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Attorneys to give openings in Mumbai terror case
Court Watch |
2011/05/23 08:49
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The trial of a Chicago businessman accused of helping plan deadly attacks in Mumbai in 2008 is being closely watched worldwide for what testimony might reveal about the global fight against terrorism. Defense attorneys, though, say their case is about just one thing: Betrayal.
Opening statements start Monday in the trial of Tahawwur Rana, who prosecutors allege provided cover for his former schoolmate to scout out sites for the rampage that killed more than 160 people in India's largest city. Rana, 50, has pleaded not guilty.
The case has drawn keen interest because the testimony might give clues about suspected links between the Pakistani militant group blamed in the attacks and the nation's main intelligence agency, which has been under scrutiny for failing to detect Osama bin Laden since U.S. forces killed him May 2 outside Islamabad.
Prosecutors' key witness is expected to be David Coleman Headley, a Pakistani-American and Rana's former friend who pleaded guilty last year to laying the groundwork for the Mumbai siege blamed on the militant group Lashkar-e-Taiba. Headley is cooperating with the government and may discuss allegations that Pakistan's government knew — or possibly helped plan — the attack. Six Americans were among those killed. |
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Ohio couple pleads guilty in terror funding case
Court Watch |
2011/05/23 08:49
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An Ohio husband and wife pleaded guilty Monday to charges that they plotted to help finance a Mideast terrorist group under a deal that spares them from potential life sentences.
Hor and Amera Akl were arrested in June 2010 after authorities said an FBI informant provided them with cash that they were planning to hide in a vehicle to be shipped to Lebanon. They intended to conceal up to $1 million for Hezbollah, the Lebanese group the U.S. government lists as a terrorist organization and blames for numerous attacks on Israel, federal prosecutors said.
The Akls, dual citizens of the United States and Lebanon, had previously pleaded not guilty to several counts carrying the possibility of life prison terms, prosecutors said. They pleaded guilty before U.S. District Judge James Carr in Toledo to conspiracy to provide material support to a foreign terrorist organization.
Hor Akl now faces a sentence of a little more than seven years in prison, while his wife could receive up to four years. They remained free on bail after their pleas, and it was not immediately clear when they would be sentenced.
Prosecutors said Hor Akl traveled to Lebanon in March 2010 to arrange the delivery of money. He returned to the United States claiming that he had met with Hezbollah officials, the government's said. |
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Mack Trucks, Volvo to pay $525M to settle suit
Court Watch |
2011/05/19 09:07
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Mack Trucks Inc. and its parent, AB Volvo, will pay $525 million to settle a class-action lawsuit filed by more than 9,300 retirees of the North Carolina truck maker after they challenged potential reductions to their lifetime health benefits.
The Legal Intelligencer reported Tuesday that Senior U.S. District Judge R. Barclay Surrick gave preliminary approval of the settlement. A hearing is Sept. 7 to decide if the settlement is fair and reasonable.
The suit was filed in Michigan after Mack sought a ruling that lifetime benefits of its retirees were not vested and could be modified or eliminated. Both cases were consolidated in the Eastern District of Pennsylvania.
Mack reached an agreement with the UAW in May of 2009 on a voluntary employees beneficiary association, or VEBA, that would have the union oversee retirees' health benefits. Mack and Volvo agreed to fund it with $525 million, paid in five annual installments.
Mack said it expects the final approval of the VEBA in September.
The company also reported that deliveries nearly doubled in April from a year earlier with 1,608 trucks delivered from the 810 it recorded in April 2010, an increase of 99 percent. |
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Minn. court: Defendant may withdraw guilty plea
Court Watch |
2011/05/17 03:34
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The Minnesota Court of Appeals says defendants may withdraw a guilty plea if they are not told a conviction could result in deportation.
The court on Monday sided with Rene Reyes Campos. Campos said if he knew he risked being deported for a conviction for simple robbery for the benefit of a gang, he never would have pleaded guilty.
Campos was 17 when he was charged in Hennepin County in 2009, and had been a lawful U.S. resident for about seven years. He agreed to plead guilty as an adult and get a stayed sentence. He was not told the plea could affect his immigration status. Last June, Campos moved to withdraw his plea. |
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Hedge fund founder convicted in inside-trade case
Court Watch |
2011/05/13 09:30
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A former Wall Street titan was convicted Wednesday of making a fortune by coaxing a crew of corporate tipsters into giving him an illegal edge on blockbuster trades in technology and other stocks — what prosecutors called the largest insider trading case ever involving hedge funds.
Raj Rajaratnam was convicted of five conspiracy counts and nine securities fraud charges at the closely watched trial in federal court in Manhattan. The jury had deliberated since April 25, and at one point was forced to start over again when one juror dropped out due to illness.
Prosecutors alleged the 53-year-old Rajaratnam made profits and avoided losses totaling more than $60 million from illegal tips. His Galleon Group funds, they said, became a multibillion-dollar success at the expense of ordinary stock investors who didn't have advance notice of the earnings of public companies and of mergers and acquisitions.
A New York jury has quietly finished its second week without a verdict in the trial of a one-time billionaire hedge fund founder accused of using inside information to make tens of millions of dollars illegally.
Prosecutors say Rajaratnam used a network of friends and old college buddies to cheat on Wall Street. His lawyers say he only traded based on public information. The replacement of a juror two days ago forced the jury to restart its work. |
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