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Investors to Supreme Court: Deny Argentine do-over
Headline Legal News | 2014/05/09 13:30
Argentina's opponents have filed their last arguments with the U.S. Supreme Court, urging justices to deny the South American government's appeal of a $1.4 billion debt ruling because President Cristina Fernandez has repeatedly vowed not to honor any ruling that goes against her.

Argentina wants the court to overturn a ruling it says would provoke a catastrophic default by forcing it to pay $1.4 billion in cash to the investors it calls "vulture funds." These investors, led by billionaire Paul Singer's NML Capital Ltd., snapped up Argentina's defaulted debt when its economy crashed a decade ago and have litigated ever since, seeking payment in full plus interest even after 92 percent of other bondholders agreed to provide generous debt relief in exchange for regular payments on new bonds.

"Argentina already has made clear that it will not obey any adverse decision on the questions it presents," reads NML's brief, filed just before Wednesday night's deadline.

"Argentina ultimately is not interested in any court's views concerning those questions. By Argentina's lights, it has the final word, and it will recognize a judicial ruling only if it accords with Argentina's conclusions," NML said.

The "Aurelius Respondents," another group of hedge funds and holding companies based in the Cayman Islands and the US state of Delaware to avoid scrutiny and taxes, also filed a brief, urging the justices to deny Argentina's "do-over" request. "A chorus of disinterested parties has recognized that Argentina is without peer in its mistreatment of private-sector creditors," their brief said.


Jackson Trial Lawyers - Cardiff Personal Injury Lawyer
Attorney News | 2014/05/05 16:21
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Casino law hinges on Massachusetts high court case
Headline Legal News | 2014/05/05 16:21

The fate of casino gambling in Massachusetts may hinge on a case before the state's highest court Monday.

The Massachusetts Supreme Judicial Court is set to hear arguments in a case centered on whether a question should be allowed on the November ballot asking voters if they want the state's 2011 casino law repealed. The court is expected to issue a decision by July.

If allowed on the ballot, the referendum could upend the state's ongoing casino licensing process.

Gambling giants MGM, Wynn, Mohegan Sun and others have expressed concern they could lose millions of dollars they've invested in the planning, development and promotion of their proposals if the referendum prevails. They also argue the state risks losing much more.

"Jobs certainty and billions of dollars in economic development hang in the balance," said Carole Brennan, a spokeswoman for MGM, which has proposed an $800 million casino project in downtown Springfield. "The Gaming Act allows for the creation of more than 10,000 jobs and the recapture of billions of dollars in tax revenues that are currently leaving the state. It doesn't make sense to forgo those opportunities."

State Attorney General Martha Coakley, a Democrat running for governor this year, has ruled that the question violates the state constitution and shouldn't be allowed on the ballot.


Lawsuit seeks access to more secret court opinions
Press Release | 2014/05/02 13:45

The Obama administration has failed to turn over documents under public-records requests detailing still-secret court orders about the scope and legality of National Security Agency surveillance, according to a lawsuit filed Thursday in federal court.

The Electronic Frontier Foundation, a civil liberties group, said the Justice Department failed under its legally prescribed deadline to hand over documents in four requests since last year under the Freedom of Information Act. The requests sought, among other documents, secret opinions from the Foreign Intelligence Surveillance Court exploring whether the NSA violated the law in collecting Americans' Internet communications.

A Justice Department spokesman said Thursday that the agency was "committed to a transparent and open government, and makes every attempt to comply with Freedom of Information requests in a timely and efficient manner while ensuring that classified or sensitive information is not improperly released."

The lawsuit comes at a time when the president has promised to be more transparent on how the intelligence agencies conduct surveillance. As part of its response to the fallout from former NSA systems analyst Edward Snowden's disclosures, the administration has declassified hundreds of pages of documents regarding the secret surveillance programs, including many of the surveillance court opinions.

The Electronic Frontier Foundation has aggressively sought access to the secret court's records, and some recently disclosed documents were the result of those lawsuits. EFF's most recent FOIA requests, among those challenged Thursday in U.S. District Court in Washington, also sought opinions from the secret appeals court and, if any were to exist, at the Supreme Court.


The Salazar Law Firm, PLLC - Houston Car Accident Lawyers
Attorney News | 2014/05/02 13:44
The Salazar Law Firm, PLLC is a Houston - based personal injury law firm offering an array of services to individuals and businesses. We focus on total satisfaction through constant communication and individualized attention to each client's goal.

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