|
|
|
Dutch Supreme Court: Fortis was mismanaged
Legal Network |
2013/12/09 21:21
|
The Netherlands' Supreme Court has upheld rulings that the now-defunct Belgian bank Fortis NV was mismanaged from September 2007 to September 2008, and its then-management board can be held accountable.
Friday's ruling opens the door for investor claims against former CEO Jean-Paul Votron, among others, though not former supervisory Chairman Count Maurice Lippens, whom lower courts found was too far removed from decision making to be held liable.
Fortis, Royal Bank of Scotland and Spain's Santander bought Dutch bank ABN Amro in a hostile takeover in 2007, nominally the largest in banking history.
Fortis agreed to buy ABN's Dutch operations for 24 billion euros in its part of the deal but was unable to finance the buy — which represented around half of its own total size — and eventually spiraled toward bankruptcy. The Dutch state ultimately nationalized all Fortis-ABN operations in the Netherlands in 2008 to avoid a meltdown of the country's financial system. The rescue has cost taxpayers at least 32 billion euros. |
|
|
|
|
|
|
Haiti protest derides Dominican court ruling
Press Release |
2013/12/09 21:21
|
Hundreds of protesters gathered Friday to criticize a recent court decision in the Dominican Republic that could strip the citizenship of generations of people of Haitian descent living in the neighboring country.
The crowd peaked at about 2,000 people but thinned out during the march uphill to the Dominican Embassy to protest the decision passed two months ago by that country's court. The demonstrators urged people to boycott travel to the Dominican Republic.
Riot police set up metal barricades on a major thoroughfare that block protesters from reaching the district where the diplomatic mission is located.
The ruling has been met with sharp objection, from Caribbean leaders to the United Nations. On Friday, the Inter-American Commission on Human Rights became the latest international entity to oppose the court decision, calling on the Dominican government to take urgent measures to guarantee the rights of those people affected.
Advocacy groups estimate 200,000 people, many of them of Haitian descent, could lose their Dominican citizenship because of the court ruling. Dominican officials say only about 24,000 would be affected.
|
|
|
|
|
|
|
Court hears discrimination case over wedding cake
Court Watch |
2013/12/05 21:24
|
A Colorado baker who refused to make a wedding cake for a same-sex ceremony should not be forced to violate his religious beliefs, his attorney told a judge deciding whether the cake-maker should be made to accommodate gay couples. But an attorney representing a gay couple countered Wednesday that the baker's faith doesn't give him a right to discriminate.
At issue in the complaint from David Mullins and Charlie Craig against Masterpiece Cakeshop in suburban Denver is whether religious freedom can protect a business from discrimination allegations from gay couples.
Mullins and Craig wanted to buy a cake last year, but when one of the shop owners, Jack Phillips, found out the cake was to celebrate a gay wedding, he turned the couple of away and cited his religious faith.
"(His) faith, whatever it may have to say about marriage for same-sex couples or the expressive power of a wedding cake, does not give the respondents a license to discriminate," Amanda Goad, an attorney with the American Civil Liberties Union, told an administrative judge in Colorado's Civil Rights Commission.
Phillips' attorney, Nicolle Martin, said her client shouldn't be forced to ignore his Christian faith while running the business he's had for nearly 40 years. She said Phillips feels "privileged to design and create the cakes that celebrate the joyous events of people's lives." |
|
|
|
|
|
|
LA airport shooting suspect appears in court
Press Release |
2013/12/05 21:24
|
The man charged with killing a Transportation Security Administration officer and wounding two other agents and a civilian during a shooting rampage at Los Angeles International Airport made his first court appearance Wednesday, still showing signs of the gunshot wounds suffered when he was arrested.
Paul Ciancia hadn't been seen in public since the Nov. 1 attack that created chaos at one of the nation's busiest airports and affected air travel around the country.
The 23-year-old spoke in whispers and showed no emotion during the 10-minute hearing in the West Valley Detention Center in Rancho Cucamonga, about 45 miles east of Los Angeles. He's being housed at the facility in federal custody.
U.S. Magistrate Judge David Bristow asked the diminutive, slender Ciancia if he understood the charges against him.
"Yes," responded Ciancia, who was shackled at his hands and feet and had a bandage on his neck and bruises on the left side of his face.
His lawyers didn't comment on his injuries.
Airport police responding to the rampage shot Ciancia four times, including once in the mouth. He was hospitalized for more than two weeks before being placed in federal custody. |
|
|
|
|
|
| Lawyer & Law Firm Websites |
|
|
Legal News RSS Feed
