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France's Publicis faces $100 million gender bias lawsuit
Topics | 2011/02/24 09:27
pA former public relations employee has sued Publicis Groupe SA for $100 million, saying the French advertising company discriminates against women in pay and promotions./ppWomen make up 70 percent of the company's public relations staff but hold only about 15 percent of leadership positions, the lawsuit says./ppA Publicis woman's place is in the back of the line, far removed from senior management positions, almost all of which are reserved for the men, the complaint contends./ppThe case was filed in U.S. District Court in Manhattan and seeks class-action status. It was filed by Monique da Silva Moore, who was global healthcare director in the Boston office of the company's public relations division MSLGroup./ppWe generally do not comment on pending litigation, but we can say that the fact that the Equal Employment Opportunity Commission dismissed Ms da Silva's charge reflects the lack of merit to her claims, a spokeswoman for MSLGroup said.
/p


Ohio runaway convert gains legal US residency
Topics | 2010/09/07 04:20
pA lawyer for a runaway Christian convert from Ohio who was also an illegal immigrant says the 18-year-old woman has gained permanent residency in the United States./ppKort Gatterdam, a lawyer for Rifqa Bary, said Tuesday the news means Bary can now start applying for a driver's license, Medicaid coverage and college scholarships./ppGatterdam says Bary, a native of Sri Lanka, received her permanent residency card last week and can apply for citizenship in five years. /ppBary had sought the green card as she argued in court she could not reunite with her Muslim parents, whom she alleged threatened her with harm for converting./ppBary also sought legal residency to achieve health coverage as she battles uterine cancer. /p


Quote stuffing a focus in flash crash probe
Topics | 2010/09/02 10:52
pU.S. regulators probing the May flash crash are focusing on a trading practice known as quote stuffing, in which large numbers of rapid-fire orders to buy or sell stocks are placed and canceled almost immediately./ppCFTC commissioner Scott O'Malia told Reuters on Thursday that the futures regulator was reviewing data from Nanex LLC, a trade database developer that issued a study suggesting that computer algorithms used quote stuffing to gain an edge during the May 6 crash./ppThe U.S. Securities and Exchange Commission, which is investigating the crash jointly with the Commodity Futures Trading Commission, is looking at quote stuffing and something called sub-penny pricing, a person familiar with the flash crash probe said./ppThe Nanex study uses market graphics and playful names to illustrate quote stuffing, arguing that high-frequency trading firms do this to flood the marketplace with bogus orders to distract rival trading firms./ppInvestors could make trades under the false impression that those orders were legitimate, only to see liquidity disappear and the market move against them when the orders are canceled -- all in the blink of an eye.
/p


DOJ's elite Public Integrity unit gets new leader
Topics | 2010/08/30 08:23
pThe Justice Department's Public Integrity Section has a storied 34-year history of pursuing corruption in government and safeguarding the public trust./ppThat trust was breached, however, when some of the unit's prosecutors failed to turn over evidence favorable to the defense in their high-profile criminal trial of Sen. Ted Stevens, R-Alaska, who died earlier this month in a plane crash./ppNow Jack Smith, a 41-year-old prosecutor with a love for courtroom work and an impressive record, has been brought in to restore the elite unit's credibility./ppBefore Stevens, Public Integrity's renown was built on large successes — like the prosecution of the Jack Abramoff lobbying scandal and convictions of federal and state judges, members of Congress and state legislators, military officers, federal lawmen and bureaucrats and their state counterparts over the years./ppBut its stumble — not disclosing exculpatory evidence as Supreme Court precedent requires — was equally large. It was so serious that Attorney General Eric Holder, one of Public Integrity's distinguished alums, stepped in and asked a federal judge to throw out Stevens' convictions./ppAt the time of the Stevens debacle, Smith was overseeing all investigations for the international war crimes office at The Hague in the Netherlands. He'd read about the Stevens case. Offered the chance to take over Public Integrity, he couldn't stay away.
/p


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