Wells Fargo Advisors (NYSE:WFC), Ameriprise Financial (NYSE:AMP), UBS (NYSE:UBS), LPL Financial, Raymond James (NYSE:RJF), Edward Jones, or other brokerage firms and have sustained losses should contact the attorneys at the Securities Arbitration Firm of Menzer amp; Hill, P.A. to determine if they have a claim for a recovery of losses. /ppLeveraged and inverse ETFs can be volatile and investors may have realized or unrealized losses in the following ETFs year to date, including but not limited to: /ptable id=t6420933_1 class=bwtablebottommargin cellspacing=0tbodytrtd id=t6420933_1_0_46200 class=bwcellpaddingleft0 bwverticalaligntop bwtextalignleftDRV down 63% (NYSEArca: DRV); /td/trtrtd id=t6420933_1_1_46200 class=bwcellpaddingleft0 bwverticalaligntop bwtextalignleftTMV down 46% (NYSEArca: TMV); /td/trtrtd id=t6420933_1_2_46200 class=bwcellpaddingleft0 bwverticalaligntop bwtextalignleftVXX down 44% (NYSEArca: VXX); /td/trtrtd id=t6420933_1_3_46200 class=bwcellpaddingleft0 bwverticalaligntop bwtextalignleftSRS down 43% (NYSEArca: SRS); /td/trtrtd id=t6420933_1_4_46200 class=bwcellpaddingleft0 bwverticalaligntop bwtextalignleftZSL down 42% (NYSEArca: ZSL); /td/trtrtd id=t6420933_1_5_46200 class=bwcellpaddingleft0 bwverticalaligntop bwtextalignleftGAZ down 38% (NYSEArca: GAZ); /td/trtrtd id=t6420933_1_6_46200 class=bwcellpaddingleft0 bwverticalaligntop bwtextalignleftTZA down 36% (NYSEArca: TZA); /td/trtrtd id=t6420933_1_7_46200 class=bwcellpaddingleft0 bwverticalaligntop bwtextalignleftUNG down 35% (NYSEArca: UNG); /td/trtrtd id=t6420933_1_8_46200 class=bwcellpaddingleft0 bwverticalaligntop bwtextalignleftTBT down 34% (NYSEArca: TBT); /td/trtrtd id=t6420933_1_9_46200 class=bwcellpaddingleft0 bwverticalaligntop bwtextalignleftFAZ down 29% (NYSEArca: FAZ); and /td/trtrtd id=t6420933_1_10_46200 class=bwcellpaddingleft0 bwverticalaligntop bwtextalignleftUCO down 28% (NYSEArca: UCO). /td/tr/tbody/tablepFor a free case evaluation or to discuss any other investment losses, please contact the Securities Arbitration Firm of Menzer amp; Hill, P.A., at 888-923-9223, or visit us on the web at a href=http://cts.businesswire.com/ct/CT?id=smartlinkamp;url=http%3A%2F%2Fwww.suemyadvisor.comamp;esheet=6420934amp;lan=en-USamp;anchor=www.suemyadvisor.comamp;index=2amp;md5=42f88a77817321b3764807a671c4f30d target=_blankfont face=Verdanawww.suemyadvisor.com/font/a. /pdiv id=releaseBottomdiv id=contactsdiv id=contactsBody class=bddiv class=cpMenzer amp; Hill, P.A.
Gary Menzer, 888-923-9223
a href=http://cts.businesswire.com/ct/CT?id=smartlinkamp;url=http%3A%2F%2Fwww.suemyadvisor.comamp;esheet=6420934amp;lan=en-USamp;anchor=www.suemyadvisor.comamp;index=3amp;md5=74419b7bab2fc6896122e36968209bd0 target=_blankfont face=Verdanawww.suemyadvisor.com/font/a /p/div/div/div/div |
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