News from May 2013

Pair convicted on federal tax charges

By Stephanie Ostrowski | May 1, 2013

WASHINGTON (Legal Newsline) - Two Phoenix businessmen have been convicted by a jury on federal tax charges for failure to disclose secret offshore bank accounts in Switzerland.

Iowa grain processor fined for Clean Water Act violations

By Stephanie Ostrowski | May 1, 2013

Lenexa, Kan. (Legal Newsline) - An Iowa company allegedly violated the federal Clean Water Act in 2011 and has agreed to pay a $129,000 civil penalty to resolve.

SEC says Conn. firm schemed to profit from Apple stock

By Stephanie Ostrowski | May 1, 2013

WASHINGTON (Legal Newsline) - A former Connecticut-based brokerage firm has been charged with scheming to personally profit from placing unauthorized orders to buy Apple stock.

Civil Penalty Fund rule issued by CFPB

By Stephanie Ostrowski | May 1, 2013

WASHINGTON (Legal Newsline) - A Civil Penalty Fund rule has been created by the Consumer Financial Protection Bureau (CFPB) which establishes conditions and a transparent process for allocating money from the fund to compensate victims of civil penalty violations.

EPA forces nine gas stations to improve leak detection

By Stephanie Ostrowski | May 1, 2013

NEW YORK (Legal Newsline) - To improve the detection of gas leaks, the owners of nine gas stations will spend a minimum of $112,000 as a result of an agreement with the U.S. Environmental Protection Agency.

Wash. AG announces approval of new courthouse protections

By Bryan Cohen | May 1, 2013

OLYMPIA, Wash. (Legal Newsline) - Washington Attorney General Bob Ferguson announced the approval of a bipartisan measure Tuesday meant to extend current courthouse protections to all residents accessing the courts.

Ohio AG files suits against 3 internet cafes started after moratorium

By Bryan Cohen | May 1, 2013

COLUMBUS, Ohio (Legal Newsline) - Ohio Attorney General Mike DeWine filed lawsuits against three internet cafes Tuesday after they allegedly failed to file affidavits of existence following a statewide moratorium in 2012.

N.D. AG announces new scrap metal regulations

By Bryan Cohen | May 1, 2013

BISMARCK, N.D. (Legal Newsline) - North Dakota Attorney General Wayne Stenehjem announced Tuesday that new laws will go into effect on Wednesday to regulate the sales of scrap metal in North Dakota.

S.D. AG issues alert about grandparent scam

By Bryan Cohen | May 1, 2013

PIERRE, S.D. (Legal Newsline) - South Dakota Attorney General Marty Jackley issued a consumer alert Wednesday warning South Dakota seniors to be cautious of telephone calls requesting money for family members.

Illinois AG files lawsuit against Carterville auto dealer

By Bryan Cohen | May 1, 2013

CHICAGO (Legal Newsline) - Illinois Attorney General Lisa Madigan filed a lawsuit on Wednesday against a Carterville-based auto dealership that allegedly engaged in deceptive sales tactics.

Court authorizes service of 'John Doe' summons on U.S. taxpayers with Caribbean offshore accounts

By Jessica M. Karmasek | May 2, 2013

WASHINGTON (Legal Newsline) -- The U.S. Department of Justice said Tuesday a federal court has entered an order authorizing the Internal Revenue Service to serve a "John Doe" summons on U.S. taxpayers who may hold offshore accounts at Canadian Imperial Bank of Commerce FirstCaribbean International Bank.

Hedge firm pays $21.5M to settle SEC insider trading charges

By Stephanie Ostrowski | May 2, 2013

WASHINGTON (Legal Newsline) - Hedge fund advisory firm Level Global Investors LP has agreed to pay more than $21.5 million to settle charges for alleged insider trading in the securities of Dell Inc. and Nvidia Corp.

Others working to make sure insurers dole out unclaimed property properly

By Bethany Krajelis | May 2, 2013

CHICAGO -- State lawmakers and insurance regulators aren't the only ones trying to resolve concerns over some insurance companies' failure to pay out death benefits.

Del. SC hears Kuwaiti investment contract case

By Jessica M. Karmasek | May 2, 2013

WILMINGTON, Del. (Legal Newsline) -- The Delaware Supreme Court on Wednesday heard a Kuwaiti firm's appeal of a lower court ruling denying it the protection of Kuwaiti law over an investment contract that was negotiated and signed in the country and marketed to foreign investors.

Obama nominates N.C. Congressman to head federal agency overseeing Fannie Mae, Freddie Mac

By Jessica M. Karmasek | May 2, 2013

WASHINGTON (Legal Newsline) -- President Barack Obama announced Wednesday that he plans to nominate a new director of the Federal Housing Finance Authority.

Canadian court stays Ecuadorians' suit against Chevron

By Jessica M. Karmasek | May 2, 2013

TORONTO (Legal Newsline) -- Nearly a year after a group of Ecuadorian plaintiffs filed a lawsuit against Chevron Corp. in Canada, a judge of the Superior Court of Justice in Ontario has stayed the suit.

Mich. appeals court sides with homeowners in suit over bat feces cleanup

By Jessica M. Karmasek | May 2, 2013

LANSING, Mich. (Legal Newsline) -- The Michigan Court of Appeals ruled this week that a lower court did not err in awarding sanctions to a couple, whose home was overrun by bats, on the basis that a remediation company's civil action against them was frivolous.

Wash. AG announces $97,000 settlement with Ariz. software company

By Bryan Cohen | May 2, 2013

OLYMPIA, Wash. (Legal Newsline) -- Washington Attorney General Bob Ferguson on Wednesday announced a $97,000 settlement with an Arizona-based software company and its owner for allegedly engaging in deceptive and unfair practices against consumers.

Report: Kan. AG requests additional $1.2M in funding for potential lawsuits

By Jessica M. Karmasek | May 2, 2013

TOPEKA, Kan. (Legal Newsline) -- Kansas Attorney General Derek Schmidt asked state lawmakers last week for an additional $1.2 million to cover potential lawsuits over new laws.

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