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Balloon Boy parents enter guilty plea
Headline Court News |
2009/11/16 09:46
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| pThe Colorado parents of three children could wind up in jail after admitting in court they fabricated a story about their son in a runaway balloon to gain publicity for a possible reality TV show./ppRichard Heene appeared before a Larimer County District Court judge first, pleading guilty to a felony count of falsely influencing the sheriff who led the rescue effort during the 50-mile balloon chase that captivated a global television audience Oct. 15./ppMayumi Heene pleaded guilty to a misdemeanor charge of knowingly filing a false report with emergency services. Prosecutors said she had a lower level of culpability and cooperated with authorities, telling investigators the balloon launch was a publicity stunt two weeks in the making./ppBut even as the Heenes entered their guilty pleas, their attorneys' comments in court set off speculation of talk show appearances or other deals./ppJudge Stephen Schapanski agreed to the attorneys' request that the couple be allowed to travel to New York and California to explore employment opportunities. David Lane, Richard Heene's lawyer, declined to elaborate as he left the courtroom, and Heene waved off questions./p |
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Conn. residents: Pfizer land battle unnecessary
Legal Business |
2009/11/16 09:45
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| pAfter drug giant Pfizer Inc. announced that it was opening a new research center here, city officials aggressively moved to acquire surrounding land for an economic development project — triggering an epic fight over eminent domain that reached the U.S. Supreme Court and ended with residents being forced from their homes./ppBut the land where the homes once stood has remained undeveloped, and the community took another hit last week when Pfizer, a major economic engine in the city and its largest taxpayer, announced plans to close the $350 million research center and relocate about 1,500 jobs to nearby Groton./ppNow some angry and befuddled current and former residents, including some who lost their homes, say the drug company's announcement reaffirms their conviction that the city never needed to pick the property rights fight in the first place. If they have lost, they say, then so apparently has the city./ppWe just got so sick of hearing that we were supposed to sacrifice for the greater good, said Matthew Dery, the sales and retention manager at The Day newspaper in New London who relocated to Waterford after being forced out of a home that had been in his family for about a century. As it turns out, there was no greater good./ppPfizer's pharmaceutical research center, which opened in 2001, was a catalyst for a planned multimillion-dollar private development that was to include residential, hotel conference, research and development space and a new state park. City officials decided they needed 90 acres adjacent to the Pfizer center to complement the building./p |
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Beazer Homes CEO McCarthy may face civil charges
Headline Topics |
2009/11/16 02:43
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pFederal regulators have notified Beazer Homes USA Inc. that its top executive could face civil charges over incentive compensation./ppThe notification comes more than a year after the Atlanta-based homebuilder settled a Securities and Exchange Commission investigation into its financial statements./ppBeazer Homes said in a regulatory filing Monday that SEC staff issued a so-called Wells notice to CEO Ian McCarthy. That means the staff intends to recommend civil charges against McCarthy for possible securities violations. Recipients of the notices can respond to the allegations before the commission decides on any enforcement action./ppBeazer said McCarthy intends to respond to the notice, which is not a formal allegation nor a finding of wrongdoing./ppBeazer said the SEC staff recommended action against McCarthy to collect certain incentive compensation and other amounts allegedly due under the Sarbanes-Oxley Act of 2002. The company's filing did not disclose how much compensation is involved, or other details about the disputed pay.
/p |
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Madoff's yacht, 2 smaller boats on auction block
Topics |
2009/11/16 01:46
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| pA vintage 55-foot yacht named Bull and two smaller boats that once belonged to imprisoned financier Bernard Madoff are headed for the auction block, along with an even bigger yacht once owned by Madoff's right-hand man./ppMadoff's 1969 Rybovitch sportfisher, a wooden boat meticulously restored, is the prize offering at Tuesday's private auction. As of Monday, 29 people had put up a $100,000 deposit for the opportunity to bid and more were expected to register, according to the U.S. Marshals Service./ppPeople have heard of it. It's a piece of history, said Bob Toney, president and CEO of National Liquidators, which is handling the auction for the government./ppAlso for sale are Madoff's 38-foot Shelter Island runabout, named Sitting Bull, and a 24-foot Maverick center console named Little Bull. Then there's Madoff's black 1999 Mercedes-Benz CLK 320 convertible, which has just 12,800 miles on the odometer, and a 61-foot Viking fishing yacht formerly owned by Madoff's ex-chief financial officer, Frank DiPascali./ppTogether, the vessels and car could fetch several million dollars, but officials don't want to put a price tag on any particular item before the auction. Madoff's notoriety could also boost the final sales prices, said Jennifer Crane of the Marshals' asset forfeiture division./p |
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