Last week, on the evening of Sept. 11, a lawyer named Mark Werbner stood outside his hotel in Brooklyn and looked across the East River at the blue lights commemorating the collapse of the World Trade Center in 2001. Werbner, who is from Dallas, was in New York because he represents American victims of Hamas bombings and shootings during the second Palestinian Intifada. Since early August, he and his co-counsel have been trying the victims' claims against Jordan's Arab Bank, which they accuse of financing the Hamas terror operations. As he looked at the blue lights, Werbner told jurors Thursday during closing arguments in the Arab Bank trial, he stepped back and asked himself whether the 10 years of work he'd put into the case had accomplished anything.
from Photographers' Blog:
By Carlos Barria
As the morning approached, reporters, photographers and cameramen from national and foreign media organizations gathered outside the Jinan Intermediate People's Court to cover the final chapter in the trial of disgraced Chinese politician Bo Xilai.
from Unstructured Finance:
Hedge fund manager John Paulson has shunned the limelight in recent years but in recent weeks it's a different story, with the 57-year-old manager not only giving his first ever TV interview, he's also set to take the stand in one of the most closely-watched trials in the country - the civil case against former Goldman Sachs trader Fabrice Tourre.
from Photographers' Blog:
By Alessandro Garofalo
“Do you know how Ahamad Massoud died?”
It’s not a quiz but a question addressed to us a few days ago by an employee from the secretary of the Public Prosecutor’s office when we asked why photographers were not allowed to bring photographic equipment into the court during the trials involving the former dancer Maroc, Karima El Mahroug, better knew as Ruby Heartstealer, in the sexgate scandal with former Italian Premier Silvio Berlusconi, accused of inciting the prostitution of a minor and abuse of power.
from Alison Frankel:
Without former U.S. District Judge Richard Holwell, there probably would not have been any prosecution of Rajat Gupta, the former Goldman Sachs director and McKinsey chief convicted Friday of insider trading and conspiracy. In 2010, Holwell ruled that prosecutors could use wiretap evidence in their case against Galleon Group hedge fund founder Raj Rajaratnam, rejecting defense arguments that the government is not authorized to use wiretaps to investigate insider trading. If prosecutors hadn't been able to use those Rajaratnam wiretaps – in which Rajaratnam obliquely referred to tips from a Goldman insider – it's unlikely the government would have gone to trial against Gupta, since the tapes were the only link between Gupta's alleged tips and Rajaratnam's trades.
from Funds Hub:
News and views on the asset management industry from Reuters and elsewhere:
(Photo: Geert Wilders (C) at his trial in Amsterdam, 4 Oct 2010/Marcel Antonisse)
Dutch anti-Islam politician Geert Wilders, a key player in efforts to form a new government, has accused judges trying him on charges of inciting hatred of scandalous bias and demanded they be replaced.
from Global News Journal:
The trial of four Rio Tinto employees began early on a chilly, gray Monday morning in Shanghai, when four police vans in a convoy led by a cruiser with flashing lights swept the defendants to the courthouse well before 7 am.