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Lawyer tapes casino king asking that suit proceed
Headline Legal News | 2011/01/31 22:52
Lawyers for Stanley Ho released three videos Monday that they say show he wants to continue with a lawsuit against family members accused of seizing the tycoon's $1.6 billion stake in his Macau casino empire.

It's yet another twist in a family feud that erupted last week over who will control Ho's interests in the world's biggest gambling market.

Ho, who was hospitalized for seven months after reportedly undergoing brain surgery in August 2009, has 16 surviving children by four women he calls his "wives." The unfolding drama highlights a power struggle among different branches of the family for control of his lucrative gambling business.

The video clips show the 89-year-old billionaire answering questions from his lawyer, Gordon Oldham, about the dispute, which became public when Hong Kong-listed casino operator Sociedade de Jogos de Macau, or SJM, said nearly all of Ho's shares were being transferred to the families of his second and third wives.

In one video dated Jan. 25, Ho tells Oldham that he was forced to sign some documents for the transfer and calls it "something like robbery."

"We still go ahead," Ho says when Oldham asks him what to do if the two families don't reply to requests to return the stake.

Ho is currently hospitalized for what Oldham said was a procedure involving a tube in his throat that allows him to breathe. Oldham said he planned to see Ho later Monday evening.

Ho also denies that the transfer of ownership of a holding company named Lanceford — which indirectly owns the stake in SJM and represents the bulk of his assets — to the two families was part of succession plans put in place in December.



Court rejects appeal over DC gay marriage law
Headline Legal News | 2011/01/18 09:09

The Supreme Court has rejected an appeal from opponents of same-sex marriage who want to overturn the District of Columbia's gay marriage law.

The court did not comment Tuesday in turning away a challenge from a Maryland pastor and others who are trying to get a measure on the ballot to allow Washingtonians to vote on a measure that defines marriage as between a man and a woman.

Bishop Harry Jackson led a lawsuit against the district's Board of Elections and Ethics after it refused to put that initiative on the ballot. The board ruled that the ballot question would in effect authorize discrimination.

Last year, Washington began issuing marriage licenses for same-sex couples and in 2009, it began recognizing gay marriages performed elsewhere.



Menzer & Hill, P.A. Files a $1.5 Million Whistleblower Claim Against Raymond James & Associates, Inc.
Headline Legal News | 2011/01/16 12:32

The Securities Law Firm of Menzer & Hill, P.A. Files a $1.5 Million Whistleblower Claim Against Raymond James & Associates, Inc.

The Securities Law Firm of Menzer & Hill, P.A. www.suemyadvisor.com, announced today it filed an arbitration claim against Raymond James & Associates, Inc. (“RJA”), (NYSE: RJF) on behalf of a former Operations Manager.

The claim alleges that the Claimant, while serving as an Operations Manager for one of RJA’s California branch offices, consistently reported on a series of inappropriate and violative sales practices by the branch manager, and certain other financial advisors of the branch office to regional management,
senior management and home office compliance department. Some of the alleged violations included unsuitable trading and churning in accounts of elderly customers, failure to respond to exception reports, unapproved seminar speaking, misuse of marketing funds and mismarking trade confirmations.

Claimant was then terminated and allegedly defamed on his Form U5 in alleged retaliation for threatening to speak to regulators.

Michael Hill, Managing Partner with the Securities Law Firm of Menzer & Hill, P.A. says, “one would think that given Raymond James’ and its affiliates’ regulatory history of supervisory failures, according to FINRA’s BrokerCheck, that it would act on compliance reports from its field force and increase its compliance posture to protect the investing public.”

For a free case evaluation or to discuss this matter, please contact the Securities Law Firm of Menzer & Hill, P.A. at 888-923-9223, or visit us on the web at www.suemyadvisor.com.



Hearing set for Black as he bids to remain free
Headline Legal News | 2011/01/13 08:56

Will former media mogul Conrad Black end up going back to prison?

A status hearing Thursday in Chicago isn't expected to answer that question definitively. But it could provide clues about what U.S. District Judge Amy St. Eve's inclined to do.

After serving two years of a 6 1/2-year sentence, Black was released from a Florida prison last year pending appeal.

An appeals court in October reversed two of the 66-year-old's fraud convictions. It cited a U.S. Supreme Court ruling curtailing "honest services."

But it let stand a fraud and obstruction of justice conviction. Judge St. Eve's options include resentencing Black or freeing him for good based on time served.

Among the steps she could take Thursday is scheduling a resentencing date.




NJ Supreme Court Justice limits protest
Headline Legal News | 2011/01/13 08:56

A New Jersey Supreme Court justice who refused to participate in all decisions while a temporary judge is assigned to the bench has tempered his protest.

Justice Roberto Rivera-Soto said in an opinion published Wednesday that he will issue decisions in cases in which Judge Edwin Stern participates, so long as the judge's vote doesn't affect the outcome.

Rivera-Soto said he'll continue to defer a decision to vote in cases where Stern's position changes the outcome.

Rivera-Soto maintains it's unconstitutional to have a temporary justice on the court when a quorum of five is present. Chief Justice Stuart Rabner appointed Stern to fill a vacancy that occurred when Gov. Chris Christie did not reappoint Justice John Wallace in May, leaving the seven-member court one member short.

Democrats who control the state Senate have refused to consider Christie's choice to replace Wallace, corporate lawyer Anne Patterson.

Rivera-Soto recently announced his plans to step down rather than seek renomination when his term expires in September. It was doubtful that the justice, who was reprimanded by the court in 2007 for intervening in a conflict between his son and another student at Haddonfield Memorial High School, would have been renominated.

Senate President Stephen Sweeney, who has been among Rivera-Soto's harshest critics, said Wednesday that the justice is unfit to serve.



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