David's Feed
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.

Apr 6, 2015

Virginia fraternity chapter to sue ‘reckless’ Rolling Stone

NEW YORK (Reuters) – The University of Virginia fraternity
chapter at the center of Rolling Stone magazine’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, 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.

Apr 3, 2015

Justice Department sides with transgender inmate in Georgia lawsuit

By David Ingram

(Reuters) – The Obama administration on Friday weighed in on the side of a transgender Georgia prison inmate who is suing the state over prison officials’ refusal to provide treatment such as hormone therapy.

Lawyers with the U.S. Justice Department’s civil rights division said in papers filed in a federal court in Macon, Georgia, that the refusal of adequate treatment for a recognized mental illness amounted to cruel and unusual punishment in violation of the U.S. Constitution.

Apr 3, 2015

U.S. Justice Dept sides with transgender inmate in Georgia lawsuit

April 3 (Reuters) – The Obama administration on Friday
weighed in on the side of a transgender Georgia prison inmate
who is suing the state over prison officials’ refusal to provide
treatment such as hormone therapy.

Lawyers with the U.S. Justice Department’s civil rights
division said in papers filed in a federal court in Macon,
Georgia, that the refusal of adequate treatment for a recognized
mental illness amounted to cruel and unusual punishment in
violation of the U.S. Constitution.