Nate's Feed
Aug 1, 2015

Argentine exec in FIFA case pleads not guilty to U.S. charges

NEW YORK (Reuters) – The former chairman of an Argentina-based sports marketing business, one of 14 people indicted in a corruption case that has roiled the soccer world’s governing body FIFA, pleaded not guilty in a U.S. court on Friday.

Alejandro Burzaco, an Argentine businessman who was the former general manager and chairman of Torneos y Competencias SA, appeared in federal court in Brooklyn, New York, after being extradited to the United States from Italy.

Jul 31, 2015

Argentine executive to appear in U.S. court in FIFA case

NEW YORK (Reuters) – The former chairman of an
Argentina-based sports marketing business who was among 14
people indicted in a federal corruption case involving the
soccer world’s governing body, FIFA, is expected to appear in
U.S. court on Friday.

Alejandro Burzaco, an Argentine businessman who was the
former general manager and chairman of Torneos y Competencias
SA, is scheduled to be arraigned in federal court in Brooklyn,
New York, the U.S. Justice Department said.

Jul 30, 2015

American Express sued for misleading investors about Costco

NEW YORK (Reuters) – American Express Co was accused
in a lawsuit on Thursday of blindsiding investors with the loss
of a crucial contract with Costco Wholesale Corp after
having failed to reveal how significant that business had
become.

In a lawsuit filed in Manhattan federal court, shareholder
Plumbers and Steamfitters Local 137 Pension Fund sought class
action status on behalf shareholders who suffered losses after
the credit card company in February announced the end of its
co-branding agreement with the warehouse club retailer.

Jul 30, 2015

Two charged in 2011 cyber breach at Michaels retailer

July 30 (Reuters) – Two southern Californians were
criminally charged over their alleged roles in a conspiracy to
steal 94,000 credit and debit card numbers from Michaels
Companies Inc customers, in a prominent 2011 cyberattack
affecting the largest U.S. arts and crafts retailer.

The charges against Angel Angulo, 25, of Riverside, and
Crystal Banuelos, 28, of Bloomington, were announced on Thursday
by U.S. Attorney Paul Fishman in New Jersey, where Michaels also
has stores.

Jul 30, 2015

U.S. asks Supreme Court to reverse major insider trading ruling

WASHINGTON/NEW YORK (Reuters) – The U.S. Justice Department asked the Supreme Court on Thursday to reverse a federal appellate court’s insider trading ruling, calling it a “roadmap” for potential criminals that undermined efforts to ensure the “integrity of the security markets.”

Solicitor General Donald Verrilli filed a petition seeking review of a December ruling by the 2nd U.S. Circuit Court of Appeals in New York that reversed the insider trading convictions of hedge fund managers Todd Newman and Anthony Chiasson.

Jul 29, 2015

Ex-Silicon Valley law firm worker gets 2 years prison for insider trading

NEW YORK (Reuters) – A former employee of a major Silicon
Valley law firm was sentenced to two years in prison on
Wednesday for illegally trading ahead of mergers that were
underway at the firm.

Lawyers for Dimitry Braverman, 42, had sought a sentence of
home confinement in light of his November guilty plea to
securities fraud. But U.S. District Judge Paul Engelmayer in
Manhattan said his insider trading was too prolonged to deserve
a light sentence.

Jul 28, 2015

U.S. say may weigh-in on PLO terror support lawsuit

NEW YORK (Reuters) – The U.S. government may weigh in on whether the Palestine Liberation Organization and Palestinian Authority must post a multimillion-dollar bond, which they have resisted doing, while the groups appeal a jury’s finding that they supported terrorist attacks in Israel.

The U.S. Department of Justice disclosed its potential interest in the case in a letter filed Monday in Manhattan federal court, six months after 10 American families won a $655 million verdict against the PLO and Palestinian Authority.

Jul 27, 2015

Racecar driver, U.S. agency in settlement talks over payday lending

NEW YORK, July 27 (Reuters) – A professional racecar driver
is in talks to settle a U.S. regulator’s lawsuit accusing him of
participating in a deceptive payday lending scheme, as federal
prosecutors decide whether to bring criminal charges, according
to court filings.

Lawyers for Scott Tucker, who competes on U.S. and European
circuits, said in a filing on Friday in Las Vegas federal court
that they were in discussions to resolve claims by the Federal
Trade Commission involving online lending companies the agency
says he controls.

Jul 24, 2015

N.Y. state senator found guilty of obstructing U.S. embezzlement probe

NEW YORK (Reuters) – A New York state senator was convicted on Friday for seeking to obstruct a federal investigation into whether he had embezzled proceeds from sales of foreclosed properties, in one of a series of recent U.S. prosecutions of state lawmakers.

John Sampson, 50, a Democrat who has represented southeastern Brooklyn, New York, since 1997, was found guilty by a federal jury in Brooklyn on three counts, including obstruction, but acquitted on six others.

Jul 24, 2015

U.S. court revives investor lawsuit vs Keurig Green Mountain

NEW YORK (Reuters) – A federal appeals court on Friday
revived a shareholder lawsuit accusing Keurig Green Mountain Inc
of misleading shareholders about its business
prospects.

The 2nd U.S. Circuit Court of Appeals in New York said a
lower court judge erred in dismissing the lawsuit, which accused
the company, once known as Green Mountain Coffee Roasters, of
inflating its share price in 2011 by overstating its growth
prospects and concealing high inventory levels.