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Los Angeles jeweler pleads guilty in KPMG case
Press Release |
2013/05/21 18:55
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The owner of a Los Angeles jewelry store pleaded guilty Monday for his role in an insider-trading case involving a former senior partner at accounting firm KPMG.
Bryan Shaw, 52, pleaded guilty to one count of conspiracy and was scheduled to be sentenced Sept. 16 when he faces a maximum of five years in prison.
"In this guilty plea, Mr. Shaw continued his path to fully accepting responsibility for his actions and doing the right thing," said Shaw's attorney Nathan Hochman.
Authorities said Shaw made more than $1 million in illicit profits by trading in advance of company announcements on earnings results or mergers for KPMG LLC clients, including Herbalife Lt., Skechers USA Inc. and Uggs maker Deckers Outdoor Corp.
In exchange, Shaw gave former KPMG accountant Scott London bags filled with cash, along with a $12,000 Rolex watch and jewelry for his wife, among other items, prosecutors said. The Securities and Exchange Commission, which filed civil charges in the case, estimates London received at least $50,000.
London, 50, who was fired from KPMG, also is charged with conspiracy and is scheduled to be arraigned next week. |
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Calif. to ask US high court to reject inmate order
Court Watch |
2013/05/15 07:25
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Gov. Jerry Brown's administration filed notice Monday that it will ask the U.S. Supreme Court to again weigh in on the long-running prison population case.
It wants the high court to reject a lower court order requiring California to reduce its prison population by an additional 9,000 inmates by year's end. The Democratic governor had promised to appeal.
The state filed its three-page notice of appeal about a month after federal judges threatened to cite Brown with contempt if he fails to comply with a previous order upheld by the U.S. Supreme Court in 2011.
California is required to reduce its prison population to about 110,000 inmates as the best way to improve inmate medical and mental health care but remains about 9,300 inmates over the limit. Brown has said further inmate reductions are expensive, unnecessary and dangerous to the public.
"The Court did not fully or fairly consider the evidence showing that the State's prison health care now exceeds constitutional standards," the state said in its filing. |
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Crone Hawxhurst LLP
Legal Interview |
2013/05/09 06:18
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We are trial lawyers based in Los Angeles, California. We focus on business litigation, including intellectual property, employment and consumer class action defense. Although headquartered in California, we represent clients in courts and arbitrations throughout the U.S.
Our partners graduated from top law schools. Before founding the Firm, they practiced at two of the country’s most prominent law firms—Quinn Emanuel and Simpson Thacher—where they worked alongside with and were trained by some of the country’s best lawyers.
We have developed a reputation as a “go-to” alternative to large, top tier firms (who often are our adversaries). Clients often hire us to represent them in cases that are already pending, either to replace their existing counsel or work alongside them. While we are aggressive and independent thinkers, we take pride in our ability to work well with co-counsel.
Our philosophy is to staff and run every case as if we were the client. Before embarking on a litigation strategy, we take the time to understand the client’s business and litigation goals. Our efforts are directed at obtaining efficient results, not racking up legal bills. We manage cases leanly and efficiently. Most often, two lawyers and a paralegal handle a case, even through trial.
Crone Hawxhurst LLP
10880 Wilshire Blvd., Ste. 1150
Los Angeles, California 90024
Tel: (310) 893-5150
Fax: (310) 893-5195
http://www.merchantcircle.com/business/Crone.Hawxhurst.LLP.310-893-5150
http://www.cronehawxhurstllp.freeindex.com
http://citysquares.com/b/crone-hawxhurst-llp-20167047 |
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Ky appeals court upholds murder conviction
Law Firm News |
2013/05/09 06:16
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The Kentucky Court of Appeals has upheld the conviction of a former death row inmate in a 1998 slaying in Lexington.
The appeals court on Friday found that 40-year-old Gerald Young failed to prove his allegation that prosecutors put on false testimony at his trial.
Young is serving life in prison for complicity to commit murder in June 1997. Young was originally sentenced to death for hiring a hit-man to kill Osama Shalash in Lexington as part of a drug dispute.
The Kentucky Supreme Court in 2001 overturned the death sentence, finding no aggravating circumstances to warrant capital punishment. Young is currently challenging his resentencing. Two other men were also sentenced to prison in the slaying. |
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