Wednesday, May 27, 2015
'Ugly' potential fallout from Supreme Court health care case
A likely reason: Twenty-six of the 34 states that would be most affected by the ruling have Republican governors, and 22 of the 24 GOP Senate seats up in 2016 are in those states.
Obama's law offers subsidized private insurance to people without access to it on the job. In the court case, opponents of the law argue that its literal wording allows the federal government to subsidize coverage only in states that set up their own health insurance markets.
Most states have not done so, because of the intense partisanship over "Obamacare" and in some cases because of technical problems. Instead, they rely on the federal HealthCare.gov website.
If the court invalidates the subsidies in those states, an estimated 8 million people could lose coverage. The results would be "ugly," said Sandy Praeger, a former Kansas insurance commissioner.
Wednesday, May 20, 2015
Swiss Bank UBS Pleading Guilty To Wire Fraud
Swiss bank UBS says it is pleading guilty to wire fraud and is paying $545 million to settle U.S. cases of market manipulation.
The bank said Wednesday that under the deal with U.S. authorities it will be granted conditional immunity from prosecution in a Department of Justice probe on the manipulation of foreign exchange rates. UBS AG said it was the first to report to the DOJ potential misconduct by banks in forex markets.
It will however pay a $342 million fine to the Federal Reserve.
It will separately pay a $203 million fine to the DOJ for manipulating a key market interest rate called the London Interbank Offered Rate.
The bank said "the conduct of a small number of employees was unacceptable and we have taken appropriate disciplinary actions."
Friday, April 17, 2015
New York Adoption Attorneys – Rosin Steinhagen Mendel
Friday, April 10, 2015
Criminal Defense Attorney - Law Offices of Jerry Jenkins
Friday, April 3, 2015
Judge says court battle over giant emerald can proceed
A Los Angeles judge has ruled a trial can go forward to determine ownership of an emerald weighing 840 pounds that was hauled out of a Brazilian mine more than a decade ago.
The 180,000-carat emerald is at the center of a court battle between gem traders, miners, real estate tycoons and others vying for the jewel once valued at $372 million.
The latest claim to ownership came from the Brazil government, which wants the gem returned to its country of origin.
The Los Angeles Times reports Superior Court Judge Michael Johnson said this week a motion by Brazil lacked sufficient evidence to warrant halting the case.
The jewel known as the Bahia Emerald is one of the largest of its kind in the world.
Ex-UBS banker pleads guilty in US tax evasion case
A former executive at Swiss bank UBS AG has pleaded guilty to a conspiracy charge as part of a long-running U.S. investigation into tax evasion using secret accounts.
Hansruedi Schumacher entered the plea Thursday before a Florida federal judge. Schumacher is cooperating in the investigation and in return, prosecutors will recommend a sentence of five years' probation and a $150,000 fine.
Schumacher admitted in court papers that while at UBS and a second Swiss bank from 1995 to 2009 he helped wealthy U.S. citizens escape the Internal Revenue Service using secret offshore accounts.
Several other bankers and dozens of customers have been prosecuted. UBS itself paid a $780 million fine to the U.S. in 2009 and agreed to disclose names of thousands of its American customers.
Thursday, February 19, 2015
High court must fix special prosecutor process, lawyers say
The case in question is a court-ordered investigation into whether Kane's office illegally shared secret investigative material with the Philadelphia Daily News. The result was a grand jury's recommendation that Kane be charged with perjury and other offenses.
The justices may not ultimately agree with Kane that the courts lack the authority to appoint prosecutors to run grand juries or investigate her office. But, say lawyers and court watchers, the justices must at least clean up a murky and messy process that has been dogged by questions about legality and constitutionality.