David's Feed
Jun 3, 2015

Long arm of U.S. law may struggle to reach all FIFA defendants

NEW YORK/BUENOS AIRES (Reuters) – U.S. prosecutors may find it difficult to get a┬ánumber of the people they have charged in the FIFA bribery scandal to face the music. Several cannot be found, and the authorities in some countries may not agree to extradition requests.

Of the nine current and former FIFA officials and five corporate executives indicted for running a criminal enterprise that involved more than $150 million in bribes, the whereabouts of three Argentines and one Brazilian remain unknown. Another two former FIFA officials in the Americas – one in Paraguay and the other in Trinidad and Tobago – are expected to resist extradition to the United States.

May 29, 2015

Nike seen avoiding charges in football bribery probe – lawyers

NEW YORK (Reuters) – Nike Inc may be able to avoid U.S. charges over any involvement in bribery payments to win football sponsorships, but could face penalties if U.S. prosecutors decide to clamp down on the global sportswear giant, lawyers with expertise in the subject said.

Although Nike has not been named or charged with any wrongdoing, the company was swept into the corruption scandal that engulfed football’s governing body FIFA when a U.S. indictment released on Wednesday described apparent kickback payments linked to a landmark 1996 Nike deal in Brazil.

May 29, 2015

Nike seen avoiding charges in soccer bribery probe – lawyers

NEW YORK, May 29 (Reuters) – Nike Inc may be able to
avoid U.S. charges over any involvement in bribery payments to
win soccer sponsorships, but could face penalties if U.S.
prosecutors decide to clamp down on the global sportswear giant,
lawyers with expertise in the subject said.

Although Nike has not been named or charged with any
wrongdoing, the company was swept into the corruption scandal
that engulfed soccer’s governing body FIFA when a U.S.
indictment released on Wednesday described apparent kickback
payments linked to a landmark 1996 Nike deal in Brazil.

May 6, 2015

Boxing fans accuse Pacquiao of concealing injury

By David Ingram

(Reuters) – Boxer Manny Pacquiao has been sued in several
U.S. courts by people who said they paid to watch him fight
Floyd Mayweather Jr. in the “Fight of Century” but felt
defrauded by Pacquiao’s failure to disclose a pre-bout shoulder
injury.

At least five lawsuits were filed against Pacquiao on
Tuesday in federal courts in California, Illinois, Nevada and
Texas. The lawsuits seek compensation under laws meant to
protect consumers and ask for status as class actions on behalf
of ticket buyers, pay-per-view television viewers and people who
gambled on the fight.

May 5, 2015

Pacquiao sued in U.S. for allegedly concealing injury

By David Ingram

(Reuters) – Boxer Manny Pacquiao was sued in a U.S. court on
Tuesday by two people who said they paid to watch him fight
Floyd Mayweather Jr. in the “Fight of Century” but felt
defrauded by Pacquiao’s alleged failure to disclose a pre-bout
shoulder injury.

The lawsuit was filed by Stephane Vanel and Kami Rahbaran in
federal court in Nevada. It seeks compensation under laws meant
to protect consumers and asks for status as a class action on
behalf of ticket buyers, pay-per-view television viewers and
people who gambled on the fight.

May 2, 2015

Baltimore homicide charges could face swift initial court test

By David Ingram and Mica Rosenberg

(Reuters) – The chief Baltimore prosecutor, who came out swinging on Friday with charges against six police officers in the death of a 25-year-old man, could be quickly asked to disclose some of the potential evidence she has collected.

At a news conference Friday, Marilyn Mosby accused the officers of illegally arresting Freddie Gray, placing him in a police van without a seatbelt and with his legs shackled and his hands cuffed, and then ignoring his pleas for medical help. Mosby charged the officer who drove the van with second-degree murder and the others with lesser charges, including manslaughter.

Apr 30, 2015

American Express told it cannot enforce anti-steering rules against merchants

NEW YORK (Reuters) – Merchants unhappy with the fees
American Express Co charges them may steer customers
toward less expensive cards without fearing retaliation from the
credit card company, a federal judge ruled on Thursday.

Judge Nicholas Garaufis in Brooklyn federal court said
American Express may not stop restaurants and stores, for
instance, from offering discounts, rebates or other incentives
for using lower-fee cards. Merchants may also tell customers
about the relative costs of using particular cards, the judge
ruled.

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.