David's Feed
Apr 23, 2015

Boies, Dershowitz duel in defamation case concerning sex trafficking claims

NEW YORK (Reuters) – Prominent U.S. litigator David Boies is squaring off against another top American attorney, Alan Dershowitz, in a legal fight centered around a woman who says she was trafficked for sex as an underage girl.

Boies and his firm are representing Virginia Roberts, who is a possible witness in a defamation lawsuit in Florida state court pitting Dershowitz against two lawyers who are working for her in a separate federal case.

Apr 22, 2015

‘Flash crash’ whistleblower may see multi-million dollar pay day

WASHINGTON/NEW YORK (Reuters) – An anonymous tipster who claims to have led the U.S. government to bring charges against alleged “flash crash” trader Navinder Singh Sarao could potentially reap millions of dollars under a federal whistleblower award program.

The U.S. Commodity Futures Trading Commission’s (CFTC) whistleblower program, created after the 2010 Dodd-Frank Wall Street regulatory reform, awards tipsters between 10 percent and 30 percent of the total sanctions collected if the government collects $1 million or more.

Apr 21, 2015

Analysis – ‘Flash crash’ market manipulation case poses test for prosecutors

NEW YORK (Reuters) – Charges against a high-frequency trader for helping to spark the 2010 “flash crash” present a test of U.S. prosecutors’ ability to win a big market manipulation case and may make other traders nervous they may be next, lawyers said on Tuesday.

The charges against Navinder Singh Sarao, 36, drew reactions of astonishment from securities lawyers interviewed by Reuters because criminal charges for market manipulation are so rare.

Apr 21, 2015

‘Flash crash’ market manipulation case poses test for prosecutors

NEW YORK (Reuters) – Charges against a high-frequency trader for helping to spark the 2010 “flash crash” present a test of U.S. prosecutors’ ability to win a big market manipulation case and may make other traders nervous they may be next, lawyers said on Tuesday.

The charges against Navinder Singh Sarao, 36, drew reactions of astonishment from securities lawyers interviewed by Reuters because criminal charges for market manipulation are so rare.

Apr 16, 2015

Ex-JPMorgan banker charged with taking $20 million from clients

NEW YORK (Reuters) – A former investment adviser at JPMorgan Chase & Co was arrested Thursday and charged with taking at least $20 million out of client accounts and using it to unsuccessfully trade options and pay personal expenses, authorities said.

Michael Oppenheim, 48, was arrested at his New Jersey home, authorities said. He worked at the bank nearly continuously from 2002 until last month, according to a criminal complaint for fraud and embezzlement filed in Manhattan federal court.

Apr 16, 2015

Internet provider wants ‘net neutrality’ challenge heard in New Orleans

By David Ingram

(Reuters) – A Texas-based Internet provider is requesting
that a federal appeals court in New Orleans, not one in
Washington, be the court that hears a challenge to new Web
traffic regulations known as “net neutrality” rules.

Alamo Broadband Inc filed a lawsuit on Wednesday in the 5th
U.S. Circuit Court of Appeals in New Orleans asking it to review
the regulations from the Federal Communications Commission.

Apr 8, 2015

Rights group sues U.S. DEA over bulk collection of phone records

By David Ingram

(Reuters) – Opening another front in the legal challenges to
U.S. government surveillance, a human rights group has sued the
Drug Enforcement Administration for collecting bulk records of
Americans’ telephone calls to some foreign countries.

Lawyers for Human Rights Watch filed the lawsuit on Tuesday
in U.S. District Court in Los Angeles. The lawsuit asks a judge
to declare unlawful the DEA program, which ended in September
2013 after about 15 years, and to bar the DEA from collecting
call records in bulk again.

Apr 7, 2015

U.S. judge denies request by Prince Andrew accuser to join lawsuit

By David Ingram

(Reuters) – A woman who said in court papers she was forced as an underage girl to have sex with Britain’s Prince Andrew, prominent U.S. lawyer Alan Dershowitz and other men cannot join an ongoing lawsuit in Florida, a federal judge ruled on Tuesday.

The lawsuit, filed in 2008, seeks to undo a non-prosecution agreement between federal prosecutors and convicted sex offender Jeffrey Epstein, who the woman said arranged the sex with Prince Andrew and Dershowitz.

Apr 7, 2015

Virginia fraternity in retracted rape story to sue Rolling Stone

NEW YORK (Reuters) – The University of Virginia fraternity at the centre of Rolling Stone’s retracted article “A Rape on Campus” said on Monday it planned to sue the magazine for what it called “reckless” reporting that hurt its reputation.

Phi Kappa Psi’s announcement came a day after a team from the Columbia University Graduate School of Journalism concluded in a report that the magazine had failed to follow basic journalistic safeguards.

Apr 6, 2015

Virginia university fraternity says to sue Rolling Stone for defamation

NEW YORK (Reuters) – The University of Virginia fraternity chapter at the centre of Rolling Stone’s retracted article “A Rape on Campus” said on Monday that it planned to sue the magazine for what it called “reckless” reporting that hurt its reputation.

The chapter of Phi Kappa Psi said in a statement that it would pursue all available legal action. The announcement came a day after a team from the Columbia University Graduate School of Journalism concluded the magazine failed to follow basic journalistic safeguards in publishing the story, which accused the fraternity of hosting a gang rape.