U.S. Prosecutors Ask Supreme Court to Review Newman Insider Trading Ruling

New York-based U.S. Attorney Preet Bharara may be the greatest prosecutor who ever lived. From the Bernie Madoff scandal to Toyota, to a large portion of the New York state legislature; he has left a historic level of convictions and penalty awards. This includes a remarkable streak of 85 consecutive insider trading convictions before losing

Tom Brady Files Federal Lawsuit, NFL Pre-empts Venue Choice

7/30/2015 Superstar quarterback Tom Brady made good on his threat to file a federal lawsuit if NFL Commissioner Roger Goodell did not overturn his four-game suspension over Brady’s supposed knowledge of wrongdoing in the “Deflategate” scandal. Goodell, who also served as the arbitrator in Brady’s June 23rd appeal in New York, upheld the suspension on

Herbalife Wins another Dismissal in “Pyramid Scheme” Lawsuit

7/30/2015 In Los Angeles Federal Court on Tuesday, District Judge Dale Fischer dismissed another lawsuit against nutritional products producer, Herbalife, which was accused of being a “pyramid scheme.” The suit was filed against the company by the Oklahoma Firefighters Pension and Retirement System accusing Herbalife of lying to investors about the legitimacy of its business operations.

‘Slaughter Pen’ Lawsuit Aims to Re-Evaluate Ballpark Safety

7/29/2015 Longtime Oakland Athletics season-ticket holder Gail Payne has filed a lawsuit against Major League Baseball (MLB) asking the organization to make drastic changes in the netting that protects fans along the foul lines. The suit, filed July 13th in the U.S. District Court of Northern California lists MLB Commissioner Rob Manfred as the defendant.

Former Executive Could Face Life for Peanuts

7/24/2015 The U.S. Probation Office has recommended that the former owner of Peanut Corporation of America, Stewart Parnell, be sentenced to life in prison for allowing several shipments of peanuts from facilities infected with salmonella. The peanuts led to the deadliest food outbreak in U.S. history from 2008-2009, causing nine deaths and over 700 illnesses

76 Percent want Cameras in the Supreme Court

7/22/2015 A recent poll conducted by Penn Schoen Berland (PSB) on behalf of C-SPAN shows that 76 percent of respondents believe that cameras should be allowed in the Supreme Court during oral arguments. That number is up 15 percent since a similar PSB poll was conducted in June 2009. Currently the Court does release transcripts and

JP Morgan Agrees to $388 Million Class-Action Settlement for Mortgage-Backed Securities Dealings

On Friday, banking giant JP Morgan Chase agreed to a $388 million settlement to resolve a class-action lawsuit claiming that the company misled investors regarding the stability of $10 billion worth of mortgage-backed securities (MBS). The lead plaintiff in the case was the Fort Worth employees’ retirement fund, along with others including the Northern and Southern

Grimm Outlook: Former Representative Sentenced to Prison for Tax Evasion

7/19/2015 Former Congressman Michael Grimm (R-NY) was sentenced on Friday to eight months in prison and one year of supervised released in a Brooklyn federal court after pleading guilty to tax evasion. Apologizing in front of Judge Pamela Chen, Grimm pleaded for the judge to avoid prison; however Chen said that she was troubled by the

Tom Brady Threatens Federal Appeal if NFL Doesn’t Overturn Suspension

7/15/2015 According to Ryan Smith of ABC News, New England Patriots superstar quarterback Tom Brady and the NFL Players Association (NFLPA) plan to file a challenge in federal court if NFL Commissioner Roger Goodell does not overturn the four-game suspension he handed Brady in the aftermath of the Deflategate investigation. Brady was suspended on May